May 28, 2009
SHI Corporation (“the Company”), announced today that it has completed all the steps
necessary for the acquisition Ecoindex Co.,Ltd. (Japan). The transaction resulted in the shareholders
of Ecoindex becoming the controlling shareholders of the Company and coincided with the
appointment of new members of management. The transaction documents were executed in February
of this year and thereafter the Company entered a “quiet period” while certain corporate matters were
finalized.
SHI Corporation, through its operating subsidiary Ecoindex, is engaged in the business of
providing solutions to the myriad global warming issues. The Company has identified the Paulownia
tree as a natural and efficient consumer of damaging carbon dioxide gasses. The Paulownia is a
beautiful ancient Asian tree that can provide extraordinary hardwood for a variety of products. The
trees provide substantial shade and flowers in a wide range of soils and climates. They are extremely
fast growing and easily cultivated. The tree grows rapidly and reaches maturity in only four to six
years. When harvested, a new tree grows from the remaining stump, thus reducing the complex
issues related to replanting.
Mr. Yoshikazu Hatayama, President of SHI Corporation, stated: “We are very pleased to have
completed the transaction that allows investors world-wide to participate in the exciting business that we
are developing. Our forestation of Super Paulownia tree's will provide powerful solutions to the
growing damage and dangers of global warming. We believe that in the near future countries throughout
the world will recognize our company as the best authority for reducing GHG's emissions through
planting Paulownia trees.”
The Company will be making further announcements as it expands its operations.
Release Note: Except for historical information, all of the statements, expectations and assumptions
mentioned above are forward-looking statements. The realization of any or all of these
expectations are subject to a number of risks and uncertainties and it is possible that the assumptions
made may not materialize due to external influences that we cannot control.
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Further information about Super Paulownia.