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Forterra Environmental Corp FEVCF



GREY:FEVCF - Post by User

Comment by wurmsruson Aug 31, 2009 6:49pm
256 Views
Post# 16265589

RE: After the Bell Results are in....

RE: After the Bell Results are in....Ok, so they had a slow quarter - but again, they are a venture start-up and this summer has been cooler than normal. But look to the future - it looks bright...


.....
"Negotiations with major new customers have proceeded well and we expect that we will be receiving significant purchase orders that will generate additional sales and cash flow in 2009 and 2010. In particular, in late July 2009, one of these expected new customers informed Forterra in writing that it expects to place initial orders for deliveries beginning in September 2009 for between $375,000 and $500,000 of Forterra's worm castings. We expect to receive the first purchase order from them within the next few weeks. Trials with other potential regional and national customers are continuing and have proceeded very well and we continue to expect that this will lead to additional sales opportunities for Forterra in 2010 and future years.
...

GLA
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