Jan 07, 2005. /Lesprom Network/. FastForests, Inc. , which owns the worldwide rights to the SupaTree that grows 30 to 35 feet the first 12 months and is fully grown in 9 years and when cut down for lumber, the stump is not pulled out as new growth comes out of the stump to replenish the same tree for faster growth, has completed the acquisition of a 29 percent holding in Advanced Funds Management (Holdings) Ltd. (AFM(H)L), a Venture Capital Group in Queensland, Australia. AFM(H)L was formed in April 2003 and has invested A$2.5 million in the establishment of a Venture Capital Company and a registration under the Pooled Development Act of 1992. The company is able to take advantage of liberal tax concessions in returns on investments made in Australian companies. AFM(H)L has invested in two ongoing operations: Index, a self-storage facility on the outskirts of Brisbane, and Independent Liquor Group (Queensland) Pty. Ltd. FastForests Ltd. (Australian licensee) has several projects to introduce to this new Australian Group. Most importantly it will exercise its Australian and New Zealand exclusive license for the marketing of the SupaTree, a fast growth hardwood timber. Two projects ready to start involve development of a plantation in New Zealand and a second in the Northern Rivers region of New South Wales, Australia. The New Zealand investment will qualify for the tax concessions under the PDF Act, after making the required submission, due to the existence of a common economic community between Australia and New Zealand.