Forterus Company Update

MURRIETA, Calif., Feb. 2 /PRNewswire-FirstCall/ -- On January 31, 2010, Forterus, Inc. (Pink Sheets: FTER), wanted to clear up some misperceptions that have developed regarding the Company.

On November 17, 2008, the Company had 13,513,264 shares of common stock outstanding.  As of January 31, 2010, the Company had 13,632,556 shares of common stock outstanding. Therefore, the Company has only increased the common share count by 118,992 common shares over the past 14 months.  The Company's philosophy is to maximize shareholder value and one way to accomplish this is to maintain a low outstanding common stock count.

There have been mis-statements that the Company issued 5,000,000 shares to the holders of the Preferred Series C stock.  This is not correct.  The Company made the offer on August 18, 2009 and offered the 5,000,000 in exchange for $196,975 dividend that occurred as part of the acquisition of ABTTC.  The holders of the Series C declined the offer and the shares were not issued.  However, if those shares would have been issued they would have been restricted under Rule 144 and would not be able to be sold on the open market. 

There also seems to be a misconception on the conversion of Series C Preferred Stock.  As previously disclosed, the Series C was created as part of the purchase of ABTTC.  There are 6,565,866 Series C Preferred Stock outstanding.  These shares are to be redeemed by the Company on June 30, 2018 for $6,565,866.  There is a conversion provision that would allow the holders to convert into common shares; however, such conversion is priced at $.25 per share and would eliminate the need for the company to redeem those shares.  The Series C is owned by insiders of the Company.  Therefore, the underlying common stock would be restricted and could not be sold into the open market.  However, since the insiders own the Series C Preferred Stock it would be unlikely that any such conversion would occur.

We hope that this clears up the misconception that the Company that has been diluting the common stock.

About Forterus, Inc.

Forterus, Inc. and its subsidiaries engage in diverse business activities including drug and alcohol rehabilitation and finance. For more information Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com and http://www.abttc.com.

Forward Looking Statements

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains, and Forterus may from time to time make, written or oral 'forward-looking statements' within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Forterus's and/or its subsidiaries' control that could cause actual results to differ materially from such statements. In particular, statements using words such as 'may,' 'should,' 'estimate,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'predict,' 'potential,' or words of similar import generally involve forward-looking statements.

SOURCE Forterus, Inc.

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