Organic Recycling Technologies Inc. Announces Signed Cooperative Joint Venture Contract to Build a W

From: Organic Recycling Technologies Inc
Published: Fri Oct 07 2005

The Chongqing Group is contracted to obtain the land, all permits, 25 year guaranteed waste contracts to ensure facility profitability and a financial guarantee to purchase the facility from Organic Recycling at cost plus 20% following three months operations.

The Chongqing Group is a comprehensive state-owned enterprise group that engages in foreign economic & technical cooperation and trading activities in China and abroad.

The Chongqing Group has annual revenues exceeding $200 million per year and been operating for over 18 years, with branches on every continent and over 30 countries. The Chongqing Group is involved in contracting construction projects, project supervision, labor services provision and training, merchandise import and export, industrial manufacturing covering auto parts, garment and food processing. Its domestic businesses and joint ventures now penetrate into high-tech products manufacturing as well as tourism.

The Chongqing area of China has a population exceeding 30 million people requiring over 100 additional waste conversion facilities. The Chongqing Group will build each additional site in the Chongqing area for Organic Recycling under the same guaranteed terms and conditions as this first project.

Danny Huang, a partner in Waste Consultants Limited, Organic Recycling’s agent for China, stated, "With the signed agreement for Chongqing, China completed, all parties will move to quickly complete the first facility providing Organic Recycling Technologies a presence in China and will guarantee 100 additional sites."

Ralph Petruzzo, President of Organic Recycling stated, "Now this allows the project to move forward to the next stage of the first facility in China and this will quickly generate new multi-million dollar opportunities throughout Chongqing and China for Organic Recycling and its shareholders."

About Organic Recycling Technologies Inc.

Given the demand for recycling technology, Organic Recycling Technologies Inc. is ready for the boundless market opportunities for recycling technologies, waste management technologies and organic recycling technologies. The world is buried in mountains of waste and the world needs solutions. Organic Recycling Technologies Inc. is incorporating the best technologies in the waste and recycling industries, so it has the best solutions today and tomorrow.

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.

On behalf of the Board of Directors of Organic Recycling Technologies Inc.

"Ralph Petruzzo"
Ralph Petruzzo, President

Please Contact:
Organic Recycling Technologies Inc.

Toll Free: 877-419-0430
Company: Organic Recycling Technologies Inc
Contact Name: Ralph Petruzzo
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Contact Phone: 877-419-0430

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