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WEST LAKE VILLAGE, CA, September 23, 1999 -- Marvin Mears, president and chief executive officer of Environmental Products & Technologies Corporation (OTC Bulletin Board: EPTC), announced today that the company's Bioreactor, which is used to process animal waste into rich composted soil amendment, will be evaluated in the treatment of food waste during a 3- to 6-month pilot program to be conducted at the Utah State University (USU) in Logan, Utah.
Mears indicated that, in response to numerous requests from several large food processors and a large regional supermarket chain, EPTC has constructed additional equipment and modified its Bioreactor at Utah State University to process food waste. He said that the company is developing a variety of processing "recipes" for the food-processing markets. In support of the EPTC/USU pilot, EPTC has obtained the cooperation of a large vegetable processor in Salt Lake City, which will supply 5 to 15 tons of scrap vegetable matter per day to be used as a feedstock for the duration of the pilot program.
"The flexibility of the EPTC solution is demonstrated by the wide variety of feedstocks that can be processed into rich soil amendment, thereby converting material heretofore known as 'waste' into a valuable resource," said Mears. "Although the flood damage caused by Hurricane Floyd has sharpened our focus on the system's capability in processing animal waste in agricultural settings, we are confident that the Bioreactor will also prove itself a viable means of compliance with the Environmental Protection Agency's goals of reducing the organic waste deposited into municipal landfills."
As mandated by California's Integrated Waste Management Act of 1989, municipalities and counties that fail to reduce the amount of organic waste deposited in landfills by 50% by the year 2000 will risk costly fines of up to $10,000 per day.
The Los Angeles area alone is home to approximately 650 food-processing/packaging facilities. "No longer content to stand by waiting for the boom to be lowered, progressive food-processing companies are demanding cost-effective alternatives to wanton pollution. EPTC's Bioreactor fits the bill handily as a responsible, affordable, long-term solution we can all live with," Mears said.
Environmental Products & Technologies Corporation is focused on solving environmental problems to optimize the productivity of farming and large livestock operations. EPTC's Closed-Loop Waste Management System separates animal or food wastes into solids and liquid, which are processed into a nutrient-rich soil amendment, agricultural water and electrical energy generated from methane.
NOTE: Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1998, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company makes these forward-looking statements based upon information available to it as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Although the company believes the expectations reflected in such forward-looking statements are reasonable, editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company's actual results to differ from these forward-looking statements. Such risks and uncertainties include, but are not limited to, the outcome of the pilot program, the ability of EPTC to expand its market, sales levels, and competitive trends, as well as other economic, regulatory, governmental and market factors outlined in EPTC's reports to shareholders and periodic filings with the Securities and Exchange Commission.
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