BOULDER, CO and QUEENSLAND, AUSTRALIA, Aug 16, 2010 - ECO2 Forests Inc. (US Stock Symbol: ECOF) has completed the acquisition of all of the outstanding shares in Active Investments Media Pty Ltd ("AIM"). The acquisition includes AIM's extensive media contracts.
The acquisition of Active Investment Media, which is intended to be operated as a wholly owned subsidiary, was completed to provide ECO2 Forests with expanded publicity as it moves forward with sweeping changes and planned expansion.
"ECO2 Forests has, to date, received a large proportion of our project leads and partnership opportunities via our online media presence. Our acquisition of Active Investments Media is intended to build on this trend and ensure our project production pipeline continues to grow beyond the 1.5 million acre of potential projects we currently have under various stages of negotiation," ECO2 Forests Interim CEO Martin Tindall said.
The acquisition has been finalized and is part of a series of recent measures implemented by the company to ensure a clearer direction and positioning for ECO2 Forests to take advantage of potential new opportunities. The media contracts are intended to be used to deliver greater awareness about the company, its projects and future products and to attract future joint venture partners to add to the current expanding portfolio of ECO2 Forests projects.
"A clearer focus on project outcomes and increased awareness about ECO2 Forests' projects are part of our ongoing efforts to ensure shareholder value by increasing our position in the sustainable forestation and carbon credit industries," Tindall said.
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