SOURCE: Amazonas Florestal

April 05, 2016 08:00 ET

Amazonas Florestal Ltd. Announces Completion of Audits for 2015

MIAMI, FL--(Marketwired - Apr 5, 2016) - Amazonas Florestal, Ltd. ( (OTC PINK: AZFL), a natural resources company dedicated to innovative, sustainable forest management, the certification and sales of carbon credits, and Industrial Hemp (the "Company"), today announced that the Company's PCAOB registered auditor, Monte Waldman, has completed the final audit report for the Company's 2015 Year End Annual Report.

With the acquisition of Earth Pass Inc. in February, 2016, and the reverse stock split that was effective March 2, 2016, the Company is successfully completing its path towards its recapitalization requirements. The Company intends to file an S-1 registration and its financial reports with the Securities and Exchange Commission (the "SEC") by April 30, 2016. Once the Company becomes fully reporting to the SEC it will then apply to the OTC Markets to be an OTCQB quoted company.

Nitin Amersey, Chief Executive Officer of the Company, commented: "The completion of the audit to date consolidates our mission of becoming fully reporting and the Company remains actively on course to complete its recapitalization and activate certain funding instruments that will capitalize its wood products business in Brazil and the studies that will certify 'REDD+' Carbon Credits on its holdings in the Northern Amazon. The recent acquisition of Earth Pass Inc. and its fully licensed wood products export subsidiary, Amazon Sustainable Development Corp., that has operated in the State of Amazonas in Brazil since 2008, allows the Company to begin the project studies to determine the amount of carbon stored in the holdings that the Company owns in the State of Amazonas in northern Brazil and to have that carbon certified 'Carbon Credits' for sale on the expanding worldwide 'Voluntary Market."

Mr. Amersey added: "Achieving fully reporting status with the SEC, completing our carbon studies, and certifying our carbon holdings have become our executive mission and of utmost importance to management. We look forward to hitting these milestones over the next 3 to 4 calendar quarters and will keep our shareholders updated throughout this process."

Based on comparable studies performed in surrounding properties, the carbon values reveal 225-615 metric tons of carbon stored per hectare on native rainforest properties. Given current estimates and comparable studies, the Company aims to achieve potential revenues of between $6 million and $8 million per year through the sale of certified carbon credits.

About Amazonas Florestal Ltd.

Amazonas Florestal Ltd. is a natural resources company dedicated to innovative, sustainable management of large tracts of land in the rainforests of Amazonas, Brazil, which includes the certification and sale of carbon credits and the growth, harvesting and research and development of Industrial Hemp and related products in the U.S.

Headquartered in Miami, FL, the Company's goal is to become a leader in sustainable forest management and preservation, creating revenue while protecting the biodiversity of the rainforest ecosystem and enhancing the lives of the people who live in it. Through a strategy of selective harvesting, certification and sale of carbon, biomass and biofuel production, and conservation incentives, the Company intends to help protect one of the world's greatest natural resources and show how its preservation can be a profitable activity. Visit the Company at:

Forward Looking Statements

Forward-looking statements in this release regarding Amazonas Florestal Ltd. are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.

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