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ECOF: Acquires 20K Acres for Reforestation Project in Vanuatu in South Pacific

Posted on: Wed, 18 Nov 2009 08:36:00 EST

Symbols: ECOI, ECOF

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Ridgeland, MS, NOV 18, 2009 (EventX/Knobias.com via COMTEX) --
ECOI | Quote | Chart | News | PowerRating -- By Fain Hughes, fhughes@knobias.com

ECO2 Forests Inc. ( ECOF | Quote | Chart | News | PowerRating) has acquired 20,000 acres in the South Pacific country of Vanuatu for their first major reforestation project. ECO2 Forest finalized all arrangements and contracts for the commencement of the project on the island of Malakula, Vanuatu, with the first harvest revenue forecast at US$112,520 per acre.

This acquisition paves the way for over 3.3 million Kiri Trees to be planted, commencing in the first quarter of 2010, under the Company's Global Forestry Plan. It is estimated that the project will produce 600 million board feet of renewable rough saw timber and sequestration of approximately 7 million metric tonnes of carbon dioxide (CO2) from the atmosphere during the first full planting cycle.

KNOBIAS DISCLAIMER: All statements made in this article were made by the Company and do not in any way reflect the opinions of Knobias. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC.

ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.

If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com

Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx

For full details on (ECOI) ECOI. (ECOI) has Short Term PowerRatings at TradingMarkets. Details on (ECOI) Short Term PowerRatings is available at This Link.

For full details on (ECOF) ECOF. (ECOF) has Short Term PowerRatings at TradingMarkets. Details on (ECOF) Short Term PowerRatings is available at This Link.

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