Updated:
University of Guelph – Forterra Environmental Corp, Turf Logic and OSM Solar are all interconnected with Dalton McGuinty Ontario Green Grant Money. Don't forget The Environmental Factor Inc.
Previously we talked about the Forterra and Turf Logic business agreement in March 2009.
This companys Worm Castings were used as ammunition for the support of the Ontario Pesticide Ban in April 2009,
Touted as another new Alternative to traditional Weed Control
Forterra Environmental supplied Turf Logic with their Organic Products.
“We are very excited to have been able to reach this agreement with
Forterra.Forterra can provide Turf Logic with exactly the kind of organic,
pesticide-free, environmentally friendly products that our customers
want and that we expect will be important to driving the growth of our
business," said Frank Reddick, Vice-President of Turf Logic (www.turflogic.ca).
"As an increasing number of governments are moving to ban a growing number of pesticide-based products, including Ontario beginning in April, homeowners and others will be increasingly seeking out solutions such as those that we will be able to offer with Forterra. Forterra's granulated
worm castings are easy to apply with existing lawn care equipment, are a
natural product containing no rendering by-products or biosolids, having no
foul odor, and containing plant available nutrients for early spring green-up.
"While the level of our actual purchases from Forterra will depend
on our sales success, we currently are very optimistic that there will be
significant increased demand for our products that include worm castings," said
Mr. Reddick.
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Communities in Transition – Projects
The Communities in Transition (CiT) initiative provides assistance to communities and industry sectors across Ontario, facing economic development challenges, including plant closures, significant job losses, and industry-wide restructuring. The flexible, community-tailored CiT assistance supports innovative economic development solutions not covered under existing provincial programs.
The following are CiT recipients:
Welland (February 24, 2011) Ontario’s clean energy economy is growing in Welland with a new solar panel manufacturing plant that will create up to 60 new jobs within the year. The province’s clean energy economy and the growing global demand from clean energy projects has helped Ontario Solar Manufacturing Corp (OSM) establish a manufacturing plant in Welland. OSM, in partnership with Symphony Energy of Korea, has officially started production of 230-watt solar panels at the Welland location.
http://www.ontariocanada.com/ontcan/1medt/en/progserv_cit_projects_en.jsp
OSM SOLAR receiving Ontario Government Grant monies indirectly, partnering with Grant Money recipients.
Three Niagara College research projects funded by $425,000 in federal government grants
$8 million College and Community Innovation Program tosses $425,000 of government grants in the direction of Niagara College’s photonics and mechanical engineering programs
The new establishment of a College and Community Innovation Program (CCIP) at Niagara College put research government grants on the table for their photonics and mechanical engineering programs. After a thorough inspection of the student work conducted within the photonics lab by Gary Goodyear, Minister of State Science and Technology, it was announced that out of the $8 million available from the CCIP, Niagara College would receive a total of $425,000 in research government grants.
This newly established College and Community Innovation Program at Niagara College will distribute $8 million of government grants to 35 Canadian colleges for 79 projects that work towards enhancing research abilities. In the case of Niagara College, the government grants will go towards three projects. $140,959 will be allocated for purchasing radiometric and photometric equipment, $134,470 for a thermal vacuum deposition system for the photonics program, and the mechanical engineering team will purchase $149,788 worth of reverse engineering equipment. The new additions to the equipment allow for students to execute the most modern form of testing in solid state technology.
Gary Goodyear expressed that a top priority of the government grants will be to encourage partnerships with local small and medium sized businesses. It is due to the College and Community Innovation Program and the generous government grants that the students of Niagara College will have the capabilities to engage in new solar panel research together with Welland-based OSM Solar.
http://www.grants-loans.org/blog/?tag=canada-government-grants
Forterra and a Reverse Take Over with OSM Solar
Forterra Environmental Issues Statement on Status of Bank Account
PUSLINCH, ON, July 19, 2011 /CNW/ – At the request of the TSX Venture Exchange (TSXV), Forterra Environmental Corp. (Forterra or the company) (TSXV: FTE), a manufacturer, marketer, and seller of organic soil amendment products based on worm castings, today issued a statement regarding the status of the company's bank account.
On June 10, 2010, Forterra issued a news release disclosing that on June 4, 2010, the Canada Revenue Agency (CRA) had seized the company's bank account as the result of the company's failure to make required tax source deductions and remittances.
Forterra is continuing to discuss with CRA the company's outstanding liability regarding the payment of source deductions. As reported in Forterra's Management Discussion and Analysis for the 2011 first quarter, filed on SEDAR, the company is continuing to operate without banking facilities. Forterra's Directors have chosen to support the business through personal financial resources resulting in significant loans outstanding to shareholders, as reported on the balance sheet, and increased financing through debentures.
On May 17, 2011, Forterra announced that it has entered into an agreement to merge with OSM Solar Corp. (OSM#. The transaction would constitute a reverse takeover #RTO) pursuant to the policies of the TSXV. If the RTO is approved by shareholders, Forterra will become part of OSM's business enterprise and will bank accordingly. Since OSM will assume the liabilities of Forterra, CCRA matters that may be still outstanding, if any, will be paid as agreed or retired on closing of the transaction. This ensures that Forterra is free to seek any banking arrangements it deems appropriate outside of the OSM relationship should management deem that appropriate. Forterra will provide additional information in the Information Circular for the proposed RTO transaction, which it expects will be provided to the TSXV for review within the next four-to-six weeks.
About Forterra Environmental Corp.
Forterra manufactures, markets, and sells environmentally friendly organic soil amendment products based on worm castings, which boost fertility while restoring the soil with organic matter for sustainable, longer-term benefits, including stronger root growth, and drought and pest resistance. Forterra products contain only organic material. They are ideal for golf courses, sports fields, lawn care, parks, nurseries, orchards, and vineyards. Essentially, Forterra uses red wriggler worms to convert organic material 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. Further information is available on the company's website at www.forterra.com.
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, the ability to sign contracts with customers, the development of markets for worm castings, its ability to breed and maintain a sufficiently large worm population, and regulatory requirements. Risks and uncertainties about Forterra'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. Forterra assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements.
Neither the TSX Venture Exchange Inc. 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. Neither the TSX Venture Exchange nor its Regulation Services Provider has passed upon the merits of the proposed RTO transaction. A definitive agreement between Forterra and OSM for the proposed RTO has not been signed. There can be no assurance that a definite agreement will be signed or that, if signed, the proposed RTO will be completed. Following the signing of the definitive agreement, Forterra will issue a news release providing further details of the proposed RTO. Subsequently, Forterra will issue a Management Information Circular with respect to the required Annual and Special Meeting of Shareholders that will be called to consider the proposed transaction.
For further information:
Investor and Media Relations
Richard W. Wertheim
Wertheim + Company Inc.
Email: wertheim@wertheim.ca
Phone : 416-594-1600
Cell : 416-518-8479
or
Don Green
Chairman & Chief Executive Officer
Phone: 905-634-8647
Email: dmgreen@allstream.net
via FORTERRA ENVIRONMENTAL CORP. | Forterra Environmental Issues Statement on Status of Bank Account.
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Forterra Environmental Granted Exclusive License by University of Guelph to Market New Soil Blends
TORONTO, June 2 /CNW/ – Forterra Environmental Corp. (TSXV: FTE), a manufacturer, marketer, and seller of premium organic soil-enrichment products based on worm castings, today announced that the University of Guelph has granted the company an exclusive license to market certain soil blends scientifically developed by the university's researchers.
Forterra has been a contributor to the development of the blends that are the result of a three-year research and development project. Under the five-year license, which has a roll-over provision for renewals, Forterra will pay a sales royalty to the university.
"The development of these high-end soil blends is great news, particularly for greenhouse organic vegetable growers as well as for home gardeners who can use these blends to improve their growing success for vegetables and other plants," reported Youbin Zheng, Ph.D. and a researcher and adjunct professor at the School of Environmental Sciences at the university. "In particular, the development of these new soil blends meets the needs of greenhouse growers who are challenged to obtain consistently high-quality organic growing substrates.
"At the University of Guelph," Dr. Zheng continued, "we mixed and tested 35 organic growing substrates. Two of the growing substrates produced higher marketable beef steak tomatoes than the other organic growing substrates and rockwool. Both of the successful substrates used Forterra worm castings. Such vermicastings are proven to contain beneficial microbes that can suppress some plant pathogens and therefore reduce the need for pesticide application."
Forterra plans to sublicense its agreement with the University of Guelph to a third party that has an established significant penetration into the greenhouse and nursery sectors. The company has received inquiries from various potential partners who are well-entrenched in these sectors and who are well-suited to manufacture the scientific recipe for sales into the market.
The development of the new soil blends is the most recent result of the excellent relationship that Forterra has had for several years with the University of Guelph agricultural research experts. Forterra has provided funding for research, testing, and validation projects, and currently is discussing future projects that would involve further scientific investigation into soil mixes and other solutions using the company's worm castings as the base or as a carrier.
About Forterra Environmental Corp.
Forterra manufactures, markets, and sells environmentally friendly soil enhancers, using worm castings, which boost fertility while restoring the soil with organic matter for sustainable, longer-term benefits, including stronger root growth, and drought and pest resistance. Forterra products contain only organic material. They are ideal for golf courses, sports fields, lawn care, parks, nurseries, orchards, and vineyards. Essentially, Forterra uses red wriggler worms to convert organic material 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. Further information is available on the company's website at www.forterra.com.
About the University of Guelph
The University of Guelph, in Guelph, Ontario, is ranked as one of Canada's top comprehensive universities because of its commitment to student learning and innovative research. It is dedicated to cultivating the essentials for our quality of life – water, food, environment, health, community, commerce, culture and learning. Agricultural Science is a focus of the university. The university is a global leader in innovative life sciences education and research for the environment, agriculture, food, and rural communities. The university's mandate is to deliver world-class education, research, and innovation that meet the needs of contemporary society.
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, the ability to sign contracts with customers, the development of markets for worm castings, its ability to breed and maintain a sufficiently large worm population, and regulatory requirements. Risks and uncertainties about Forterra'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. Forterra assumes no obligation to update any forward- looking statement or to update the reasons why actual results could differ from such statements.
Neither the TSX Venture Exchange Inc. 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.
For further information: Investor and Media Relations, Richard W. Wertheim, Wertheim + Company Inc., Email: wertheim@wertheim.ca, (416) 594-1600, (416) 518- 8479 (cell)
CO: Forterra Environmental Corp. ST: Ontario NI: AGR ENV ORDER ADV -0- Jun/02/2010 12:30 GMT
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=FTE:CN&sid=aM.idNakoqpc
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Forterra Environmental Corp. Financial Reports 2008-2010
