SOURCE: BioNitrogen Holdings Corp.

BioNitrogen Holdings Corp.

September 08, 2014 09:00 ET

BioNitrogen Appoints Paul B. Savoldelli to Its Board

WEST PALM BEACH, FL--(Marketwired - Sep 8, 2014) - BioNitrogen Holdings Corp. (PINKSHEETS: BION), a cleantech company that utilizes patented technology to build environmentally-friendly plants in the US that convert biomass into urea fertilizer, announced today that the company has added Paul B. Savoldelli as a board member effective immediately. Mr. Savoldelli will replace Dr. Terry Collins, one of the founders of BioNitrogen's patented technology, who will continue to serve on the company's Technical Advisory board.

Currently the Chief Executive Officer of Americas Management, Savoldelli has over 25 years of experience in international transactions, with a primary focus in Latin America. Having served on the Board of Directors of a number of companies such as Telefonica de Argentina, Citicorp Equity Investments and Fox Pan American Sports, he possesses the appropriate set of management and leadership skills.

Savoldelli has lived and worked in many countries including, Mexico, Argentina, England and Saudi Arabia. He received his B.A. in International Relations and Spanish from UCLA and his J.D. from the University of Michigan.

"We are delighted to have a seasoned executive such as Paul join our board," said Carlos A. Contreras, Sr., Chairman of BioNitrogen. "His demonstrated expertise and international experience will undoubtedly prove valuable to our company's continued success."

"We are also pleased that Terry Collins will continue to serve on our Technical Advisory Board and will help advise us on research, development and engineering related to the plants and technology." Contreras added, "His contributions to the board thus far have been invaluable."

About BioNitrogen Holdings Corp.
BioNitrogen Holdings Corp. (PINKSHEETS: BION) is a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer. Our mission is to provide safe, cost effective, green solutions that are economically beneficial in locations where biomass is produced and urea is consumed. Additional information can be found at www.BioNitrogen.com

Safe Harbor Statement
The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company's expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

Contact Information