BluForest Inc. to acquire PROFOCO

Oct 19, 2012. /Lesprom Network/. BluForest Inc. has signed a Letter of Intent on October 8th, 2012 entering into discussions to consider the acquisition of UK based PROFOCO (Protection of Forests and Conservation), as the company said in the press release received by Lesprom Network. This prospective acquisition shows the promise of adding significant growth over time, highlighted by substantial increases to revenue and operating income within its second year of combined operations. Charlie Miller, CEO of BluForest said: "The joining of forces between BluForest and PROFOCO provides the potential to reach a new level of operations and fits very well with our strategic vision for BluForest." PROFOCO is creating a new brand identity called 'Green Squares' which allows organizations to clearly and fully engage in saving endangered rainforests whilst developing their core businesses. 'Green Squares' will provide a simple and compelling customer loyalty programme using a unique proprietary software solution. BluForest Inc. is a development stage company that is a publically traded carbon offsets marketing and renewable energy company. BLUF is executing its strategy to become a leading marketer of carbon offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+).