Israel Meetings Establish N-Viro Success and Increase in Process Capacity
TOLEDO, Ohio, Sept. 20, 2012 /PRNewswire/ -- N-Viro International Corporation (OTCQB: NVIC) recently attended meetings in and around Tel Aviv, Israel to explore new business opportunities, report on N-Viro Fuel™ progress to an Israeli electric company and review system data with supervisors at the Dan-Viro treatment facility. The continued success of the N-Viro process technology has gained the attention of industry experts in Israel and other countries. Foreign industry administrators have visited the Dan-Viro facility and opened new business development discussions. N-Viro International has provided facility cost estimates to potential international customers, primarily due to the collaborative project achievements of the Dan-Viro process facility and the Shafdan Wastewater Treatment plant.
Dan-Viro operates the Tel Aviv N-Viro processing facility through an agreement with N-Viro International. The new facility was commissioned in 2011 and has been in full scale operation since January 2012. Dan-Viro is owned by CRM Military & Civilian Technologies and Global Environmental Solutions (GES).
Dan-Viro representatives welcomed N-Viro International for a tour and inspection of the facility following the first seven months of full operation. The overall system designed will need to make minor improvements to optimize performance as process capacity is amplified. The Shafdan Wastewater Treatment Plant is the largest in Israel. The original intent was for the Dan-Viro facility to divert 15% of Shafdan's sewage sludge from entering the Mediterranean Sea. However, the plant has already increased production to treat up to 40% of the sludge. Annualizing current production levels would equal nearly 70,000 metric tons processed and N-Viro International collects fixed dollar payments based on production.
The visit to Israel resulted in an agreement with Dan-Viro to move forward with process improvements to enhance performance as capacity has increased, and, to provide facility cost estimates to potential customers in Israel and other countries. The outcome of the meeting with an Israeli electric company included a plan to continue communications on the development of N-Viro Fuel™, with the specific intent to examine test protocols and boiler test results as the data from the 20% test burn in western Pennsylvania is completed. The Company expects the 20% test to be complete in 2013.
Timothy R. Kasmoch, CEO and President of N-Viro International said, "We have a wonderful working relationship with this international community and feel certain that the benefits of the N-Viro process will continue to ease the pollution in the Mediterranean Sea going forward. The unsurpassed quality, versatility and simplicity of the process are why N-Viro International has been around for over 20 years providing workable solutions to some of the world's most pressing problems."
About N-Viro International
N-Viro International Corporation is a leader in the conversion of organic materials generated from industrial, agricultural and municipal sources. The Company's proprietary technologies, unique services and materials handling expertise are combined to offer turnkey solutions in both soil enrichment and alternative fuel development. The Company generates revenues derived from fees that are collected for accepting municipal biosolids and from the processing facilities in the United States and at several international sites that are either wholly owned or operated through licensing agreements.
N-Viro will continue to post press releases and current news 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.
Timothy R. Kasmoch, CEO
2254 Centennial Road
Toledo, Ohio 43617
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, 2011 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.
SOURCE N-Viro International Corporation