Forterra Announces Bridge Loan

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Thu Jun 19, 2008 4:23pm EDT

  TORONTO, ONTARIO, Jun 19 (MARKET WIRE) -- 
Forterra Environmental Corp. (Forterra) (TSX VENTURE: FTE) announced that
it intends to borrow $50,000 from a director of the corporation for
working capital purposes.

    The loan will become due and payable on July 15, 2008 with interest
calculated at 16% per annum and payable on the due date. Forterra has
agreed to issue 70,175 bonus shares to the lender. The bonus shares have
a deemed price of $0.1425 per share. The loan is to be secured against
the assets of Forterra and its subsidiary, Forterra Inc.

    Forterra expects to repay the loan with proceeds of a private placement.
Forterra is in discussions with potential investors but the terms of the
private placement have not been settled.

    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. 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.


 
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responsibility for the adequacy or accuracy of this release.

Contacts:
Forterra Environmental Corp.
Donald Green
Chairman and Chief Executive Officer
(905) 634-8647
Email: green@forterra.com

Copyright 2008, Market Wire, All rights reserved.

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