Agronix, Inc. Appoints Influential Waste Management Leader to Position of Chairman and CEO.Business Editors, Technology Writers BOSTON--(BUSINESS WIRE)--Sept. 5, 2002 Peter S. Drummond, Chairman of New Zealand's Largest Waste and Sewage Treatment Company Appointed CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Agronix Agronix, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGNI) is pleased to announce the appointment of Peter S. Drummond as the new Chairman and CEO for the company, effective immediately. Peter Drummond, a resident of Auckland, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , has extensive international management and marketing experience in the Waste and Sewage treatment industry. Effective immediately, Peter Drummond has been appointed the Chairman and CEO of Agronix, Inc, and is also currently the Chairman of Watercare Services. Watercare Services is a billion dollar company based out of New Zealand, and is the bulk supplier of water and wastewater services to the Auckland region. Mr. Drummond has also held the Chairmanship of four other corporations, two of which are related to the waste industry including landfills, transfer stations, solid municipal waste, and water treatment and sewer sludge disposal. Previously, he was chairman of one of New Zealand's first composting companies. "Agronix is excited to announce the appointment of Peter Drummond as the company's new Chairman and Chief Executive Officer. Mr. Drummond brings to Agronix an extensive background and knowledge of the waste and sewage treatment industry. His skills and leadership at Watercare Services will be a great asset in the further development of our company," commented Brian Hauff, the President of Agronix. "The appointment of Peter Drummond and Henri Dinel confirms our immediate goal of establishing a world class management team with extensive experience in waste management." About Watercare Services Watercare Services Limited is New Zealand's largest company in the water and wastewater industry. It is the bulk supplier of water and wastewater services to the Auckland region. Watercare is a Local Authority Trading Enterprise Local Authority Trading Enterprises (LATE) are organisations established in New Zealand under the Local Government Act 1974. The 1989 legislation assigned regional councils planning and funding responsibilities, but not the transport supplier function. (LATE) formed in 1992 from the water and drainage operations of the Auckland Regional Council The Auckland Regional Council (ARC) is one of the elected local government authorities of the Auckland Region. Its current chairman is Mike Lee, together with 12 other Councillors. The ARC was created as the successor of the Auckland Regional Authority. . The Company is owned by Auckland's six territorial local authorities. http://www.watercare.co.nz/ About Agronix Agronix is a recognized leader in innovative organic waste management technology. The Company's BCR BCR B Cell Receptor BCR Business Communications Review (magazine) BCR Banca Comerciala Romana (Romanian bank) BCR Breakpoint Cluster Region BCR Benefit/Cost Ratio BCR Bay City Rollers System converts organic waste materials (animal manure, sewage sludge, bio-solids, and industrial food processing waste, etc.) into agricultural products such as organic fertilizers, soil amendments and other value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. agricultural products. The Company is also engaged in the business of developing their BCIR BCIR Barnett Continent Intestinal Reservoir (South Point Hospital) System technology that is used to recover chemical commodities from organic waste for a wide variety of commercial industries such as agriculture, food, oil and gas, paper, clothing and pharmaceuticals. http://www.agronixinc.com Agronix, Inc. currently trades on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). exchange under the symbol AGNI. The Company currently has 20,287,281 shares outstanding, and 50,000,000 shares authorized Shares authorized The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. shares authorized See authorized capital stock. . Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. |
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