|By Marketwired .||
|May 5, 2014 10:25 AM EDT||
WEST PALM BEACH, FL -- (Marketwired) -- 05/05/14 -- BioNitrogen Holdings Corp. (PINKSHEETS: BION), a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer, announced today that it will hold a ribbon cutting ceremony at 10am on May 14, 2014, at the site of the company's initial plant in Hendry County, Florida. The ceremony will be held at the Weekley Brothers Industrial Park located at 3013 Evercane Road in Clewiston. Senior management of BioNitrogen and state and local officials will be in attendance and will discuss the plans for Hendry County.
"This is a major milestone for BioNitrogen. We are very excited to inaugurate the Hendry County site," said Bryan Kornegay, Jr., President and CFO of BioNitrogen. "We would like to thank local and state officials and members of the Hendry County community for their support of this project."
"We are excited about this investment and are hopeful this is the beginning of our county starting to diversify economically while creating new job potential," said Karson Turner, Chairman of the Hendry county Board of County Commissioners. "This is an important project to the County. Our Economic Development Council, County administration and Industrial Development Authority have worked closely together to create attractive incentives to further induce BioNitrogen to build a plant here in our County."
"This is Hendry County's largest project announcement in 50 years," said Gregg Gillman, President of the Hendry County Economic Development Council. "I look forward to seeing this new facility take shape and create jobs for Hendry County residents."
About BioNitrogen Holdings Corp
BioNitrogen Holdings Corp. (PINKSHEETS: BION) is a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer. Our mission is to provide safe, cost effective, green solutions that are economically beneficial in locations where biomass is produced and urea is consumed. Additional information can be found at www.BioNitrogen.com
Safe Harbor Statement
The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company's expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.
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