IR-Med Inc. (IRME)

[insideinfo80]

ECO2 Forests Inc. to acquire controlling interest in Forest Guard Inc. to add avoided deforestation projects to portfolio


SACRAMENTO, CA, XX January 2010 – ECO2 Forests Inc. (US Stock Symbol: ECOF), an international sustainable forestry company focused on reforestation and carbon sequestration projects, announced today that it has entered into an agreement to acquire controlling interest in Forest Guard Inc to add Avoided Deforestation to its project portfolio.

Following the acquisition, ECO2 Forest Guard intends to generate revenue from the existing projects of Forest Guard Inc in Mexico and Brazil of as well as from other targeted projects that the company is now reviewing.

Collie Christensen, ECO2 Forests CEO, stated, “Acquiring Forest Guard is a significant and decisive transaction in the growth of ECO2. We expect it will further strengthen our position in the highly lucrative carbon trading market as well as provide traction within the REDD (Reduce Emissions from Deforestation and Degradation) scheme agreed to by all countries in Copenhagen 2009.”

The controlling interest affords ECO2 Forests Inc. the ability toSave and Rebuild forests for the future. Growing new forests through creating new forest afforestation projects, rebuilding damaged and logged forests through reforestation and saving existing forests with avoided deforestation projects.

Providing tropical rainforest investment origination, land acquisition/land use rights and project development, Forest Guard currently offers verification and trading of carbon credits and ongoing property management. The expansion is a strategic move for ECO2 allowing the Company to combine their established Reforestation and Afforestation projects with Avoided Deforestation projects worldwide.



“The addition of Forest Guard to our strategic plan allows us to develop carbon markets that will help channel our financial position towards cost-effective ways of reducing greenhouse gas emissionsthrough aoiding deforestation and through the ongoing sequestration.. ECO2 indends to continue to expand its portfolio of environmentally focused forest projects.- I look forward to working together on new ventures.” Said Christensen, CEO

Andre Mech, Director, Forest Guard Inc notes, “We are delighted to be on board and bring additional resources to the ECO2 team. Committed to reducing greenhouse gas emissions that result from the deforestation of standing forests, we believe that rainforests left in place are extremely valuable and important mankind. Under the ECO2 banner, we plan to search and purchase tropical rainforests that are under land use pressure and rich in biodiversity so as to develop numerous carbon markets for ECO2.”


About ECO2 Forests Inc.
ECO2 Forest Inc. (US Stock Symbol: ECOF) is an international sustainable forestry company focused on reforestation projects under our Global Forestry Plan for a positive environmental and economic impact through large scale bio-sequestration of carbon dioxide greenhouse gases, the generating of carbon credits for resale and the eventual growth and sale of sustainable timber to global markets.

In Management’s view, our focus on proprietarily developed intellectual property regarding Kiri tree reforestation positions the Company well to take advantage of the emerging demand for renewable forests and the escalating carbon credit market.

Headquartered in Sacramento, California, the Company has adopted an 'E4 Philosophy' to achieve positive Environmental, Economic, Employment and Educational outcomes through its reforestation projects.

For more information please visit www.eco2forests.com<http://www.eco2forests.com><http://www.eco2forests.com>;.