BioSafe selected to remodel town of Orange, Mass. landfill.CAMBRIDGE, Mass.--(BUSINESS WIRE)--March. 1, 1996--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 ) announced today that it has been selected by the Town of Orange as the vendor of choice to negotiate an agreement to remodel re·mod·el tr.v. re·mod·eled also re·mod·elled, re·mod·el·ing also re·mod·el·ling, re·mod·els also re·mod·els To make over in structure or style; reconstruct. the existing 20-acre Orange, Mass. community landfill. The Town of Orange is the fourth municipal landfill remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling project that BioSafe has won. Upon the completion of all landfill remodeling activities to be performed by BioSafe, the reprocessed Orange landfill will have 1.1 million tons of new waste disposal capacity. With a planned fill rate of 400 tons per day, the total project life is estimated at 8 years. Based on an expected tipping fee of $45 per ton, potential revenues to BioSafe from this project are estimated at approximately $50 million plus expected annual CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I increases over the life of the project. The company anticipates revenues from this project in mid 1997. BioSafe currently operates the 28-acre landfill in Fairhaven, Mass., the largest landfill remodeling project in the world. BioSafe has agreements to remodel a 26-acre 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., as well as a 10-acre landfill in Buckland, Mass. BioSafe also owns an 80 percent interest in a 200-acre Vermont landfill. BioSafe expects to begin receiving revenues from these three projects in 1996. Additionally, BioSafe has signed a purchase and sale agreement to purchase a 500-acre landfill in Rushville, Penn. Revenues from this project are expected in mid 1997. Through landfill remodeling, BioSafe creates new space within the existing landfill footprint by reprocessing Reprocessing may refer to:
BioSafe International Inc. is a fast growing, innovative solid waste management company. The company is the world leader in "landfill remodeling" -- a patented process that BioSafe developed for recycling existing landfills. BioSafe is also evaluating additional opportunities to apply it patented materials and size reduction technologies, including tire and rubber waste recycling, medical waste treatment, dredged spoils remediation, and industrial sludge disposal. CONTACT: BioSafe International Inc. Emily Peterson, Investor Relations Investor relations The process by which the corporation communicates with its investors. 617/497-4500 or Liviakis Financial Communications Inc. Robert Prag 916/448-6084 |
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