SOURCE: The Beard Company

September 14, 2005 16:46 ET

The Beard Company Announces Opening of Initial Fertilizer Manufacturing Plant in China

OKLAHOMA CITY, OK -- (MARKET WIRE) -- September 14, 2005 -- The Beard Company (OTC BB: BRCO) today announced that the grand opening of its initial fertilizer manufacturing facility in the People's Republic of China was held on September 8, 2005. More than 80 attendees were present at the opening ceremony, including several government officials from Xianghe County, Hebei Province, and the surrounding area. Also in attendance were W. M. Beard, Chairman of The Beard Company, Riza Murteza, Chairman of Beard Environmental Engineering, L.L.C. ("BEE"), other management members and employees, and prospective distributors. Yin Zhigang, Secretary of the County Committee of Xianghe County, opened the ceremony and congratulated the Company on opening its first plant.

BEE has formed a limited liability company, BEE/7HBF, LLC ("BEE/7HBF"), a 50%-owned subsidiary which is expected to own all of our fertilizer operations in China. BEE/7HBF has formed Xianghe BH Fertilizer Co., Ltd., a wholly owned foreign enterprise that will serve as the marketing arm for the fertilizer we produce in China.

The new plant is located approximately 37 miles southeast of Beijing. It produces a revolutionary new, environmentally friendly, Organic Chemical Compound Fertilizer ("OCCF"). The new fertilizer uses up to 62% less chemicals, yet provides superior performance compared to chemical fertilizers presently used in China. The plant is expected to produce about 550 metric tons of OCCF this month, and gradually ramp up production until it reaches its targeted production of 2,667 metric tons in December of 2005. Upon reaching full production, the initial plant is targeted to produce 32,000 metric tons per year.

Herb Mee, Jr., President of the Company, stated: "We have looked forward to this day since announcing the financing of the facility seven months ago. The opening of this plant represents a significant step forward for the Company as we continue our efforts to achieve a major turnaround in our financial and operating results."

The Beard Company's common stock is traded on the OTC Bulletin Board under the symbol: BRCO. Its operations consist principally of coal reclamation activities, carbon dioxide (CO2) gas production, the construction of fertilizer plants in China, and its e-commerce activities aimed at developing business opportunities to leverage starpay™'s intellectual property portfolio of Internet payment methods and security technologies.

Statements regarding future profitability and operations, including the timing of those activities, are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act. The statements involve risks that could significantly impact The Beard Company. These risks include, but are not limited to, adverse general economic conditions, unexpected costs or delays or other unexpected events, as well as other risks discussed in detail in our filings with the Securities and Exchange Commission. We assume no duty to update or revise our forward-looking statements based on changes in internal estimates or otherwise.

Contact Information

  • FOR FURTHER INFORMATION CONTACT:
    Herb Mee, Jr.
    Fax Number (405) 842-9901
    Email: Email Contact

    THE BEARD COMPANY
    Enterprise Plaza, Suite 320
    5600 North May Avenue
    Oklahoma City, Oklahoma 73112
    (405) 842-2333 OTCBB: BRCO