Forterus Inc. Announces Special Board Meeting; Nominates Jeff Walton, Former Bear Stearns President, to Board of Directors
June 10 2009 - 5:00AM
PR Newswire (US)
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 http://www.forterushealthcare.com/ and
http://www.abttc.com/ . CONTACT: Paul Howarth, CEO 888/257-8345
Paul Knopick E & E Communications 949/707-5365 DATASOURCE:
Forterus Inc. CONTACT: Paul Howarth, CEO of Forterus Inc.,
1-888-257-8345, ; or Paul Knopick of E & E Communications,
+1-949-707-5365, , for Forterus Inc. Web Site:
http://www.forterushealthcare.com/ http://www.abttc.com/
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