CybeRelease: (OTC: FHAL) Signs Letter of Intent for Major Contract
(CybeRelease, June 14, 2006) - Lake Harmony, PA - The Fronthaul Group. (OTC BB: FHAL) announces it has signed an LOI to provide third party logistics for the Climate Exchange of the Americas, Inc.
The Climate Exchange of the Americas, Inc. (CEOTA) has entered into a Letter of Intent with The Fronthaul Group, Inc. for management and third party logistics over their exclusive Brazilian license to recover sunken logs from the Amazon River and its tributaries. “The Fronthaul Group’s specific area of responsibility could yield a potential of $1,500,000,000 in gross revenue. Conservative estimates project 2.6 billion board feet of easily recoverable first grade hardwood lumber under our initial phase of this contract,” says Gordon Brown, Director of CEOTA, a non-profit organization dedicated to the preservation of the rainforest.
The Fronthaul Group will arrange the complete third party logistics life cycle including but not limited to; arranging log retrieval and milling operations and developing export markets for the environmentally safe wood products.
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