Forterra 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,
"The development of this relationship follows months of product development and continued testing by our new customer of our worm castings and of blends of their products with ours," said
"We have shipped our first truck load of about 22 tons of worm castings to them. Future orders will depend on the sales success of its products using Forterra's worm castings. We have discussed a longer-term arrangement and this will depend on the market success of the products that are being sold with our worm castings," he continued.
"We believe that this is a big step forward for Forterra. We are tremendously excited that this national supplier is recognizing our product and that together we can offer its customers exceptional solutions for their nutrient needs,"
"We also are still expecting to be able to announce our first purchase order from the new customer that the company cited in its
About Forterra Environmental Corp.
Forterra manufactures, markets, and sells 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.
Forward-Looking Statements
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
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.
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For further information: Investor and Media Relations, Richard W. Wertheim, Wertheim + Company Inc., Email: [email protected], (416) 594-1600, (416) 518-8479 (cell)
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