Toronto, Ontario - July 30th, 2008 - Forterra Environmental Corp. (TSX VENTURE:FTE), an emerging leader in the production and sale of premium organic soil-enrichment
products based on worm castings, today announced that its Board of Directors
has granted an additional 100,000 incentive stock options to its Chairman and
Chief Executive Officer, Donald Green.
The options are exercisable for $0.15 each and will expire on July 9,
2013. One-half of the options will vest on January 9, 2009 and the balance
will vest on or before July 9, 2009.
About Forterra Environmental Corp.
Forterra manufactures and markets powerful and 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. Forterra produces commercial
quantities of premium worm castings year round at its Toronto plant.
Essentially, Forterra uses red wriggler worms to convert organic waste 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information:
Richard W. Wertheim
Wertheim + Company Inc.
Email: wertheim(at)wertheim.ca
Phone:
(416) 594-1600, (416) 518-8479 (cell)
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