reWORKS Environmental Corp.

February 20, 2008 14:43 ET

reWorks Environmental Corp. Announces Name Change to Forterra Environmental Corp. Trading Under the New Symbol FTE and Gives a Spring Update

TORONTO, ONTARIO--(Marketwire - Feb. 20, 2008) - reWorks Environmental Corp. (the "Company") (TSX VENTURE:REW), is pleased to announce that it has changed its name to Forterra Environmental Corp. and the trading symbol to FTE.

The Company will begin trading on the TSX Venture Exchange under its new symbol FTE on February 22, 2008.

At our annual and special meeting of Shareholders on January 30th, 2008 the shareholders voted in favour of the special resolution to change the company name to Forterra Environmental Corp. "I was happy to see the shareholders get behind the new name," said Don Green. "The favourable response from the market place after changing the subsidiary's name in July of last year gave me complete confidence that the new identity was received well. We had a need to align that identity with the public entity to ensure continuity for our customers and shareholders alike."

"We have been working very hard over the past months ramping up our production facility and generating interest from some serious customers," said Gary Gould "we have done our market research properly, conducted definitive 3rd party scientific testing on our product and made significant contacts within our identified initial target markets. With the proper sales tools in hand and an understanding of the increasing demand for our product this growing season we will be able to, not only demonstrate the demand for the product with some significant sales, but ensure the product is properly positioned as an economically viable effective solution for our customers that will enforce the long term viability of the company"

About Forterra Environmental Corp.

Forterra Environmental Corp. is an emerging leader in the production and marketing of premium organic soil enrichment products. These environmentally friendly products boost fertility while replenishing the soil with organic matter, using worm castings, for sustainable, long-term benefits, including stronger root growth and drought and pest resistance. Forterra is the first company to commercialize the indoor, large-scale production of totally organic soil-enrichment products. Essentially, Forterra uses red wriggler worms to convert organic waste into vermicompost or worm castings. Worm castings contain micronutrients, which are required for healthy plant development. Worm castings also contain microbes, which increase the rate at which plants take up available macronutrients and micronutrients.

Forward-Looking Statements

This news release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, availability of resources, competitive pressures, changes in market activity, and regulatory requirements. Risks and uncertainties about reWORKS Environmental Corp.'s business are more fully discussed in the company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada. reWORKS assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements.

The TSX Venture Exchange Inc. has neither approved nor disapproved of the contents of this news release.

Contact Information

  • Forterra Environmental Corp.
    Don Green
    Chairman and Chief Executive Officer
    (905) 634-8647