forestindustries.com
e-business solutions for the worldwide forest industry
NEWS RELEASE
FORESTINDUSTRY.COM SIGNS LETTER OF INTENT TO BUY CROW'S
Vancouver, BC August 22, 2000 - forestindustry.com, Inc. (OTC BB: FXCH), a
Business to Business forest industry dedicated portal, is pleased to announce
the signing of a Letter of Intent (LOI) to purchase C.C.Crow Publication, Inc.
(Crow's) of Portland, Oregon.
Established in1921, Crow Publications in Portland, Oregon is the oldest market
reporter in the nation's softwood industry. Crow's has a long standing
established subscriber base for their seven weekly market reports, such as,
Crow's Weekly Market Report of Lumber and Panel Prices, that is made available
in either an on-line or mailed format. Crow's also publishes, monthly, Crow's
Forest Industry Journal, a full-color trade journal directed toward the major
issues facing the industry. Additional Crow's information can be viewed on their
web site at http://www.crows.com/.
"We are extremely pleased with the confidence Mr. Frank Vetorino, President of
C.C. Crow Publications, Inc., has in our ability to continue the Crow's legacy",
said Joe Perraton, President of forestindustry.com, "forestindustry management
is looking forward to not only being able to supply the crucial data required
for the forest sector decision makers but also growing the Crow's publication,
including its' on-line presence," said Perraton.
"Forestindustry.com has effectively demonstrated their commitment and dedication
to serving the forest industry and building a strong and vibrant business. We
are proud to be a part of a company that is leading the forest industry in
information age," said Frank Vetorino, President of Crow's publications.
Forestindustry will be participating in The International Woodworking Machinery
& Furniture Supply Fair - USA(R) trade show (IWF 2000) in Atlanta, Georgia
(booth #B114) on August 24th through the 27th. The IWF is a biennial trade show,
held in even numbered years in Atlanta, serving visitors from large production
companies to small professional shops in the wood residential and contract
furniture; cabinetry; upholstery; architectural woodwork; stock millwork; store
fixtures; plastics fabricating; solid surface; metalworking applications for
furniture manufacturing and general and specialty woodworking industries. More
than 700,000 net square feet of exhibits will showcase more than 1,200 companies
from around the world. For a link to the IWF 2000 site please go to
http://www.iwf2000.com/.
forestindustry.com is a leading forest industry dedicated vertical community on
the Internet. With a highly skilled team of e-business and forestry
professionals, forestindustry.com has created an e-focused marketplace with the
goal of streamlining the century old forest industry. forestindustry.com
provides an online B2B website for the highly fragmented global forest industry.
For more information please contact:
Todd Hilditch, Vice President Corporate Relations
Tel:1-800-615-3924
Email: [email protected]:
www.forestindustry.comThis release includes statements that may constitute
forward-looking statements pursuant to the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. Although forestindustry.com believes
the expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurance that its expectations will be
met.
