SOURCE: BluForest Inc.

BluForest Inc.

August 22, 2013 07:00 ET

BluForest Inc. Watches as California Carbon Allowances Sell Out

QUITO, ECUADOR--(Marketwired - Aug 22, 2013) - BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF) trading on California carbon allowances surged after the state sold out of the permits for the first time.1

Lenny Hochschild, managing director at the White Plains, a New York based environmental broker, stated to reporter Lynn Doan by telephone, "There is now conviction that this program will be here for a while."

Contracts for a record 1.83 million 2016 allowances cleared yesterday August 21, 2013 settling at $12.50 each. According to the report the previous high was 960,000 allowances which was met on May 21, 2013. 

"The sellout for 2016 permits really shows that these companies, probably the big oil companies, are preparing for the longevity of this market," said Emily Reyna, senior manager of partnerships and alliances for the Environmental Defense Fund. "2

California established a "cap-and-trade program in an effort to cut greenhouse-gas emissions about 15 percent by 2020."3

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.


2 Ibid.

3 Ibid.

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