BioNitrogen Corp.
PINKSHEETS : BION

BioNitrogen Corp.

March 07, 2012 07:00 ET

Bio Nitrogen Corp. (BION) to Commence Up-Listing to the OTCQB

The Company has Retained Cronin & Company to Complete Audited Financials

MIAMI, FLORIDA--(Marketwire - March 7, 2012) - BioNitrogen Corp. (PINKSHEETS:BION) a developer of revolutionary patent-pending technology for converting renewable and abundant biomass waste into high-nitrogen urea and urea fertilizer announced today it has taken steps to up-list to the OTC.QB market tier consistent with recent market events and key strategic partnerships that will position the company for strong sustained growth.

BioNitrogen retained the PCAOB Registered Public Accounting Firm, Cronin & Company, to perform its audits in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB).

The Company plans to have its fully audited financials completed by 30 March, 2012.

The OTC.QB tier designates OTC-traded companies that have operating businesses and provide substantial disclosure to the marketplace. For BION securities to be quoted on the OTC.QB tier, the Company must be fully reporting with the SEC and must be Current in all disclosures.

"We have recently achieved a number of significant milestones and we believe that we will attain many more in the coming months. We'd like to thank all of our shareholders for their support during the recent early stage of our pending growth and look forward to driving our business forward internationally," stated Mr. Michael McCarthy, Chief Financial Officer of BioNitrogen Corp. "This is a very large step for us in our goal to up-list to a higher exchange, and Cronin & Company is a professional, very reputable audit firm. As we continue to grow our business and investor base internationally, we see many advantages associated with up-listing to the OTC.QB that are in direct parallel to the numerous investment opportunities available to us in the international marketplace."

About BioNitrogen Corp.

BioNitrogen is an entrepreneurial, American company that has been established to design and to build fully operational, turnkey manufacturing facilities to produce urea. BioNitrogen is undertaking these efforts in response to the challenges presented by an ever expanding world population, a rapidly increased need for food production, and an awareness of the fragility of the world's environment. Given all these challenges and the promise that the Company's products possess to effectively respond to these challenges, the Company believes that it is positioned at the right place and time. BioNitrogen's modular plant designs are capable of manufacturing 15 tons of urea fertilizer per hour for a total annual production of approximately 124,200 tons per plant.

BioNitrogen is headquartered in Miami, Florida, USA and trades on the over-the-counter pink current information tier under the stock symbol BION. Learn more at http://www.BioNitrogen.com/Invest_Today/.

Additional information can be found on BioNitrogen's website at www.BioNitrogen.com and an executive corporate summary video can be viewed here, http://www.BioNitrogen.com/slides/bionitrogen-video/.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - This press release contains forward-looking statements, including without limitation statements about the operations and future prospects for BioNitrogen Corp. (the "Company"). Forward-looking statements in this press release should not be viewed as pledges or undertakings regarding future performance. These forward-looking statements are subject to risks and uncertainties that could cause the Company's actual results to vary materially from those anticipated. The Company cautions the reader not to place too much reliance upon any such forward-looking statements, because such forward-looking statements reflect the opinions and beliefs of the Company only as of the date when they were made. Factors that may cause actual results to differ materially from the forward-looking statements contained in this release include, among others, the following: (i) the Company's future operational, financial or marketing performance; (ii) the ability of the Company to bring new products to market that are complementary to the products that the Company currently produces; (iii) the ability of the Company to increase or maintain profit margins on the products it offers to the marketplace; (iv) the strength of the Company's product development pipeline; (v) the Company's growth and profitability prospects; (vi) the estimated size and growth prospects of the natural fertilizer market; (vii) the Company's competitive position in the natural fertilizer market and its ability to take advantage of future opportunities in this market; (viii) the benefits of the Company's products to be realized by customers; (ix) the receptiveness of the agricultural and commercial market for bulk urea or other products that the Company manufactures; and (x) a reduction in the cost of natural gas or other inputs that may make the cost of producing urea using alternate methods less expensive compared to the cost of producing urea at one of the Company's plants. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made. The Company does not have any obligation to update forward-looking statements should circumstances change or should management's beliefs or opinions change.

To view the photo associated with the BioNitrogen Urea Pellet, please visit the following link: http://media3.marketwire.com/docs/UreaPellet.jpg.

To view the photo associated with the BioNitrogen website, please visit the following link: http://media3.marketwire.com/docs/Website.jpg.

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