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REW Rewardstream Solutions Inc

0.14
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Rewardstream Solutions Inc TSXV:REW TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.14 0.11 0.16 0 01:00:00

reWORKS Announces Positive Findings in Greenhouse Floriculture Study and Record Production of Worm Castings

18/12/2007 8:10pm

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TORONTO, ONTARIO , an emerging leader in the production and marketing of premium organic soil enrichment products today announces positive findings from an investigation into the applications and benefits of using its earthworm castings in the Greenhouse Floriculture Industry and record production of worm castings at the Toronto plant. Earthworm castings are produced commercially by reWORKS' wholly-owned operating subsidiary, Forterra Inc.

Eco Habitat Agri Services of Grimsby, Ontario, concluded on their study that consistently better performance was achieved in a commercial pot chrysanthemum greenhouse by growing plants in a potting medium that contained 20% earthworm castings. Also, root and shoot weight of mum cuttings rooted in 10 to 20 percent earthworm castings was significantly higher than in the grower's standard media. In addition the findings on effects using Forterra earthworm castings on water retention and possible repercussions on watering regimes in greenhouse floriculture crops.

"Stock mums grown in potting mixes that contained earthworm castings used significantly less water per plant per week than mums grown in standard potting mix alone. The impact is a savings of over 2000 liters of water per week in a typical greenhouse producing 5000 plants." reports Sarah Jandricic, Director of Research at Eco Habitat.

"These results continue to support our research and development efforts that demonstrate how Forterra earthworm castings are an effective, organic soil care solution for many horticultural applications", said Gary Gould, President of reWORKS. "We have an ongoing program of testing by accredited research organizations in vegetable production, nursery crop, turf management, floriculture and viticulture."

Production levels have hit a record output at the Toronto facility over the last month leading reWORKS to have an inventory of over 30 Tons heading into 2008. Higher production was achieved through improved reliability, resulting in higher utilization of expansion capacity.

"Second plant to open early Q4 2008 with projections to rapidly expand in Canada and the USA. A strategic sales and marketing plan is set for 2008 to fill the demand for our new high quality Organic Fertilizer." said Don Green, Chairman and Chief Executive Officer of reWORKS.

For more information about Forterra products, please take a tour of our new website at www.forterra.ca

About Forterra Inc.

Forterra Inc. is the wholly-owned operating subsidiary of reWORKS Environmental Corp. is an emerging leader in the production and marketing of premium organic soil enrichment products. The Company manufactures and markets a powerful soil enhancer which boosts fertility while restoring the soil with organic matter for longer-term benefits, utilizing worm castings - all in an environmentally friendly way.

Forterra products contain only organic material. They are ideal for golf courses, sports fields, lawn care, parks, nurseries, orchards and vineyards. They boost fertility while replenishing the soil with organic matter for sustainable, long-term benefits - like stronger root growth and drought and pest resistance - all in an environmentally friendly way. From its Toronto facility, Forterra produces commercial quantities of premium worm castings year-round.

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.

Contacts: reWORKS Environmental Corp. Don Green Chairman and Chief Executive Officer (905) 738-1365 Email: dgreen@forterra.ca Website: www.forterra.ca

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