FastForests, Inc.: $120,000,000 in Revenue From New Agreement BOCA RATON, Fla., April 7 /PRNewswire-FirstCall/ -- FastForests, Inc. (OTC:FSFR), in conjunction with its Australian partner Panpacific Development Funds Limited, has secured licenses to market worldwide up to 27 new varieties of fast-growing hardwood trees. As part of the agreement FastForests will be developing nursery facilities on a global basis capable of supplying and delivering per nursery, between 250,000 and 500,000 disease-free infant plants per month to meet the current marketplace demands. During the financial year of 2005 through 2006, FastForests believes additional revenues of $120,000,000 can be realized as a result of the license for nursery developments globally. The FastForests, Inc. Board of Directors has just approved a name change by way of a resolution; it was resolved that the new name, Energy and Asset Technology, Inc., is to replace the corporate name of FastForests, Inc. A new stock symbol will also be made available to reflect the name change shortly. A new tree subsidiary is to be incorporated and will be known as Global Cedar Inc., a division of Energy and Asset Technology, Inc. Contact: FastForests, Inc. George McMillan U.S.: 561-620-4949 Australia: 617-5570-4500 The information contained herein is based on sources we believe to be reliable, but there is no guarantee that it is accurate or all-inclusive. It is not to be construed as an offer or the solicitation of an offer to buy or sell the securities mentioned herein. The opinions reflect the judgment of the author at this date and are subject to change without notice. This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: FastForests, Inc. CONTACT: George McMillan, FastForests, Inc., , U.S.: +1-561-620-4949, Australia: 617-5570-4500

Copyright