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ORMI Signs Agreement with Loblaws Inc.
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ORMI Signs Agreement with Loblaws Inc.
Toronto, ON, April 28, 2009 - Organic Resource Management Inc. (TSX: ORI) ("ORMI" or "the Company"), today announced the signing of an agreement with Loblaws Inc. a wholly-owned subsidiary of Loblaw Companies Limited ("Loblaw"), that will see food residuals from certain Loblaw stores converted into Biogas renewable energy through ORMI's From Leftovers to Lights® program. The From Leftovers to Lights® campaign is a promotional program that allows ORMI's customers to gain recognition for their organic residual diversion and green-energy contributions.
"At Loblaw, we are committed to finding new and innovative ways to divert waste from landfills," said Mark Schembri, Vice President, Store Maintenance, Loblaw Companies Limited. " We are looking forward to continuing to work with ORMI as we improve our environmental footprint ."
"Loblaw was a pioneer in processing organic residuals and first partnered with ORMI over ten years ago by developing and installing ORRS grinding mills at many of its Ontario stores," said Charles Buehler, CEO of ORMI. "They are continuing this pioneering approach by converting their food and grease interceptor residuals into renewable biogas energy through ORMI's From Leftovers to Lights® campaign. We are very pleased to be strengthening our relationship with Loblaw through this exclusive contract."
Under the agreement Loblaw will have exclusive rights to divert its food residuals to ORMI's Anaerobic Digesters ("ADs") as long as Loblaw can fill ORMI's AD capacity. ORMI will have the exclusive right to provide all grease interceptor pump-out services to all Loblaw stores in Ontario, and British Columbia.
ORMI's From Leftovers to Lights® program utilizes ORMI's patented Organic Resource Recovery System ("ORRS") to liquefy food residuals into a slurry. The organic slurry is then collected by the Company's vacuum trucks along with the grease interceptor residuals to be processed into AD feedstock at the Company's transfer stations and delivered to ADs under the Company's exclusive long-term AD Feedstock Supply Agreements.
About Loblaw Companies Limited
Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's largest food distributor and a leading provider of drugstore, general merchandise and financial products and services. Loblaw is one of the largest private sector employers in Canada. With more than 1,000 corporate and franchised stores from coast to coast, Loblaw and its franchisees employee over 139,000 full-time and part-time employees. Through its portfolio of store formats, Loblaw is committed to providing Canadians with a wide, growing and successful range of products and services to meet the everyday household demands of Canadian consumers. Loblaw is known for the quality, innovation and value of its food offering. It offers Canada's strongest control (private) label program, including the unique President's Choice®, no name® and Joe Fresh Style® brands. In addition, the Company makes available to consumers President's Choice financial services and offers the PC points loyalty program.
About Organic Resource Management Inc.
Organic Resource Management is Canada's largest provider of vacuum truck services for the collection, processing and disposal of food-related organic residuals. ORMI services in excess of 6,000 commercial, industrial and institutional 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, contact:
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Organic Resource Management Inc. Charles Buehler Website: www.ormi.com |
Loblaw Companies Limited Karen Gumbs Sr. Manager, Corporate Affairs Tel: 905-459-2500 ext. 6041
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