Forterus Inc. Announces an Update on Its 2010 Expansion Plans
February 10 2010 - 8:09PM
PR Newswire (US)
MURRIETA, Calif., Feb. 10 /PRNewswire-FirstCall/ -- Forterus Inc.
(Pink Sheets: FTER) today announced an update on its expansion
efforts for 2010. San Diego, California In January 2010, the
Company executed a management contract for a 36-bed facility in San
Diego, and in less than two weeks achieved approximately 50%
occupancy at this facility. Ventura County, California The
Company's hearing for its conditional use permit for its planned
facility in Ventura County is to be held on February 11, 2010. The
facility is expected to have 22 beds upon issuance of the
conditional use permit. Upon receiving conditional use permit from
the County, the Company will submit its paperwork with the State of
California to license this specific facility. This process is
expected to take 6 to 8 months from the date the paperwork is
submitted. The Company is forecasting that within 9 months the
facility should be fully operating and accepting insurance clients.
Los Angeles County, California In December 2009, the Company opened
an assessment office in Pasadena, Calif., is currently in the
process of licensing the office with State of California for
Outpatient Services. Orange County, California The company is
currently exploring the possibility of opening an assessment and
outpatient office in Costa Mesa, Calif. As part of these expansion
plans, the Company closed its Dana Point offices and allocated the
resources from Dana Point to San Diego and Temecula. About
Forterus, Inc. Forterus Inc. and its subsidiaries engage in diverse
business activities, including drug and alcohol rehabilitation, and
finance. For more information about 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. Contact: Paul Howarth 1-888-257-8345
DATASOURCE: Forterus Inc. CONTACT: Paul Howarth of Forterus Inc.,
1-888-257-8345, Web Site: http://www.forterushealthcare.com/
http://www.abttc.net/
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