TOLEDO, Ohio, Oct. 11 /PRNewswire/ -- N-Viro International Corporation (OTC Bulletin Board: NVIC) announced today the N-Viro Fuel™ mobile energy system for production of N-Viro Fuel™ is in transit. The initial project phase includes delivery of the portable unit to our permitted site in Western Pennsylvania. N-Viro crews expect to complete assembly promptly.
The actual project started last year with design, permitting and equipment purchases. The mobile system is the first of its kind to produce N-Viro Fuel™ for co-fire testing at power generation stations. The portable system has the capability to produce alternative fuel where needed, and can operate at multiple facilities in different states where development efforts have been underway.
According to Dr. Terry Logan, "The project is not only viable but the most ecologically aware use of wastewater residuals." Dr. Logan is an expert in environmental conservation and a significant participant in the invention and development of the N-Viro Fuel™ energy system.
Timothy R. Kasmoch, CEO and President of N-Viro International, had these remarks, "Our N-Viro Fuel™ mobile unit is a financially feasible way to prove the technology quickly and efficiently. The goal is rapid development of N-Viro Fuel™."
About N-Viro International (www.nviro.com)
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 website www.nviro.com and a company blog site http://nvirointerational.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, 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.
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SOURCE N-Viro International Corporation