MIAMI, Nov. 23, 2015 /PRNewswire/ -- BioNitrogen Holdings Corp. today announced the appointment of Graham Copley as its new CEO, effective immediately.
The Board of Directors unanimously approved Mr. Copley's appointment. "Graham's wealth of knowledge and experience in the Chemical and Financial Industries has been instrumental during his short tenure as a member of the Board of Directors, and he will play a key role in reorganizing the company," said Carlos Contreras, who steps down as CEO but will remain Chairman of the Board.
Mr. Copley commented that "the company is working hard to find options for exiting Chapter 11 with a restructured balance sheet and a return to creditors."
About BioNitrogen Holdings Corp.
BioNitrogen Holdings Corp. (OTC PINK: BION) is a cleantech company that utilizes patented technology to build environmentally friendly plants that convert biomass into urea fertilizer. Additional information can be found at www.BioNitrogen.com.
Safe Harbor Statement
Statements made in this press release that express the Company's or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release.
SOURCE BioNitrogen Holdings Corp.