Outlook Resources Inc.

Outlook Resources Inc.

July 08, 2009 11:47 ET

Outlook Acquires 5% of ERTH Solutions, Inc.

TORONTO, ONTARIO--(Marketwire - July 8, 2009) - Outlook Resources Inc. ("Outlook" or the "Company") (TSX VENTURE:OLR) is pleased to announce that, further to its Press Releases dated May 20, 2009 and July 3, 2009 , it has acquired a 5% interest in ERTH Solutions, Inc. ("ERTH Solutions") and holds the option to acquire a further 20% interest in ERTH Solutions for US$450,000. The Company also has an option to acquire the remaining 75% interest in ERTH Solutions from the shareholders of ERTH Solutions on a share exchange basis exercisable after ERTH Solutions reaches certain milestones as set out in the agreement with ERTH Solutions.

About ERTH Solutions

ERTH Solutions is a private US corporation owning proprietary, sustainable, organic fertilizer technology in the rapidly growing organic segment of the fertilizer market. The focus of ERTH Solutions is sustainable dry organic fertilizer products for lawn and garden and agricultural markets based on its proven technologies to produce organic fertilizer at equivalent price, equivalent performance and superior environmental advantages compared to chemical synthetic fertilizers. ERTH Solutions plans to build plants to manufacture dry fertilizer worldwide of which the Outlook 160 acre fish farm site is a prime candidate. ERTH Solutions has sales indications for the output from its first plant, a national distribution network in the US for its dry fertilizer products, has negotiated contracts for raw materials and has secured a site for its first full scale commercial plant located in Colorado. ERTH Solutions' strategy for dry organic fertilizer is to convert renewable low value compost into high-value bagged and bulk organic fertilizers. It plans to build one plant in year 1 and six additional plants in years 2 to 4 capturing a small percentage of the large targeted organic fertilizer market. With sales indications in place, ERTH Solutions' projects being cash flow positive shortly after plant start up. Engineering of the first plant is complete and an upgrade of the existing pilot plant will result in modest but cash flow positive dry products sales after two months. The small scale facility will operate making dry organic fertilizer to satisfy the backlog of customer demand for the product. On a parallel track, the first commercial plant will be built for operation in less than 12 months. Demand is very high for the product.

ERTH Solutions' proprietary technologies and know how provide a competitive advantage to its products by using in its products specialized micronutrients, microbes, and other natural additives already market proven. ERTH Solutions' products are more environmentally sound than chemical fertilizers, at competitive prices without compromising effectiveness. ERTH Solutions' products deliver essential nitrogen, phosphorus, potassium and other micronutrients in an efficient time release way while avoiding the nutrient run off problems associated with chemical fertilizers.

The statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, the demand for the Company's products, the availability of funding, and the anticipated costs of construction and operation. These forward-looking statements are made as of the date hereof and Outlook does not assume any obligation to update or revise them to reflect new events or circumstances, except as required by law. Actual events or results could differ materially from the expectations and projections. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither 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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