Forterus Inc. Announces Special Board Meeting; Nominates Jeff Walton, Former Bear...
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Forterus Inc. Announces Special Board Meeting; Nominates Jeff Walton, Former
Bear Stearns President, to Board of Directors
HUNTINGTON BEACH, Calif., June 10 /PRNewswire-FirstCall/ -- Forterus Inc.
(Pink Sheets: FTER), which, through its ABTTC Inc. division, provides drug and
alcohol rehabilitation and a variety of other healthcare services, announced
today that Jeff Walton, a successful businessman and former President, CEO and
Senior Managing Director of Bear Stearns Residential Mortgage Corporation,
will be nominated for its Board of Directors at a Special Shareholders'
Meeting.
The meeting is scheduled for 11 a.m.July 16, 2009, at the offices of RKR
Media, 25855 Jefferson Avenue, Murrieta, California, 92562. Mr. Walton is
being nominated for a 1-year term to a temporary board seat. His nomination is
the only item on the agenda.
"Mr. Walton built the Bear Stearns division into a multi-billion dollar
business by devising a business model featuring a state-of-the-art web based
portal," said Paul Howarth, Forterus founder and CEO. "We look forward to
having Jeff, with his record of quality achievements, as an integral part of
our Company's future."
Mr. Walton also previously served as President of the Mortgage Division for
First National Bank of Arizona and Nevada, growing profitability from $3 to
$90 million. He earned a Bachelor of Science Degree in Finance from Arizona
State University.
"Jeff's extensive Wall Street experience will be instrumental in helping the
Company navigate through very difficult economic conditions," said Mr.
Howarth. "One of his major assignments will be to utilize his financial
contacts to assist Forterus in raising capital needed to fund the Company's
future growth."
For more information about Forterus, and the variety of healthcare services it
provides, including behavioral, intervention services, drug and alcohol
rehabilitation, pain management and physical therapy, visit
www.forterushealthcare.com and www.abttc.com .
CONTACT:
Paul Howarth, CEO
888/257-8345
ir@forterushealthcare.com
Paul Knopick
E & E Communications
949/707-5365
pknopick@eandecommunications.com
SOURCE Forterus Inc.
Paul Howarth, CEO of Forterus Inc., 1-888-257-8345,
ir@forterushealthcare.com; or Paul Knopick of E & E Communications,
+1-949-707-5365, pknopick@eandecommunications.com, for Forterus Inc.
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