Daleco Resources Sustainable Forest Industries Inc. Launches U.S. Sales and Marketing.WAYNE, Pa.--(BUSINESS WIRE)--Nov. 17, 1997--Gary J. Novinskie, chairman of Sustainable Forest Industries Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Daleco Resources Corp., Wayne, Pa. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DLOV), announced Monday that the company signed a joint marketing and distribution agreement with Quality Forest Products Inc., Enfield, N.C. The agreement is designed to augment the company's ongoing efforts to introduce its tropical hardwoods into the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and international markets. Novinskie also reported that, in addition to the signing of the Quality agreement, the company has received its initial U.S. purchase order for its Guyana hardwood products. Sustainable's President John W. Ryan stated that the initial purchase order was received from BORO Lumber Co. of Maspeth, N.Y. for marine pilings which are being offered as part of the company's HeartDex line of environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] marine construction products. He added that the HeartDex line also includes other hardwood products specifically targeted for industrial uses as well as the commercial and residential construction markets. The penetration of these market segments will be accelerated through the company's association with successful companies such as Quality Forest Products. Sustainable Forest Industries currently holds the rights to roughly 6,000 acres of Tropical Hardwoods in Guyana, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. which should sustain its operations into the next century. Based on independent assessments, Sustainable's holding have an estimated "in-the-stand" gross value on the order of $20 million. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-looking statements: Except for historical information contained herein, the statements of this press release are forward-looking statements that are made pursuant in the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , imprecision in estimating product reserves and the company's ability to replace and expand its holdings. CONTACT: Daleco Resource Corp. Gary J. Novinskie, 610/254-4199 John W. Ryan, 516/757-4583 |
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