BioNitrogen Corp.

BioNitrogen Corp.

January 31, 2012 07:00 ET

BioNitrogen Corp. (BION) Announces Michael P. McCarthy as Chief Financial Officer

MIAMI, FLORIDA--(Marketwire - Jan. 31, 2012) - BioNitrogen Corp. (PINKSHEETS:BION), the developer of a revolutionary patent-pending technology for converting renewable biomass waste into high-nitrogen urea fertilizer, is pleased to announce the appointment of Michael P. McCarthy MBA, BSBA, as Chief Financial Officer.

In his role as Chief Financial Officer, Mr. McCarthy will work closely with Dr. Terry Collins, President and CEO, in the development of the Company's strategic vision and planning, providing financial oversight on daily operations, and leading potential mergers, acquisitions and joint-venture initiatives.

Dr. Collins stated "Mr. McCarthy is an important part of our continuing efforts at bringing in a world-class management team. Mr. McCarthy will continue to advance BioNitrogen's efforts in the areas of abundant organic biomass utilization, environmental cleanup, global (urea) fertilizer production and solving the world's food production demands."

For his part, Mr. McCarthy reemphasized Dr. Collins vision stating "As our population continues to increase, so too will the demand for crop production. This will place an enormous premium on companies like BioNitrogen to expertly produce and efficiently distribute urea as never before. Using our patent-pending processes and technologies, BioNitrogen will become one of the most important manufacturers of urea the world has ever seen."

Mr. McCarthy has extensive, hands-on experience in all aspects of business management. Previous to joining BioNitrogen, he served as Vice-President of Weston, FL-based Commercial Lending Partners, where he was responsible for international business, production, and financial and logistical consulting in the Caribbean and Latin America. Previously he was Director of Operations and Customer Care at Aqua-Gulf Transport, responsible for logistics, international shipping operations, contracting services, IT (B2B), customer care and communications systems. Prior to that, Michael was President and CEO of Carben Inc./Pan Atlantic Carrier Services Inc., subsidiaries of Central America's largest billion dollar supermarket chain. As Senior Agribusiness and Logistics Consultant with Market and Technology Partners Inc., he led the design and execution of a new quality assurance program for perishable, agricultural commodities. At Chiquita Brands International, he served as Operations Manager in the French West Indies and Ecuador. At Dole, he held a number of positions in finance and management in Latin America.

Fully bilingual in English and Spanish, he is also conversant in French. Michael has lived in seven countries and worked in seventeen. He has helped establish numerous community development projects for the U.S. Peace Corps in El Salvador and Peru, as well as providing managerial advice to local NGO Boards of Directors. He currently sits on the Board of Directors of the International Business Council of Florida.

Michael earned his Bachelor of Business Administration and Accounting, cum laude, from Western New England University in Springfield, Massachusetts, and his Masters of Business Administration from the Central Institute of Business Administration (INCAE) under the auspices of Harvard Business School, in Managua, Nicaragua.

About BioNitrogen Corp.

BioNitrogen is an American company focused on building fully operational, turnkey manufacturing facilities in the global marketplace to produce urea. Urea is a white, crystalline solid containing 46% nitrogen and is principally used in the agricultural industry as a crop fertilizer. In the age of expanded world population, a rapidly increased need for food production, and global environmental degradation, BioNitrogen is a company at the right place and time. The Company's innovative, patent-pending technologies transform residual agricultural waste and other biomass materials into high-quality bulk urea for sale to agricultural wholesalers and retailers. Modular in design and substantially smaller than traditional urea production plants, our facilities 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 bulletin board under the stock symbol BION. Additional information can be found on the BioNitrogen's website at

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 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; and (ix) the receptiveness of the agricultural and commercial market for bulk urea or other products that the Company manufactures. 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.

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