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June 4, 2007 – ORANGEVILLE, Ontario, – Organic Recycling Technologies Inc. (“The Company”) (Pink Sheets: ORCY.PK) – today announced that Mr. Ed Kroeker, President & CEO, has released his due diligence review of the past history of the Company concerning the appointment of Michael D. Brown to the Company’s Board of Directors. This appointment was first announced in a News Releases dated November 9, 2005. In his comments, Mr. Kroeker reported the following:
1. He has personally met with Mr. Brown and has had numerous telephone conversations with him; throughout all of these meetings and discussions, he was impressed with the professionalism displayed by Mr. Brown and with his attention to detail in all technical and business matters.
2. Since the original announcement in late 2005, Mr. Brown has merged his company, Brown, Vence & Associates, with HDR Engineering Inc. through an acquisition agreement. This has brought to the Company the added benefit of an expanded technical base and enlarged market penetration capabilities. HDR Engineering Inc. is an employee-owned architectural, engineering and consulting firm with approximately 6,000 professionals in 140 locations worldwide. It is ranked No. 19 in the Engineering News Record—Top 500 Design Firms rankings for 2007 and the firm reported revenues of $701 million in 2006. HDR’s business service areas include environmental engineering and science, transportation, water and wastewater treatment, power and energy, real estate development, economics, security, design-build and construction management.
3. HDR Engineering Inc. operates as an “arm’s-length” engineering and design consultant in all Company technical matters. In addition to serving on the Company’s Board of Directors, Mr. Brown functions within HDR as the project director and main point of contact for the Company. His role is to facilitate and connect the proper expertise and resources from within HDR with the Company’s various assignments. He manages each project so that it is done on-time, on-budget and in accordance with strict professional quality standards.
Mr. Brown, whose focus for the Company, at the present time, is the China market, recently stated the following: “There is nothing more important in our business today than working to reduce greenhouse gases; I am privileged to help Organic Recycling Technologies Inc. with several environmental projects in China that will reduce the garbage going into their dumps, recover recycled and composted materials, and reduce carbon emissions. Our work there will contribute to a cleaner, greener, and hopefully, cooler Earth.”
Mr. Kroeker, in his concluding remarks, stated the following: “I spent 18 years in the engineering consulting business; I know from experience how important it is to have a strong engineering capability in order to achieve market penetration in the environmental technology industry since it is a market largely controlled by engineers. We are very privileged to have a strong individual such as Mr. Brown on our Board of Directors and to have all the resources of a very large and highly respected international engineering firm working so closely with us.”
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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