QUITO, Ecuador, Sept. 30, 2013 (GLOBE NEWSWIRE) -- BluForest Inc. (OTCBB: BLUF ) (OTCQB:BLUF)
A press release issued by The World Bank on September 10, 2013 states that the Central American country of Costa Rica "forges ahead to protect 340,000 hectares, benefit rural communities, and meet its 2021 carbon neutrality goal." 1
The LOI signed on September 10, 2013 paves the way to access large-scale performance-based payments for conserving its forests, regenerating degraded lands, and scaling up agro-forestry systems for sustainable landscapes and livelihoods. 2
The Press Release states that the "LOI commits the FCPF Carbon Fund to negotiate the purchase of carbon emission reductions (commonly known as carbon credits) up to a value of US$63 million. The country's proposal to the FCPF Carbon Fund would help meet pending demand for additional landowners to participate in the Payments for Environmental Services (PES) program that will protect and regenerate forests on about 340,000 hectares of privately owned land and also in Indigenous People's territories."
Costa Rica, an early adopter of the REDD+ concept, which was formalized in 2005 as one of the founders of the Rainforest Coalition, was the first country to put the concept of REDD+ onto the agenda of international climate negotiations.
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 Pinksheets.com 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.
1 http://www.worldbank.org/en/news/press-releas...de-carbono
2 Ibid.
BluForest Inc. Company phone number: 1-855-509-5508 www.bluforest.com
