FOR IMMEDIATE RELEASE
January 24th, 2012
Terramera Completes $1.8 Million in Seed Financing
VANCOUVER, BC, Canada. Terramera, Inc., a biotechnology company dedicated to providing safe organic pesticide products, has raised $1.8 million in initial financing. Terramera is developing innovative naturally-derived alternative solutions to traditional chemical pesticides.
The Company’s initial financing round generated significant interest reflecting the market’s excitement and confidence in the Company’s planned 2012 product launch.
“Investor interest exceeded my expectations, and reflects the strong support in our technology and management,” said Founder and CEO, Karn Manhas.
The net proceeds of the financing will be used for continued product development and expanding the Company’s sales and operational capabilities.
Terramera, Inc., a Vancouver-based company launched in 2009, is committed to providing safe and innovative products trusted to protect every person and family from the fear and threat of pests.
For further information, please contact:
131 – 887 Great Northern Way
Vancouver, BC V5T 4T5
(604) 639-9600, ext. 6