Anviron Completes Purchase of New Thailand Manufacturing Facility.BANGKOK, Thailand -- The Anviron Holding Company (Pinksheets:ANVH) ("Anviron"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that it has expanded its commitment to the South-East Asia South-East Asia n → le Sud-Est asiatique South-East Asia south n → Südostasien nt South-East Asia n → market by entering into an agreement to purchase 26 acres of land for the establishment of a permanent manufacturing facility in Northern Thailand Northern Thailand, one of the 5 regional groups of Thailand, usually describes the area covered by 17 provinces.
"Our newly acquired land is situated in Northern Thailand adjacent to the proposed 200,000 HA mine reclamation Mine reclamation is the process of creating useful landscapes that meet a variety of goals, typically creating productive ecosystems (or sometimes industrial or municipal land) from mined land. project site. This acquisition is the culmination of the Company's negotiated agreement to supply the "NuSoil" product line to a newly formed Joint Venture to complete the reclamation Reclamation A claim for the right to return or the right to demand the return of a security that has been previously accepted as a result of bad delivery or other irregularities in the delivery and settlement process. of this closed Mine," said Marcie Corbin - CFO See Chief Financial Officer. of Anviron. "This negotiated agreement is estimated at $70 Million over the first 18 months of the project and ongoing annual sales of $21 Million. Our executed agreement still remains contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the completion and execution of the Joint Venture Agreement lead by Anviron's largest shareholder the Avalon Group Ltd," said Steve Young - COO of Anviron. NuSoil technologies were selected as the technology of choice for this project for their ability to convert land and soil at the molecular level. Anviron is currently evaluating the use of its NuSoil technology on three additional mine reclamation sites totaling 75,000 hectares of land representing an estimated $26.25 Million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. in potential future product sales. These sales would be estimated to develop over the first 1.5 to 2 years of the projects development phase. "Anviron has touched a lot of lives around the world. I'm excited to be extending our commitment to our employees - future employees - and the Asian community at large by establishing our long term manufacturing home in this beautiful part of the World. This facility will give us a strategic manufacturing facility that will be able to supply our largest emerging Asian market," stated Steve Young - COO of Anviron. "We are moving in a very aggressive manner to support our shareholder base as we expand our business markets internationally. On Friday of last week Anviron announced the declaration of our first quarterly distribution. The quarterly dividend on the Corporation's common stock will be $0.001 per share/per quarter. The first dividend will be payable March 31, 2009 to shareholders of record on December 31, 2008. This program in conjunction with our current buyback program demonstrate the confidence and belief in our Company the Board and Management have in the future," said Steve Young - COO of Anviron. Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable biodegradable /bio·de·grad·a·ble/ (-de-grad´ah-b'l) susceptible of degradation by biological processes, as by bacterial or other enzymatic action. bi·o·de·grad·a·ble adj. , environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about Anviron and its product offerings visit us on the web at www.anviron.com. This press 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. regarding Anviron within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting Anviron. Forward-looking statements speak only as of the date on which they are made and Anviron undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise. |
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