HOUSTON, TEXAS--(Marketwire - June 21, 2012) - AgriTec Systems, Inc. ("AgriTec" or the "Corporation") (TSX VENTURE:AGR) is pleased to announce that it has received all required approvals and has, accordingly, proceeded with the issuance of an aggregate of 2,150,000 common shares ("Common Shares") at an ascribed value of $0.20 per Common Share to certain executive officers of AgriTec as part of their compensation package. A press release announcing the foregoing transaction was originally disseminated on December 23, 2011. The Common Shares issued pursuant to this transaction are subject to a 4 month hold period expiring August 24, 2012.
AgriTec is a Houston, Texas based corporation engaged in the pursuit of "clean tech" business opportunities for the conversion of bio-mass (specifically rice hull ash) into value added commodities, and has been issued a number of world-wide patents in this regard. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "AGR".