SOURCE: BluForest Inc.

BluForest Inc.

October 22, 2013 07:00 ET

BluForest Inc.: Delhi's Urban Forestry Project Carbon Credits May Be Entitled to Carbon Credits

QUITO, ECUADOR--(Marketwired - Oct 22, 2013) - BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF)

In a press release issued by the Times of India on October 12, 2013, it was announced that he New Delhi government's urban forestry project, which is found in the "wasteland of Deramandi," was specially chosen by the United Nations Framework Convention Climate Change (UNFCC) for clean development mechanism (CDM)1. The forest department officials had stated that this urban forestry project is the only such project to be selected from India.

The article by Jayashree Nandi explains that the "project focuses on rejuvenating grasslands and planting native varieties. The land, spanning across 358 hectares in the southeastern part of the southern Aravali ridge, is very close to Delhi-Haryana border."

Nandi further clarifies that the "project design document shows the region had a flourishing flora and fauna till 1900 AD but increased urbanization and open cast quartzite mines resulted in encroachment and degradation. In the absence of adequate staff, the government handed the project to the Eco-Task Force (ETF) of Indian Territorial Army, with plantation being done mainly by former Army personnel from ETF under the guidance of the forest department. The project, which was launched in 2008, has been planned for a 30-year period. Between 2008 and 2013, it may have managed to save 1,992 tonnes of CO2 equivalent, and can cut down on almost 7,873 tonnes of CO2 in 2018."

It is estimated that the project will save approximately 12,138 metric tonnes CO2 equivalent per annum.

About BluForest Inc. BluForest Inc. is a development stage company that is a publically traded carbon offsets marketing and renewable energy company. BLUF is executing its strategy to become a leading marketer of carbon offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+). The BluForest website provides further information about the company which prospective investors are encouraged to visit.

Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

On behalf of the Board of BluForest Inc.


Contact Information