Alterrus Systems Inc.
CNSX : ASI
OTCQB : ASIUF

Alterrus Systems Inc.

September 07, 2012 19:00 ET

Alterrus Announces New Acting Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2012) - Alterrus Systems Inc. (CNSX:ASI)(OTCQB:ASIUF) today announced that John Hamilton, former Chief Financial Officer of Alterrus Inc., has left the company as of August 31st, 2012.

Alterrus Executive Chairman, Stephen Fane, is acting as interim CFO until a replacement for Mr. Hamilton is hired. Mr. Fane, Fellow of the institute of Chartered Accountants (FCA), is a hydroponic greenhouse entrepreneur and former partner at Coopers & Lybrand, a predecessor firm to Price Waterhouse Coopers.

About Alterrus Systems Inc.

Alterrus is a publicly traded company (CNSX:ASI)(OTCQB:ASIUF) headquartered in Vancouver, Canada. It is a world leader in the development, manufacturing, operation and integration of commercial VertiCrop technology for global markets. Alterrus has created a sustainable vertical growing system that grows fresh, nutritious, leafy green vegetables in urban environments where they are to be consumed. Using a fraction of the resources needed for traditional field agriculture, Alterrus generates substantially higher yields than conventional farming and was selected by TIME MAGAZINE as one of the best inventions of 2009.

Safe Harbor for Forward-Looking Statements: This press release contains forward-looking information, in that it describes events and conditions which Alterrus Systems Inc. reasonably expects to occur in the future, and statements including opinions, assumptions and estimates. Forward-looking statements include information that does not relate strictly to historical or current facts. When used in this document, the words "seeks", "anticipate", "believe", estimate", "expect", "forecast", "intent", "may", "project", "plan", "potential", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to a wide range of known and unknown risks and uncertainties, including inability to complete sales in process or develop positive cash flow from anticipated product sales, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. The risks and uncertainties that could affect future events or the Company's future financial performance are more fully described in the Company's quarterly reports (on Form 6-K filed in the US and the financial statements and Form 51-102F1 filed in Canada), the Company's annual reports (on Form 20-F filed in the US and the financial statements and Form 51-102F1 filed in Canada) and the other recent filings in the US and Canada. These filings are available at www.sec.gov in the US and www.sedar.com in Canada. For all such forward-looking statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims any obligation to update any forward-looking statements.

The CNSX has neither approved nor disapproved the contents of this press release. The CNSX does not accept responsibility for the adequacy or accuracy of this release.

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