Agronix, Inc. Signs 2 Letters of Intent to Acquire Organic Waste Processing Plants.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 17, 2003 Agronix, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGNI) announces that it has signed two Letters of Intent to acquire waste processing companies currently operating in Ireland and Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . The two agreements outline the basis for acquiring the land, buildings, equipment, permits and strategic personnel for the continued operations of these organic waste processing sites. These facilities currently accept agricultural waste, and process the residuals into value-added end products. Agronix plans to upgrade the facilities to meet their superior environmental standards to yield high-value bioconverted products as well as other value-added agri-products. Dave Roberts For other uses, see Dave Roberts (disambiguation). David Ray Roberts (born May 31, 1972 in Okinawa, Japan), is a Major League Baseball center fielder for the San Francisco Giants. , of the Agronix Operations team stated, "these two facilities have been selected for their optimal compatibility within our business development strategy." Agronix President Brian Hauff added, "these operations will provide a great opportunity to implement and showcase our technologies in two key markets - Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . This is only the beginning; the market opportunities are significant and we look forward to additional developments in the near future." 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 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 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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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