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April 23, 2007 – ORANGEVILLE, Ontario, – Organic Recycling Technologies Inc. (“The Company”) (Pink Sheets: ORCY.PK) – today announced that Mr. Ed Kroeker, President & CEO, has had time now to complete a due diligence technical review and business review of the past history of the Company and he has issued instructions to disseminate the results of his review for the benefit of all shareholders. This is the first in a series of due diligence reports and it is concerning the agreement that has been made with Waste Consultants Ltd. and which was first announced in a news release dated April 7, 2005. Mr. Kroeker has summarized his review of that agreement with the following observations:
1. The principals of Waste Consultants Ltd. (WCL) have demonstrated their ability to identify a number of important site specific project opportunities in China which the Company is vigorously pursuing together with HDR Engineering, its arms-length consulting engineering firm;
2. The projects which WCL has brought to the Company include wastewater treatment projects, solid waste management projects and wind energy projects, all of which are being pursued at specific sites in China;
3. The principals of WCL have been both willing and successful in introducing Company representatives to very senior leaders and decision makers for each of these projects; and
4. The current status, at least, indicates that the principals of WCL are demonstrating success in identifying and sourcing the necessary financing in China to bring many of these key projects to fruition.
Mr. Kroeker stated the following in his remarks, “I learned from my engineering experience with international projects over the past 35 years that success was always dependent on having local partners with strong political connections and with access to and connections into local capital markets for project financing. The business relationship with Waste Consultants Ltd includes all the key elements which I have observed to be crucial to market success overseas. I am also very encouraged by a history of positive relationship between Waste Consultants Ltd. and HDR Engineering. I look forward to seeing the results over the next few months.”
For additional information and press releases about Organic Recycling Technologies Inc., visit the Company’s web site at http://www.ortechteam.com.
About Organic Recycling Technologies Inc.
Organic Recycling Technologies, Inc. is an environmental engineering solutions company that provides effective and sustainable waste management, recycling and reusable energy solutions to communities around the world. The Company’s mission is to exploit, integrate and implement leading waste management, recycling and reusable energy technologies with the objective of creating a cleaner and healthier global environment and capitalizing on profitable opportunities for its shareholders.
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" within the meaning of Section 27A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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. 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.
Please Contact:
Organic Recycling Technologies Inc.
Toll Free: 877-419-0430
Web: www.OrtechTeam.com
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