MIAMI, FL, Dec. 05, 2017 (GLOBE NEWSWIRE) --
Amazonas Florestal, Ltd. (www.azflusa.com) (OTC: PINK: AZFL), a natural resources company dedicated to innovative, sustainable forest management, Industrial CBD Hemp and the certification and sales of carbon credits, today announced that the company’s wholly-owned subsidiary Amazon Hemp is moving forward with plans to plant additional acreage in Colorado beginning April 2018, and has identified 2 new properties to add to the 2 presently secured. The Company has also hired personnel to complete the formulation of its retail product line of oils that it expects to launch during the first quarter of 2018.
The Company also announced that it entered into a 3a10 process with 303 Farms, its contractors in Colorado, through Northbridge Financial that was approved on November 22, 2017, for a total of $ 291k. These payments complete the company's financial responsibilities in Colorado for 2017.
The Company also announced launching of a new subsidiary, Amazon Labs, and that it has entered into an MOU with Luis Fernandez naming him agent for New Business Development. Mr Fernandez, former director for LATAM BDS, has through an illustrious career been proven effective to raise funding for new business developments and will be collaborating with Company Management to structure a $4 Million investment that the company expects to raise for the completion of Amazon Labs in Colorado beginning the first quarter of 2018.
The Company also announced that it is moving forward with its Carbon Offset project on its properties on Northern Brazil. This week company contractor Edson Braga signed an agreement through which the company will begin geo-referencing the first 10,400 hectares that it owns in Borba, Amazonas. The GEO process forms part of completing the new SYSCAR requirements imposed by the Brazilian Federal Government through its environmental agency IBAMA. This step will move the company one step closer to priming these properties for a REDD + project through a UN initiative that could represent substantial revenues for the company by the last quarter of 2018.
Ricardo Cortez, Company Chairman for Amazonas Florestal, Ltd., said, "We are very pleased to announce this progress on all fronts of our present business directions. Our shareholders will be pleased to know also that management remains dedicated and focused entirely on the fulfillment of these projects that should finally come into fruition during the next three quarters.”
Juan C. Ubieto, Investor Relations Officer of Amazonas Florestal Ltd., commented, "Our staff, both in Miami and Colorado, are very happy with the manner in which the Hemp business is developing in Colorado as with the general acceptance that our target accounts have demonstrated thus far on both our CBD products as with the wood products being offered out of northern Brazil. We have a team going to Manaus next month that will also set the groundwork to renew our carbon studies once the geo-referencing of the properties have been completed. These will determine how many carbon credits will be available to market from company controlled lands on 20 and 25 year projects.”
About Amazonas Florestal Ltd.
Amazonas Florestal Ltd. is a natural resources company dedicated to innovative, sustainable management of large tracts of land in the rainforests of Amazonas, Brazil, that include the certification and sale of carbon credits and the growth, harvesting, research and development of Industrial Hemp and related products in the U.S.
Headquartered in Miami, FL, Amazonas's goal is to become a leader in sustainable forest management and preservation, creating revenue while protecting the biodiversity of the rainforest ecosystem and enhancing the lives of the people who live in it. Through a strategy of selective harvesting, certification and sale of carbon, biomass and biofuel production, and conservation incentives, Amazonas Florestal Ltd. intends to help protect one of the world's greatest natural resources and show how its preservation can be a profitable activity. Visit the Company at: www.azflusa.com.
Forward Looking Statements
Forward-looking statements in this release regarding Amazonas Florestal Ltd. are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.