BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

March 18, 2008 08:30 ET

BioteQ Wins 2008 Globe Foundation Award for Environmental Excellence

The Globe and Mail and the GLOBE Foundation of Canada recognize BioteQ for outstanding achievement in Export Performance at GLOBE 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 18, 2008) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in the treatment of metal and sulphate contaminated water, has been chosen as the winner of the 2008 Globe Foundation Award for Environmental Excellence in Export Performance. The coveted award was presented in Vancouver on March 13th as the culmination of GLOBE 2008, a bi-annual event that recognizes excellence in the business of the environment.

BioteQ was chosen for its work with the world's leading mining companies and utility operators to reduce environmental liabilities while generating revenue from waste.

"Our water treatment technology represents an entirely new and sustainable approach to wastewater treatment for the world's mining industry," said Brad Marchant, CEO of BioteQ Environmental Technologies. "It is truly an honor to receive this award at a time when BioteQ is bringing new plants online in international markets including the US, China, Australia, Mexico, and Chile."

BioteQ was among eighteen finalists for six industry awards recognizing commitment to sustainable business strategies and progressive technologies. Considered to be the most high-profile national awards series of its type, the GLOBE Awards were judged by a leading panel of well known experts from the Canadian corporate community. Judging criteria included both business expertise and environmental ingenuity. For more information about the GLOBE Awards visit www.theglobeawards.ca.

BioteQ Corporate Profile

BioteQ builds, owns and operates water treatment plants for the world's mining companies and utility operators, reducing environmental liabilities while generating revenue from waste. The Company's commercially proven technology treats acid mine drainage and other metal-laden waste water by sequentially removing metals and sulphate, producing saleable metal products and clean water that can be discharged safely to the environment. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, go to www.bioteq.ca.

On behalf of the Board of Directors

Brad Marchant

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "might" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Annual Report for the Year Ended December 31, 2007. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • BioteQ Environmental Technologies Inc.
    Tanja McQueen
    Corporate Development
    (604) 685-1243 or 1-800-537-3073
    or
    BioteQ Environmental Technologies Inc.
    Caren Holtby
    Investor Relations
    (604) 685-1243 or 1-800-537-3073
    (604) 685-7778 (FAX)
    Email: investor@bioteq.ca
    Website: www.bioteq.ca
    or
    Wolfe Axelrod Weinberger Assoc LLC - In the U.S.
    Adam P. Lowensteiner
    (212) 370-4500
    (212) 370-4505 (FAX)
    Email: adam@wolfeaxelrod.com