JER Jer Envirotech International Corp Com Npv

JER Envirotech International Corp. (TSX-V: JER) (FRANKFURT: KFTB) is pleased to announce that the Company has reached an agreement in principal with key debt holders for the settlement of approximately $4.15 million in debt including accrued interest. Pursuant to the settlement, JER will issue approximately 41,498,490 common shares at a price of $0.10 per share to settle the debt and accrued interest in full.

Edward Trueman, President of JER, stated the following in connection with the settlement, "The removal of substantially all of our debt would significantly strengthen our balance sheet, reduce drain on available cash, and allow JER to attract fresh working capital for support of a strong order book."

The settlement is subject to entering into formal agreements with each participating creditor, as well as the approval of the TSX Venture Exchange, and if required, shareholder approval. In addition, the Company has agreed to seek Exchange approval to repricing warrants previously issued to finders in connection with the debt as compensation for their services in connection with the settlement proposal.

About JER Envirotech International Corporation

JER is a global supplier of thermoplastic biocomposite compounds and sheeting. The Company's patented technology utilizes waste or by-product materials, such as wood fiber or rice hulls, to produce environmentally-friendly alternative products for applications in the construction, transport, automotive and toy industries. The Company currently has a range of biocomposite formulations which it developed in collaboration with the National Research Council - Industrial Materials Institute of Canada.

JER 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, please visit www.jerenvirotech.com or contact:

JER Envirotech International Corporation

Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262
jyoon@jerenvirotech.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Distributed by Filing Services Canada and retransmitted by Marketwire

Contact: Mr. Ji Yoon Chief Financial Officer International: +1 (604) 940-9262 Email Contact Email: Email Contact Website: www.jerenvirotech.com