It's the greenest company among Oklahoma's pink-sheet stocks.
Totally Green Inc. — stock symbol TLGN, over the counter — “promotes sustainability, cost efficiency and environmental stewardship by offering the ORCA Green Food Composter” to businesses and companies, mostly commercial and institutional kitchens.
The ORCA, for “Organic Refuse Conversion Alternative,” helps manage food waste, “diverts food waste from landfills, reduces methane gas production and transportation pollution and creates meaningful cost savings for customers,” the company says on its website, www.totallygreen.com.
Totally Green ranked No. 3 on the Oklahoma Inc. list of top-performing bulletin board stocks in 2012. There were just seven companies on the list.
For the year ending March 31, Totally Green, which was not on the list last year, had a one-year loss on stocks and dividends of 58 percent; a 155.5-percent increase in revenues; and saw no change in earnings per share. The company had a market capitalization of $18.148 million, revenues of $769,000 million and net loss of $1.944 million.
With news releases datelined “TULSA, Okla.,” but a corporate headquarters recently listed in Toronto, it's hard to tell where Totally Green Inc. actually is.
A call placed to a Tulsa phone number listed on the website was not returned by the deadline for Oklahoma Inc.
The website lists several Oklahomans among the company's leadership including Rob Phillips, former president and CEO, who is still a director. However, a $5 million investment and $15 million credit line provided by Toronto-based York Plains Investment Corp. led to changes including a new managing director and chairman, both in Toronto. The website now reports Totally Green as located in Toronto — which would bump it from the local rankings next year.
In any case, Oklahomans appear to still be involved in the company, and state and regional businesses and institutions are among customers using the ORCA food composter. Totally Green lists customers including Oklahoma State University, the University of Tulsa, Tulsa Convention Center, BOK Center and the Dallas Cowboys Stadium among its marquee customers.