Organic Resource Management Inc.
TSX VENTURE : ORI

Organic Resource Management Inc.

January 05, 2011 09:00 ET

Organic Resource Management Inc. Appoints Duff & Phelps to Assist in Exploration of Strategic Alternatives

WOODBRIDGE, ONTARIO--(Marketwire - Jan. 5, 2011) - Organic Resource Management Inc. (TSX VENTURE:ORI) ("ORMI" or "the Company") today announced that its Special Committee of independent Directors has retained Duff & Phelps Corporation (NYSE:DUF) as financial advisor to evaluate and assist in the exploration of strategic alternatives available to maximize shareholder value. The Company announced the formation of the Special Committee on December 13, 2010 in response to a number of expressions of interest recently received from third parties to acquire the Company.

Charles Buehler, Chairman & CEO of ORMI, said, "Last month, we signalled our intent to formally review strategic alternatives, including a possible sale of the Company. Duff & Phelps will provide the counsel necessary to ensure that this review process is carried out in a deliberate and thoughtful fashion with the goal of realizing maximum value for our shareholders."

The Board of Directors cautions the Company's shareholders and others considering trading in its securities that there can be no assurance regarding the timing of, or whether, this process will result in any sale or other transaction. The Company does not intend to provide updates or make any further comment until the outcome of the process is determined.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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