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Corporate Vision Secures Second Site for Proprietary Transportation Technologies; Annual Revenues to Exceed $40,000,000.


Business Editors/Hi-Tech Writers

CHARLESTON, S.C.--(BUSINESS WIRE)--May 23, 2002

Corporate Vision, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CVIA CVIA Computer Virus Industry Association ) is pleased to announce that it has successfully implemented its proprietary transportation system (the "Jezco System") at a publicly owned Publicly owned can refer to:
  • Public company, a company which is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange
  • Public ownership, of government-owned corporations
 waste facility in Pennsylvania.

Through the Company's subsidiaries, debris will be transported from the Girard Point transfer station in Philadelphia to the Minerva landfill in Waynesburg, Ohio by means of the Company's specialized, patented containers.

Minerva Enterprises, Inc. is owned and operated by Massachusetts-based Environmental Waste Technology, Inc. ("EWT n. 1. (Zool.) The newt. "), and is currently utilizing the Jezco System under contract with the Company.

As previously announced, the Company recently licensed the rights to four patents which make up the Jezco System and which collectively provide a new, cost-effective means of transporting waste in the United States today. Girard Point is the second facility to utilize the revolutionary system since the Company began its aggressive marketing campaign early last month.

The Company reasonably anticipates four more northeastern sites on-line over the next few months as part of its initial phase of six northeastern sites utilizing the system.

In a similar agreement with EWT, the Company's subsidiary, CV Transportation, Inc. ("CVT CVT Continuously Variable Transmission (automotive, sport, utility & hybrid vehicles)
CVT Center for Victims of Torture
CVT Continuing Vocational Training
CVT Certified Veterinary Technician
CVT Control Value Table
"), has integrated and implemented the Jezco System at Girard Point as a return haul for its sister company, B-Right Trucking Co. ("B-Right").

Girard Point is owned by the country's third largest waste company, Republic Services, Inc. (NYSE NYSE

See: New York Stock Exchange
: RSG RSG Revenue Support Grant (UK)
RSG Recovery Storage Group (Microsoft Exchange)
RSG Ready, Set, Go!
RSG Regional Support Group
RSG Research Study Group (NATO) 
) ("Republic"). Republic currently operates approximately 89 transfer stations, 54 solid waste landfills and 26 recycling facilities nationwide.

In light of this enormous potential for the Company, CVT has engaged additional non-affiliated transporters to provide the best possible service available at Girard Point. The Company is hopeful it will be given the opportunity to service many other Republic owned sites into the future.

The projected initial phase of six sites is expected to generate an additional $10,000,000 in annualized annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
 revenues for the Company. If successful, consolidated revenues should exceed $50,000,000 annually. For the next phase, the Company is currently negotiating with other large-scale transportation companies, similar to B-Right, for implementation of the Jezco System in other parts of the country.

Mr. Gregory J. Gibson, 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 Corporate Vision, commented: "With each new Jezco location, distribution capabilities of B-Right increase commensurately, thereby creating greater operating efficiencies and profit margins in the process; these will serve as the staples of B-Right as it strives to achieve greater operating earnings Operating Earnings

Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue.

Notes:
Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before
 for the Company."

Mr. Richard D. Tuorto, Sr., Chairman of the Company, commented: "We could not be more pleased with the progress of B-Right and the recent growth of the Company as a whole. The Company is exploring numerous acquisitions and alliances to aid in the introduction of the Jezco System to the industry, all of which will prove beneficial to shareholder value."

Corporate Vision is a growth-oriented, business venture company, with current holdings and investments in transportation, technologies, and the environment. Additional information on B-Right may be viewed at www.Bright.com and a related Jezco System article may be viewed through a general inquiry at www.wastenews.com.

To receive press releases and information on Corporate Vision, Inc. via email or fax, please sign up at http://www.iccinfo.com/ICC Pages/IndexGet_Info.html; call 301/947-8010 or email info@iccinfo.com.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995: The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

For example, statements that describe Corporate Vision's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond Corporate Vision's control, will affect actual results.

Corporate Vision undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with Corporate Vision's annual report on Form 10-KSB for the fiscal year ended December 31, 2000 and other filings with the U.S. Securities and Exchange Commission by Corporate Vision.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Corporate Vision Secures Second Site for Proprietary Transportation Technologies; Annual Revenues to Exceed $40,000,000.
Publication:Business Wire
Geographic Code:1USA
Date:May 23, 2002
Words:694
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