"Its intellectual property, business model and management have
great potential to reshape the productivity, health and quality of our working
forests.researchandmarkets.

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Clark
brings a wealth of knowledge of forest finance and the use of technology to
improve returns in timberland investments," said CellFor President and Chief
Executive Tom Urban ."
Jonathan Malkin, Chairman of CellFor, noted, "Clark represents another
critical addition to the CellFor team.

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For more information visit
http://www.

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"CellFor will benefit from his experience as we expand
both our domestic and international business.

The Journal of Risk features:

* An expansive range of detailed papers providing all the latest
empirical research and analysis you need to further develop your
understanding of financial risk management.

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Binkley, who recently retired as Managing Director and Chief Investment
Officer for Hancock Timber Resources Group, is known for his leadership in the
development and growth of institutional investment in forestry around the
globe.com/cgi-bin/prnh/20040820/RESEARCH )
The Journal of Risk is a quarterly refereed journal devoted to innovative
theoretical and empirical studies in financial risk management.

* The latest innovations on theoretical and empirical studies in
financial risk management covering the management of market and credit
risk, capital allocation and volatility estimation.

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economist with over 150 publications to his credit, Binkley also had a
distinguished academic career as Professor of Forestry at Yale University and
as Dean of Forestry at the University of British Columbia. His knowledge of the timberland
financial investor universe is exceptional.S.

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D. The
company has produced and planted over 5 million elite conifer seedlings in the
southern U.com
Fax: +353 1 4100 980

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Headquartered in Vancouver, B.

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com/reports/c13827

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.

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Clark
Binkley has joined its Board of Directors."
"CellFor has combined its tissue culture technology with a high throughput
production system and a product pipeline of high-value varietal seedlings,"
said Binkley.

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DUBLIN, Ireland, Research and Markets
Research and Markets (http://www.researchandmarkets.

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CellFor's elite seedling varieties help
landowners significantly improve forest productivity and profitability.

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CellFor Names Clark Binkley to Board

More recently, he led Hancock's efforts to raise more than $2 billion
for forestland investment in the U.

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* Analytical aspects of option pricing and hedging including empirical
models of interest rates and asset prices.

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Binkley is joining the CellFor Board.C.

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com/reports /c13827) has
announced the addition of The Journal of Risk to their offering.newscom.

As the only publication devoted exclusively to theoretical and empirical
studies in financial risk management , The Journal of Risk provides unique
access to the latest thinking from the best minds in this rapidly evolving
field, making it essential reading for anyone with an interest in this area.

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S., CellFor has U.
(Logo: http://www.
As an individual subscriber you will additionally, during the period of
your subscription, have online access to the full text of every article ever
published in the history of the journal.

* Regulatory and accounting reporting of financial risks .

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Former Hancock Executive and Academic Pioneered Institutional Investment in
Timberland

VANCOUVER, British Columbia, CellFor, the
Vancouver-based forest technology company, announced today that Dr. A Ph.
"We are very excited that Dr. offices in Georgia ,
Arkansas and North Carolina.

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I am looking forward to helping guide CellFor's growth.

karel pinto

, Canada and Australasia. The shift in ownership of
timberland from industry to institutional investment will continue to
accelerate and Clark will help CellFor to understand and effectively address
this important market segment.

karel hiroshima

mody jenter

"
CellFor is the world's only commercial supplier of somatic embryo-derived
conifer seed for reforestation ., Canada, Chile, New Zealand and Australia, and currently has the
more than 2,900 varieties of varieties in field trials.
CellFor's major institutional investors are ATP Capital, CSFB Private
Equity , GrowthWorks Capital, and the Business Development Bank of Canada.

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