July 29, 2009 (FinancialWire) (Investrend Research Syndicate) — Ernest C. Schlotter, a senior analyst with Zurich-based SISM Research and a four star analyst according to StarMine, has issued a 9-page initial report, rating and stock price target on bioenergy company Carbon Friendly Solutions, Inc., (TSX Venture: CFQ) (CDNX: CFQ.V) (OTC: CFQSF).

A complementary report is available for download via the Investrend Syndications website (http://www.investrendsyndications.net/resources/sism%20research/cfq). The full report includes important disclosures, disclaimers and analyst information. Investrend and the SISM Research both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker.  Investrend and the SISM Research both further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor’s total investigative process.

According to the report:

“Carbon Friendly Solutions, Inc., (CFS) is a Vancouver-based bioenergy company focused on becoming a leading supplier of bioenergy products that are cost effective, carbon neutral, and qualify for carbon credits. CFS intends to manage a carbon credit portfolio that is focused on reforestation, biomass, and bioenergy technology projects that are independently verified to globally recognized standards and methodologies. CFS already generates revenue from selling carbon credits and is aggressively moving forward by entering the biomass energy fuel products markets, thus benefiting from multiple sources of revenue. In April 2009, CFS signed a LOI to form a joint venture with a well-established forest products company, with operations in British Columbia, Washington, and Oregon. This strategic joint venture allows CFS to gain control of feedstock supplies. CFS will jointly operate the planed new wood waste recycling and bioenergy production facility with its JV-partner and use its industry experience and network to obtain reliable access to feedstock required to operate the facility. We expect the Company to sell 73,000 tons of bioenergy briquettes from wood waste materials in FY2011, ramping up to 250,000 tons by FY2015. Revenues are expected to grow from $14.5 million for FYE June 30, 2011 to $59.0 million by FYE 2015. The worldwide demand for alternative energy is likely to grow exponentially over the next few decades as a major worldwide impetus is provided to reduce depletion of natural resources, reduce dependence on foreign oil, and use carbon-neutral fuel.”

Analyst Ernest Schlottter also said, “The Company will have to raise a significant amount of cash to reach our forecasts. We believe Carbon Friendly Solutions is a compelling opportunity for risk-tolerant investors”.

SISM Research valued the stock using their Discounted Cash Flow method to arrive at a long-term (12-18 month) price target, reflecting forward P/E multiples of 27.4x for their average estimated FYE 2011 EPS and FYE 2012 EPS, respectively, as well as and an estimated FYE 2012 Price-to-Book Value multiple of 2.9.

About SISM Research:

SISM Research is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995.  SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges.  SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium, takes steps to ensure the independence and integrity of SISM’s published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting “Standards for Independent Research Providers”, which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies (http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf).

About The Investrend Research Syndicate:

The Investrend Research Syndicate, a proprietary entity of Investrend Communications, Inc., distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency.  The primary measure for determining those sources is the “Standards for Independent Research Providers”.

Disclosures:

SISM Research (”SISM”) was initially compensated a retainer of six thousand US dollars by Carbon Friendly Solutions, Inc. (”Carbon Friendly Solutions”, the “Company”) prior to SISM beginning work on Carbon Friendly Solutions’ initial report. As a member of the FIRST Research Consortium and in adherence to the Standards for Independent Research Providers (the “Standards”), SISM received payment in-full from Carbon Friendly Solutions prior to assigning or beginning any work on the pending report, and the analyst writing the report for SISM was also paid in-advance by SISM prior to undertaking the Carbon Friendly Solutions research assignment.

Carbon Friendly Solutions is also paying SISM a recurring fee of one thousand eight hundred fifty US dollars per month over the next to years to ensure ingoing coverage throughout that time period. Also is accordance with the Standards, the analyst writing SISM’s research on Carbon Friendly Solutions must have “non-conflicted access” to the Company’s management in order undertake any subsequent research on the Company, and therefore must receive compensation in-full from SISM prior to beginning work on any subsequent report(s) on the Company; furthermore, said analysts’ compensation must be allocated from fees paid to SISM by Carbon Friendly Solutions. Also pursuant to the Standards, and in order to avoid the appearance of pecuniary interest in the outcome of any report(s), the analyst writing Carbon Friendly Solutions’ research for SISM will not submit any report draft(s) or other in-progress research product(s) to Carbon Friendly Solutions without having been paid in-advance; and neither any final, published report nor any indication of any applicable valuation(s) or analyst rating(s) by the analyst writing for SISM, will be made available to Carbon Friendly Solutions prior to publication of any SISM report(s) on the Company.

SISM has paid Investrend Communications, Inc. (”Investrend”) a portion of SISM’s collected fees from Carbon Friendly Solutions for a “distribution and visibility” program, provided by the Investrend Research Syndicate (Div., Investrend) in support of SISM’s Carbon Friendly Solutions coverage.

“Safe Harbor” Statement:

The announcement used to derive the above article contained forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including statements regarding potential sales, the success of the company’s business, as well as statements that include the word “believe” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Carbon Friendly Solutions, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Carbon Friendly Solutions, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products and services, inability to deliver products and services when promised, inability of potential customers to pay for ordered products and services, and political and economic risks inherent in international trade.

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