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Rutter Provides Update Re Loan Repayment

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  Published in Science and Technology on Wednesday, September 1st 2010 at 4:35 GMT by Market Wire
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ST. JOHN'S, Sept. 1 /CNW/ - Today, Rutter Inc. (TSX: RUT) announced it has not met the August 31st 2010 date to repay the term loan of $6,314,000

The Company and the lender are currently renegotiating the terms of the loan which is expected to be concluded in the first quarter.

About Rutter Inc. - Rutter is an enterprise focused on providing innovative technologies and engineering solutions. Rutter's global network supplies technologies to improve efficiency and safety in the marine, defense, transportation, oil and gas sectors from its headquarters in the Province of Newfoundland and Labrador. Multidisciplinary consulting engineering services including civil, structural, mechanical and electrical engineering as well as environmental and construction management services are provided to a diverse client base which includes all levels of government and the oil and gas and industrial sectors. For more information see [ www.rutter.ca ]

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. These statements reflect current expectations and are subject to a number of risks and uncertainties including but not limited to, change in technology and general market conditions. Due to the many risks and uncertainties, Rutter Inc. cannot assure that forward-looking statements that may be contained in this press release will be realized.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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