BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

October 04, 2007 21:11 ET

BioteQ Named One of BC's Top Exporters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - BioteQ Environmental Technologies Inc. (TSX:BQE) has been named one of British Columbia's Top 25 Exporters for 2007 by the Canadian Manufacturers and Exporters, BC Division.

"BioteQ has expanded into several new international markets in 2007. In addition to our activities in the US, in the last year we have started projects in China, Australia, Chile and Mexico, where we are investing to build and operate water treatment plants for metal recovery and environmental compliance. We help the property owners, who are typically international mining companies, reduce their environmental liabilities, while generating revenue from their waste water," stated Brad Marchant, President and CEO. "We are pleased to be recognized for our contribution to British Columbia's export base."

BC's Top 25 Exporters include the top three candidates in 8 sector categories plus the Leadership Award winner. BioteQ is a finalist in the New Exporter category. Category winners will be announced at a luncheon event on November 23 at the Hyatt Regency Vancouver.

The BC Export Awards are the most prestigious awards for export in the Province of BC. The awards recognize the innovative approaches and unique contributions of BC companies across all sectors and in all regions of the province.

BioteQ Corporate Profile

BioteQ finances, builds, owns and operates water treatment plants for the world's large mining companies and utilities operators to help them reduce their environmental liabilities while generating revenue from their waste. The company's commercially proven technology treats acid mine drainage and other metal-laden waste water by sequentially removing metals and sulphate, producing saleable metal products and clean water that can be discharged safely to the environment. BioteQ's partners include Phelps Dodge (Freeport), Breakwater, CVRD-INCO, Jiangxi Copper, Aditya Birla, Molymet, Xstrata, EPCOR Water Services and the US EPA. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, go to www.bioteq.ca.

About Canadian Manufacturers and Exporters

Canada's largest trade and industry association, CME promotes the continuous improvement of Canadian manufacturing and exporting through engagement of government at all levels. Its mandate is to promote the competitiveness of Canadian manufacturers and enable the success of Canadian goods and services exporters in markets around the world. CME's membership is drawn from all sectors of Canada's manufacturing and exporting community and from every province across the country. The association represents Canada's leading global enterprises and more than 85% of CME's members are small and medium-sized enterprises. Together, CME's membership accounts for an estimated 75% of total manufacturing production and 90% of Canada's exports.

On behalf of the Board of Directors

Brad Marchant

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "might" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Annual Report for the Year Ended December 31, 2006. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • BioteQ Environmental Technologies Inc.
    Tanja McQueen
    Investor Relations
    (604) 685-1243 or 1-800-537-3073
    or
    BioteQ Environmental Technologies Inc.
    Caren Holtby
    Investor Relations
    (604) 685-1243 or 1-800-537-3073
    (604) 685-7778 (FAX)
    Email: investor@bioteq.ca
    Website: www.bioteq.ca
    or
    Wolfe Axelrod Weinberger Assoc LLC - In the U.S.
    Adam P. Lowensteiner
    (212) 370-4500
    Email: adam@wolfeaxelrod.com
    or
    Wolfe Axelrod Weinberger Assoc LLC - In the U.S.
    Alisa D. Steinberg
    Media
    (212) 370-4500
    (212) 370-4505 (FAX)
    Email: alisa@wolfeaxelrod.com