AZFL currently owns 90,108 acres of virgin Rain Forest (141 square miles), known as Fazenda Jatuarana, located in Amazonas, Brazil. The Fazenda Jatuarana is unencumbered by any debt, and has an appraised value of over $47 million US dollars, which has been audited under US GAAP accounting principles. The AMZO business strategy will include the harvesting and extraction of timber, both from the Fazenda Jatuarana and third-party land, and the production of qualitywood products such as lumber, flooring and decking, all while maintaining Sustainable Forest Management (SFM) practices, further described below, which are congruous with the preservation of the biodiverse Rain Forest land and its people.
***A purchase of rural forest property was made on June 6, 2014 for $589,918.95. A 3 year loan was signed in order to make the purchase. Estimated value of the inventory of timber located on this land is $3,597,477.00
***The company also signed a letter of intent to purchase a forest management plan in an area with over one million cubic meters of licensed timber. A $20 million 3 year loan will be obtained to purchase the management plan.
***The company signed a letter of intent to purchase a sawmill near the land that was recently purchased, in order to process the timber that it located on it. A $2 million dollar loan will be obtained in order to purchase the sawmill.
***AZFL also retains the original ECOSYS business plan and will pursue setting up a series of alternative fuel stations at existing gas stations along various freeways in the state of California.
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