SOURCE: ECO2 Forests Inc.

ECO2 Forests Inc.

September 16, 2010 09:00 ET

ECO2 Forests Promotes Ray Smith to Position of CEO

BOULDER, CO and QUEENSLAND, AUSTRALIA--(Marketwire - September 16, 2010) -  ECO2 Forests Inc. (PINKSHEETS: ECOF) has today announced current COO Ray Smith has been promoted to the position of Chief Executive Officer.

ECO2 Forests' Martin Tindall made the announcement today noting the relative ease at which the decision was reached given Ray Smith's credentials, passion and performance since his initial appointment in October 2009.

"Ray has not only been an integral senior executive of ECO2 Forests since he joined us in October 2009 but has provided tremendous leadership and direction that guided our Company through these formative years," Tindall said.

"The decision to appoint Ray as CEO of ECO2 Forests was one that was easy to make as he has demonstrated every attribute we aspire to have in our CEO; integrity, business excellence, vision, innovation and calm leadership."

Ray Smith is a highly experienced and successful executive manager skilled in all areas of senior executive leadership and management. He has followed a distinguished career in the Australian Regular Army with a string of successful senior positions in the private sector where he has held CEO and General Manager positions in the government, transport, consulting, education, service, marketing, engineering, telecommunications, warehousing and distribution sectors.

Ray Smith is well qualified to lead ECO2 Forests into its next phase of development. Complementing his broad experience are multiple degrees in business, management, project management and international relations.

"The combination of his impressive academic, professional and military background and his exemplary performance since joining ECO2 Forests all speak mountains for his character and abilities and we are excited to announce and welcome him to the position of CEO today," Tindall said.

"I look forward to leading ECO2 Forests as it moves to deliver projects in various parts of the world and in particular in delivering value to the many valued shareholders who have invested in the Company during its formative stages. As it now positions itself to expand its projects, a hallmark of its activity will be the many opportunities it brings to the people in the project areas. Of course, the continuum of environmental benefits generated by ECO2 Forests projects remains significant, and will continue to deliver an improved economic and environmental circumstance to future generations," Ray Smith said today.

"We will continue to refine the organization to ensure it is well positioned to take advantage of the many new opportunities that are presenting themselves and to ensure ECO2 Forests is a leader in its field," continued Smith.

Ray Smith will assume the position of CEO effective immediately.

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About ECO2 Forests Inc.
ECO2 Forests was created to deliver large scale sustainable, lumber-producing forests and the preservation of old growth forests through an innovative E4 Philosophy -- embracing positive Environmental impact and delivering Economic returns, while fostering Employment and Education.

Company projects are operated under the Global Forestry Plan which calls for the creation of thousands of acres of new forests to be planted and maintained around the world. Current projects in various stages of development are located in Australia, Vanuatu and in the United States.

A publicly traded company, ECO2 Forests trades under the U.S. Stock Symbol ECOF. With offices in Boulder, Colorado and Queensland, Australia the company has been structured specifically to be positioned for long term global growth and support.

For more information please visit www.eco2forests.com.

Forward-Looking Statements
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.

Contact Information

  • For all media enquiries please contact:

    United States
    Theresa Renken
    P) (303) 500 5272
    E) Email Contact

    Australia and International
    Andrew Laing
    ECO2 Forests Inc.
    P) (+61) 420 971 030
    E) Email Contact

    W) www.eco2forests.com