JER ENVIROTECH INTERNATIONAL CORP.
January 9, 2007
JER ARRANGES $720,000 DEBT FINANCING
Vancouver, B.C. – January 9, 2007 - JER Envirotech International Corp. (TSX Venture: JER; Frankfurt Stock Exchange: KFTB) (“JER” or the “Company”) wishes to announce that it has arranged a debt financing for $720,000 to an arms length party.
The term of the promissory note is for a period of 90 days, expiring March 31, 2007, at an interest rate of 12% calculated annually. The Company will also issue 100,000 bonus shares in consideration of the loan.
The above transaction is subject to the TSX Venture Exchange approval.
About JER Envirotech International Corporation
JER is a global manufacturer of wood-plastic (or alternative fibre) composite (WPC) compounds and panel boards. The Company's patented WPC technology utilizes waste or by-product materials, such as saw dust and rice husk, to produce environmentally-friendly alternative products for applications in the automotive manufacturing, construction and transport industries. The Company currently has 42 unique WPC additive formulations which it developed in collaboration with the National Research Council - Industrial Materials Institute of Canada.
JER has WPC manufacturing operations in Canada and Malaysia, and is currently in the process of establishing new plants in the Philippines and India.
The Company is publicly-traded on the TSX Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt Stock Exchange under the symbol "KFTB". For more information, visit www.jerenvirotech.com.
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|Autor (Datum des Eintrages):||MC_DANIEL (10.01.07 11:43:58)|
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