|
Toronto, Ontario, May 21 2008 - Forterra Environmental Corp.
(TSX VENTURE:FTE), a producer of premium organic soil enrichment products based
on worm castings, today announced the appointments of Richard Denyes as
President and Chief Operating Officer and Bruce Bent as Chief Financial Officer.
Mr. Denyes has spent his career in the waste management and recycling industry.
He joins Forterra from GSI Environment Inc., where he was Vice-President,
Ontario and Western Canada responsible for overseeing the management of organic
waste contracts and other operations for those regions. GSI, a unit of EnGlobe
Corp., has specialized for more than 20 years in research, development, and
implementation of organic waste management programs. Mr. Denyes began his
career with Laidlaw Waste Systems, where he held several sales positions.
Subsequently, prior to joining GSI in 2007, he held management positions with a
number of organizations, including Halton Recycling Ltd., City Compactor Inc.,
Wasteco in Toronto and Guelph, Ontario, and Capital Environmental Resource Inc.
Mr. Bent, a Forterra director, has been serving as Chair of the Board's Audit
Committee. Mr. Bent is a Chartered Accountant and currently serves as
Vice-President of Finance at MSW Developments Limited, a full-service
development company, where he oversees all legal, accounting, operational, and
structural issues. MSW controls more than $90 million of real estate, and is
responsible for more than $1 billion of construction. Mr. Bent is a director of
Nordex Explosives Ltd./Les Explosives Nordex Ltee., a TSX Venture Exchange
listed company.
The company also announced that Stanley Sajnovic, an executive with more than
20 years of agricultural management experience, is appointed as plant manager
at its Toronto (Downsview) production plant. Mr. Sajnovic previously was the
Vice-President of Operations at Stanrika Farms, where during a more than
20-year career at the company, he initiated the process that made Stanrika
Farms the only large-scale commercial producer of all natural turkeys in North
America. Mr. Sajnovic also served as Production Manager for Stanrika Farms. He
is a graduate of the Advanced Agricultural Leadership Program at the University
of Guelph.
Forterra's former President, Gary Gould, and former CFO and plant manager,
Scott Gareau, have left the company. "We appreciate the roles that Gary and
Scott played during Forterra's start-up period, seeing the company establish
our manufacturing capabilities and leading us into commercial production," said
Forterra's Chairman and Chief Executive Officer, Don Green.
"As Forterra moves forward with our plans to expand production and sales, we
are pleased to have strengthened our management team with executives of the
caliber of Richard Denyes, Bruce Bent, and Stan Sajnovic, each of whom brings
to the company experience and skills that we expect will prove valuable in
executing our growth strategies," he said.
"It is always exciting to be joining a company, such as Forterra, at a time
when it is making the transition from product development into commercial
production, and marketing and sales," said Richard Denyes. "I look forward to
applying the senior management and public company experience that I have gained
in the waste management and recycling industry to working with Don Green and
the rest of Forterra's management team to drive the company's growth from the
base that they have established."
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:
Don Green
Chairman and Chief Executive Officer
Phone: 905-634-8647
Email: green@forterra.com |