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February 13, 2006 - Burnaby, BC - Organic Recycling Technologies Inc. ("The Company") (OTC BB: ORCY) announced today that the audit of the Company’s accounts for the year ended September 30, 2005 will take longer than originally anticipated. The effect of this delay is that the Company will not be able to file its Annual Report with the Securities and Exchange Commission within the 30 day grace period set out in OTCBB Rule 6530. As a result of missing this deadline, the Company expects that trading of its common stock will be temporarily moved to the "Pink Sheets."
The Board of Directors and staff of the Company are working closely with its auditors to complete the audit as soon as possible.
While the Company regrets this temporary deficiency, the Directors feel that it is important to complete a very thorough audit to ensure that all matters relating to the Company’s financial position are completely and accurately presented prior to finalizing the several significant business initiatives currently underway.
The Directors feel that the Company’s future is exceptionally bright and are confident that, at this critical juncture, this delay will be short and worthwhile.
About Organic Recycling Technologies Inc.
Given the demand for recycling technology, Organic Recycling Technologies Inc. is ready for the boundless market opportunities for recycling technologies, waste management technologies and organic recycling technologies. The world is buried in mountains of waste and the world needs solutions. Organic Recycling Technologies Inc. is incorporating the best technologies in the waste and recycling industries, so it has the best solutions today and tomorrow.
Forward-Looking and Cautionary Statements:
Certain statements contained herein, including, without limitation, statements containing the words "believes", "intends" and other words of similar import, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Organic Recycling Technologies Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In particular, if trading of its common stock is removed from the OTC Bulletin Board, there are no assurances that Organic Recycling Technologies Inc. will be able to successfully re-apply to have its common stock trade on the OTC Bulletin Board. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Organic Recycling Technologies Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.
On behalf of the Board of Directors of Organic Recycling Technologies Inc.
"Chad Burback"
Chad Burback, Director
Please Contact:
Organic Recycling Technologies Inc. Toll Free: 877-419-0430 Web: www.ORTechTeam.com Email: .(JavaScript must be enabled to view this email address)