Company News
Organic Resource Closes on Related Party Relationships
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Organic Resource Management Inc.
3700 Steeles Avenue West, Suite 601
Woodbridge, Ontario L4L 8K8
TEL: (905) 264-7700 FAX: (905) 264-7273
E-mail: info@ormi.com
Website: www.ormi.com
September 20, 2007 TSX Symbol: ORI
NEWS RELEASE
Organic Resource Closes on Related Party Relationships
Woodbridge, Ontario - September 20, 2007. Organic Resource Management Inc. ("ORMI" or the "Company") has completed the three related party transactions as previously announced, and thereby has eliminated the related party relationships with respect to the software and patented technologies that the Company uses.
On August 29, 2007 the Company announced that it had reached agreement to eliminate related party relationships as part of a multi-step restructuring program that includes simplifying and strengthening the Company's balance sheet, organizational structure and its management.
The three related party transactions resulted in the Company purchasing: (i) 100% of the shares of ORMI Information Systems Inc. (formerly Path Information Systems Inc.), a related software company; (ii) the Canadian patents for Direct Land Application Process and Organic Resource Recovery System from a related company; and (iii) the 30% equity interest in NCS Environmental Services Ltd. that it does not already own, from a related company.
This press release is available on the Company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to 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 info@ormi.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 .
CONTACT INFORMATION
Corporate Inquiries
Charles H. Buehler,
Chairman & Chief Executive Officer
info@ormi.com
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