Company Press Release
SOURCE: Madera International, Inc.
Madera Announces March Lumber Shipments to Finalize the Best Fourth Quarter in Company History
CORAL GABLES, Fla., March 25 /PRNewswire/ -- Madera International, Inc. (OTC Bulletin Board: WOOD - news) announced today that the Company has loaded three vessels in Peru to complete lumber shipments for the final quarter of its 1998-1999 fiscal year, making this quarter the most profitable in Company history.
Madera International today disclosed the following lumber shipment loadings: 1.) The M/S Humbolt Express loaded 03/01/99, product destined to: Kingston, Jamaica; 2.) The M/V Nell Clement loaded on 03/10/99, product destined to: Dominican Republic; and 3.) The M/V Doris J loaded on 03/13/99, product destined for: Port Everglades, Florida. Revenues corresponding to these shipments will allow the Company to enjoy its most profitable quarter ever, these figures will be released upon filing of the audited financials and 10-KSB at the fourth quarter and fiscal years closing shortly after March 31st.
Ramiro Fernandez-Moris, CEO of WOOD, stated that ''the projections for the coming quarter provide a very promising and healthy outlook for the Company. Harvest and production levels for this season will provide us with the highest inventory level of stock being dried and re-manufactured for shipment this coming quarter, of any April on record. This evidence of a growing production, coupled with expected revenues from the sale of herbal supplements and tribal crafts through the Company's new web-site, should make for our strongest first quarter of any fiscal year thus far since our group took over management in 1996.''
Madera is a wood products company involved in the environmentally sound harvesting of tropical hardwoods and exportation of these products derived from Brazil and Peru into the U.S. and Caribbean markets. Madera also now manufactures a complete line of herbal dietary supplements made from 100% dry rainforest plant products and markets these with tribal crafts arts wares. These operations are outlined in the Company's web-site www.maderaintl.com. Madera's fully-owned subsidiary, Madera International Environmental, Inc. is active in a stewardship position in several programs dedicated to Helping To Preserve The Amazon Rainforest, these programs are described in the subsidiary's web-site @ www.replantatree.com and www.ownatree.com.
For further information, please contact Raymond Bary at the NIBAR Group, Inc. at 877-318-5457.
SOURCE: Madera International, Inc.
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