Slow but steady in the right direction - NEWSForterra Environmental Ships Worm Castings to National Supplier
<< - First shipment made of 22 tons of castings - Customer initially listing three products featuring Forterra's worm castings - Longer-term arrangement subject to success of initial products >> PUSLINCH, ON, Oct. 1 /CNW/ - Forterra Environmental Corp. (TSXV: FTE), amanufacturer, marketer, and seller of premium organic soil-enrichment productsbased on worm castings, today announced that it has shipped 22 tons of wormcastings to a national supplier. The customer initially will be listing threeproducts using Forterra's worm castings for sales to the professional marketacross Canada. "The development of this relationship follows months of productdevelopment and continued testing by our new customer of our worm castings andof blends of their products with ours," said Rick Denyes, Forterra's presidentand chief operating officer. "We have shipped our first truck load of about 22 tons of worm castingsto them. Future orders will depend on the sales success of its products usingForterra's worm castings. We have discussed a longer-term arrangement and thiswill depend on the market success of the products that are being sold with ourworm castings," he continued. "We believe that this is a big step forward for Forterra. We aretremendously excited that this national supplier is recognizing our productand that together we can offer its customers exceptional solutions for theirnutrient needs," Mr. Denyes added. "We also are still expecting to be able to announce our first purchaseorder from the new customer that the company cited in its August 31, 2009 newsrelease announcing second-quarter financial results, from which Forterraexpects initial orders for the balance of the year for between $375,000 and$500,000 in the near future," Mr. Denyes said. About Forterra Environmental Corp. Forterra manufactures, markets, and sells environmentally friendly soilenhancers, using worm castings, which boost fertility while restoring the soilwith organic matter for sustainable, longer-term benefits, including strongerroot growth, and drought and pest resistance. Forterra products contain onlyorganic material. They are ideal for golf courses, sports fields, lawn care,parks, nurseries, orchards, and vineyards. Essentially, Forterra uses redwriggler worms to convert organic material into vermicompost or worm castings.Worm castings contain micronutrients, which are required for healthy plantdevelopment. Worm castings also contain microbes, which increase the rate atwhich plants take up available macronutrients and micronutrients. Furtherinformation is available on the company's website at www.forterra.com. Forward-Looking Statements This news release contains forward-looking statements based on currentexpectations. These forward-looking statements entail various risks anduncertainties that could cause actual results to differ materially from thosereflected in these forward-looking statements. Such statements are based oncurrent expectations, are subject to a number of uncertainties and risks, andactual results may differ materially from those contained in such statements.These uncertainties and risks include, but are not limited to, availability ofresources, competitive pressures, changes in market activity, the ability tosign contracts with customers, the development of markets for worm castings,its ability to breed and maintain a sufficiently large worm population, andregulatory requirements. Risks and uncertainties about Forterra's business aremore fully discussed in the company's disclosure materials, including itsannual information form and MD&A, filed with the securities regulatoryauthorities in Canada. Forterra assumes no obligation to update anyforward-looking statement or to update the reasons why actual results coulddiffer from such statements. << Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. >>