China Forestry, Inc. (CHFY.OB) Signs Letter of Intent to Acquire Gaoxin Agriculture

In the company’s news Friday,

China Forestry Inc. announced that it has signed a letter of intent to acquire the landscape engineering and construction firm Shaan’Xi Province Gaoxin Agriculture and Animal Husbandry Development Holding Co., Ltd. The company, located in Xi’An City, Shaan’Xi Province, generated over RMB 81 million in revenue in 2008.

China Forestry feels that acquiring Goaxin will bring a weighty advantage in pursuing its mission to capitalize on the Chinese Government’s decision to promote sustainable forest management through land tenure. Goaxin provides landscape design, engineering, construction and maintenance services to a target market of universities, parks, municipal spaces, golf course, sports venues, gardens and highways; additionally, the company maintains a seedling nursery of over three thousand acres.

Mr. Yuan Tian, CEO of CHFY, commented, “Management has invested considerable energy and effort to identify an operating business that complements our timber investments. CHFY can provide Gaoxin with access to capital for further development of their seedling business and geographic expansion of their landscape engineering projects. Although the LOI is not legally binding, we see this as a win-win situation for two companies dedicated to the sustainable economic development of China’s environment.”

Mr. Tian continued, “Given the participation of international landscape architects on the Beijing Olympics and the recent international awards received by Chinese landscape projects, we feel this is a prized market with vast potential, and we greatly value Gaoxin’s experience in winning contracts in a thriving market complicated by the challenges of sustainable development.”

About QualityStocks

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net 

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.