TSX Symbol: ORI
WOODBRIDGE, ON, Oct. 25 /CNW/ - ORMI Chairman & CEO, Charles Buehler,
announced yesterday at the Company's Annual General Meeting of the
shareholders, that preliminary biogas production results have demonstrated
that the addition of less than 15% (by volume) of ORMI's feedstock to the
Klaesi anaerobic digester ("AD") has increased electricity production from 700
kWhrs per day to 2,400 kWhrs per day over manure alone.
These results were obtained from continuous operation of the Klaesi AD,
the first and only Ontario AD to date permitted to receive off-farm feedstock.
As previously announced, ORMI has an exclusive, 20-year contract to supply its
organic feedstock to the Klaesi AD.
ORMI collects a variety of organic residuals from more than 5,000
foodservice and food industry customers in Ontario. It then processes and
blends these residuals to create high energy organic feedstock for use in
anaerobic digesters to increase the generation of biogas renewable energy over
The Company also reports that at the Annual General Meeting the nominees
to the board of directors were elected and that all resolutions including the
special resolution to consolidate the common share of the Company were passed.
The presentation from the Annual General meeting and this press release
are available on the Company's official on-line investor relations site. For
investor commentary, feedback and questions, please visit the investor
relations section of the Company's website at
http://www.ormi.com/ORMI_Investor.asp. Alternatively, investors are asked to
e-mail all questions and correspondence to email@example.com where they can also
request addition to the Organic Resource investor e-mail list to receive all
future press releases and updates directly.
About Organic Resource Management Inc.
Organic Resource is Canada's largest provider of vacuum truck services
for the collection, treatment and disposal of organic and other non-hazardous
liquid waste. ORMI services in excess of 8,000 commercial, industrial,
institutional and residential customers in Ontario, Quebec, and British
Columbia. Further information about ORMI may be obtained at the Company's web
site at www.ormi.com.
Note: Certain information contained in this press release may be
forward-looking and therefore subject to unknown risks or uncertainties. The
actual results, performance or achievements of Organic Resource Management
Inc. may differ materially from the results, performance or achievements of
the Company expressed or implied by such forward-looking statements.
For further information:
For further information: Corporate Inquiries: Charles H. Buehler,
Chairman & Chief Executive Officer, firstname.lastname@example.org