TOLEDO, OH--(Marketwired - April 05, 2016) - N-Viro International Corporation (OTCQB: NVIC) offers to the shareholders an update regarding the status of the Company and its strategic plan.
We have embarked on an ambitious project within the Zhejiang Province of China with the Jiaxing City Joint Sewage Treatment Co., Ltd. Jiaxing City is located northeast of the Yangtze River Delta, just outside of Shanghai, China. The area supports rapid economic and social development and currently has a population of 3.3 million people and produces approximately 300,000 metric tons of biosolids annually. The goal of this project is to treat the Jiaxing City biosolids using the N-Viro Fuel™ process, and then use this product to generate electrical power for the city's residents.
N-Viro Energy Limited, our sister company, has been engaged with the provincial governments to obtain government approvals for our project. This approval process is similar to the permitting process within the U.S. and we expect to be completed within the coming months. Once all approvals are in place we will be exclusively positioned to execute a 30-year provincial government contract to convert the Jiaxing City biosolids into N-Viro Fuel and use this product to produce long-term renewable, alternative power.
In conjuction with our international development, we are aggressively looking to commercialize N-Viro Fuel in the domestic markets. We believe in our technologies ability to expand and include other types of organic waste, and to further enhance the process with additional technologies.
N-Viro International Corporation has begun to execute an aggressive investor relations program. We have entered into an engagement with M & T Business Consultants to strengthen the awareness of our company and its development progress. Additionally, we are in negotiations with other firms who can provide greater awareness through a multiple of various media and investor outreach solutions, both domestically and internationally.
Finally, we have been in discussions with several investment banking firms who have indicated a strong desire to provide the capital required to execute our strategic plan and strengthen the fundamentals of the Company. Additionally, N-Viro Energy Limited is active in discussions with international funding partners who have the ability to source capital for our international projects. Management and the Board of Directors are confident the strategic plan and our financing efforts will execute.
Timothy R. Kasmoch, CEO and President of N-Viro International Corporation, had these comments; "I see China to be the catalyst moving forward. We must appreciate the commitment of the Chinese government to embrace our technology as a solution to solving their needs. The N-Viro Fuel process is proven and is a sole source waste-to-energy solution for a global demand." Mr. Kasmoch continues; "With enthusiasm we look forward to the future because I see the seemingly limitless potential for the Company and our uplift into promising markets."
About N-Viro International
N-Viro International Corporation is a leader in the conversion of organic waste materials generated from industrial, agricultural and municipal sources. The Company's proprietary, patented technologies, unique services and materials handling expertise are combined to offer turnkey solutions for the global alternative energy markets. For more information, please visit www.nviro.com or the N-Viro International Blog.
Special Cautionary Note Regarding Forward
The Company cautions that words used both in this document such as "expects," "hopes," "anticipates," "believes" and "may," as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward‐looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to differ materially from those described herein. Additional information and factors that may adversely affect these forward‐looking statements are contained in the Company's reports, including its Annual Report on Form 10‐K for the year ended December 31, 2014 and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward‐looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward‐looking information except to the extent required by applicable securities laws.