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Rainforest Resources, Inc. Issues Statement of Non-Involvement and Comments on Recent Promotional Activity at the Request of OTC Markets


Microsoft Word - Rainforest Resources Press Release 06222021.docx

 

Miami, Florida, USA (June 23, 2021) - Rainforest Resources, Inc. (the “Company”) (OTCQB:RRIF), the agroforestry specialist and developer of sustainable carbon credits and innovative, rainforest-based community business, today announced that it has been made aware of and was requested by the OTC Markets Group Inc. (“OTC Markets”) to comment on recent third party promotional activity concerning its common stock.

 

On June 18th, 2021, OTC Markets furnished the Company with a copy of an article published on June 15, 2021 (the “Article”) by an entity calling itself The Daily Financial (the “Publisher”). The Company was unaware of the existence and contents of the Article until receiving a copy of it on June 18th.

 

In response to this request, and after conducting an internal inquiry of management, the Company can confirm that none of its officers, directors or control persons were involved, directly or indirectly, with the creation or distribution of the Article or the dissemination of any promotional materials; nor were they asked to provide or did provide any editorial content. Further, the Company contacted its relevant third-party service providers and can also confirm that none of these organizations were involved, directly or indirectly, with the creation or distribution of the Article; nor were they asked to provide or did provide any editorial content.

 

Also pursuant to OTC Markets’ request, after inquiry of its management, officers, directors, controlling shareholders and third-party service providers, the Company can confirm that no securities of the Company have been purchased or sold by any of these parties within the past 90 days.

 

Neither the Article nor the Publisher’s website contain any sourcing or disclosures other than the byline of a “Tim Kraimer” and a reference in the site’s Terms of Service indicating that it may be owned, controlled, or affiliated with an entity known as “realvaladvertising.com.” The Article appears to contain some basic factual information from the Company’s website and OTC Markets filings mixed with numerous false and/or misleading assertions and speculation concerning the upside potential of the Company’s stock in the near future. None of this information was supplied, reviewed, or evaluated by management of the Company. Investors interested in the Company should only evaluate their decisions based on filings on OTC Markets and other materials issued directly by the Company; no other statements reflect company views.

 

In the last 12 months, the Company has engaged one third party service provider, First Apex International, to advise and assist the company with branding and marketing materials and setting appointments between officers of the Company and potential investors.

 

Finally, the Company can confirm that it has not issued shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.

 

About Rainforest Resources Inc.

 

Rainforest Resources was established to mitigate global warming while making a positive impact on rainforest preservation. The Company pursues business segments that foster harmony with humankind and the surrounding environment, preserving that which is crucial to the overall health of our ecosystems while supporting local communities and their sustainability efforts. The company’s three business segments are comprised of carbon credit sales, bottled water production, and shade- grown coffee farming, all centered around a combined 58,000 acres of pristine Ecuadorean rainforest.

 

Forward-Looking Information

 

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate,” “believe,” “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risks associated with outstanding litigation, if any; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to U.S. shareholders.

 

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward- looking statements if these beliefs, estimates, and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

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