AgriTec Systems Inc. (TSX VENTURE:AGR) ("AgriTec" or the "Corporation") is
pleased to announce that it has entered into an agreement with Institutional
Investors Consulting Company ("IICC") and its subsidiary IICC-Tradeco, a
registered securities broker/dealer. IICC's CEO Leonard Chaikind founded IICC in
1991; prior to that he served as Finance Director (CFO) for Shell Oil Products
and Shell Chemical Products, Fae East and Asian Treasurer for Royal Dutch Shell
and Administrator and Chief Investment Manager for Shell's Pension and Benefit
Plans.


The purpose of the agreement is to raise funds sufficient to execute AgriTec's
long term business plan in the form of equity, project finance and/or debt
capital as appropriate. In addition, IICC will use its resources to help the
Company in forming alliances with strategic partners and in developing
"clean-tech" business opportunities throughout the world. The Company's wholly
owned subsidiary AgriTec, Inc. has been issued patents through out the world for
the conversion of bio-mass into value-added commodities. The Company will be
focused on commercializing its "carbon neutral" precipitated silica technology
in rice growing countries around the world. The technology is a solution for the
growing disposal problem with rice hull and rice hull ash ("RHA"), a by-product
of rice milling. AgriTec's technology converts RHA into highly pure precipitated
silica which is used in a number of industries that produces products, such as:
rubber products (tires and athletic shoes), polishing compounds for computer
chips, paint pigments and toothpaste.


On December 18, 2008 Mr. Greg R. Wellen was named President and Chief Executive
Officer of the Company. Mr. Wellen has been with the Company for 21 years, first
as President of AgriTec, Inc. (AgriTec Systems Inc.'s wholly owned subsidiary)
and then as Vice-President of AgriTec Systems, Inc. Mr. Wellen is a 1987
graduate from the University of Texas at Austin and is a coinventor of AgriTec's
carbon patents.


Agritec Systems Inc. (TSXV:AGR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Agritec Systems Inc. Charts.
Agritec Systems Inc. (TSXV:AGR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Agritec Systems Inc. Charts.