Bioponic International Forecasts Higher Returns From Sale of Copper Products; MR3 Metals Processing Plant Expansion Ahead of Schedule.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--May 9, 2000 Form 10 SEC Filing Anticipated by Mid June Bioponic International (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) : BPON See PON. ) announced today that the expansion of production capacity at its MR3 metals extraction plant in Butte Butte, city, United States Butte (by  t), city (1990 pop. 33,336), seat of Silver Bow co., SW Mont.; inc. 1879. It is a trade, ranching, and industrial center. , Mont., is ahead of schedule. The expanded plant is now expected to complete Phase I and reach full production capacity by June 2000. This Phase I completion of the plant expansion program is a significant milestone for the Company and its shareholders because: (1) it achieves a primary corporate goal of generating revenue for the Company while it ramps-up the large scale MR3 industrial processing plants, and (2) it represents the Company's successful conversion of a MR3 test pilot facility into a full-scale commercial operating plant. Upon reaching Phase II of the plant expansion program in late 3Q or early 4Q of this year, the Company expects increased revenues over earlier forecasts due to its ability to process a new brass dust with very high copper content, and thus produce more of the valuable copper products currently in demand. The Company will continue to produce its zinc products, but will increase the percentage of copper production due to its higher return in the market place. MR3 is a high-tech, state-of-the-art metals extraction and separation technology capable of converting hazardous liabilities into non-hazardous, profitable assets through the large-scale processing of industrial wastes and other complex metals sources into pure metals and specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. products. The Company believes this to be the only technology available that can selectively and individually remove and purify all targeted metals from aqueous solutions economically on a commercial scale. The multi-billion dollar combined global markets for the MR3 process include the processing and treatment of electric arc furnace An electric arc furnace (EAF) is a furnace that heats charged material by means of an electric arc. Arc furnaces range in size from small units of approximately one ton capacity (used in foundries for producing cast iron products) up to about 400 ton units used for secondary dust, semiconductor manufacturing effluent, mercury and hydroxide hydroxide (hīdrŏk`sīd), chemical compound that contains the hydroxyl (−OH) radical. The term refers especially to inorganic compounds. sludges, precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. mining tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. and industrial waste waters. With respect to ongoing developments, the Company is in continuous negotiations with prospective strategic partners to construct and operate MR3 processing plants in its target markets. In addition, the Company anticipates filing its Form 10 with the SEC by mid June of this year. Certain statements contained in this press release are forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, many of which are beyond the Company's control. |
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