WOODBRIDGE, ON, Dec. 6 /CNW/ - Organic Resource Management Inc. (TSX-V: ORI) ("ORMI" or "the Company"), has noted an increased level of regulatory enforcement activity with respect to grease interceptor maintenance in a number of Canadian cities.
Metro Vancouver published an Issue Paper in June 2010 which proposed to amend Metro Vancouver's Food Sector Code of Practice so that grease interceptors would require a minimum monthly clean out of grease and a full pump-out four times a year. After public comment Metro Vancouver plans to incorporate these changes in a new draft bylaw in the spring of 2011. Metro Vancouver estimated that 63.5% of the city's grease interceptors are never pumped and that only 1% of grease interceptors meet the CSA standard of one full pump-out every four weeks (www.metrovancouver.org/boards/bylaws/BylawReview/FoodIssuePaper.pdf).
More recently, the City of Toronto has been sending notices out to the head offices of restaurants and food services operations putting them on notice that under Toronto's Sewer Use Bylaw the City expects:
- Grease traps must be installed
- A regular pump-out at least once every 4 weeks
- Pump-out manifests for the inspector to view
- No usage of enzymes, bacteria or chemicals
The City has also noted that under the Bylaw, fines can be a maximum of $100,000 for offences or continuing offences.
Although ORMI cannot determine the degree to which regulatory enforcement will take hold, aggressive enforcement activity by the cities in ORMI's core markets will have a positive and material impact on the Company's results.
About Organic Resource Management Inc.
Organic Resource Management is Canada's largest provider of vacuum truck services for the collection, processing and recycling of food-related organic residuals. ORMI services in excess of 8,000 regularly-scheduled commercial, industrial, institutional and residential customer locations across Canada. Further information about ORMI may be obtained at the Company's web site at www.ormi.com.
Forward Looking Statements
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.
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