OGNG – BIG NEWS RELEASED
MONTREAL, Sep 09, 2009 (MARKETWIRE via COMTEX) — Organa Gardens International Inc. (OGNG 0.13, +0.04, +38.89%) reports that the Company’s completed proto-type Organa Garden Systems OGS-E (Enterprise) has been tested, utilized and is ready for market in the multi-billion dollar organic food industry globally. The prototype which is the commercial version of Organa’s food wheel has been growing successfully without any major concerns. Organa’s specially developed nutrient formula for growing the best hydroponic vegetables is the nutrient fertilizer used. It was developed by its organic farming consultants based in China, who have several decades of organic farming experience. Organa Gardens also maintains continuous aeration of the hydroponic solution, a highly important step to ensure that the hydroponic vegetables are healthy, vigorous and consistently reliable. Organa has also mastered the proper light source and degree of atmosphere control and water management.
Organa is now confident that it can now bring the OGS-E to commercialization. The Company feels that its protocol will grow the safest produce you can buy and it will be a significant participant in the fast growing hydroponic organic market.
In May 2009, Organic Trade Association released results of their 2008 Manufacturers survey. This is an annual survey to track the sales and growth of organic food and other organic products. In 2008 the sales of organic food grew 15.8% to reach $22.9 billion in the USA. Non-food organic products grew by 39.4% to reach $1.6B. Organic food sales have grown from $4B in 1997 to almost $23B in 2008. Also note the significant increase in the market share percentage that organic has of the overall food basket. Organic foods now make up 3.5% of all food sales in the U.S.A.
In Canada, organic food sales are estimated at $1.5 to $2 Billion per year and the overall market share is approximately 2%. In China, the organic foods market is $13 billion and growing fast. The 2009 market report for the UK has now been released by the Soil Association, showing that UK sales of organic products increased overall by 1.7% in 2008 to over GBP 2.1 billion.
The Middle East is considered to be the fastest growing market for natural and organic foods. As per the current estimate, the global market for these alternatives to conventional food is to the tune of US$220 billion, while the Asian market, including the Middle East is estimated to be at over US$500 million.
About Organa Gardens International Inc.
Organa Gardens International Inc. has a vertical hydroponics farming system built to make the most efficient use of light, energy, water, land, temperature and production cycle while growing the highest quality and healthiest plants in an optimum, consistent environment unaffected by weather. The Organa Garden Systems (OGS) provide a means for food production and consumption change to global environmental and ecological sustainability through vertical hydroponics rotary farming.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Organa’s filings with the Securities & Exchange Commission.
/s/ Christopher Scheive
Christopher Scheive, President
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SOURCE: Organa Gardens