REPEAT: BioNitrogen's Reorganization is Precursor of Extraordinary Growth and Opportunity
(firmenpresse) - MIAMI, FLORIDA -- (Marketwire) -- 05/14/12 -- BioNitrogen Corp. (PINKSHEETS: BION) a developer of revolutionary patent-pending technology for converting renewable and abundant biomass waste into high-nitrogen urea and urea fertilizer has made several tactical and strategic moves in the past few weeks that bode extremely well for the Company's future as a key Player in the important Urea Fertilizer Industry.
In a recent announcement, Frank J. Segredo, BioNitrogen's Chief Development Officer states "In just a few short weeks, the company has put into motion several areas of restructuring and commitment that will allow us to evolve more efficiently into plant(s) production and solidify our position as an extraordinary capital investment opportunity for our shareholders."
To become one of the preeminent Urea Fertilizer Manufacturers in just the next few years, the Company has made several dramatic and often dynamic decisions in just a few weeks time. For example, the Board of directors of BioNitrogen Corporation adopted on Tuesday, May 8, 2012 a plan of re-organization presented by the newly appointed President & CEO Carlos A. Contreras that includes the elimination of the Lubbock, Texas office and the re-assignment or elimination of said position. After careful analysis, the Company concluded that most of the work at this location was concurrently being outsourced. In a continuation of several strategic initiatives, such expert outsourcing is resulting in numerous strategic relationships and alliances that will continue to evolve with dozens of major service providers such as Kellogg, Brown & Root (KBR) regarding engineering services as well as turn-key plant construction. The entire focus of the Company is now the later mission - Building Turn-Key Urea Fertilizer Plants thus creating enormous revenues for the company and returns for our shareholders.
The Company is also examining other areas of the organization where they can continue to expand and grow while simultaneously reducing overhead, fixed costs and even variable expense reductions. These decisions are resulting in substantial savings to the company during their pre plant(s) construction period.
In addition to the reorganization of operations, the company is following up on several interested Investment Groups who understand the extraordinary growth potential of building numerous global fertilizer plants to help feed the world over the next fifty years. Much like the Energy and Medical Industries, the Fertilizer Industry will continue to thrive for decades making companies like BioNitrogen indispensable. The Company is currently following up on several funding efforts for its operations related to both internal and external expenses such as engineering, land financing and plant construction. Such conversations are currently under way with forward thinking financial institutions as well as other private funding sources in order to properly fund and insure the long term goals of the company are reached. The company is looking to insure funding for both the short, mid-term and long term from only the most reputable groups moving forward.
Finally, and in order to keep our shareholders and investors informed, the company is setting up an investors relations line at its corporate headquarters in Doral, Florida. Any questions may be directed to our investor relations email: .
The Future
BioNitrogen continues to enjoy enormous success in its development of business relationships and opportunities worldwide. For example, plans are in place for the construction of a two line facility in Lubock, Texas, a single facility in Levelland, and a facility in Florida. In addition, the company is finalizing details of a joint venture with Kobay Technologies BHD in Malaysia as announced on April 18, 2012. Additionally, numerous conversations with future joint venture partners in multiple geographical locations are continuing and the consummation of the same are expected to accelerate upon the receipt of the engineering report from Granherne, a KBR Company.
Finally, the company has entered into an agreement with CIMA Traders, LLC, a Florida entity specializing in the area of commodities trading in order to assist customers that are seeking urea at the current time. The agreement was executed on Monday, May 7, 2012 and is effective immediately. This strategic move allows BioNitrogen to serve future customers in the area of product supply as well as to provide BioNitrogen with a source of revenues prior to the commencement of production. As BioNitrogen's President & CEO, Mr. Carlos A. Contreras stated last week, "BioNitrogen's growth is actually stronger than ever. We have an exceptional group of talented, energetic, intelligent and committed work force - all with vision who are making all the right moves going forward. In the current fertilizer industry environment, we are fortunate to be part of a company built on a number of tremendous strengths in just the right time and place. We will continue to take decisive actions to optimize our portfolio of strategic relationships and partnerships. These efforts will lead to the development of numerous plant development initiatives. I'm so looking forward to the next few years."
About BioNitrogen Corp.
BioNitrogen is an entrepreneurial, American company that has been established to design and to build fully operational, turnkey manufacturing facilities to produce urea. BioNitrogen is undertaking these efforts in response to the challenges presented by an ever expanding world population, a rapidly increased need for food production, and an awareness of the fragility of the world's environment. Given all these challenges and the promise that the Company's products possess to effectively respond to these challenges, the Company believes that it is positioned at the right place and time. BioNitrogen's modular plant designs 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 pink current information tier under the stock symbol BION. Learn more at .
Additional information can be found on BioNitrogen's website at .
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 forward-looking 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; (ix) the receptiveness of the agricultural and commercial market for bulk urea or other products that the Company manufactures; and (x) a reduction in the cost of natural gas or other inputs that may make the cost of producing urea using alternate methods less expensive compared to the cost of producing urea at one of the Company's plants. 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.
Contacts:
BioNitrogen Corp.
8725 N.W. 18th Terrace, Suite 105
Doral, FL 33172 U.S.A.
(305) 418-8545
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Datum: 14.05.2012 - 05:00 Uhr
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