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N-Viro Receives Funding Letter of Intent from the Commonwealth of Pa


News provided by

N-Viro International Corporation

Jun 10, 2011, 06:00 ET

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TOLEDO, Ohio, June 10, 2011 /PRNewswire/ -- N-Viro International Corporation (OTCQB: NVIC) announces a multifaceted funding and grant letter of intent from the Commonwealth of Pennsylvania to N-Viro International Corporation for the expansion of Keystone N-Viro LLC (Keystone N-Viro), a newly established wholly owned subsidiary of N-Viro.  Keystone N-Viro intends to construct, procure fixed assets, hire and train new employees for a merchant facility to commercially produce N-Viro Fuel™.

(Logo: http://photos.prnewswire.com/prnh/20101027/NVIROLOGO )

The Department of Community and Economic Development from the Commonwealth of Pennsylvania will financially assist with a combination of grants and low-interest funds  for job training, infrastructure improvements, real estate and building construction.  Funding details consist of  fixed rate low interest financing through the Pennsylvania Industrial Development Authority for a term of up to fifteen years  for land and building construction.  

The infrastructure grant improvements will provide $875,000 to the project through Allegheny Clarion Valley Industrial Park.  The expansion will integrate road construction, grading, stabilization, drainage and a distilled water treatment system.  

The Governors Action Team will provide Keystone N-Viro assistance with the application process, and coordinate with environmental permitting through the Department of Environmental Protection.  In addition, locating the facility in a state-designated Keystone Opportunity Zone  provides state and local tax relief through exemptions, deductions, abatements and tax credits.  Customized Job Training  and Guaranteed Free Training grant funds will provide Keystone N-Viro up to $15,750 for eligible training needs.

"To set the project in motion we have accepted the offering and expect to submit the final application for financial assistance on or before November 30, 2011," said Timothy R. Kasmoch, CEO and President of N-Viro International Corporation.  "These incentives offered by the Commonwealth of Pennsylvania should help to provide the catalyst needed to commercialize N-Viro Fuel™."

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 website http://www.nviro.com and 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.

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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