AgriTec Systems Inc.

AgriTec Systems Inc.

February 12, 2010 18:27 ET

AgriTec Systems Announces USD $20,000 Private Placement

HOUSTON, TEXAS--(Marketwire - Feb. 12, 2010) - AgriTec Systems, Inc. ("AgriTec" or the "Corporation") (TSX VENTURE:AGR) is pleased to announce that it has entered into agreements with four Texas investors to purchase 20,000 Series A Preferred Shares at $1.00 form the treasury of the Corporation, for gross proceeds to AgriTec of $20,000. Each Series A Preferred Share shall be entitled to receive a cumulative dividend at the rate of 7% per annum, is redeemable at the option of AgriTec and is convertible into three listed Common Shares of The Corporation for a period of five years. The placement was completed on a nonbrokered basis, and no commission or finders' fees are payable in connection with the transaction. Proceeds of the placement will be used for general working capital for the Corporation. The required documentation is being filed with the TSX Venture Exchange, and completion of the private placement is pending regulatory approval.

AgriTec is a Houston, Texas based corporation engaged in the pursuit of "clean tech" business opportunities for the conversion of bio-mass (specifically rice hull ash) into value added commodities, and has been issued a number of world-wide patents in this regard. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "AGR".

Neither the TSX Venture Exchange nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information