SOURCE: BluForest Inc.

BluForest Inc.

August 19, 2013 17:00 ET

BluForest Inc: Global Fuel Ltd. LOI Correction

QUITO, ECUADOR--(Marketwired - Aug 19, 2013) - BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF) BluForest Inc. would like to clarify the News Release of August 15, 2013 titled "BluForest Inc. Signs an LOI Entering Into Discussions of the Pre-Purchase of Carbon Credits Which May Result in a Potential 12 Million Dollar Annual Revenue". 

The LOI with Global Fuel Ltd. ("Global Fuel") is structured such that a prepayment of $12,000,000 by Global Fuel will be made for the delivery of the Carbon Credits and will be for a period not to exceed 24 months. At that time Global Fuel expects the estimated 210,000 tonnes of Carbon Credits to have been, Validated, Verified, Certified and ready for market. If for whatever reason the Credits are not delivered as agreed to Global Fuel will consider the agreement in default and move to have the prepayment funds reclassified as a loan to BluForest.

We hope that this press release serves to better explain the LOI to our stock holders and interested parties. 

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