March 12, 2008

Bangor, ME – Prentiss & Carlisle president Donald P. White today announced that the 85-year-old forest resource management firm will oversee 100,000 acres of Wisconsin timberland recently purchased from Plum Creek Timber Company by an investment fund managed by The Forestland Group (TFG).

According to White, Prentiss & Carlisle (P&C) now manages 1,550,000 acres of timberland throughout the United States and Canada.

"P&C has a strong relationship with The Forestland Group, and we look forward to helping its investors maximize their return from these timberlands – and to showcasing our sustainable forest management expertise," said P&C vice president Sam Radcliffe, who heads the firm's Wisconsin and Michigan field offices.

"We are pleased about expanding the forest management relationship between The Forestland Group and Prentiss & Carlisle to include Wisconsin along with Michigan and Maine," said TFG's managing director Chris Zinkhan. "We selected P&C because of their professionalism, their dedication to sustainability, their ability to execute forest management plans, and their broad knowledge of timber markets."

Prentiss & Carlisle is an 85-year-old forest resource management firm with offices in Maine, Wisconsin, and Michigan. The firm manages 1,550,000 acres of timberland in the US and Canada, and recently received certification from Scientific Certification Systems (SCS), a Forest Stewardship Council-accredited auditing firm, for responsible stewardship of 748,000 acres of Maine forestland.

The Forestland Group is the largest private owner of hardwood timberlands in the United States. The company controls almost three million acres of timberland in the US, Canada, and Latin America. TFG was the first TIMO in the world to have its entire portfolio Forest Stewardship Council certified.