Forterra ships worm castings to national supplier
posted on
Oct 01, 2009 10:10AM
The leader in premium quality, environmentally friendly soil care for large scale commercial use.
<< - 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, Oct. 1 /CNW/ - Forterra Environmental Corp. (TSXV: FTE), a manufacturer, marketer, and seller of premium organic soil-enrichment products based on worm castings, today announced that it has shipped 22 tons of worm castings to a national supplier. The customer initially will be listing three products using Forterra's worm castings for sales to the professional market across Canada. "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 Rick Denyes, Forterra's president and chief operating officer. "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," Mr. Denyes added. "We also are still expecting to be able to announce our first purchase order from the new customer that the company cited in its August 31, 2009 news release announcing second-quarter financial results, from which Forterra expects initial orders for the balance of the year for between $375,000 and $500,000 in the near future," Mr. Denyes said. 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.