It's a very well planned idea. Returning something for society is always a superb goal. The strict quarantine and perfect care of endangered animals will also weed out the people wanting them without the respect or responsibility needed for them.
The only major problem is the releasing of animals into the wild. This is always a risky prospect for the released animals, as well as for the populations receiving this animal. The benifits only outway the risks when dealing with endangered animals and they are being released into protected habitats.
It will take a lot for one person to create such an organization. If going about it yourself (someone needs to take charge) I would suggest contacting large, well known and prolific herp breeders and create an executive for the society. With these people, the sphere of influence will be large and give the society some merit.
Another suggestion is instead of working with the Fish and Wildlife, you could propose that they themselves work the project. Either way, some sort of relationship would be needed to allow for the special permits needed to behold endangered species.

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