SOURCE: Amazonas Florestal

March 08, 2016 10:59 ET

Amazonas Florestal Ltd. Announces Reverse Stock Split

MIAMI, FL--(Marketwired - Mar 8, 2016) - Amazonas Florestal, Ltd. (www.azflusa.com) (OTC PINK: AZFLD), a natural resources company dedicated to innovative, sustainable forest management, the certification and sales of carbon credits, and Industrial Hemp, today announced a reverse stock split of the Company's issued and outstanding common stock, $0.001 par value, at a ratio of one new share for every 1,000 shares currently outstanding, effective Wednesday, March 2, 2016.

Every 1,000 shares of the Company's issued and outstanding common stock will be automatically combined into one share of common stock. This will reduce the number of outstanding shares from approximately 17,515,996,000 shares to approximately 17,515,996 shares. The Company will trade under the symbol AZFLD for 20 days.

The reverse stock split will not affect any shareholder's ownership percentage of the Company's common stock, except to the limited extent that the reverse stock split would result in any shareholder owning a fractional share. Fractional shares of common stock will be rounded up to the nearest whole share. After the reverse stock split takes effect, shareholders holding physical share certificates will receive instructions from Bay City Transfer Agency & Registrar, Inc., the Company's transfer agent, regarding the process for exchanging their shares.

Nitin Amersey, Chief Executive Officer of Amazonas Florestal, commented, "The Company plans on filing a registration statement (Form S-1) with the SEC to become fully reporting. We expect to do so by March 30th, 2016. Achieving full-reporting status with the SEC, completing our carbon studies, and certifying our carbon holdings, on all our Brazilian properties are initiatives that are of utmost importance to management. Once certified through the methodology provided in the REDD+ Programs, a United Nations Initiative, the Company's carbon credits can be sold on the voluntary market, thus driving increased revenue to the Company and bringing greater value to shareholders. We look forward to hitting these milestones over the next 15 months and to keeping our shareholders updated throughout the 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 expects 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, that include the certification and sale of carbon credits and the growth, harvesting, research and development of Industrial Hemp and related products in the U.S.

Headquartered in Miami, FL, Amazonas'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, Amazonas Florestal Ltd. 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: www.azflusa.com

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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