Advanced Growing Systems, Inc. Announces Binding Letter of Intent to Merge With enVentive Solutions, Inc.

• Press Release
• Source: Advanced Growing Systems
• On 8:00 am EDT, Tuesday July 7, 2009

ALPHARETTA, GA--(Marketwire - 07/07/09) - Advanced Growing Systems, Inc. (OTC.BB:AGWS - News) announces today the signing of a binding letter of intent between AGWS and enVentive Solutions, Inc. (ENTV) for the merger of the two companies. AGWS will purchase 100% of the issued and outstanding shares of ENTV in exchange for approximately 85% of AGWS, on a fully diluted basis. An additional 7.5% earn-out provision is available for AGWS shareholders over a 30-month period.

Related Quotes

Symbol	Price	Change
AGWS.OB	0.03	0.00

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enVentive Solutions is a 30 year old "Green Chemistry" company with pro forma revenues of over $30 million and EBITDA in excess of $5 million. enVentive has a long history of innovation and growth and holds over 190 worldwide patents and employs over 100 people. enVentive has been working as the engineer reconstructing the manufacturing processes for Organic Growing Systems, Inc. (OGSI), a subsidiary of AGWS, to increase production capacity to over 200 tons per day. enVentive is also heavily involved in the production of the Organisan II-YS product, which is an adjuvant used in the agricultural marketplace to assist plants in the uptake of nutrients.

"This is the beginning of a new era for Advanced Growing Systems, one that marries enVentive's success in the energy and water treatment markets with the large potential in the organic fertilizer market. In addition, the merger will assist AGWS in achieving a capital structure that will facilitate the goal of moving to a national stock exchange," states Dan Dunn, Chief Financial Officer of Advanced Growing Systems.

According to Jack Cowan, Chairman and Chief Technology Officer of enVentive, "This transaction will open up the significant agricultural market for the novel products, technologies, and processes that enVentive has developed. Also, we expect to significantly enhance the value of several types of agricultural by-product streams that are currently considered environmental problems by making them useful end products in the organic fertilizer market. Along with these developments, we expect to be able to incrementally improve processing techniques to lower the production cost, improve product quality and consistency, and to provide unique product positioning in the marketplace."

Chris Nichols, CEO and President of Advanced Growing Systems adds, "enVentive's history of developing organic polymers, fibers and colloids that offer superior performance in comparison to their synthetic counterparts is a perfect fit for the sustainable agriculture market that we address, Jointly, the combined company is well positioned to take advantage of the many opportunities emerging in the areas of green chemistry and technology."

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About AGWS:

Advanced Growing Systems, Inc. ("AGSI" or the "Company"), founded in 2006, is the parent company of Organic Growing Systems, Inc. (a scientifically advanced Organic fertilizer manufacturer). AGSI is dedicated to providing its shareholders significant value and is directly involved in the $48 Billion fertilizer market and the $66 Billion Green Industry. For more information, please visit www.AGSIncorporated.com.

About ENTV:

enVentive Solutions, Inc., formerly Venture Chemicals, Inc., was founded in 1977 as a specialty chemical manufacturer for products used in a variety of industrial markets. For more information, please visit www.enventives.com

FORWARD-LOOKING STATEMENTS:

Statements about AGSI's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. AGSI's actual results could differ materially from expected results. AGSI undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this objective, AGSI will appropriately inform the public.

 
Investor Relations:
Gerald Kieft
Wall Street Resources, Inc.
2646 SW Mapp Road, Suite 303
Palm City, Florida 34990
772-219-7525
AdvancedIR@WallStreetResources.net
http://www.wallstreetresources.net