Forterus, Inc. Inks Agreement With J.P. Morgan and Other Investors to Provide Financing to Consumers Seeking Behavioral Healthcare

Jun 09, 2010, 06:00 ET from Forterus, Inc.

MURRIETA, Calif., June 9 /PRNewswire-FirstCall/ -- Forterus, Inc. (Pink Sheets: FTER) today announced that it has signed agreements with J.P. Morgan Chase & Co. and other independent investors to provide financing to qualified consumers seeking behavioral healthcare services.

"We have just formed an affiliation with J.P. Morgan that enables us to refer some of our prospective clients to them for behavioral healthcare financing," said Paul Howarth, CEO of Forterus.

Forterus has also obtained an agreement with a group of independent investors who have agreed to underwrite and purchase loans that Forterus provides to clients seeking behavioral healthcare services.

"We feel fortunate to be able to find lenders to finance some of our clients in this extremely difficult banking environment," Howarth said.

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 its A Better Tomorrow Treatment Center subsidiary, please visit their respective websites at www.forterushealthcare.com and 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.

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.

Paul Howarth

(888) 257-8345

ir@forterus.com

SOURCE Forterus, Inc.



RELATED LINKS

http://www.abttc.net


http://www.forterushealthcare.com