EDMONTON, ALBERTA--(Marketwired - April 3, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Alterrus Systems Inc. (CNSX:ASI)(OTCQB:ASIUF) (ASI) and 1737504 Alberta Ltd., a wholly owned subsidiary of Scott Safety Supply Services Inc. (SSSSI), are pleased to announce that they have entered into an arrangement (the "Arrangement") as a component of a labour restructuring being undertaken by SSSSI. ASI and 1737504 Alberta Ltd. have established a general partnership, Scott Safety Labour Partnership (the "Partnership") for the purpose of facilitating the labour restructuring.

The transactions making up the Arrangement are subject to the satisfaction of certain conditions to be met on or before March 31, 2013. In the event of the removal of the conditions and upon completion of the transactions making up the Arrangement, ASI will reduce its debt, receive cash and realize capital losses. ASI intends to use its portion of the proceeds from the sale of its interest in the Partnership to repay the costs of the transaction, retire approximately $192,644.00 owed to a secured lender, and be left with approximately $317,356.00 in working capital with which to pursue further income producing opportunities. ASI will continue with its efforts to pursue transactions with a view to creating shareholder value.

Forward-Looking Statements:

This press release contains forward‐looking statements. More particularly, this press release contains statements concerning the anticipated completion of certain transactions. Although ASI and SSSSI believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because ASI and SSSSI can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to; the failure to satisfy conditions set out in the transaction agreement, including satisfactory due diligence review, the attainment of sufficient financing by all parties, and the receipt of all required consents and approvals, and; the failure by any party to comply with its obligations under the transaction agreement or otherwise.

The forward-looking statements contained in this document are made as of the date hereof and each of ASI and SSSSI undertake no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Contributing Sources

---

Market Wire