SOURCE: BioNitrogen Corporation

BioNitrogen Corporation

December 28, 2012 11:13 ET

BioNitrogen Corporation Signs Three-Year Lease for New Office Space in Wauchula, Florida

DORAL, FL--(Marketwire - Dec 28, 2012) - BioNitrogen Corporation (PINKSHEETS: BION), a cleantech company that utilizes proprietary technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that commencing on January 1, 2013 it has signed a three-year lease for new office space in Wauchula, Florida.

The new space will be home to the company's Hardee County facility management team as they prepare to begin construction on the initial plant in Hardee County. The new offices are located at 101 East Main Street, Wauchula, Florida 33873.

"We look forward to advancing BioNitrogen's growth at the new site," said Bryan Kornegay, Jr., CFO of BioNitrogen Corporation. "By leasing this new office space, we will be able to further accelerate our efforts as we prepare to build our initial plant."

Construction on the site is slated to commence in 2013. The proposed plant will be able to produce 15 tons of urea fertilizer hourly, totaling 360 short tons daily or 124,200 tons annually.

About BioNitrogen Corporation
BioNitrogen Corp. (PINKSHEETS: BION) is a cleantech company that utilizes proprietary 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

  • CONTACT:
    Adam Friedman
    Principal
    Adam Friedman Associates
    Email Contact
    (212) 981-2529