Prima Colombia Hardwood announced executive change

Jul 27, 2012. /Lesprom Network/. Prima Colombia Hardwood Inc. announces that Harold Hayes, Chief Operating Officer (COO), will assume the additional duties of Acting CFO. Mr. Harold Hayes replaces Mr. Canon Fung who left his position on July 10, 2012 pursuant to the ongoing effort to reduce monthly cash requirements in accordance with the press release issued on December 21, 2011. Mr. Harold Hayes will continue to carry out the duties of COO, as the company said in the press release received by Lesprom Network. The Company continues to fund this ongoing delay in the issuance of permits through the sale of assets. Since June 26, 2012, the Company has successfully completed the sale of a barge for net proceeds of $208,000. The Company will continue to actively market its remaining fixed assets until such time as the permits are issued. At the current time, the Company has sufficient funds to maintain the permitting process through September. Prima Colombia Hardwood Inc. is a Canadian based forest products company focused on international tropical hardwood timber development, production and marketing. Prima’s initial operations are located near Bahia Solano, Department of Choco on the west coast of the Republic of Colombia. All Prima forestry concessions are intended to be operated following the highest standards of sustainable forestry and environmental management.