MIAMI, FLORIDA -- (Marketwire) -- 01/24/12 -- BioNitrogen Corp. (PINKSHEETS: BION), developer of a revolutionary patent-pending technology for converting renewable biomass waste into high-nitrogen urea, is pleased to announce the appointment of Dr. Terry R. Collins, Ph.D., P.E., to the position of President and CEO, effective immediately, succeeding Mr. Jay Almedia who will remain on the Board of Directors.
Dr. Collins is positioning the Company as an emerging global solutions provider helping countries throughout the world manage the delicate balance of increasing food production, while also satisfying the world's demands for more environmentally friendly and efficient production facilities and methods. This is Dr. Collins vision and represents the corporate mission of BioNitrogen Corporation.
Over the course of Dr. Collins' private-sector career, he has accumulated almost 20 years of professional experience in corporate engineering and plant operations management for major agricultural manufacturing companies, including Cargill, Anderson Clayton Foods, ACCO Feeds, Paymaster Oil Mill Company and Archer Daniels Midland Company.
Dr. Collins has also held professorship over the past 13 years at four prestigious research universities, including the post of Associate Professor at the School of Industrial and Engineering Management, Oklahoma State University, as well as the Director of the Biodiesel Performance and Testing Laboratory. He also recently served on the Steering Committee for the Oklahoma Secretary of Energy Committee for Bioenergy Development.
Collins earned his Ph.D. in Industrial Engineering and Management, with a specialty in Technology Transfer and Engineering Management, from Oklahoma State University. Earlier, he attended Texas Tech University, where he completed two Bachelor of Science degrees in the areas of Agricultural Engineering (with specialization in Manufacturing Systems), and Agricultural Processing and Material Handling. He then went on to obtain his Masters of Science in Industrial Engineering, also from Texas Tech University.
Mr. Jay Almeida will continue to serve as a member of the Board of Directors.
Mr. Almeida is a specialist in international business development, with a focus on Latin America, the Caribbean, the United States and Canada. He is currently President, CEO and Chairman of the International Business Council of Florida (IBCF), the largest business organization in the state with 53,000 members and nearly 300 Strategic Alliance Partners across Florida and in several countries. Since 1999, he has been IBCF's Ambassador of Commerce of Florida for all Latin American and Caribbean countries.
About BioNitrogen Corp.
BioNitrogen is an American company focused on building fully operational, turnkey manufacturing facilities in the global marketplace to produce urea. A white, crystalline solid containing 46% nitrogen, urea is principally used in the agricultural industry as a crop fertilizer. The Company's innovative, patent-pending technologies transform residual agricultural waste and other biomass materials into high-quality bulk urea for sale to agricultural wholesalers and retailers. Modular in design and substantially smaller than traditional urea production plants, our facilities are capable of manufacturing 15 tons of urea fertilizer per hour for a total annual production of approximately 124,200 tons per plant. BioNitrogen is headquartered in Miami, Florida, USA and trades on the over-the-counter bulletin board under the stock symbol BION. Additional information can be found on BioNitrogen's website at www.BioNitrogen.com.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - This press release contains forward-looking statements, including without limitation statements about the operations and future prospects for BioNitrogen Corp. (the 'Company'). Forward-looking statements in this press release should not be viewed as pledges or undertakings regarding future performance. These forward-looking statements are subject to risks and uncertainties that could cause the Company's actual results to vary materially from those anticipated. The Company cautions the reader not to place too much reliance upon any such forward-looking statements, because such statements reflect the opinions and beliefs of the Company only as of the date when they were made. Factors that may cause actual results to differ materially from the forward-looking statements contained in this release include, among others, the following: (i) the Company's future operational, financial or marketing performance; (ii) the ability of the Company to bring new products to market that are complementary to the products that the Company currently produces; (iii) the ability of the Company to increase or maintain profit margins on the products it offers to the marketplace; (iv) the strength of the Company's product development pipeline; (v) the Company's growth and profitability prospects; (vi) the estimated size and growth prospects of the natural fertilizer market; (vii) the Company's competitive position in the natural fertilizer market and its ability to take advantage of future opportunities in this market; (viii) the benefits of the Company's products to be realized by customers; and (ix) the receptiveness of the agricultural and commercial market for bulk urea or other products that the Company manufactures. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made. The Company does not have any obligation to update forward-looking statements should circumstances change or should management's beliefs or opinions change.