Pilot Project for Value-Added Product Development from Solid ...

modest profit and the vermicasts are purposed for a new product that will launch in
2010.
Project Cost
To date, NatureWorks’ expenditures are on the order of $185,000 including capex,
labor, travel and grant funds. Two projected harvests in 2010 from the CIG project
should generate a gross revenue number of ~ $460,000 with additional incremental
cost of $76,000.
Results
Validation of product pricing, along with the promise of margin improvement
during the next 24 months, is most likely the best result to date. The project has
also created the opportunity to further validate/improve vermicomposting
techniques, as well as to collaborate with two other small companies that will
further enhance remediation capabilities and product line. It is the consensus of
NWO’s board that the results to date of this project have exceeded the original
justification for projected and unanticipated costs to date.
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