re: Ann: Joint Project Funding and Developmen... Positive...

re: Ann: Joint Project Funding and Developmen... Positive Announcement probably saving Malaysian Rainforest?
They needed to do this to create the Carbon Credits.
"The developer’s projects cover a range of industries, technologies and countries. The
Parties initial focus is on projects for the development of forestry carbon credits from
rainforests, with forecast project lives well in excess of 20 years.
The first of these projects is expected to be completed by March 2010 and, based on
current pricing for the project rights, give m2v an annual income stream of approx
$0.8 million. Additional revenue may also be available in the first year from retrospective
application. The annual income stream will be approved for five years, with further
extension subject to on-going compliance. Initial sales will also repay all funds
advanced. The parties expect to apply these repayments through the revolving facility, to
additional projects which will be concluded progressively every 60-90 days, building a
book of projects with a forecast annual yield in excess of $4 million by December 2010.
Completing the initial project will create a modular template for future forestry projects,
significantly expediting the time to develop them and the likelihood of successful
outcomes.

DYOR