Agritec Systems Inc.
TSX VENTURE : AGR

Agritec Systems Inc.

November 02, 2011 16:05 ET

AgriTec Systems Announces Incentive Stock and Stock Options

HOUSTON, TEXAS--(Marketwire - Nov. 2, 2011) - AgriTec Systems, Inc. ("AgriTec" or the "Corporation")(TSX VENTURE:AGR) is pleased to announce that under the Company's employee incentive stock plan Mr. Willy Verbrugghe is entitled to receive 300,000 shares, Mr. Greg R. Wellen and Mr. Bill Mullee are each entitled to receive 100,000 shares in the Company's common stock. The company will be issuing 100,000 options under the Company's options plan to each of the Company's six directors to replace options that were recently exercised. Also under the Company's option plan Mr. Willy Verbrugghe (CEO) will receive 250,000 options, Mr. Greg Wellen (CFO), Mr. Bill Mullee (CTO) and Mr. David Karohl (CMO) will receive 100,000 options each and Mrs. Evelyn Welborn (Comptroller) will receive 50,000 options is exercisable at $0.10 per share and good for five years.

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