Amazonas Florestal Ltd. Announced Today That The Company's Wholly
Owned Subsidiary, Amazon Hemp, will not be implementing a reverse
stock split during 2017, and Further Announces Update on Hemp
Plantations in Colorado
MIAMI, FL--(NewMediaWire - Jul 24, 2017) - Amazonas Florestal,
Ltd. ("Amazonas Florestal" or the "company") (OTC PINK: AZFL),
a premier provider and innovator of natural resources products,
certification and sales of carbon credits, sustainable forest
management resources and related services, as well as a pioneer to
the development and enhancement of the evolving and legal
Industrial CBD Hemp business, announced that AZFL
will NOT be implementing a
reverse stock split during 2017.
AZFL main focus is in the long term success of the company and
their shareholders, it is important to the AZFL family to implement
the right strategies and to take the necessary steps to accomplish
that goal. Starting by assuring the shareholders that AZFL does not
plan nor implement a reverse stock split in the next upcoming
years. The company understands the tremendous value shareholders
bring to support the success of AZFL; therefore, AZFL will go above
and beyond to bring shareholders value.
As part of this current strategy, the company's board is
studying the possibility to buyback company's shares and pay back
part of the debt once the proceedings and profits from the Hemp
plantations in Colorado are available.
In addition, AZFL has negotiated with note-holders to
temporarily freeze selling debt notes up until after harvesting
time late October 2017.
Hemp Plantation Update:
As of today, we are on our 67th day out of 110 days of production,
putting the project at a 61% completion.
Ricardo Cortez -- Chairman:
"We have three (3) major announcements that we are excited to share
with our shareholders (above). AZFL is aware of the value that the
company could potentially bring to our shareholders in the near
future once revenues are reported; therefore, we are to avoid any
further damage to the shareholders value at this time. Stay tuned
for further important updates!"
About Amazonas Florestal Ltd.
Amazonas Florestal Ltd. is a natural resources company dedicated to
innovative, sustainable management of large tracts of land in the
rainforests of Amazonas, Brazil, that include the certification and
sale of carbon credits and the growth, harvesting, research and
development of Industrial Hemp and related products in the U.S.
Headquartered in Miami, FL, Amazonas's goal is to become a
leader in sustainable forest management and preservation, creating
revenue while protecting the biodiversity of the rainforest
ecosystem and enhancing the lives of the people who live in it.
Through a strategy of selective harvesting, certification and sale
of carbon, biomass and biofuel production, and conservation
incentives, Amazonas Florestal Ltd. intends to help protect one of
the world's greatest natural resources and show how its
preservation can be a profitable activity. Visit the Company
at: www.azflusa.com
Forward Looking Statements
Forward-looking statements in this release regarding Amazonas
Florestal Ltd. are made pursuant to the "Safe Harbor" provisions of
the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance
of the Company's products, increased levels of competition, new
products and technological changes, the Company's dependence upon
third-party suppliers, intellectual property rights, and other
risks detailed from time to time in the company's periodic reports
filed with the Securities and Exchange Commission.
