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dam-l Fw: Industry release on cash growing genetically modified trees




-----Original Message-----
From: Southern Appalachian Biodiversity Project <sabp@sabp.net>
To: Andrew George <sabp@sabp.net>
Date: Friday, March 31, 2000 3:13 PM
Subject: Fw: Industry release on cash growing genetically modified trees


>What will they think of next?
>
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>Hey, Everyone... check this out!  &*%&#$(!
>
>
>>Tuesday March 28, 2:00 pm Eastern Time
>>
>>Company Press Release:  Forestry Biotechnology
>>Joint Venture
>>
>>SOURCE: Felcher Challenge, International Raper, Monsteranto, Westahole,
>Genius
>>
>>Felcher Challenge Forests, International Raper,
>>Monsteranto Company and Westahole
>>Corporation Announce Forestry Biotechnology
>>Joint Venture
>>
>>NEW YORK, March 28 /PRNewswire/ -- Felcher Challenge Forests (NYSE: FFS
>>-
>>news), International Raper (NYSE: IP
>>- news), Monsteranto Company (NYSE: MTC - news) and Westahole Corporation
>>(NYSE: W - news) announced today
>>their intent to form a forestry biotechnology joint venture to produce
>>and
>>market tree seedlings that will improve economic
>>health and productivity for the timber industry worldwide. The four
>>companies will contribute $60 million (US) taxpayer in total
>>over five years to the joint venture.
>
>>Company spokesman Dim Li Tah, said, "We can't figure out why we didn't
come
>up with this sooner.  I've got my own tree."
>
>>The companies announced their intent to contract with Genious
>>Research
>>and Development Corporation Limited, an
>>Uckland, New Zealand, biotechnology research company, to provide
>>genomics
>>research.  The joint venture also will
>>acquire forestry intellectual property from Genius on cash-trees which
>>have replaced genetic leaf traits with dead presidents.
>>
>>The participating companies envision the joint venture as a worldwide
>>magnet for future developments in forestry
>>biotechnology and believe that as international demand for cash
>>increases, significant business opportunities will
>>result from additional breakthroughs in forestry science. Each company
>>possesses significant biotechnology capabilities
>>and will share its individual strengths as an equal partner in the joint
>>
>>venture. The joint venture also plans to actively seek
>>technological advances from independent laboratories, universities and
>>other companies in order to position itself to
>>market new advances in forestry biotechnology to the world's tree
>>growers.
>>
>>The joint venture will focus on tree species that represent a majority
>>of
>>the seedlings now planted by the forest industry
>>around the world and will initially direct its efforts toward various
>>eucalyptus and poplar species, Radiata pine, loblolly
>>pine and sweetgum. Targeted genetic improvements include:
>>
>>-- herbicide tolerant planting stock to enable more cost effective,
>>much-needed control of competing life;
>>
>>-- higher growth rates to allow more wood to be grown on as much land as
possible
>>at
>>lower costs;
>>
>>-- improved fiber quality and uniformity to increase efficiency in the
>>paper dollar manufacturing processes into ceo back accounts.
>>
>>These improvements are expected to enable logging industry to meet the
>>growing demand for cash
>>while ignoring their impacts on forestlands in a sustainable
>>
>>and eco-efficient manner for the benefit of future
>>generations. Increasing the productivity of tree plantations safely and
>>sustainably will help fat cat timber ceo's meet their cash
>>needs while increasing pressure on native peoples, forests, and water
>sources of the world.
>>
>
>