AgriTec Systems Inc.
TSX VENTURE : AGR

AgriTec Systems Inc.

December 16, 2010 15:22 ET

AgriTec Systems Issues Common and Preferred Shares

HOUSTON, TEXAS--(Marketwire - Dec. 16, 2010) - AgriTec Systems, Inc. (TSX VENTURE:AGR) ("AgriTec" or the "Corporation") is pleased to announce that it received all required approvals and is proceeding with the issuance of an aggregate of 300,000 common shares ("Common Shares") to certain executive officers of AgriTec as part of their compensation package. AgriTec is also proceeding with the issuance of 20,000 series A preferred shares, with each such preferred share being entitled to receive a dividend at the rate of 7% per annum and being convertible into three Common Shares for a period of five years. Press releases announcing the foregoing transactions were originally disseminated on September 24, 2009 and February 12, 2010, respectively. Issued securities will be subject to a minimum 4 month hold period from the date of issuance.

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 Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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