August 28, 2014 Leave a comment
Toledo, Ohio, August 28, 2014 – N-Viro International (NVIC: OTCQB) has relocated company assets from northeast to central Florida, in a strategic plan that will focus on higher gross profit for the Company. While second quarter results were impacted by the relocation, the Company will focus energies on international projects and the completion of capital improvements in Florida.
The newly-formed development and capital-sourcing entity of the Company, N-Viro Energy, Limited, has brought capital funds for international projects to further the commercialization of N-Viro Fuel™. Recently, N-Viro Fuel™ met the processing definition of a fuel that when substituted for 20% or less of a coal fuel required to operate a combustion unit. See press release “N-Viro International Awarded USEPA N-Viro Fuel Determination”.
In addition, the successful implementation in a capital growth plan will allow the Company to pursue the domestic growth initiative that in turn should result in a better bottom line. New construction and marketing programs will expand the business and improve profitability.
N-Viro International has a presence in Israel, and the success of the N-Viro process technology has continually gained the attention of industry experts in Israel and other countries. The international community recognizes the technology as the best option for recycling a variety of feedstock’s to produce a coal-compatible fuel. Armed with international acceptance and the critical N-Viro Fuel™ process, the Company is now positioned to capitalize on the global demand for alternative energy fuel.
According to a report based on an in-depth market analysis from coal-fired power generation industry experts, one of the main drivers in this market is the increase in the electric power demand worldwide.
“The huge untapped reserves and the abundant supply of coal make it a reliable option for electric power generation. This in turn is expected to drive the growth of the market during the forecast period. The analysts forecast the Global Coal-fired Power Generation market will grow at a CAGR of 3.8 percent over the period 2013-2018.” Source: Global Coal Fired Power Generation Market 2014-2018
Timothy Kasmoch, CEO of N-Viro International, commented, “This is a significant landmark project for which we have been working toward for the past six years. I want to showcase this project to domestic and international customers seeking a simple, robust and effective technology that can turn waste byproducts into energy. I believe we have arrived.”
Mr. Kasmoch recommended that shareholders watch a video which explains how N-Viro International converts organic waste and is available on YouTube.
About N-Viro International
N-Viro International Corporation is a leader in the conversion of organic 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 in both soil enrichment and alternative fuel development. For more information, please visit www.nviro.com or the N-Viro International Blog.
Special Cautionary Note Regarding Forward‐Looking Statements
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, 2013 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.