EAPI Entertainment, Inc. signs letter of understanding for asset and contract purchase

EAPI Entertainment, Inc. signs letter of understanding for asset and contract purchase

EAPI Entertainment, Inc. name changes to Organic Recycling Technologies Inc.

Listed: OTC BB Trading Symbol: EPEI

BURNABY, BC, Jan. 25 /PRNewswire/ -- EAPI Entertainment, Inc. (The "Company") (OTC BB: EPEI) is pleased to announce that its board of directors has reached the final stage of the purchase of certain hauling and processing equipment assets and certain waste hauling contracts of Organic Materials, LLC of New York. The board of directors has also approved the name change of the Company to Organic Recycling Technologies Inc.

The Company is currently defining final terms and conditions for the purchase of certain assets and waste hauling contracts. These contracts include Cassela Waste Management, a leader and major player in the solid waste business in New York and the eastern seaboard, hauling solid waste from Hiram Hollow Transfer station in Moreau to numerous permitted disposal destinations.

In addition to the assets and contracts, the Company will be able to utilize the expertise, experience and industry knowledge of the principal partner of Organic Materials, LLC, Ralph Petruzzo. Mr. Petruzzo and his team have an extensive 300 plus year background in the waste and recycling industry coupled with aggressive goals and vision for this new venture.

This enables the Company to begin the implementation of its vision, to employ proven waste, organic and recycling technologies, in the eastern United States while operating in New York, the heart of business and a first class environmental state. Combining this ability with local expertise, personnel and waste company and recycling technologies, creates a unique opportunity for the Company, in the heart of the industry.

Organic Materials, LLC, whose principal is Ralph Petruzzo, is an organic waste sales and service company with environmental recycling and handling permits, a fleet of trucks and numerous long term transportation contracts for organic waste. Organic Materials, LLC generates revenue from sales, hauling and recycling of topsoils, bark mulches, growing mediums, compost and animal manures. The purchase by the Company of certain assets and waste hauling contracts, including a contract with Cassela Waste Management, from Organic Materials, LLC, immediately creates the infrastructure for the Company to prosper.

These purchased assets and contracts can grow as quickly as required to support numerous additional waste and recycling contracts, new projects and new ventures in the New York and surrounding areas hauling, processing, transferring, recycling and disposing of solid and recyclable waste.

The purchase price for the assets and waste hauling contracts is US$1,120,000. The vendor has accepted a convertible debenture from the Company of US$1,120,000 in full consideration of the purchase price.

Chad Burback, Director of the Company, stated, "This acquisition is the first step of the Company launch into this new venture and allows us to establish ourselves with the leaders in the waste industry. This demonstrates the new direction and the beginning of active growth in Organic Recycling Technologies. The world's environmental problems can only be solved by the utilization of the best technologies, best visions and established leaders in the environmental industry."

Organic Recycling Technologies Inc.
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The Board of Directors approved the Company to change its name on January 21, 2005 to Organic Recycling Technologies, Inc. This change gives the Company the direction and establishes a clear message for all of it business efforts in Organic Recycling Technologies. The Company is incorporating the best technologies in the waste and recycling industries, so it has the best solutions today and tomorrow. The Company will immediately proceed to complete all required filings for the name change and provide updates on our progress.

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 EAPI Entertainment, 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. EAPI Entertainment, 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.

For further information please contact (604) 419-0430.

On behalf of the Board of Directors of: EAPI Entertainment, Inc.

"Chad Burback"

Chad Burback, Director



Source: EAPI Entertainment, Inc.

CONTACT: (604) 419-0430


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