23-Year-Old Princeton Dropout and Entrepreneur Creates
Product Completely Out of Garbage; Wal-Mart Canada Puts
Product in Every Store
Tuesday February 15, 5:00 am ET
TRENTON, N.J., Feb. 15 /PRNewswire/ -- TerraCycle, Inc., 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. TerraCycle expects that their product line will be on the shelves of all Wal-Mart stores throughout Canada by February. Thomas Szaky, a 23-year-old Canadian entrepreneur and Princeton University dropout, has caught the attention of CBC, which aired a 30-minute documentary based on the company's growth Sunday, February 6th on the Venture Show. TerraCycle is also negotiating for airtime on QVC in March. The company is also in discussions with Cineflix, the Canadian independent television production and distribution company which made "Dogs with Jobs," regarding a possible documentary featuring TerraCycle's eco-entrepreneurial efforts.
To make TerraCycle Plant Food(TM), organic waste is fed to millions of earthworms which transform the waste into worm poop. The worm poop is liquefied and bottled literally in used soda bottles, many collected by elementary school students across North America. TerraCycle Plant Food(TM) has outperformed the leading chemical plant food in many aspects of plant growth in rigorous tests done at the Rutgers University EcoComplex. TerraCycle is made completely out of waste and is packaged completely in waste, making it one of the first certified organic products that is actually priced competitively with the leading chemical alternatives.
"Since I left Princeton the company has grown to over 30 employees with offices in the US and Canada and has raised $1.4 million US dollars. I recently gave a lecture at Cornell University and was overwhelmed by the excitement about our company and its products," said Thomas Szaky, CEO of TerraCycle.
About TerraCycle, Inc.
Founded in 2001 by Princeton University students, TerraCycle began as a venture to pursue an aggressively growing eco-capitalist business model, which is attained by relying solely on waste as the raw material. From running school fundraisers where students collect used soda bottles, which are used as packaging for TerraCycle Plant Food(TM), to locating in inner cities, TerraCycle is bringing not only a high-growth business model but also a high environmental and social return, and is dedicated to proving that you can be more profitable if you do good.
Source: TerraCycle, Inc.
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