CanFibre's Riverside AllGreen MDF Plant Begins Revenue Production with First Shipment of Starter Board.BOSTON AND TORONTO--(BUSINESS WIRE)--July 29, 1999-- Kafus Industries (AMEX AMEX See: American Stock Exchange :KS) and its subsidiary, The CanFibre Group (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. , Toronto symbol: CFGL CFGL Community Foundation of Greater Lakeland (Lakeland, FL) CFGL Configuration List ) are pleased to report that the commissioning and start up of CanFibre's Riverside AllGreen(TM) MDF (1) (Main Distribution Frame) A wiring rack that connects outside lines with internal lines. It is used to connect public or private lines coming into the building to internal networks. plant continues to proceed well with very high quality "starter board" and/or shop grade material being shipped to select end users. "The quality of the shop grade board exceeds even our expectations," said CanFibre president Chris Carl, "We now know that our Riverside plant is capable of producing some of the finest MDF in the world." Shipment of standard grade AllGreen(TM) MDF is expected to commence in August. Standard AllGreen(TM) MDF will offer end users the unique advantages of an MDF board that combines a green label, no incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. formaldehyde formaldehyde (fôrmăl`dəhīd'), HCHO, the simplest aldehyde. It melts at −92°C;, boils at −21°C;, and is soluble in water, alcohol, and ether; at STP, it is a flammable, poisonous, colorless gas with a suffocating emissions and improved moisture resistance over regular MDF produced with urea formaldehyde resins. Additionally, CanFibre's Riverside plant is currently ramping up to produce AllGreen(TM)'s premium range of MDF, namely AllGreen(TM) MR a superior moisture resistant board, and AllGreen(TM) FR which is expected to set a new standard in the industry for flame spread and smoke generation specifications. AllGreen(TM) MR, which exceeds current industry moisture resistant standards by as much as 35 percent, is expected to be commercially produced at the Riverside facility in August, while AllGreen(TM) FR, should be in commercial production by mid-September. Kafus is changing the landscape through the use of sustainable alternative resources. The foregoing 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. , which are subject to contingencies and uncertainties. Such forward looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could prove to be inaccurate including without limitation, the assumption that Kafus will be able to raise the necessary financing to develop its projects and that there is market acceptance for its products. Actual events, transactions, and results may differ materially from anticipated events, transactions or results described in such statements. Material uncertainties about the future of the company exist. Kafus is subject to a number of risks and uncertainties, which are set forth in its filings, with the Securities Exchange Commission. |
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