SHI Corporation Acquisition Completed
June 11 2009 - 5:11PM
Business Wire
SHI Corporation (�the Company�) (Pink Sheets:SHCC) announced
today that it has completed all the steps necessary for the
acquisition of Ecoindex Co. Ltd. (Japan). The transaction resulted
in the shareholders of Ecoindex becoming the controlling
shareholders of the Company and coincided with the appointment of
new members of management. The transaction documents were executed
in February of this year and thereafter the Company entered a
�quiet period� while certain corporate matters were finalized.
SHI Corporation, through its operating subsidiary Ecoindex, is
engaged in the business of providing solutions to the myriad global
warming issues. The Company has identified the Paulownia tree as a
natural and efficient consumer of damaging carbon dioxide gasses.
The Paulownia is a beautiful ancient Asian tree that can provide
extraordinary hardwood for a variety of products. The trees provide
substantial shade and flowers in a wide range of soils and
climates. They are extremely fast growing and easily cultivated.
The tree grows rapidly and reaches maturity in only four to six
years. When harvested, a new tree grows from the remaining stump,
thus reducing the complex issues related to replanting.
Mr. Yoshikazu Hatayama, President of SHI Corporation, stated:
�We are very pleased to have completed the transaction that allows
investors worldwide to participate in the exciting business we are
developing. Our forestation of a Super Paulownia tree will provide
powerful solutions to the growing damage and dangers of global
warming. We believe in the near future countries throughout the
world will recognize our company as the best authority in reducing
carbon dioxide gasses through forests of Paulownia trees.�
The Company will be making further
announcements as it expands its operations.
Release Note: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements. The realization of any or all of
these expectations is subject to a number of risks and
uncertainties and it is possible that the assumptions made by
management may not materialize.
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