BioSafe receives permit to begin feasibility study for landfill remodeling project in western Massachusetts.CAMBRIDGE, Mass.--(BUSINESS WIRE)--May 13, 1997--BioSafe International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BSFE BSFE Bureau of Surveillance and Field Epidemiology ), an innovative solid waste management company, announced that it has received a permit from the Commonwealth of Massachusetts to begin the field investigations phase of the feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. for a landfill remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling project at the municipal landfill in South Hadley South Hadley, residential town (1990 pop. 16,685), Hampshire co., W Mass., on the Connecticut River near the Holyoke Range; settled 1684, inc. 1775. Its paper industry dates from the early 19th cent. , Mass. "This landfill remodeling project has the potential to generate more than $50 million in revenues for BioSafe," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Philip Strauss, BioSafe's chairman, president, and chief executive officer. He said, "Using BioSafe's patented landfill remodeling process, we will basically recycle the South Hadley landfill and create approximately 1.5 million cubic yards of new capacity for future disposal." The town of South Hadley was facing a multi-million dollar cost from the mandated closure of its 30-acre unlined landfill, and it selected BioSafe to provide the town with an alternative to the landfill's closure. In a landfill remodeling project, BioSafe recovers up to 80 percent of the previously used space at the landfill, while converting the landfill into an environmentally sound facility with liners, leachate leach·ate n. A product or solution formed by leaching, especially a solution containing contaminants picked up through the leaching of soil. collection systems and gas migration controls. The company then generates revenues from the receipt of tipping fees for disposal in the newly created space. "The feasibility study represents a critical step in characterizing the waste in the landfill and in obtaining the necessary permits to move forward with the actual remodeling process," said Strauss. Following completion of the feasibility study, the company expects to begin remodeling the South Hadley landfill and anticipates accepting waste there in the first 6-acre lined cell by the end of 1998. "With other landfills in western Massachusetts closing down, the remodeled South Hadley landfill will provide a much-needed disposal option in the region," according to Strauss. To ensure a long-term waste flow into the South Hadley landfill, BioSafe plans to begin developing an integrated solid waste management operation in the surrounding area. -0- Certain of the above statements may be 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. that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including competitive developments and other risk factors listed from time to time in the company's Securities and Exchange Commission reports. CONTACT: BioSafe International Bob Rivkin, 617/497-4500 |
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