PRT Growing Services Ltd.
TSX : PRT

PRT Growing Services Ltd.

September 13, 2012 18:48 ET

PRT Growing Services Ltd. Responds to Market Activity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.

PRT Growing Services Ltd. (TSX:PRT) ("PRT" or the "Company") wishes to comment on recent trading activity in the Company's stock. PRT advises that it is not aware of any undisclosed material changes that would give rise to unusual trading activity. As part of its ongoing fiduciary obligations and in light of the Company's conversion to a corporation and its business recovery over the past 18 months, the Board of Directors of the Company has been considering its strategic alternatives including, but not limited to, instituting a dividend policy, reviewing its growth strategy and/or a potential sale of the Company. Although various alternatives are being considered and various potential buyers have been identified, no definitive decision has been made and there can be no assurance that a transaction will occur.

About PRT Growing Services Ltd.

PRT Growing Services Ltd. is a seedling propagator and the largest producer of container grown forest seedlings in North America, currently operating 13 nursery locations expected to produce over 170 million seedlings in 2011.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, expectations for customer orders, the outlook for the forest industry, lumber markets, US housing markets, and future reforestation programs; and other statements that are not historical fact. Risks and uncertainties include, but are not limited to, whether or not the Corporation's current strategic process will result in a bid for the Corporation and whether any such bid, if received, will result in the sale of the Corporation. These risks and uncertainties may cause actual results to differ materially from the expectations expressed herein. As such, readers are cautioned to not to place undue reliance on forward-looking statements.

Forward-looking statements are based on current expectations and PRT Growing Services Ltd. assumes no obligation to update such information to reflect later events or developments, except as required by law.

For additional information on these and other factors, see PRT's public filings on www.sedar.com.

Contact Information

  • PRT Growing Services Ltd.
    Tony Pollard
    VP Finance/CFO
    (866) 553-8733 ext. 229