Oct 15, 2008. /Lesprom.com/. China Forestry Inc., a timber investment group in the People's Republic of China, today announced a revised business strategy to focus on acquiring forest user right certificates instead of its previously announced plans to build manufacturing facilities for wood and paper production. In conjunction with this new acquisition focus, the company has also decided to implement a more conservative timber harvesting strategy to reflect its decision to delay building timber consuming manufacturing capacity. Commenting on the Company's revised focus on acquiring additional forest user right certificates, Mr. Yuan Tian, CEO of China Forestry Inc., stated, "Our Board of Directors has unanimously agreed that the current economic conditions create a unique opportunity for our company to grow through acquisition. Long-term, we are confident that demand for timber in China will create manufacturing opportunities for our Company.'' "But given the uncertainty in the global markets for construction and furniture, the Chinese Government's emphasis on promoting sustainable forest management through land tenure reforms, and China's urbanization trends that indicate an increasing migration of owners of forest user right certificates into the cities, we feel that now is the time to focus on timber aggregation through acquisition of forest user right certificates.'' "Our near-term strategy going forward will also include implementing a timber harvesting strategy to fund internal operations, namely our marketing program to acquire forest user right certificates and to utilize our U.S. listing as a vehicle to fund our acquisition strategy,'' said Tian.