BioSafe signs Memorandum of Understanding to lease/purchase transfer station near Vermont landfill.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--May 12, 1997--BioSafe International, Inc. (NASDAQ:BSFE), an innovative solid waste management company, announced that its subsidiary, Waste Professionals of Vermont, Inc. (WPV) has signed a Memorandum of Understanding with the Chittenden Solid Waste District in northwestern Vermont for the lease-purchase of the District's transfer station in the Town of Williston, Vermont, about 30 miles from the company's landfill in Moretown. "The anticipated addition of this transfer station to BioSafe's operations represents a major component in the company's plan to develop an integrated solid waste management operation throughout Vermont," according to Philip Strauss, BioSafe's chairman, president, and chief executive officer.

"The Williston transfer station has a permit to receive up to 400 tons of waste per day, and it will help ensure a long-term stable waste flow into our Moretown landfill," according to Strauss. "With the addition of the Williston transfer station, BioSafe's subsidiary, WPV, will become the second largest solid waste management company in the state, and it will offer WPV greater access to the Burlington, Vermont and surrounding area markets, Vermont's most populated and industrious community," Strauss added.

Under the expected agreement, WPV will lease the transfer station from the Chittenden Solid Waste District for ten years and will have an option to buy it at the end of the lease period for a minimal amount. The final lease/purchase agreement is subject to approval by the District's Board of Commissioners and BioSafe's Board of Directors, and is expected to be signed later this month.

"We're very pleased with BioSafe's business momentum in the Vermont solid waste market, as we have recently enjoyed numerous positive development there," said Strauss. In January 1997, BioSafe established a waste collection business in the region surrounding the Moretown landfill, as an initial step in developing an integrated solid waste management operation there. Then, last month, the company filed an application to permit a second cell at the Moretown landfill, which would increase the landfill's available capacity by more than fourfold. Later in the month, BioSafe received a $1.3 million, 15-month contract to dispose of sludge from the Chittenden Solid Waste District at the Moretown landfill.

Certain of the above statements may be forward-looking statements 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