N-Viro International Corporation Provides Pennsylvania Mobile Facility Update
TOLEDO, Ohio, Aug. 3 /PRNewswire-FirstCall/ -- N-Viro International Corporation (OTC Bulletin Board: NVIC) ("N-Viro"), an environmental technology company that markets an alternative fuel manufacturing process and agricultural products, reported today on the status of the Company's mobile N-Viro Fuel™ facility that will initially be placed in Western Pennsylvania. This full-scale facility, which has been permitted for operation by the Pennsylvania Department of Environmental Protection, remains scheduled for full production commencing in late September or early October.
The equipment for the mobile system has, with the exception of the necessary drying system, been acquired and is now being readied for installation by N-Viro personnel. The drying system is approximately fifty percent assembled and remains on schedule for delivery to the Pennsylvania site in early/mid September. Additionally, the Company is utilizing equipment that had been idle from previous operations. N-Viro anticipates the actual setup of the Pennsylvania facility to commence around September 15th.
The purpose of the mobile system is to prepare quantities of N-Viro Fuel™ to facilitate necessary testing with cooperating power facilities. The Company expects the initial test in Pennsylvania, once completed, to evolve into a long-term agreement via a purchase order for the N-Viro Fuel product. This mobile system will thereafter be available for use at various locations to demonstrate the N-Viro Fuel process to other municipalities and provide required test fuel quantities for power companies throughout the United States. This mobile system is expected to be a key component to developing N-Viro Fuel™ facilities for several years to come.
About N-Viro International (www.nviro.com)
N-Viro International is an environmental and materials operating company that owns patented technologies to convert various types of waste into beneficial alternative fuel products, including the renewable biofuel N-Viro Fuel™ and N-Viro Soil™. Its renewable biofuel technology, N-Viro Fuel™, has received alternative energy status from the U.S. Environmental Protection Agency, which qualifies the technology for renewable energy incentives. N-Viro International operates processing facilities independently as well as in partnership with municipalities.
N-Viro maintains a web site at www.nviro.com, where interested parties can follow the progress of the Company. N-Viro will continue to routinely post press releases on the site and encourages stockholders and interested parties to monitor the site on a regular basis.
Special Cautionary Note Regarding Forward-Looking Statements
The Company cautions that words used in this document such as "expects," "hopes", "anticipates," "working to", "believes" and "may," as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward-looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to differ materially from those described herein. For example, while the Company expects business expansion projects to begin in an estimated time frame, such expectations are subject to adverse economic conditions and other factors outside of the Company's control. Further, the Company's ability to increase capabilities and expand capacity is subject to the ability of the Company or its partners to access sufficient capital to pay for this expansion, which will further depend on, among other factors, market acceptance. The Company's ability to achieve profitability of these projects could be negatively impacted if there is a lack of an adequate supply of waste or expenses increase above the Company's expectations - including fuel and transportation costs, labor costs and costs relating to the treatment and processing of the biosolids and creation of the N-Viro Soil or N-Viro Fuel. In addition, while the Company believes that trends in "greener" energy solutions are moving in favor of the Company's technology, such trends may not continue or may never result in increased sales or profits to the Company because of the availability of competing products and other alternative energy source. All of these factors, and other factors, will affect the profitability of the Company. Additional information about these and other factors that may adversely affect these forward-looking statements are contained in the Company's reports, including its Annual Report on Form 10-K for the year ended December 31, 2009 and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws.
For More Information Contact: |
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Timothy Kasmoch, CEO |
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[email protected] (419) 535-6374 |
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SOURCE N-Viro International Corporation
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