HARBIN, China, Jan. 22, 2009 (GLOBE NEWSWIRE) -- China Forestry, Inc. (OTCBB:CHFY) announced today that Company CEO Tian Yuan appeared in a recent installment of CEOCorner, "The Fastest 60 Seconds in the Small Cap Market." Mr. Yuan consented to the interview in order to provide shareholders and prospective shareholders with updates and a brief inside look at the most compelling features and recent developments of the Company. Details of the interview can be heard at the company profile for China Forestry, Inc. on the InvestSource, Inc. (ISI) website at: www.investsourceinc.com or on the CEOCorner website at: www.ceo-corner.com.
Over the course of the interview, Mr. Yuan was quick to point out the Company's current holdings of forest right certificates for more than 1,500 hectares of forest assets, as well as Letters of Intent to acquire additional certificates for more than 1,100 additional hectares. He also explained that given the current market conditions, as well as the long term trend towards urbanization in China, that there are tremendous opportunities for the Company to substantially augment its holdings and strengthen its position in this market. He expressed confidence in China Forestry's strategy and direction, and the Company's potential to become a major player in China, the single largest importer of wood and wood products in the world.
About China Forestry Inc.:
China Forestry Inc. (OTCBB:CHFY) is a timber investment group formed in the People's Republic of China to conform to China laws that prohibit non-PRC ownership of forest lands. The Company's strategy is to capitalize on the Chinese Government's decision to promote sustainable forest management through land tenure reforms that include the transferability of forest user right certificates to PRC entities. The Company's current holdings include ownership of four user right certificates representing 1,561 hectares of forest assets in China's northeastern Heilongjiang Province, home to China's most valuable timber and one of the most distinctive temperate forests in the world due to its rare biodiversity. For more information, please visit the Company's website at: http://www.chinaforestryinc.com.
Forward-Looking Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.