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YELLOWSTONE ENTERS ACTIVATED CARBON BUSINESS

 SAN RAMON, Calif., Aug. 25 /PRNewswire/ -- On July 12, Roy Farmer, chief executive officer of Yellowstone Environmental Co. ("YES"), signed an agreement with Indian Dyestuff Industries Ltd. of Bombay, India, for establishing production and other facilities for the manufacture of 6,400 metric tons per annum of granular activated carbon ("GAC") in India. Among other things, GAC is used for water treatment, air pollution control and to remove contaminants from industrial process waste streams.
 This agreement is gratifying to YES as it is a manifestation of the company's goal to offer environmentally related technologies that create both current, as well as long-term re-occurring revenue streams. This also diversifies the company's core business of Environmental Engineering and Consulting.
 It is estimated that YES will collect $500,000 (US) in license and engineering fees over the next 18 months, as well as certain rights to equity investment and certain other fees over the life of the project.
 In anticipation of several additional projects, on July 28, 1993, Farmer signed a related agreement with Dr. Mohamed Aslam Ali, Dr. Anthony Castagna and Woody Gibson forming International Carbon Technologies (ICT), of which YES currently owns a majority of the stock. This agreement provides for the formation of ICT to obtain joint venture agreements for the establishment of at least three other one-step carbon plants to be located along the Pacific Rim.
 ICT is also charged with bringing the capital to meet the requirements of the joint venture companies, which will allow YES greater financial participation and profits from each project.
 ICT will provide international expansion and marketing services in connection with future product sales from implementation of carbon regeneration and impregnation services planned as future projects.
 The plants will manufacture activated carbon from coconut shells or solid organic waste using a revolutionary proprietary one-step pyrolysis process technology invented by Ali and which he and Yellowstone jointly own. YES will collect license, technology, engineering services and technical services fees from these projects. Royalties shall go to Ali and ICT. ICT will also share in the profits from the operation of these plants as well as profits from sales, regeneration and impregnation of the GAC.
 In other news, Joseph F. Smith Jr., previously executive vice president and general counsel, has been appointed chief executive officer and president.
 Farmer (previously chief executive officer) and Mike Noble (previously president) will remain as board members and advisors to Smith.
 Noble has been appointed president of Certified Environmental Corp., Yellowstone's largest wholly owned subsidiary.
 -0- 8/25/93
 /CONTACT: Joe Smith, 800-447-0171/


CO: Yellowstone Environmental Co.; Certified Environmental Corp.;
 Indian Dyestuff Industries Ltd.; International Carbon Technologies ST: California, Arizona IN: ENV SU: JVN PER


JL-LM -- LA008 -- 5697 08/25/93 08:33 EDT
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Publication:PR Newswire
Date:Aug 25, 1993
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