Naturally Iowa, Inc. Changes Its Ticker Symbol to TLGN, in Connection With Recent Recapitalization and Strategic Refocus
04 Noviembre 2010 - 7:35AM
Following its recent recapitalization and strategic refocus,
Naturally Iowa, Inc. (Pink Sheets:NLIA) has changed its name to
Totally Green, Inc. (the "Company"). The Company's new ticker
symbol will be TLGN. The trading name change and the ticker
symbol change will be effective November 4, 2010.
In connection with the recapitalization, the Company's
management made the strategic decision to lease and ultimately sell
the Company's dairy facilities and focus exclusively on its
compostable PLA-bottling and ORCA Green Machine.
The Company also acquired the trademark and technology of
Totally Green LLC, a privately-held manufacturer of industrial
composting reactors based in Marietta Georgia, in August of
2010. These reactors – dubbed "ORCA Green Machines" – can
compost the Company's PLA bottles, along with food waste (and other
compostable waste) within 48 hours. Accordingly, the ORCA
Green Machine and the Company's PLA bottles are natural
complementary products for customers looking to adopt sustainable
practices and reduce waste. The ORCA Green Machines are
manufactured in Tulsa, Oklahoma.
William Horner retains a significant interest in the Company,
and has remained as CEO and a member of the Company's Board of
Directors. Rob Phillips serves as Chairman of the Board and has
been appointed as the Company's President. Mr. Nate Baker serves as
the Chief Operating Officer, and Ms. Sherril Harris has been
appointed as National Sales Manager, and Ryan Casey serves as Vice
President of the Orca division. Corporate headquarters have
been relocated from Clarinda, Iowa, to Tulsa, Oklahoma.
THIS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS."
FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS,
OBJECTIVES, ANTICIPATED SALES, REVENUES, GOALS, STRATEGIES,
EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS,
OR PERFORMANCE UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND
OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE
FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES
CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL
EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING
STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND
RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED
WITH A SMALL COMPANY, UNCERTAINTIES ASSOCIATED WITH THE MARKETING
OF THE CLOSED-LOOP COMPOSTING SYSTEM, THE RESPONSE OF OTHERS WHO
MAY OFFER COMPETING ENVIRONMENTAL TREATMENT TECHNOLOGIES, THE
COMPANY'S COMPARATIVELY LIMITED FINANCIAL RESOURCES, THE EXTENT TO
WHICH MARKET TRENDS AND CONSUMER PREFERENCES MAY CONTINUE AND THE
UNCERTAINTIES OF COMPETITIVE PRESSURE FACING THE
COMPANY. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN
SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO
UPDATE OR REVISE SUCH STATEMENTS.
CONTACT: Totally Green, Inc.
Nate Baker
(918) 619-9700.
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