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News today: Forest Resources Management Announces Acquisition of

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BUBBA Member Level  Thursday, 09/07/06 11:39:01 PM
Re: FASTIMES post# 3
Post # of 36 
News today: Forest Resources Management Announces Acquisition of Opus Asset MGT Group
Forest Resources Management Corp. (PINKSHEETS: FTRM) announced today that it had acquired 100% of the shares of Opus Asset Management Group in exchange for 20 million restricted shares of Forest Resources Management Corp.

Chaim Justman, President of Forest Resources, states, "The acquisition of Opus Asset MGT Group is significant for the shareholders, and will add significant value to the company. This is the first in a number of targeted acquisitions that Forest Management Corp has planned for the next 12 months."

Opus Asset MGT Group through its subsidiaries currently has over 1.5 million acres of property in Central and South America, which they have been harvesting since commencement of operations in February 2006. The first quarter of operations has generated approximately 27 million dollars in gross revenue. During the next two quarters, Opus will continue to expand its harvesting operations as well as mobilize additional heavy equipment into the area .We therefore believe the revenue in the next 2 quarters will be substantially higher.

Opus Asset MGT Group's core business is the harvesting of hardwoods such as Mahogany, Bloodwood and Ziricote, among others, whose primary market is the flooring business estimated at 15 billion dollars a year. Opus also acts as a broker in the region for other lumber companies in the Central and South America area.

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.



Source: Market Wire (September 7, 2006 - 3:15 PM EST)



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