TOLEDO, Ohio, June 2, 2011 /PRNewswire/ -- N-Viro International Corporation (OTCQB: NVIC) reports a one-year contract extension between the Toho Water Authority and Florida N-Viro LP, a wholly owned subsidiary of N-Viro International. The contract renewal begins July 23, 2011. N-Viro has served the TWA South Bermuda Wastewater facility in Kissimmee, Florida since 2008. The $1.2 million annual contract extension demonstrates N-Viro's commitment to value creation. Customer satisfaction, dependability and technology expertise are the reason municipalities choose N-Viro for resource conversion and residuals management.
(Logo: http://photos.prnewswire.com/prnh/20101027/NVIROLOGO)
President and CEO Timothy R. Kasmoch expressed these words at the contract extension news. "The initial partnership buyout, expansion and equipment upgrades to Florida N-Viro are all part of the overall plan to take N-Viro to the next level. Our ultimate strategy is to develop N-Viro Fuel™ in conjunction with long-term contract agreements. The results of our development efforts in Florida have been impressive. Municipalities across Florida want to be part of N-Viro's alternative energy technology and we are working diligently to see that happen."
N-Viro International continues to pursue the development and deployment of the Company's patented alternative energy product, N-Viro Fuel™. The Company has an updated website at www.nviro.com and a social media network platform. To learn more visit the site and sign-up for e-mail alerts to follow our progress and news.
About N-Viro International
N-Viro International Corporation is an environmental and materials handling company that owns significant patented technologies to convert various residual bio-organics into renewable fuel. N-Viro Fuel™ has received alternative energy status from the U.S. Environmental Protection Agency, which qualifies the technology for renewable energy incentives. Two manufacturing facilities currently use advanced treatment for management of wastewater residuals. Both facilities are in full-scale operation producing considerable volumes of N-Viro Soil for a variety of customers.
N-Viro maintains a company blog site http://nvirointernational.wordpress.com where interested parties can follow the progress of the Company.
N-Viro will continue to post press releases on the company website and a discussion forum on the company blog site. We encourage 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," "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, 2010 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:
Timothy R. Kasmoch, CEO
|2254 Centennial Road | Toledo, Ohio 43617
| PHONE 419-535-6374 | FAX 419-535-7008
[email protected]
SOURCE N-Viro International Corporation
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