ECO2 acquires Forest Guard Inc.

ECO2 Forests Inc. announced on 1 February that it had entered into an agreement to acquire controlling interest in certain projects of Forest Guard Inc., a privately held company specializing in for profit REDD projects. ECO2 intends to realize revenue from the sale of carbon credits generated by the development stage and future projects of Forest Guard Inc. in Mexico and Brazil as well as from other projects that the company is now reviewing.

Collie Christensen, ECO2 Forests CEO, stated, "Acquiring Forest Guard is a significant and decisive transaction in the growth of ECO2. We expect it will further strengthen our position in the highly lucrative carbon trading market as well as provide traction within the REDD (Reduce Emissions from Deforestation and Degradation) scheme agreed to in Copenhagen 2009."

Forest Guard offers services related to tropical rainforest investment origination, land acquisition, land use rights, project development, ongoing property management, and verification and trading of carbon credits. The expansion is a strategic move for ECO2 Forests, allowing the Company to combine its already established Reforestation and Afforestation projects with REDD projects worldwide.