BioNitrogen Corp. (BION) Provides Update on Central American Business Development Activities
Carlos A. Contreras, BION President International Operations reports on meetings in Honduras with President Lobo Sosa and Minister of Agriculture Mr. Jacobo Regalado.
MIAMI, FLORIDA–(Marketwire – March 16, 2012) – BioNitrogen Corp. (PINKSHEETS:BION), developer of a revolutionary patent-pending technology for converting renewable biomass waste into high-nitrogen urea, is pleased to announce it has received the support of the President of the Republic of Honduras, Porfirio Lobo Sosa for the construction by the private sector of a plant utilizing BioNitrogen’s revolutionary technology.
On March 14th, 2012 BioNitrogen’s delegation, headed by Carlos A. Contreras, President of International Operations met with Honduran President Porfirio Lobo Sosa as well as Jacobo Regalado, Minister of Agriculture to present BioNitrogen’s proprietary process to convert biomass into high quality urea.
At a meeting that took place at the “Casa Presidencial”, in Tegucigalpa, President Lobo Sosa expressed his enthusiasm at the prospect of utilizing BioNitrogen’s technology to revolutionize the industrialization of the large amount of biomass currently produced in Honduras.
Currently, all of the urea consumed by Honduras is imported. To this end, President Lobo Sosa encouraged BioNitrogen to move forward in conjunction with the local private sector in developing strategic alliances for the construction of BioNitrogen facilities in the country.
“It is our vision at BioNitrogen to substitute this consumption with internal production, thus making Honduras self-sufficient in urea consumption and President Lobo Sosa agrees” confirms Carlos A. Contreras, President of International Operations for BioNitrogen. “We are very excited to have received support from the Government as well as the private sector of Honduras to move forward and install a number of biomass-urea plants in that Country.”
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 16 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
www.BioNitrogen.com and an executive corporate summary video can be viewed here,
Safe Harbor Statement
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 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; and (ix) the receptiveness of the agricultural and commercial market for bulk urea or other products that the Company manufactures. 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.
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