At this time, Rainforest del Ecuador is pleased to announce the selection of the
validation/verification body for certifying its Climate, Community and Biodiversity (CCB) projects
to be registered with Verra. Verra’s Climate, Community and Biodiversity Program as well as its
Verified Carbon Standard Program, maintains strict standards and operating protocols regarding
the certification of GHG emission reduction projects, one of which requires project auditing by
independent third party experts. These third party independent certifiers must undergo review
and approval by Verra in order to operate as certifying agents, or validation/verification bodies
(known as VVBs) for Verified Carbon Standard (VCS) and Climate, Community and Biodiversity
(CCB) projects (see https://verra.org). Rainforest del Ecuador, after undertaking a careful
candidate selection and review process including interviews with these select auditors, has chosen
TUV NORD (https://www.tuev-nord.de/en/), a German company with an impressive record of
work around the world in the field of certification of greenhouse gas emissions reductions
projects. Rainforest del Ecuador is looking forward to its working relationship with TUV NORD and
confident of the benefits that this relationship will bring to the company, our forests, and the
communities we work with.
This Press Release contains certain forward-looking statements that are based on management’s
expectations, estimates, projections and assumptions. Words such as “expects” “anticipates”
“plans” “believes” “scheduled” “estimates” and variations of these words and similar expressions
are intended to identify forward-looking statements, which include but are not limited to
projections of revenues, earnings, segment performance, cash flows, contract awards, and stability.
Forward-looking statements are made pursuant to the safe harbour provisions of the Private
Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future
performance and involve certain risks and uncertainties, which are difficult to predict. Therefore,
actual future results and trends may differ materially from what is forecast in forward-looking
statements due to a variety of factors beyond the control of management. All forward-looking
statements speak only as of the date of this release, or, in the case of any documents incorporated
by reference, the date of that document. All subsequent written and oral forward-looking
statements attributable to the company or any person acting on the company’s behalf are qualified
by the cautionary statements in this section. The company does not undertake any obligation to
update or publicly release any revisions to forward looking statements to reflect events,
circumstances or changes in expectations after the date of this report.