BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

October 31, 2007 14:07 ET

BioteQ Named to British Columbia's Top 100 List

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - BioteQ Environmental Technologies, Inc. (TSX:BQE), a leader in the treatment of metal and sulphate contaminated water, was named today as one of British Columbia's "Top 100 Strongest and Fastest Growing Publicly-Traded Companies" by the Vancouver Sun newspaper. The list, assembled by accounting firm Ernst and Young, is based on an algorithm developed by the University of British Columbia's Sauder School of Business that reviews stock performance, financial statements, revenue, and employee counts. BioteQ ranked 18th in terms of share price gain, and 37th in terms of overall company growth.

Brad Marchant, BioteQ's President & CEO stated, "We are pleased to be recognized as one of British Columbia's fastest growing companies. This is the first year we have been included on the list, and reflects the significant growth BioteQ is experiencing. We are ramping up our water treatment plant projects around the world; in addition to operating our existing plants in Canada and the US, we are constructing five new plants, in locations including Australia, China, Mexico, and the US, with a strong development pipeline of future projects."

BioteQ provides water treatment solutions for metal and sulphate contaminated water from mining and industrial sources, treating acid mine drainage, mineral processing water, industrial wastewater and contaminated groundwater. Global expansion in the mining sector, combined with increasing demands for water and stricter environmental standards are driving demand for BioteQ's water treatment solutions.

BioteQ Corporate Profile

BioteQ finances, builds, owns and operates water treatment plants for the world's mining companies and utility operators, reducing environmental liabilities while generating revenue from 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 than can be discharged safely to the environment. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, go to www.bioteq.ca.

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