SOURCE: CF Green Corp.

May 31, 2005 06:15 ET

CF Green Corp. Announces Return of Shares

LOS ANGELES, CA -- (MARKET WIRE) -- May 31, 2005 -- CF Green Corporation (OTC: CFGE) announced today that it is continuing with its progress to position itself as a merger candidate. The Company has asked various shareholders to return their shares.

The share structure of the Company currently is: the outstanding shares are approximately 36 million shares with insiders holding 30 million shares. Of the remaining outstanding shares, the unrestricted amounts to approximately 3 million. After completion of the return of shares, the Company expects the outstanding number of shares to be approximately 18 million shares.

The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.

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