Compost America Holding Company, Inc. Announces Multimillion Dollar Financing Agreement.ENGLEWOOD, N.J.--(BUSINESS WIRE)--Nov. 6, 1998--Compost America Holding Company, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CAHC CAHC Canadian Animal Health Coalition ) today announced that it has completed a pivotal $10.5 million financing agreement with Lionhart Investments, Ltd. ("Lionhart"), its affiliates, and Global Earthfund Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Global") whereby Lionhart and Global will loan Compost America and its subsidiaries Bedminster Seacor Services Corp. ("Bedminster") and Miami Recycling and Composting Company, Inc. ("Miami") funds to repay certain outstanding debts and for working capital for Compost America and for its Miami composting facility. Mr. Roger E. Tuttle. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Compost America Holding Company, Inc. stated, "We are very pleased that Compost America has solidified its valued relationship with Lionhart. The commitment of Lionhart and Compost America affirms our shared optimism in the current strength and future growth prospects of the Company. Compost America is in an excellent position to provide `real world' alternatives to traditional disposal methods, which are not only economically feasible but also environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] ." As environmental and economic pressures continue to converge, the growth of recycling and composting can be expected to continue into the next century. Compost America is poised to assume a national leadership role in the organic waste and biosolids biosolids Sewage sludge, the residues remaining from the treatment of sewage. For use as a fertilizer in agricultural applications, biosolids must first be stabilized through processing, such as digestion or the addition of lime, to reduce concentrations of heavy metals and recycling/composting industry. The Company has acquired sites, relationships, permits, knowledge, employees and all the other components necessary to capture a significant share of the emerging composting industry. Any 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. in this press release are necessarily subject to risks and uncertainties which may affect the accuracy of such statements and limit the Company's ability to meet its projections. Such risks may include unanticipated declines in revenues due to competitive market and general economic risk factors. For a full discussion of such risks, please refer to the Company's Form 10-KSB for the fiscal year ended April 30, 1997 and subsequent filings. |
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