Ag Growth International Inc.
TSX : AFN

Ag Growth International Inc.

September 01, 2010 17:00 ET

Ag Growth's CEO Rob Stenson Undergoing Medical Treatment

WINNIPEG, MANITOBA--(Marketwire - Sept. 1, 2010) - Ag Growth International Inc. ("Ag Growth") (TSX:AFN) announced today that Rob Stenson, the Company's Chief Executive Officer, has been diagnosed with cancer and is undergoing treatment. Mr. Stenson intends to continue in his roles and responsibilities, however the time he will be able to devote to his duties will be somewhat limited as he deals with his personal health issues.

"I am proud that we have positioned the Company with the depth and breadth of management to execute on our strategic plan", said Mr. Stenson, Ag Growth's CEO. "I am confident that any distraction arising from my personal situation will have no impact on the continued progress of our strategic plan."

"We wish Rob well as he deals with this difficult challenge and we expect that everyone will respect his right to personal privacy," said Bill Lambert, the Chairman of Ag Growth's Board of Directors. "During this period Ag Growth's senior management will continue to implement the Company's business strategy in consultation with Mr. Stenson and with the support of the Board of Directors."

Company Profile

Ag Growth is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment and grain drying systems. Ag Growth has nine manufacturing facilities in Canada, the U.S. and Finland and its sales, marketing, and distribution system distributes product in 48 states, nine provinces, and internationally.

Further information can be found in the disclosure documents filed by Ag Growth, and by its predecessor Ag Growth Income Fund, with the securities regulatory authorities, available at www.sedar.com.

Contact Information

  • Ag Growth International Inc.
    Steve Sommerfeld
    Investor Relations
    204-489-1855
    steve@aggrowth.com