PUSLINCH, ON, May 19 /CNW/ - Forterra Environmental Corp. (TSX-V: FTE-V),
an emerging leader in the production and sale of premium organic
soil-enrichment products based on worm castings, today announced that it has
received its first order for worm castings from Lambert Peat Moss Inc.
Lambert Peat Moss, founded in 1928 and based in Rivere-Ouelle, Quebec, is
one of three major peat moss and horticultural peat mix producers in North
"Lambert's initial order is for 12 totes (approximately 12,000 pounds) of
worm castings, which it will be using for blending with its peat moss products
to determine the most effective mixes for its customers," said Rick Denyes,
Forterra's president and chief operating officer.
"We understand that Lambert initially intends to use Forterra's worm
castings in its rose shrub and tree mix products that it sells in the U.S.
retail market, as well as in other mixes for greenhouse growers. Developing a
relationship with Lambert will open up new market opportunities for Forterra.
For example, this will be the first time that Forterra's product is included
in mixes sold to retail customers in the United States. As previously
disclosed, we also have sold product to a number of other major national and
regional service companies and manufacturers of finished product. These
companies are currently carrying out trials that will last for some months and
that we hope will lead to orders that most likely would mainly begin in 2010,"
said Mr. Denyes.
"We understand that once Lambert has tested and determined the mixes that
it will market, the company intends to place additional orders in 2009 for
Forterra's worm castings. We are pleased that our discussions with Lambert
have led to this order, which we are hopeful is the beginning of a long-term,
mutually beneficial relationship," said Mr. Denyes.
"For more than 90 years, Lambert's success has been based on providing
professional and amateur growers with quality products that meet their growing
requirements," said Eric Blondeau, B.Sc.A., Laboratory Manager for Lambert.
"We have a history of developing new products that offered enhanced
capabilities or meet new needs that our customers have brought to us. This
includes the growing demand for environmentally friendly, organic soil
enrichment products for which we will be using Forterra's worm castings."
About Lambert Peat Moss Inc.
Lambert Peat Moss, founded in 1928, is now being operated by the fourth
generation of the Lambert family and continues to be based at its original
location at Rivere-Ouelle, Quebec, along the south shore of the St. Lawrence
river. From this location, Lambert has expanded to several other peat bogs
along the North shore and near Lake St. John. Lambert offers numerous lines of
Professional Growing Mixes and retail Potting Mixes, as well as select types
of premium peat moss. Lambert is one of three major peat moss and
horticultural peat mix producers in North America, selling directly and
through distributors throughout Canada, the United States, and Mexico, and
also is able to export via container shipments around the world. More
information may be obtained at the company's website: www.lambertpeatmoss.com.
About Forterra Environmental Corp.
Forterra manufactures and markets environmentally friendly soil
enhancers, using worm castings, which boost fertility while restoring the soil
with organic matter for sustainable, longer-term benefits, including stronger
root growth, and drought and pest resistance. Forterra products contain only
organic material. They are ideal for golf courses, sports fields, lawn care,
parks, nurseries, orchards, and vineyards. Essentially, Forterra uses red
wriggler worms to convert organic material into vermicompost or worm castings.
Worm castings contain micronutrients, which are required for healthy plant
development. Worm castings also contain microbes, which increase the rate at
which plants take up available macronutrients and micronutrients. Further
information is available on the company's website at www.forterra.com.
This news release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from those
reflected in these forward-looking statements. Such statements are based on
current expectations, are subject to a number of uncertainties and risks, and
actual results may differ materially from those contained in such statements.
These uncertainties and risks include, but are not limited to, availability of
resources, competitive pressures, changes in market activity, the ability to
sign contracts with customers, the development of markets for worm castings,
its ability to breed and maintain a sufficiently large worm population, and
regulatory requirements. Risks and uncertainties about Forterra's business are
more fully discussed in the company's disclosure materials, including its
annual information form and MD&A, filed with the securities regulatory
authorities in Canada. Forterra assumes no obligation to update any
forward-looking statement or to update the reasons why actual results could
differ 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
For further information:
For further information: Investor and Media Relations, Richard W.
Wertheim, Wertheim + Company Inc., Email: email@example.com, (416)
594-1600, (416) 518-8479 (cell)