Forest Resources Management Corp: Now Trading Under a New Symbol: FTRM
Posted on: Tuesday, 5 September 2006, 18:00 CDT
Forest Resources Management Corp. (PINKSHEETS: FTRM) announced today that it had begun trading under its new symbol FTRM.
Chaim Justman, President of Forest Resources, states, "Forest Resources Corp. has completed its reorganization, and is poised to move forward with its targeted acquisition of Opus Asset MGT Group."
Forest Resources has entered into agreement to acquire all of the outstanding shares of Opus Asset MGT Group in exchange for 20 million restricted shares of our company.
Opus Asset MGT Group is a leader in harvesting hardwoods located in Central and South America. Since Opus's commencement of business in 2003 it has successfully acquired over 1.5 million acres of property in Central and South America. The agreements include timber and mineral rights with an estimated value in excess of 500 million dollars on timber rights alone.
About Forest Resources MGT Corp.
Forest Resources MGT Corp. is a publicly traded company, which owns exclusive development rights in the country of Nicaragua for the development of both timber and minerals on a property of over 1.5 million acres.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates,""believes,""could,""expects,""intends,""may,""should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Paul Price Forest Resources MGT Corp. Tel: 561-909-9638 Website : www.forestmanagementcorp.com Email : pprice@forestmanagementcorp.com
SOURCE: Forest Resources Management Corp.
Source: MARKET WIRE
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User Comments (1)
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Posted by Charles tanner on 11/24/2006, 14:28 Someone sent me email to buy your stock they said the stock will go up 700% in short term. I think you people need to think about what people are saying about you to move a stock price. I do not want any FU-KEN email telling me I should buy this stock. Tell your people to take me of there F-CKEN list right now. |
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