CanFibre Passes Critical Production Milestone at Riverside; AllGreen Plant Produces First Quality MDF.BOSTON and TORONTO--(BUSINESS WIRE)--Sept. 30, 1999-- Kafus Industries Ltd. (AMEX AMEX See: American Stock Exchange :KS) and The CanFibre Group Ltd. (Canadian Dealing Network Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :CFGL CFGL Community Foundation of Greater Lakeland (Lakeland, FL) CFGL Configuration List ) are pleased to announce that CanFibre's Riverside 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. facility has now successfully produced its first run of premium AllGreen(TM) MDF of sufficient high standard to wear the AllGreen(TM) label. Although the facility has been producing starter and shop grade MDF since late May of this year, this marks the first time that CanFibre's Riverside plant has consistently produced a premium industrial grade MDF. CanFibre's AllGreen(TM) MDF is unique because it combines superior properties over standard industrial grade MDF with the additional features of zero 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, superior moisture resistance and the distinct "green" market advantages of being made from 100% recovered wood fibre. The following are AllGreen(TM) MDF's average properties obtained from tests on recent Riverside AllGreen(TM) production compared with the average test results on the properties of competitive MDF currently distributed in the U.S.A. -0-
AllGreen(TM) Average Competitive
Properties
Internal Bond (PSI) 156 120
Modulus Rupture (PSI) 4,882 4,325
Modulus of Elasticity (PSI) 587,500 332,000
Screwhold - Edge (PSI) 442 286
Screwhold - Face (PSI) 354 257
Thickness Swell (%) 6.5 9.9
CanFibre expects to begin commercial shipment of AllGreen(TM) standard MDF within the next 10 days. CanFibre also expects to begin shipping AllGreen(TM) MR (moisture resistant) during the same period. AllGreen(TM) FR (fire resistant) should begin shipment in late October. In other news, construction of CanFibre's second MDF facility in Lackawanna is proceeding well as construction nears the halfway point of its 18-month schedule. The main building is fully erected with the press equipment already in the process of being installed. Lackawanna is a "sister" facility to Riverside and has incorporated numerous small advancements which should result in an even faster completion and ramp-up period than Riverside. First board is anticipated for mid- mid- pref. Middle: midbrain. 2000. The plant manager, Kurt Williams, is now on site and has begun forming a second strong management team to complement the team in Riverside. An emerging global manufacturer of superior materials produced from sustainable 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 Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. 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 ability to produce the same MDF test results under commercial production conditions. 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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