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
"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 www.forterushealth
|SOURCE Forterus Inc.|
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