February 14, 2005

TerraCycle receives first major retail order for product made from, packaged in, waste

TORONTO, ONT-TerraCycle, which claims to be the first company to make and package a product entirely out of waste, has received its first major big box retail order from Wal-Mart Canada. The company's line of organic plant food products line should be available at all Wal-Mart stores in Canada this month. TerraCycle Plant Food(TM) is made by feeding organic waste to millions of earthworms, whose excretions are collected, liquefied and bottled in used plastic soft drink bottles, many collected by elementary school students across North America. TerraCycle is made completely out of waste and is packaged completely in waste, making it one of the first certified organic products priced competitively with the leading chemical alternatives. The company also reports that its "worm poop" product has outperformed the leading chemical plant food in many aspects of plant growth in rigorous tests done at the Rutgers University EcoComplex. TerraCycle was founded in 2001 by Thomas Szaky, a 23-year-old Canadian entrepreneur and Princeton University dropout, who notes that, "since I left Princeton the company has grown to over 30 employees with offices in the U.S. and Canada and has raised $1.4 million US dollars." More information is available on the company's Web site, www.terracycle.net /.

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