American Soil Technologies Signs a Memorandum of Intent to Enter Exclusive Distribution Agreement.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Sept. 4, 2001 American Soil Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SOYL) has signed a memorandum of intent to enter into an exclusive distribution agreement for an injection machine used to inject in·ject v. 1. To introduce a substance, such as a drug or vaccine, into a body part. 2. To treat by means of injection. A.S.T.I.'s proprietary liquid soil amendment into mature lawns. The machine, developed for use with nutrients injected in·ject·ed adj. 1. Of or relating to a substance introduced into the body. 2. Of or relating to a blood vessel that is visibly distended with blood. injected 1. introduced by injection. 2. congested. into turf and lawn, has been upgraded to dispense dispense /dis·pense/ (-pens´) to prepare medicines for and distribute them to their users. dis·pense v. To prepare and give out medicines. the liquid nutrimoist(TM) (nutrimoist L). The injection system was engineered and developed by Lynn Steadman, a large sod farmer, for his own farm. This has resulted in A.S.T.I.'s introduction of the "nutrimoist(TM) System," a totally new concept for the treatment of existing turf. It dramatically reduces the amount of water and fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth. required to maintain a healthy rugged turf. The treatment of a golf course fairway will not interrupt play. A single treatment could reduce water costs up to 35 percent and has a multi-year optimum life span. Neil Kitchen, president of the company, said, "We have just created a system in that we have a proprietary blend of polymer and nutrients and a method to install it at the turf root zone where it is most effective." About American Soil Technologies Inc. Formed in September 1999, American Soil Technologies has two divisions: Agriblend and Soil Wash Technologies. The Agriblend Division develops, manufactures and markets cutting-edge technology that decreases the need for water in agriculture and other plant growing environments while increasing crop yield and reducing the environmental damage caused by common farming practices. The company also holds exclusive rights to a soil washing technology that removes hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen contaminants from soil. More product information can be found on the corporate Web site, located at www.americansoiltech.com. About BioPlusNutrients L.L.C. BioPlusNutrients is located in Grace, Idaho Grace is a city in Caribou County, Idaho, in the United States. The population was 990 at the 2000 census. History The area of Grace was once inhabited by the Shoshone Indians. White settlement dates back to the mid to late 1800s. . It was incorporated in 2001 when its principals, who as farmers, had used nutrients in 2000. They were successful in using polymer and their proprietary nutrient nutrient /nu·tri·ent/ (noo´tre-int) 1. nourishing; providing nutrition. 2. a food or other substance that provides energy or building material for the survival and growth of a living organism. package simultaneously. The company operates in Washington, Oregon, Idaho, California, Nebraska, Wyoming, Utah, Arizona, Colorado and New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). . About Lynn Steadman Steadman owns and operates various farm-related business enterprises in the state of Idaho. These businesses include sod production, installation and sales. In connection with the sod business, Steadman developed this prototype turf injection equipment for the purpose of installing nutrimoist(TM) in turf. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements. |
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