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Is this a good stock?......lol........et z
Is this company still alive? I thought it had changed name and/or symbol? Is the Kreisler gang still around?
So? I like KBFP better. Thoughts on KBFP?
KBFP is GERSD
Latest thoughts on KBFP?
Veridium Corporation Completes Merger
Consolidated New Company Expects to Commence Trading on October 20, 2003
PATERSON, N.J., Oct 15, 2003 /PRNewswire via COMTEX/ --
Veridium Corporation ("Veridium"), a premier environmental services provider that uses its patented and proprietary green technologies to recycle and mine commodities from industrial hazardous wastes, today announced the completion of its merger with KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP).
The merger, which will become effective on October 20, 2003, marks the completion of a series of acquisitions and the consolidation of the former Environmental Services Division of R.M. Jones & Co., Inc. ("Jones"), Enviro-Safe, Corp., KBF Pollution Management, Inc., American Metals Recovery, Corp., New World Recycling, Inc., and Metal Recovery Transportation, Corp., with and into Veridium. The new consolidated company is expected to commence trading on October 20, 2003 on the over the counter bulletin board maintained by the NASD.
Veridium's president and chief executive officer, Kevin Kreisler, stated that "the consolidation of these companies into and the creation of Veridium is an exciting and momentous occasion in the environmental industry. We expect that the creation of Veridium will have compelling and lasting positive implications on all of our stakeholders as we scale into our consumer markets, leveraging the operational efficiencies made possible by our unique green technologies to recycle, reuse and mine all reusable resources from industrial hazardous wastes in a safe, compliant and profitable manner."
Veridium's business model is to develop its markets organically and acquisitively as a premier environmental services provider on the basis of the powerful competitive advantages driven by Veridium's patented and proprietary green technologies. Veridium currently holds an estimated 0.3% share of the $6 billion domestic hazardous waste management industry with about $16 million in annualized revenue. With an annualized growth rate of sales of more than 20%, Veridium expects its annualized revenues to be in excess of $19 million within its first twelve months of operations with earnings before interest and taxes, depreciation and amortization of $2 million in the absence of additional acquisitions.
Business Outlook
"Our primary tactical focus for the immediate term is on the completion of the integration of our various operations and the satisfaction of our immediate term profitability and revenue benchmarks. Everything we are working on right now is further to these initiatives. While we have realized consolidation-related savings over the past five months and we continue to refine operations, we expect that it will take the balance of 2003 to complete our integration process and to fully realize the accretive impacts of the consolidation. With record increases in volume in some sectors and white-hot consumer demand for our services, we continue to have strong operational and sales results. Our target is to be profitable in Q4 2003," added Kreisler.
To support the ongoing consolidation, Veridium recently secured nominal equity and additional term financing and refinanced its credit facility to enhance liquidity at lower cost. Other goals integral to the completion of Veridium's consolidation efforts include the additional refinancing of Veridium's existing debt facilities and the restructuring of the consolidated balance sheet with the conversion of pre-consolidation long-term debt and other liabilities into equity.
About Veridium Corporation
Founded on the premise that environmentally superior results can be cost-effective, Veridium is setting a new standard for environmental service with its focus on the use of state of the art green technologies to recycle, reuse and mine commodities from industrial hazardous wastes. Veridium's patented and proprietary technologies allow it to offer a much broader array of competitively priced industrial hazardous waste recycling services than any other recycling service provider in existence. Veridium's mission is to minimize and eliminate the need for disposal and reduce the burden on natural resources by recycling, reusing and mining all reusable resources from industrial hazardous wastes in a safe, compliant and profitable manner. Additional information on Veridium and its business model is available online at www.veridium.com.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with the Company's business can be found in the Company's predecessor, KBF Pollution Management, Inc.'s Annual Report on Form 10-KSB for the year ended December 31, 2002, and other periodic filings with the SEC. In addition, although the Company has submitted a listing application for its common stock with the American Stock Exchange, it does not satisfy all of the listing criteria of the exchange and it may be seeking a partial waiver of at least one of the listing criteria. No assurance can be given that the Company's common stock will be listed on the American Stock Exchange or if so listed, that any trading market will develop. The Company trades on the over the counter bulletin board maintained by the NASD.
SOURCE Veridium Corporation
Corporate Relations of Veridium Corporation, 1-800-366-1426,
fax - +1-973-942-7527, investorrelations@veridium.com
http://www.veridium.com
--------------------------------------------------------------------------------
Copyright (C) 2003 PR Newswire. All rights reserved.
News provided by
KBF Pollution Management Announces Second Quarter 2003 Financial Results
PATERSON, N.J., Aug 26, 2003 /PRNewswire-FirstCall via COMTEX/ --
KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF"), a premier waste recovery company that recycles and mines commodities from industrial wastes with green technologies, today announced its financial results for the second quarter ended June 30, 2003.
Total revenue increased 281 percent in the current second quarter to $3.1 million from approximately $806,000 for the same period in the previous year. The increase was primarily the result of the Company's recent acquisitions completed during the quarter, and include two months of consolidated operations. The Company's second quarter revenue was also favorably impacted by operational synergies developed after completion of these acquisitions. The Company intends to further exploit these combined market opportunities to fuel long-term growth under the Veridium brand, following its planned consolidation of the Company and its recent acquisitions into Veridium Corporation in September 2003.
Total cost of revenue for the three months ended June 30, 2003 increased to $2.3 million, which include non-recurring costs associated with the integration of the Company's various acquisitions completed during the period. This compares to $688,000 for the same period in 2002. The Company's gross profit margin increased to 24% as compared to 15% from the same period in 2002. The increase in gross profit is attributable to the traditionally higher gross margins associated with the businesses acquired during the period as compared to the Company's pre-acquisition recycling operations, which have been historically administered at or near their break-even volumes. The Company's GAAP net loss for the current second quarter was $860,000 as compared to $296,000 for the same period in 2002. The increased loss was principally attributable to expenses related to the Company's recent acquisitions.
The Company's aggregate general and administrative, selling and research and development expenses for the three months ended June 30, 2003 increased to approximately $1.2 million as compared to approximately $392,000 for the same period in 2002. Included in these increases are non-recurring expenses associated with the integration of the Company's various acquisitions completed during the period and the rationalization of the Company's combined new operations. The Company anticipates that these expenses will increase in the short term and then decline, as a percentage of total revenue, as the Company completes its corporate restructuring plan, the integration of its various acquisitions, and normalizes its selling expenses for its new expanded operations. The Company additionally reported accounts receivable of $3.2 million as of June 30, 2003, the average day sales outstanding of which was under 60 days. The increase reflects the addition of the assets of the acquisitions completed during the second quarter.
Business Outlook
Kevin Kreisler, the Company's president and chief executive officer, remarked, "Our management team expects the Company's loss to decrease and reach profitability as we complete the integration of our acquired operations and the benefits of these acquisitions impact revenue. We intend to develop our market organically and acquisitively with a focus on maximizing gross margin and achieving positive results." Mr. Kreisler continued, "The acquisitions have not only improved our revenue stream, but also added highly experienced professionals to our management team. As we consolidate our strengths under Veridium Corporation with the completion of our upcoming merger, we expect to combine our industry knowledge and our proprietary green technologies to further penetrate the market."
Upon completion of the Company's merger with its wholly owned subsidiary, Veridium Corporation, the Company will establish itself as a premier environmental services provider that uses state-of-the-art green technologies to recycle and mine commodities from industrial hazardous wastes. The Company's Form 10-QSB for the second quarter ended June 30, 2003 is available online at www.kbf-pmi.com.
The Company additionally disclosed that its recent acquisition of Vulcan Waste Systems, Inc. from Kerns Manufacturing, Inc. is subject to rescission by the Company due to the failure by Vulcan to deliver compliant assets under the terms of the relevant asset purchase agreements, and is the subject of an action filed in August 2003 for breach of contract.
About Veridium Corporation
Founded on the premise that environmentally superior results can be cost-effective, Veridium is setting a new standard for environmental service with its focus on the use of state of the art green technologies to recycle, reuse and mine commodities from industrial hazardous wastes. Veridium's patented and proprietary technologies allow it to offer a much broader array of competitively priced industrial hazardous waste recycling services than any other recycling service provider in existence. The Company expects to complete its merger with Veridium in September 2003. Veridium is currently a wholly-owned subsidiary of KBF Pollution Management, Inc.
Veridium's mission is to minimize and eliminate the need for disposal and reduce the burden on natural resources by recycling, reusing and mining all reusable resources from industrial hazardous wastes in a safe, compliant and profitable manner. More information on Veridium and its business model is available online at www.veridium.com.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2002, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
KBF Pollution Management, Inc., Corporate Relations,
1-800-366-1426, fax, +1-973-942-7527, investorrelations@kbf-pmi.com; or
Investor Relations - Joe Zappulla of the Wall Street Investor Relations Corp.,
+1-212-714-2445, jzappulla@wallstreetir.com, for KBF Pollution Management,
Inc.
http://www.kbf-pmi.com
--------------------------------------------------------------------------------
Copyright (C) 2003 PR Newswire. All rights reserved.
News provided by
KBF Pollution Management Announces First Quarter 2003 Financial Results
PATERSON, N.J., May 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF"), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, today announced its financial results for the first quarter ended March 31, 2003.
Total revenue for KBF for the period ended March 31, 2001, rose to $1,010,694 from $946,576 for the same period in 2002. The increased revenues were mainly attributable to the expansion of KBF's recycling operations and increased investment in sales and assets necessary to complete KBF's corporate restructuring plan.
KBF's 10-QSB for the year ended 2002 disclosed that loss before interest, taxes, depreciation and amortization for the quarter ended March 31, 2003, was $(171,320) after adjustment for non-recurring and non-cash items totaling an additional $(82,742) relating to KBF's completion of its corporate restructuring plan which includes the Company's pending consolidation and merger with Veridium Corporation as well as its application for listing on the American Stock Exchange. These items, taken in conjunction with the impact of the substantial assets and revenues associated with the Company's recently completed acquisitions are expected to substantially strengthen the consolidated company's earnings and financial statements as it completes its planned merger with Veridium Corporation.
Upon completion of this merger, Veridium will develop its markets organically and acquisitively as a premier environmental services provider that uses state-of-the-art green technologies to recycle and mine commodities from industrial hazardous wastes. Revenues of the companies on a historical consolidated basis were in excess of about $13.8 million, $15.2 million and $17.0 million for the three years ending December 31, 2000, 2001 and 2002, respectively. The consolidated company's growth rate is expected to be in excess of 20% per year in the absence of additional acquisitions. The Company expects to generate $19 million in revenue with $2 million in earnings before interest, taxes, depreciation and amortization within the first twelve months of completion of the Veridium-KBF merger and in the absence of additional acquisitions.
KBF's 10-QSB for the first quarter ended March 31, 2003 is available online at www.kbf-pmi.com.
About Veridium Corporation
Founded on the premise that environmentally superior results can be cost-effective, Veridium is setting a new standard for environmental service with its focus on the use of state of the are green technologies to recycle, reuse and mine commodities from industrial hazardous wastes. Veridium's patented and proprietary technologies allow it to offer a much broader array of competitively priced industrial hazardous waste recycling services than any other recycling service provider in existence. Veridium expects to merge with KBF and to secure approval for the listing on the American Stock Exchange conditioned on the completion of the Veridium-KBF merger. The terms of the Veridium-KBF merger are expected to be resolved at KBF's next annual shareholder meeting, which will be held in Q3 2003. Veridium Corporation and Veridium Environmental Corporation are both currently wholly-owned subsidiaries of KBF Pollution Management, Inc. Additional information on KBF is available online at www.kbf-pmi.com. Additional information on Veridium and its business model is available online at www.veridium.com.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2002, and other periodic filings with the SEC. In addition, although the Company has submitted a listing application for its common stock with the American Stock Exchange, it does not satisfy all of the listing criteria of the exchange and it may be seeking a partial waiver of at least one of the listing criteria. No assurance can be given that the Company's common stock will be listed on the American Stock Exchange or if so listed, that any trading market will develop. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Corporate Relations, KBF Pollution Management, Inc.,
1-800-366-1426, fax, +1-973-942-7527, investorrelations@kbf-pmi.com; Media,
Stephanie Stern, President, Stern & Co., +1-212-888-0044
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
KBFP now Veridium...
Veridium Forecasts Increased Demand and Penetration Target in $6BMarket-Names Jim Green Chief Marketing Officer and President of Veridium's Environmental Services Division
PATERSON, N.J., May 9, 2003 (BUSINESS WIRE) -- Veridium Environmental Corporation (OTCBB: KBFP) ("Veridium"), a premier environmental services provider that uses state-of-the-art green technologies to recycle and mine commodities from industrial wastes, today announced its market penetration goal of $200 million in annual revenue and its target to achieve this goal within four years.
Achieving this target would earn Veridium a 3% share of the $6 billion national hazardous waste management market. The Company intends to meet this target through a combination of market development and acquisitions.
To reach these goals, Veridium's parent company, KBF Pollution Management, Inc., is completing a corporate restructuring plan which includes its planned merger with Veridium and pending listing application for the American Stock Exchange, and has hired a senior management team with a proven track record of performance. Chief among the new hires is Jim Green, who is now Veridium's chief marketing officer and president Veridium's environmental services division.
Mr. Green was formerly employed as the Chief Operations Officer for Heritage Environmental Services and the Vice President for Laidlaw, Inc., where he was responsible for what was the chemical services division of Safety-Kleen, with 24 operations in North America, over 1500 employees and $200 million in revenue. He has also served as president of North East Solvents, where he grew an extremely profitable $40 million company from sales of $4 million within four years before being acquired by Laidlaw, Inc. Most recently, as head of the Environmental Services Division of R.M. Jones & Co., Inc. ("Jones"), Green increased sales by about 400% from $3.6 million to about $13.5 million, and increased earnings from break-even to over $900,000 in each of 2001 and 2002. Mr. Green holds undergraduate and advanced degrees in biochemistry and medicinal chemistry and has participated in executive MBA programs.
"Jim Green is one of the leading executives in our industry and an architect of the market as we know it today. His outstanding record of growing and operating safe, compliant and sustainably profitable businesses in the environmental services sector is proof positive that his entrepreneurial yet disciplined methods are successful. We are extremely excited by his addition to our senior management team," said Kevin Kreisler, Veridium's president and chief executive officer.
Mr. Green added: "Veridium's innovative green technologies are the only real practical alternative to disposal and we will use them to redefine the way industry manages its industrial hazardous wastes. Disposal of inorganic hazardous wastes will quickly become a thing of the past as we scale Veridium into the national markets and, whether it be through acquisitions or by just making more sales calls, I know that I will personally have great fun ensuring that Veridium's growth is carried out in a strategic and profitable manner. We have assembled an excellent team of sales and operational personnel and I am very excited to have the opportunity to lead them as we grow Veridium."
A critical member of this team is Veridium's new head of national sales, James Mullowney. As a 15 year veteran of the industry, Mr. Mullowney, has extensive experience in hazardous waste sales and marketing. Most recently, he served as the vice president of Jones. Prior to that, Mullowney and Green worked together at Northeast Solvents, where as Marketing Manager for Field Services, Mullowney was responsible for sales revenues of over $20 million. His successful track record in hazardous waste sales, includes growing a hazardous waste management business from $600,000 to $6 million in revenue over a three-year period. Mullowney holds a B.S. in Chemistry.
"The formation of Veridium has sparked tremendous excitement in our consumer markets and is resulting in increased demand for our recycling services. We fully intend to leverage this excitement and develop substantial additional market share as we bring the many benefits of being green to our customers. From productivity increases to regulatory benefits, the 'cradle-to-cradle' mindset is the wave of the future. Most of our potential customers, particularly the large corporate accounts, have come to this realization and I am thrilled to have the chance to play an integral role in the company leading the charge brining these benefits to market," said Mullowney.
Kreisler added: "James is, in every sense of the word, a rainmaker. His understanding of the technical and regulatory intricacies of hazardous waste recycling and significant sales expertise gives him the ready ability to envision and affect real change for his clients. We expect that James will make a material and lasting contribution to our business model and we are looking forward with great anticipation to his satisfaction of our national revenue and profitability goals."
Veridium previously announced that it expects to generate in excess of $19 million in revenue with $2 million in earnings before interest, taxes, depreciation and amortization within the first twelve months of completion of its pending merger with its parent company, KBF Pollution Management, Inc., and revenue growth of in excess of 20% per year in the absence of additional acquisitions. The Company has recently secured a number of new significant accounts and expects to meet these targets as demand continues to increase.
About Veridium Corporation
Founded on the premise that environmentally superior results can be cost-effective, Veridium is setting a new standard for environmental service with its focus on the use of state of the are green technologies to recycle, reuse and mine commodities from industrial hazardous wastes. Veridium's patented and proprietary technologies allow it to offer a much broader array of competitively priced industrial hazardous waste recycling services than any other recycling service provider in existence. Veridium expects to merge with KBF and to secure approval for the listing on the American Stock Exchange conditioned on the completion of the Veridium-KBF merger. The terms of the Veridium-KBF merger are expected to be resolved at KBF's next annual shareholder meeting, which will be held in Q3 2003. Veridium Corporation and Veridium Environmental Corporation are both currently wholly-owned subsidiaries of KBF Pollution Management, Inc. Additional information on KBF is available online at www.kbf-pmi.com. Additional information on Veridium and its business model is available online at www.veridium.com.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to meet its projections and scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2002, and other periodic filings with the SEC. In addition, although the Company has submitted a listing application for its common stock with the American Stock Exchange, it does not satisfy all of the listing criteria of the exchange and it may be seeking a partial waiver of at least one of the listing criteria. No assurance can be given that the Company's common stock will be listed on the American Stock Exchange or if so listed, that any trading market will develop. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol ``KBFP.''
SOURCE: Veridium Environmental Corporation
CONTACT: Veridium Corporation
Corporate Relations, 800-366-1426
Fax: 973-942-7527
investorrelations@veridium.com
or
Media, please contact:
Stern & Co.
Stephanie Stern, President, 212-888-0044
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
*************************************************************
SPECIAL ALERT
KBF POLLUTION MANAGEMENT, INC. (OTCBB:KBFP)
Near Term Target Price: $0.23
Shares Outstanding
170.89 million
Approx. Float
102.7 million
Near Term Price Proj.
$0.23
A Few Reasons to Own KBFP:
1.KBFP, a New York Corporation, was organized in 1984 under the name Kreisler Bags &
Filtration, Inc., which name was changed to KBF Pollution Management, Inc. in 1986,
and have been trading publicly since 1987.
2.KBFP will have $20 Million Dollars in revenues with $2.0 Million Dollars in EBITA in first
year upon completion of pending merger with Veridium.
3.KBFP revenues of the companies acquired on a historical consolidated basis were in
excess of about $13.8 Million, $15.2 Million and $17.0 Million for the three years ending
December 31, 2000, 2001 and 2002, respectively.
4.KBFP consolidated company's growth rate is expected to be in excess of 20% per year
in the absence of additional acquisitions.
5.KBFP will execute roll-up strategy, acquiring key companies in the industry in a
hub-and-spoke manner across the country.
6.KBFP’s target is to ramp up to $200 Million Dollars in sales through acquisitions over
the next 4-5 years.
7.KBFP broad customer base, includes many Fortune 500 companies, including: Air
Products, Analog Devices, Black and Decker, Honeywell, Howmet, a division of Alcoa,
USR Optonix, a division of Mitsubishi Chemical, Mack Truck, Moen, Osram Sylvania,
Sartomer, Sanmina, Stanley Bostich, Strum Ruger, Titeflex and Tyco.
8.KBFP operates in a $6 Billion Domestic Market (on the tipping fees); Metal Markets are
much larger.
9.KBFP application for listing on American Stock Exchange is pending; KBFP expects to
be trading on AMEX in Q3-Q4.
About
KBFP, a New York Corporation, was organized in 1984 under the name Kreisler Bags &
Filtration, Inc., which name was changed to KBF Pollution Management, Inc. in 1986. KBFP
has traditionally specialized as a wastewater recycling service provider, recycling liquid
hazardous and non-hazardous metal bearing wastes. Much of the KBFP's efforts in the
years subsequent to its founding were focused on the research, development and
implementation of innovative technologies for the recycling of hazardous wastes.
During this time KBFP developed a strong local following for its services, the revenues from
which were eventually leveraged into the KBFP's present growth initiatives - initiatives
premised on safe, compliant and profitable infrastructure development and service
distribution. KBFP long-term plans are to become the nation's premier recycling service
provider by building and operating centralized recycling and commodity manufacturing
facilities in key demographic regions, supported by a web of full service transfer and
distribution centers.
Investment Opportunity
KBFP is a new class of participant in a market that few are aware of, but that spans nearly
every sector of the economy: the hazardous waste management industry. Service providers
in this industry are paid to manage the toxic by-products generated by the vast array of
manufacturing processes that are critical to the foundation of the modern economy - from
specialty chemicals to ceramics, aerospace to pharmaceuticals, telecommunications to
electronics, automotive to food products, munitions to metal finishing, petroleum refining to
plastics - the list goes on, and it reaches into all but every sector of the modern industrial
economy.
KBFP was founded on the premise that environmentally superior results can be cost
effective, KBFP is setting a new standard for environmental service with its focus on the use
of state-of-the-art green technologies to recycle, reuse and mine commodities from industrial
hazardous wastes.
KBFP recently completed four strategic acquisitions and is currently seeking financing for
this and other strategic acquisitions, as well as for other critical aspects of KBFP strategic
plan to bring its unique technologies to market on a national scale.
KBFP controls a distinct and incomparably powerful competitive advantage. Hazardous
industrial wastes are vast resources they contain valuable metals like chrome, copper,
nickel, silver and titanium in concentrations many times greater than virgin ore extracted
from the earth, and partially consumed chemical compounds that retain reuse potential.
More than 99% of the hazardous wastes generated last year were either landfilled or
incinerated for the want of a cost-effective recycling outlet burying or burning waste has
always been cheaper and easier. KBFP’s technologies enable the large-scale recycling of
hazardous wastes at the same cost to the generator as landfill or incineration.
The value proposition of KBFP’s technologies is compelling: KBFP provides the service of
recycling hazardous wastes (for which KBFP charges a tipping fee equal to the price of
disposal) from which KBFP mines metallic commodities (which KBFP then sells to metal
manufacturers for about half of their inherent value). Leveraged with volume, KBFP’s
technologies are capable of remarkable degrees of profitability, the scalability of which is
critical to and the core driver of KBFP’s business model.
The prime component of KBFP’s business model is to leverage its economies of scale by
maximizing the distribution of qualified hazardous wastes into centralized recycling, reuse
and mining facilities located in key domestic markets. The focus of KBFP’s immediate-term
plans for growth will be on organic development, increasing penetration in the Northeastern,
New England and Mid-Atlantic markets, and the continued and aggressive acquisitive
development of realistic and sustainably profitable means to scale into the national markets,
leveraging the economies of scale and high degrees of profitability associated with the
centralized application of KBFP’s technologies.
Valuation
Garbage In----Garbage Out!
Remember Wayne Huizenga who started with a small, little company and built it into the
behemoth waste disposal company through acquisitions called Waste Management, a Multi
Billion Dollar Waste Company.
Yes, this is the same Wayne who left Waste Management and went onto other endeavors
such as founding Blockbuster Video, which he sold and made a Billion or Two. Then along
the way went on to own the Miami Dolphins, Florida Marlins (by the way he won the World
Series) and Panthers, as well as being current Chairman of AutoNation & Boca Resorts.
Now guess what? After all this, he is back and still in the garbage business, as Chairman of
Republic Services Inc., one of the largest providers of solid waste collection and disposal
services in the U.S.A.
We guess the point is the Waste Disposal Business could be quite lucrative if managed
properly.
KBFP, although you may never have heard of them before, has been public since 1987.
About 3 years ago KBFP embarked upon an aggressive roll-up strategy (just like Wayne) to
capitalize on their Patented Technology.
In January, KPFP applied for a listing on the American Stock Exchange (Don’t Laugh). From
the little due diligence that we did (don’t trust what we say) regarding listing requirements for
AMEX, KBFP for the most part, actually meets all the requirements except stock price. In
looking at KBFP’s most recent 10k, you will notice that over $ 16 Million dollars has been
invested in KBFP over time, and that shareholder equity is in excess of $ 8 Million Dollars.
NOT YOUR TYPICAL NICKEL STOCK!
So maybe, if KBFP can continue on their roll-up strategy and by judging the most recent PR,
not only have they announced proposed mergers but have actually CLOSED them. Maybe
one day NEAR TERM KBFP can be just like WAYNE.
We believe the NEAR TERM VALUE in KBFP’s Stock Price Has to do with Veridium.
As Quoted in KBFP’s most recent PR dated 5/07/03:
Veridium Environmental Completes Acquisition of Environmental Services Division of R.M.
Jones & Co., Inc., Consolidated Company Expects to Complete Merger With KBF Pollution
Management in Q3 2003
"Jones, Enviro-Safe, MRTC, Vulcan Waste Systems, Inc. (another recently completed
acquisition), and KBF Pollution Management, Inc., Veridium's current parent company, will
all be consolidated into Veridium Corporation upon the completion of the Company's
previously announced merger with KBF. The Veridium-KBF merger is expected to be
completed in the third quarter 2003. These events are among the final steps of KBF's
corporate restructuring plan, the principal goal of which is to optimally position the
Company for the accelerated execution of its business model.”
OK enough said, what could KBFP’s Stock Price be worth NEAR TERM? In our opinion,
KBFP would love nothing more than to be just like Wayne and his peers (The Big Boy’s).
According to Multex, KBFP would be classified in the THE WASTE MANAGEMENT
SERVICES SECTOR, one of the KEY VALUATION RATIOS IS PRICE TO SALES, on a trailing
twelve month basis the peer group trades at 2.6 times sales.
IF OVER THE NEAR TERM, BASED ON PREVIOUS PR AND AN AGGRESSIVE BUSINESS
PLAN KBFP COULD TRADE IN THE MARKETPLACE AT A 75% MULTIPLE OF ITS PEERS
(75% x 2.6 = 1.95), THEN BASED ON PROJECTED REVENUES OF $20 MILLION DOLLARS
NEXT YEAR,
WHEN APPLYING THE COMPARATIVE GROUPING’S AVERAGE PRICE TO REVENUE
MULTIPLES TO KBFP WE CAN ARRIVE AT A RELATIVE VALUATION OF $0.23 PER SHARE
OVER THE NEAR TERM.
So Keep a REALLY, REALLY Watchful Eye on this Old Timer, And as always Watch This
Stock Trade!
Conclusion
An excerpt from the CEO’s quote from PR dated 5/1/03 regarding earnings, "The positioning
of KBF to effectively leverage its unique technologies and recycling capabilities has been a
complex and lengthy process and one that will prove to be well worth the cost. Our efforts
are rapidly coming to a conclusion as we close on our previously announced acquisitions in
the immediate term and prepare the Company for its upcoming merger with Veridium.
Combined, these transactions are designed to maximize our shareholder wealth…”
Veridium Environmental Completes Acquisition of Environmental ServicesDivision of R.M. Jones & Co., Inc.-Consolidated Company Expects to CompleteMerger With KBF Pollution Management in Q3 2003
PATERSON, N.J., May 7, 2003 /PRNewswire-FirstCall via COMTEX/ -- Veridium Environmental Corporation (OTC Bulletin Board: KBFP) ("Veridium"), a premier environmental services provider that uses state-of-the-art green technologies to recycle and mine commodities from industrial wastes, today announced the completion of its acquisition of the Environmental Services Division of R.M. Jones & Co., Inc. ("Jones"), Enviro-Safe, Corp., and Metal Recovery Transportation, Corp. ("MRTC").
Jones, Enviro-Safe, MRTC, Vulcan Waste Systems, Inc. (another recently completed acquisition), and KBF Pollution Management, Inc., Veridium's current parent company, will all be consolidated into Veridium Corporation upon the completion of the Company's previously announced merger with KBF. The Veridium-KBF merger is expected to be completed in the third quarter 2003. These events are among the final steps of KBF's corporate restructuring plan, the principal goal of which is to optimally position the Company for the accelerated execution of its business model.
Upon completion of the Veridium-KBF merger, Veridium will develop its markets organically and acquisitively as a premier environmental services provider that uses state-of-the-art green technologies to recycle and mine commodities from industrial hazardous wastes. Revenues of the companies on a historical consolidated basis were in excess of about $13.8 million, $15.2 million and $17.0 million for the three years ending December 31, 2000, 2001 and 2002, respectively. The consolidated company's growth rate is expected to be in excess of 20% per year in the absence of additional acquisitions. Additionally, the consolidation of Jones is expected to be accretive to earnings as additional volumes of industrial waste are diverted away from traditional disposal and routed to Veridium's hazardous waste recycling facility for recycling and mining. The Company expects to generate $19 million in revenue with $2 million in earnings before interest, taxes, depreciation and amortization within the first twelve months of completion of the Veridium-KBF merger and in the absence of additional acquisitions.
"We are thrilled by the completion of these acquisitions and their dramatic impact on our business model. We have worked very hard for a long time to bring these events to fruition and we are very excited by the prospects of unleashing the Veridium brand into the markets," said Kevin Kreisler, Veridium's president and chief executive officer.
"With the completion of these acquisitions as well as our pending merger and AMEX listing, we will have created a strong environmental service company with a powerful competitive advantage in our green technologies," added Kreisler. "This advantage fuels our recycling capabilities and will be realized by the exceptionally talented people that come with each of these companies. Jones' and Enviro-Safe's operational and sales assets are some of the most talented in the industry and KBF's technical and engineering talent have proven that the safe and compliant recycling of hazardous waste on a large-scale is cost-effective. Taken with Veridium's seasoned senior management, we are all very much looking forward to growing an enduring and profitable company."
The acquisitions were completed with a mixture of cash, debt and equity totaling in aggregate approximately $4.25 million, plus the assumption of certain liabilities. Moreover, Christopher Jones, formerly a majority owner of the Environmental Services Division of R.M. Jones & Co., Inc., will bring his substantial industry experience to Veridium's new board of directors where he will assist with the growth of the Company. The Company will commence doing business as Veridium Environmental Corporation immediately. Additional terms were not disclosed at the time of this release.
About Veridium Corporation
Founded on the premise that environmentally superior results can be cost-effective, Veridium is setting a new standard for environmental service with its focus on the use of state of the are green technologies to recycle, reuse and mine commodities from industrial hazardous wastes. Veridium's patented and proprietary technologies allow it to offer a much broader array of competitively priced industrial hazardous waste recycling services than any other recycling service provider in existence. Veridium expects to merge with KBF and to secure approval for the listing on the American Stock Exchange conditioned on the completion of the Veridium-KBF merger. The terms of the Veridium-KBF merger are expected to be resolved at KBF's next annual shareholder meeting, which will be held in Q3 2003. Veridium Corporation and Veridium Environmental Corporation are both currently wholly-owned subsidiaries of KBF Pollution Management, Inc. Additional information on KBF is available online at www.kbf-pmi.com . Additional information on Veridium and its business model is available online at www.veridium.com .
About R.M Jones & Co., Inc.
R.M. Jones was founded in 1962, and has been providing hazardous waste management services to clients throughout New England since 1980. With a large customer base, representing over 5,000 different industrial wastes, a seasoned management team and a permitted distribution facility in Massachusetts, Jones has developed a strong reputation for its provision of exceptional services. Its Massachusetts facility was the only facility in New England to receive the Environmental Information Ltd. award for perfect regulatory compliance in 1999, 2000 and 2001, and is expected to receive this award again for 2002.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2002, and other periodic filings with the SEC. In addition, although the Company has submitted a listing application for its common stock with the American Stock Exchange, it does not satisfy all of the listing criteria of the exchange and it may be seeking a partial waiver of at least one of the listing criteria. No assurance can be given that the Company's common stock will be listed on the American Stock Exchange or if so listed, that any trading market will develop. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE Veridium Corporation
CONTACT: Corporate Relations of Veridium Corporation, 1-800-366-1426, or
fax, +1-973-942-7527, or investorrelations@veridium.com; or Media, Stephanie
Stern, President of Stern & Co., +1-212-888-0044
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
Webcast Alert: KBF Pollution Management, Inc Announces Its Fiscal YearEnd 2002 Results Review Conference Call Webcast
PATERSON, N.J., Apr 30, 2003 /PRNewswire via COMTEX/ -- KBF Pollution Management, Inc (OTC Bulletin Board: KBFP) announces the following Webcast:
What: KBF Pollution Management, Inc Fiscal Year End 2002 Results
Review Conference Call Webcast
When: May 1, 2003 @ 10:00 AM Eastern
Where: http://www.vcall.com/EventPage.asp?ID=83657
How: Live over the Internet -- Simply log on to the web at the
address above.
Contact: Truc Nguyen, (212) 888-0044 or tnguyen@sternco.com
If you are unable to participate during the live webcast, the call will be available for replay at http://www.vcall.com/ClientPage.asp?ID=83657 or http://www.vcall.com/
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary green technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
SOURCE KBF Pollution Management, Inc
CONTACT: Truc Nguyen, +1-212-888-0044 or tnguyen@sternco.com
URL: http://www.vcall.com/EventPage.asp?ID=83657
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
KBFP, the news keeps coming !!!
KBF Pollution Management To Acquire Enviro-Safe Corp. and Metal RecoveryTransportation, Corp.
PATERSON, N.J., Apr 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF"), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, today announced its plans to acquire Enviro-Safe Corp. and Metal Recovery Transportation, Corp. as part of its ongoing consolidation with Veridium Corporation. The deals bring assets and resources crucial to the formation of Veridium's transportation and field service units.
Under the terms of the agreements, KBF will acquire both companies for a combination of equity, debt and the assumption of certain liabilities. Both acquisitions are scheduled to close later this month in conjunction with the Company's completion of its acquisition of the Environmental Services Division of R.M. Jones & Co., Inc. Upon completion of these acquisitions, KBF will be consolidated with R.M. Jones, Vulcan Waste Systems, Enviro-Safe and Metal Recovery Transportation into Veridium.
About KBF Pollution Management, Inc.
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary green technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
About Veridium Corporation
Currently a wholly-owned subsidiary of KBF, Veridium will, upon completion of its pending merger with KBF, position itself as a premier environmental services provider that focuses on the use of state-of-the-art green technologies to recycle and mine commodities from industrial hazardous wastes. The terms of the KBF-Veridium merger are expected to be resolved at KBF's next annual shareholder meeting, which will be held later this quarter. The Company filed its application for listing on the American Stock Exchange earlier this year and will seek to secure approval for the listing conditioned on the completion of the KBF-Veridium merger. Additional information on Veridium and its business model is available online at www.veridium.com.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. In addition, although the Company has submitted a listing application for its common stock with the American Stock Exchange, it does not satisfy all of the listing criteria of the exchange and it may be seeking a partial waiver of at least one of the listing criteria. No assurance can be given that the Company's common stock will be listed on the American Stock Exchange or if so listed, that any trading market will develop. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
Phone: +1-800-366-1426, Fax: +1-973-942-7527, investorrelations@kbf-pmi.com;
or Media - Stephanie Stern, President of Stern & Co. Communications,
Phone: +1-212-888-0044
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
KBF Pollution Management Reschedules Conference Call
PATERSON, N.J., Apr 14, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, announced today that it has rescheduled its planned conference call to discuss KBF's results for the year ended December 31, 2002, to 10:00 a.m. EST Thursday, May 1, 2003, instead of April 15, 2003, as previously reported.
On the call, management will discuss its Year Ended 2002 results, review operational highlights and other business developments. The Company invites you to participate on the call at one of the following telephone numbers: 1-800-263-0877 (Domestic Callers) or 1-719-457-2602 (International Callers). Please provide pass code 314067 for access. The call will also be available as a webcast on www.vcall.com. A replay of the call will be available here from Thursday, May 1, 2003 at 1:00 PM EDT, through Thursday, May 8, 2003. To access the replay, please call (888) 203-1112 in the United States or (719) 457-0820 outside the United States and use the following code: 314067.
The online archive of the broadcast will also be available within one hour of the live call on KBF's website at www.kbf-pmi.com. If you have any questions, please contact Joseph Schmidt at 800-366-1426 or via email at investorrelations@kbf-pmi.com.
About KBF Pollution Management, Inc.
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary green technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. In addition, although the Company has submitted a listing application for its common stock with the American Stock Exchange, it does not satisfy all of the listing criteria of the exchange and it may be seeking a partial waiver of at least one of the listing criteria. No assurance can be given that the Company's common stock will be listed on the American Stock Exchange or if so listed, that any trading market will develop. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
800-366-1426, Fax, +1-973-942-7527, investorrelations@kbf-pmi.com; Media -
Stephanie Stern, President of Stern & Co., +1-212-888-0044, KBF Pollution
Management, Inc.
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
KBFP Kevin Kreisler, President, interviewed on CEO Files, the largest online audio feed in North America, reaching 3 million listeners.
http://www.theaxcess.net/
interview link:
http://events.jetstreammedia.com/index.cfm?fuseaction=showlobby&CFID=5043881&CFTOKEN=2533965...
pertains to KBFP
I think this still has yet to sink in:
excerpted from the 04/03/03 press release:
Under the terms of KBF's agreement with Vulcan, the Vulcan acquisition is based on a formula tied to KBF's completion of its acquisition of the environmental services division of R.M. Jones and the liquidation value of the Vulcan assets, which is $7.16 million. This formula corresponds to a price per share of $0.265 of KBF common stock at 15% of KBF's issued and outstanding common stock on a fully diluted basis for 100% of Vulcan.
The full release: http://www.kbf-pmi.com/news/pr/pr.php?prid=41
Reread it...
And this from today:
http://www.kbf-pmi.com/news/pr/pr.php?prid=43
“John brings a wealth of necessary expertise to KBF at a critical time in our evolution,” said Kevin E. Kreisler, KBF’s president. “His experience in implementing a roll-up strategy for a company in a related industry is particularly relevant given our intention to acquire a series of compatible companies after the completion of the pending KBF-Veridium merger. We are very excited by his addition to our management team.”
Looks like additional acquisitions being contemplated...
KBF Pollution Management Appoints John Armas as Chief FinancialOfficer;-Schedules Conference Call to Discuss Results for the Year, EndedDecember 31, 2002
PATERSON, N.J., Apr 11, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, today announced the appointment of John Armas to its chief financial post. Mr. Armas will oversee the Company's finances and play an integral role in the rapid scaling of its business model as it executes its organic and acquisitive growth strategies. Upon the completion of KBF's pending merger with Veridium Corporation, Mr. Armas will hold the post of chief financial officer of Veridium.
Mr. Armas has over twenty years of financial experience in the manufacturing and service sectors after beginning his career with Ernst & Young. Mr. Armas has held senior financial and managerial posts at several large public and private companies, including RCA, Inc., USA Detergents, Inc., and Prins Recycling Corp. Notably, as the chief financial officer of Prins Recycling, Mr. Armas played an central role in the rapid growth of a public, multi-facility recycling company from $4 million in sales to over $120 million in four years. Mr. Armas is a CPA and holds an MBA and a BBA in accounting.
"John brings a wealth of necessary expertise to KBF at a critical time in our evolution," said Kevin E. Kreisler, KBF's president. "His experience in implementing a roll-up strategy for a company in a related industry is particularly relevant given our intention to acquire a series of compatible companies after the completion of the pending KBF-Veridium merger. We are very excited by his addition to our management team."
Mr. Armas will also head the Company's integration unit, which is responsible for the rapid integration of the Company's various planned acquisitions, including its pending acquisition of the Environmental Services Division of R.M. Jones & Co., Inc. which is scheduled to close later this month.
Mr. Armas said: "Veridium has an incomparable competitive advantage in its market. Hazardous industrial wastes are potent resources; they contain valuable metals in concentrations many times greater than virgin ore extracted from the earth. The majority of these materials generated domestically last year were either landfilled or incinerated for the want of a cost-effective recycling outlet - burying or burning waste has always been cheaper and easier. Veridium's proprietary technologies recycle and mine these industrial ores and eliminate hazardous waste generators' long-term liability at the same cost to the generator as landfill or incineration."
"Our green technologies are expected to demonstrate results markedly different than those of our competitors. I am extremely excited to be a part of this process and to have the opportunity to contribute to the Company's growth," added Armas.
Additionally, the Company rescheduled its planned conference call to discuss KBF's results for the year, ended December 31, 2002, to 10:00 a.m. EST on Tuesday, April 15, 2003. The dial-in number for domestic listeners is 800-263-0877 and 719-457-2602 for international listeners. Please provide pass code 314067 for access. The call will be simultaneously broadcast live over the Internet at www.vcall.com. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.
The online archive of the broadcast will be available within one hour of the live call on KBF's website at www.kbf-pmi.com. If you have any questions, please contact Joseph Schmidt at 800-366-1426 or via email at investorrelations@kbf-pmi.com.
About KBF Pollution Management, Inc.
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary green technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
About Veridium Corporation
Currently a wholly-owned subsidiary of KBF, Veridium will, upon completion of its pending merger with KBF, position itself as a premier environmental services provider that focuses on the use of state-of-the-art green technologies to recycle and mine commodities from industrial hazardous wastes. The terms of the KBF-Veridium merger are expected to be resolved at KBF's next annual shareholder meeting, which will be held later this quarter. The Company filed its application for listing on the American Stock Exchange earlier this year and will seek to secure approval for the listing conditioned on the completion of the KBF-Veridium merger. Additional information on Veridium and its business model is available online at www.veridium.com.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. In addition, although the Company has submitted a listing application for its common stock with the American Stock Exchange, it does not satisfy all of the listing criteria of the exchange and it may be seeking a partial waiver of at least one of the listing criteria. No assurance can be given that the Company's common stock will be listed on the American Stock Exchange or if so listed, that any trading market will develop. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
+1-800-366-1426, fax, +1-973-942-7527, or investorrelations@kbf-pmi.com; or
Media, Stephanie Stern, President of Stern & Co., +1-212-888-0044, for KBF
Pollution Management, Inc.
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
http://www.veridium.com/mission.php
MISSION
Green Technology
Veridium is a new class of participant in a market that few are aware of, but that spans nearly every sector of the economy: the hazardous waste management industry. Service providers in this industry are paid to manage the toxic by-products generated by the vast array of manufacturing processes that are critical to the foundation of the modern economy - from specialty chemicals to ceramics, aerospace to pharmaceuticals, telecommunications to electronics, automotive to food products, munitions to metal finishing, petroleum refining to plastics - the list goes on, and it reaches into all but every sector of the modern industrial economy.
Founded on the premise that environmentally superior results can be cost effective, Veridium is setting a new standard for environmental service with its focus on the use of state-of-the-art green technologies to recycle, reuse and mine commodities from industrial hazardous wastes. With years of experience recycling, reusing and mining many millions of gallons and many thousands of tons of industrial hazardous wastes and other by-products, Veridium's proprietary technologies allow it to offer a much broader array of competitively priced industrial hazardous waste recycling services than any other recycling service provider currently in existence.
Veridium's mission is to minimize and eliminate the need for disposal and reduce the burden on our natural resources by recycling and mining all reusable resources from industrial hazardous waste.
© 2003 Veridium Corporation
All Rights Reserved. Legal Notices
It appears KBF will have a new website soon:
http://www.veridium.com
Good for you. I've watched it for 2 years now, but never bought any. My cash and the dips never matched, lol.
Timhyma,
Dunno, we'll have to wait and see. I'm in it to hold for a while, I think KBFP has great long term potential.
Joby, Any idea how this effect the stock? I would imagine a large R/S, no?
KBF Pollution Management to Merge with Veridium Corporation-ConsolidatedCompany Files for Listing on the American Stock Exchange
PATERSON, N.J., Apr 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF"), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, today announced its plans to merge with Veridium Corporation ("Veridium") and to list the consolidated company on the American Stock Exchange.
The merger with Veridium, which is a wholly-owned subsidiary of KBF, and the AMEX listing are among the final steps of KBF's corporate restructuring plan, the principal goal of which is to optimally position the Company for the accelerated execution of its business model. The Company's recent acquisition of Vulcan Waste Systems, Inc. and pending acquisition of the Environmental Services Division of R.M. Jones & Co., Inc. are additional components of this plan.
Upon completion of the R.M Jones acquisition, KBF will be consolidated with R.M. Jones and Vulcan into Veridium. The consolidated company will then develop its markets as a premier environmental services provider that focuses on the use of state-of-the-art green technologies to recycle and mine commodities, or Veridium, from industrial hazardous wastes. Veridium will be the consolidated company's core brand. Its etymology follows from the Latin for green, or viridis, and the use of a suffix ("-ium") commonly reserved for use in the description of elements and metals. Literally translated, Veridium is Green Metal.
"Simultaneously positioned to our consumer and public markets, the Veridium brand is intended to engender widespread consumer awareness of Veridium's environmentally-superior service capabilities and to arouse the focus of the public markets on the earnings potential of green technologies. We have worked a long time to bring these events to fruition and we are very excited by the prospects of unleashing the Veridium brand into our markets," said Kevin Kreisler, KBF's president and Veridium's president and chief executive officer.
The terms of the Veridium merger are expected to be resolved at the Company's next annual shareholder meeting which will be held later this quarter. The Company filed its application for listing on the American Stock Exchange earlier this year and will seek to secure approval for the listing conditioned on the completion of the Veridium merger.
Kreisler added: "We expect the Veridium merger and proposed AMEX listing to have compelling positive implications on the state of our shareholder wealth. The completion of these events will give us the very real ability to scale significantly beyond our current operations in a sustainably profitable manner and is expected to substantially strengthen the currency of the consolidated company."
About KBF Pollution Management, Inc.
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary green technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, any implications with respect to shareholder wealth, or the Company's ability to scale its operations, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. In addition, although the Company has submitted a listing application for its common stock with the American Stock Exchange, it does not satisfy all of the listing criteria of the exchange and it may be seeking a partial waiver of at least one of the listing criteria. No assurance can be given that the Company's common stock will be listed on the American Stock Exchange or if so listed, that any trading market will develop. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
1-800-366-1426, or fax, +1-973-942-7527, or investorrelations@kbf-pmi.com; or
Media - Stephanie Stern, President of Stern & Co. Communications,
+1-212-888-0044, for KBF Pollution Management, Inc.
(KBFP)
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
A story from www.theaxcess.net:
http://www.theaxcess.net/money_03_0403.html
KBF Pollution Management Acquires Vulcan Waste Systems-Executes Purchaseand Sale Agreement for Acquisition of the Environmental Services Division ofR.M. Jones &. Co., Inc.
PATERSON, N.J., Apr 3, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF"), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, today announced the acquisition of Vulcan Waste Systems, Inc. ("Vulcan"), a manufacturer of industrial and hazardous waste processing equipment, and the execution of a purchase and sale agreement for the acquisition of the Environmental Services Division of R.M. Jones & Co., Inc. ("R.M. Jones").
The Vulcan acquisition brings substantial assets to KBF, including two brand-new state-of-the-art hazardous waste incineration facilities built at a total cost of over $22 million. Each plant is expected to have an annual processing capability of more than three times that of KBF's existing hazardous waste recycling facility, based in Paterson, New Jersey. The new plants can be mobilized to service large contaminated properties on-site or be geared for the centralized processing of large quantities of hazardous wastes. Each plant can also be used to apply KBF's proprietary recycling technologies, which can recycle and mine selected inorganic hazardous wastes on-site at contaminated properties. These new plants are expected to be brought online as appropriate sites are located and permitting is completed.
Under the terms of KBF's agreement with Vulcan, the Vulcan acquisition is based on a formula tied to KBF's completion of its acquisition of the environmental services division of R.M. Jones and the liquidation value of the Vulcan assets, which is $7.16 million. This formula corresponds to a price per share of $0.265 of KBF common stock at 15% of KBF's issued and outstanding common stock on a fully diluted basis for 100% of Vulcan.
KBF further announced the execution by its subsidiary of a purchase and sale agreement for the acquisition of the Environmental Services Division of R.M. Jones and expects to close on this acquisition later this month.
Kevin Kreisler, KBF's president said "The consolidation of KBF, Vulcan and Jones will instantly catalyze our business model, and restructure and transform KBF into a leading environmental service provider with a broad array of unique offerings and a substantially strengthened balance sheet. We expect the consolidated organization to increase penetration in the regional markets through organic development and to expand into new contiguous markets through the acquisition of qualified regional hazardous waste service companies. We are very excited by these and other ongoing significant initiatives and their anticipated impact on our business model," added Kreisler.
About R.M. Jones & Co., Inc.
R.M. Jones was founded in 1962, and has been providing hazardous waste management services to clients throughout New England since 1980. R.M Jones has a large customer base, representing over 5,000 different industrial wastes, and a permitted distribution facility in Massachusetts. Jones has a seasoned management and sales team that is experienced in the requirements of hazardous waste service provision, and has developed a strong reputation for its provision of exceptional services. Its Massachusetts facility was the only facility in New England to receive the Environmental Information Ltd. award for perfect regulatory compliance in 1999, 2000 and 2001, and is expected to receive this award again for 2002.
About Vulcan Waste Systems, Inc.
Vulcan Waste Systems, Inc., was a former division of Kerns Manufacturing, Inc., a leading international producer of aerospace components. Vulcan currently generates no revenue from operations, but specialized in the engineering, manufacturing and distribution of specialized and proprietary hazardous waste processing equipment and has sold over 1,100 complete operating lines world-wide prior to being sold to KBF.
About KBF Pollution Management, Inc.
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores extracted from the ground. Use of KBF's technologies eliminates the federally mandated "cradle-to-grave" liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
1-800-366-1426, or fax, +1-973-942-7527, or investorrelations@kbf-pmi.com; or
Media - Stephanie Stern, President of Stern & Co. Communications,
+1-212-888-0044
(KBFP)
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
KBF to Host Conference Call to Discuss Fiscal Year Ended December 31,2002
PATERSON, N.J., Mar 26, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF"), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, will announce results for the fiscal year ended December 31, 2002 on Monday, April 14, 2003. KBF will also at that time provide a detailed report with respect to the conclusion of ongoing initiatives. In conjunction with the earnings release, KBF will host a conference call with KBF's president, Kevin Kreisler.
The conference call will be held at 10:00 a.m. EST on Monday, April 14, 2003, and will be simultaneously broadcast live over the Internet at www.vcall.com. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast. The online archive of the broadcast will be available within one hour of the live call on KBF's website at www.kbf-pmi.com.
If you have any questions, please contact Joseph Schmidt at 800-366-1426 or via email at investorrelations@kbf-pmi.com.
About KBF Pollution Management, Inc.
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
1-800-366-1426, fax, +1-973-942-7527, or investorrelations@kbf-pmi.com; or
Media - Stephanie Stern, President of Stern & Co. Communications,
+1-212-888-0044, for KBF Pollution Management, Inc.
/Web Site: http://www.kbf-pmi.com
(KBFP)
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
KBF Retains Dr. Richard Krablin As Chief Compliance Officer
PATERSON, N.J., Mar 18, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF"), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, today announced the appointment of Dr. Richard Krablin to KBF's chief compliance post. Dr. Krablin will direct environmental affairs at KBF's various existing and future locations, including its recycling and commodity manufacturing facility, with an emphasis on overall environmental performance, continuous improvement and oversight of compliance with all applicable state and federal regulations.
Most recently in his career, Dr. Krablin served as Senior Vice President of Environment, Health and Safety for Horsehead Industries, Inc., the leading zinc recycler in the country where he assured occupational and environmental compliance and excellence in performance at seven domestic zinc recycling and production facilities.
"Dr. Krablin, an industry veteran seasoned by his tenure with the nation's leading zinc recycler, brings critically relevant experience to KBF at a time when we are just beginning to scale our proprietary recycling technologies into the regional and national markets," said Kevin Kreisler, KBF's president. "Innovative and dynamic management of the many connections between technology, operations and compliance is crucial to the recycling of hazardous wastes. Dr. Krablin at once commands a ready grasp of our unique recycling technologies, a thorough understanding of our operational requirements and an extensive knowledge of the applicable regulations. We are very excited by his addition to our management team."
Dr. Krablin added: "Our environment is very much a part of our economy. The prevailing sentiment, however, both within the hazardous waste management industry and without, is otherwise. The established view that environmental benefits are at odds with progress - and profit - has driven the creation of a staggering amount of inefficiency. From the promulgation of regulations implicitly designed not to prevent harm, but rather to mitigate its effects, to design practices premised on resource consumption instead of resource conservation, to waste management practices based not on reuse but on disposal, these inefficiencies are responsible for the entrenchment of significant barriers to entry to emerging markets based on the efficient and sustainable allocation of societal resources. With its technologies and process capabilities, KBF has overcome these barriers and established that the prevailing sentiment is wrong; that the key to the sustainable prevention of environmental harm is profitability."
"Green technologies such as KBF's are the wave of the future. I very much look forward to helping KBF bring its technologies to market and to fulfill its mission to deliver its clients safe, compliant and superior environmental results," added Krablin.
Prior to joining Horsehead, Dr. Krablin had a multi-tasked career with Atlantic Richfield Company (ARCO) where he directed the worldwide environmental affairs of the mining and mineral processing subsidiary and managed the legacies and Superfund sites of the former Anaconda Co. Dr. Krablin started his industry career with The Anaconda Co. in Montana. Dr. Krablin has a PhD and MS in physics from Drexel University in Philadelphia and a BS in physics from Lafayette College, and is a graduate of the Stanford Executive Program for business leaders.
About KBF Pollution Management, Inc.
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
1-800-366-1426, Fax, +1-973-942-7527, investorrelations@kbf-pmi.com; Media,
Stephanie Stern, President of Stern & Co. Communications, +1-212-888-0044, for
KBF Pollution Management
(KBFP)
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
KBF Pollution Management Retains Stern & Co. As Investor and MediaRelations Counsel
PATERSON, N.J., Mar 10, 2003 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF"), a premier waste recovery company that recycles and mines metallic commodities from industrial wastes, today announced that it has retained New York based Stern & Co., to provide an integrated investor and media relations program. Stern & Co., founded in 1993, is a leading New York based full-service communications firm that designs and implements investor relations and media communications campaigns for publicly traded companies, private companies, and financial institutions. The firm's West Coast office is located in Los Angeles.
Kevin Kreisler, president of KBF said, "We are excited to be working with Stern & Co. to develop and implement an aggressive campaign to alert the public and investors to our strategy aimed at leveraging our proprietary technologies to realize our growth potential. Stern & Co. is a communications firm that has a long successful history of providing much-needed investor and media relations support to publicly-traded companies such as ours."
"We expect to create an aggressive communications program that fully conveys KBF's compelling story at a time when KBF is catalyzing a unique business model based on its proprietary waste recycling technologies," said Stephanie Stern, president of Stern & Co. "We look forward to communicating this exciting story and to providing KBF with the recognition and publicity it deserves, particularly as several major components of its immediate term plans are realized."
KBF further announced that it will provide a detailed report with respect to its ongoing growth, its expansion projects and other developments next month at the time of its release of its 2002 results of operations.
About KBF Pollution Management, Inc.
KBF is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin ore material extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
+1-800-366-1426, or fax, +1-973-942-7527, or investorrelations@kbf-pmi.com; or
Media, Stephanie Stern, President of Stern & Co. Communications,
+1-212-888-0044
(KBFP)
http://www.prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
Very interesting article:
http://www.businessweek.com/bwdaily/dnflash/jan2003/nf20030117_3740.htm
KBFP interview from theaxcess.net:
KBF Pollution Management's Interview
Axcess Business News noted that KBF pollution Management (KBFP) has shown impressive growth several years in a row. That growth had exceeded even the company's estimates, which to date have been more than accurate in its own forecast disclosed in their prior earnings announcements.
According to Market Guide, the 5-yr earnings per share growth estimates for this hazardous wastewater recycling company's industry group is 25.93% per year.
The Company had announced a 25% increase in revenue for the year 2001 and immediately following that announcement on May 23, KBFP released news showing another 35% increase in revenue for that quarter. That growth exceeded their industry group's average by 30% for that period and matched the Groups estimates for the prior year.
Axcess Business News asked Mr. Kevin Kreisler about those impressive results and what he attributed that success to. "Our performance can only be attributed to better than expected demand for our services. While many of our customers have decreased the levels of hazardous waste due to general economic conditions, we increased our customer base substantially due to ongoing sales efforts," said KBFP President, Kevin Kreisler.
Mr. Kreisler then stated that, "fundamentally, these increases were made possible by our investment in our hazardous waste facilities. Our core competency is the large scale recycling and mining of a broad array of hazardous wastes with our technologies. We have carefully managed our infrastructure development to match our growth in sales. Many of the customers we've added are Fortune 500 companies that expect to increase their volume over time as the economy improves."
Axcess Business News saw that shortly before those earnings announcements, KBFP had announced the completion of a $500,000 financing for equipment and plant expansion. We asked Mr. Kreisler how those improvements added to KBFP's increase in revenue.
"The new equipment increased cost-efficiency and enhanced our waste processing capabilities, enabling us to do more at a lower cost structure," said Mr. Kreisler.
KBFP's most recent announcement on Nov 14th seems to support the Company's estimates given in those prior earnings announcements. Axcess Business News noticed too, that KBFP is finally in the black. Hitting your targeted growth two years in a row says a lot for your Company's management team. But now that you are profitable, is it still in the Company's plans to buy back shares in the foreseeable future as you had indicated in your Aug 8th news release?
"Absolutely! As revenues continue to improve with our realization of targeted revenue and profitability benchmarks the Company plans to invest in our shareholder wealth in increasing degrees," said Kreisler.
One last question, you had announced a letter of intent to acquire R. M. Jones & Co on Dec 19, 2001 and its now been a year since you entered into that agreement. Since then, you've met or exceeded your revenue estimates, expanded your customer base and financed the upgrade of you plant. It appears that you're going ahead with your plans. Were all these improvements part of your plans to acquire R M Jones in meeting that agreement's terms and conditions?
"Our overall improvements have been tactical, yes. These components are part of our overall strategic plan to bring our technologies to market in a very meaningful way. We have discovered an economically attractive and scalable means to drive environmental impact," said Kreisler.
"You had commented on our management team earlier, everyone at KBF is part of our team and they have all worked collectively to improve our results and yes, the plant's improvements certainly do support our ongoing growth, but the strides are just the beginning of what we are in the process of achieving," said Kreisler.
"As for the R M Jones acquisition, we had released definitive terms and conditions of that agreement in our press release on Dec 19, 2001. Do these improvements help toward completing that transaction? You be the judge of that. KBF Pollution Management will disclose any information about Jones' acquisition when appropriate," said Kevin Kreisler, President, KBF Pollution Management, Inc (OTCBB: KBFP) in his closing statement.
Axcess Business News believes KBFP has more going for it than Mr. Kreisler disclosed. We noticed that the Company had given estimates of future revenue and earnings in its September 26, 2002 Letter to the Shareholders, where Mr. Kreisler had stated that, "After the consolidation, our company will grow organically within the Northeastern and New England regions, generating a projected $3 million in EBITDA on over $19 million in sales in the first year after the acquisition. Assuming our existing facility achieves 30% of its capacity three years after the acquisition, revenue and earnings growth are expected at rates of more than 20% and 40%, respectively, per year for at least the three years subsequent to the acquisition (in the absence of additional acquisitions)."
IF KBFP is still saying they're going through with the R M Jones acquisition on Sept 26, chances are the acquisition is in the slate of near-term events for this hazardous waste recycling company and if history repeats itself as it often does, Mr. Kreisler's estimates of $19 million in cumulative sales he described in that shareholders letter are much lower than can be expected.
Axcess Business News does not believe their estimates to be accurate. We believe its more like $25 million and EBIDA nearer $5 million than $3 million. It's no wonder KBFP intends on buying back shares off the market.
The Company's got an impressive record for doing what they set out to do and we wouldn't be surprised if Mr. Kreisler has his eye on other acquisition targets besides R M Jones. "In the absence of additional acquisitions," it says in that Sept 26 letter to the shareholders. Kreisler's Crew seems to be very strategic planners and when they move its very well thought out and methodically executed.
Axcess Business News continues to believe, as Mr. Kreisler, that KBF Pollution Management's shares are undervalued as we had indicated in our article on "green or mean returns".
More on KBFP:
If you are interested in learning more about KBFP, you will find a free Investor Kit link on the top of every page throughout their profile. Investor Kit links are provided as a courtesy to our readers, your information will only be given to that Company. We will forward your request, or you can contact them directly through their web site by clicking on the KBF logo at the top of this page. You can also access the announcements mentioned in this interview, a business description and disclosure information obtained from the otcbb.com web site. Each of these pages have quote boxes to look up the stock and the Investor Kit links.
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Always ALWAYS do your DD...
http://www.icongrouponline.com/PR/KBF_Pollution_Management,_Inc_US/PR.html
Have fun and be smart!
Always ALWAYS do your DD...
http://www.theaxcess.net/stocks.html#best
KBF Pollution Mngt.: KBFP (up 60% since covered)
OTCBB (This recycling company recently announced record earnings on 50% increase in revenue. Coverage initiated the week of Nov 17 and had been featured in an article, "green or mean returns - investing in the environment" on Nov 20. Shares closed up on Nov 22 at $.06 on steadily rising volume for the week. Shared continued climbing, closing on DEC 2 at $0.085. Axcess Position - Very Positive)
Have fun and be smart!
Always ALWAYS do your DD...
KBFP in the following article:
Green or Mean Returns -
Investing In The Environment
By Freddie Mooche - Axcess Business News
http://www.theaxcess.net/money_04_112002.html
Have fun and be smart!
Always ALWAYS do your DD...
KBFP mentioned again in another alert from theaxcess.net:
Best Picks:
Hunno Technologies (OTCBB: HUNN), which was profiled In The Spotlight column recently, had fell $0.26 to close at $0.80 Nov 15th but had recovered to close Nov 25 at $0.95 putting it back in the black. MicroIslet (OTCBB: MIIS) continued to hold its gain since being added, closing at $3.00 after trading flat for the week. JC Penny (NYSE: JCP) closed down slightly at $22.69 Nov 15 but was still up 13% at that price since being added. JCP continued its slow climb during the week to close up at $23.18 Nov 25. Pet Smart (NM: PETM) was flat for the week, closing Nov 25 at $18.39 as investors wait for latest earnings announcement. Last week's two newest picks gave investors reasons to smile. KBF Pollution Mgmt (OTCBB: KBFP) was up 20% on Friday, giving back some of its gains today to close at $0.055, still up 10%. Greenman Technologies, Inc (AMEX:GRN) closed Nov 25 at $2.10 up 12%. Both GRN and KBFP were featured in our latest Top Story. Watch for more news on these two recycling companies.
Have fun and be smart!
Always ALWAYS do your DD...
market news
--------------------------------------------------------------------------------
KBFP (OTCBB) KBF POLLUTION MANAGEMENT INC
--------------------------------------------------------------------------------
VOLUME(+): KBFP Volume 63% > 20-adsv, Stock +6.09%
FRIDAY , NOVEMBER 22, 2002 12:01 PM
This is the 2nd VOLUME alert for KBFP in the past 7 calendar days.
Trading for KBF Pollution Management Inc (OTCBB: KBFP) has been heavier than usual in today's session. By 12:00 ET, the stock had already traded 360,000 shares via 20 trades. The cumulative volume is 63.43% above than its 20-day average of 220,275. Normally the stock experiences around 14 individual trades per session.
So far, today's volume surge has caused a net rise in KBFP's stock price. At the time of this alert, the stock was trading at $0.061, up $0.003 (+6.09%).
One year ago, the Company's shares closed at $0.080. The price has declined more than 23 percent since then.
Over the last 10 trading session KBFP has traded in a range between $0.047 and $0.080 and is currently trading 74.58% below its 52-week high of $0.240 set on December 19, 2001 and 79.41% above its 52-week low of $0.034 from August 20, 2002.
In the previous 3 sessions, KBFP trading has displayed a mixed trend. Closing results have been as follows:
November 21, 2002 --- closed at $0.058 up $0.003 (+4.55%) on 506,500 shares
November 20, 2002 --- closed at $0.055 down $0.005 (-8.33%) on 452,300 shares
November 19, 2002 --- closed at $0.060 down $0.005 (-7.69%) on 224,700 shares
The Company last released news on November 14, 2002:
"KBF Reports Record Earnings on 50% Increase in Revenue"
KBF POLLUTION MANAGEMENT INC
KBF Pollution Management, Inc. is engaged in the environmental services business. The Company specializs as a wastewater recycling service provider, recycling liquid hazardous and non-hazardous metal bearing wastes.
Have fun and be smart!
Always ALWAYS do your DD...
KBFP mentioned favorably in this article:
http://www.theaxcess.net/money_04_112002.html
Have fun and be smart!
Always ALWAYS do your DD...
market news
--------------------------------------------------------------------------------
KBFP (OTCBB) KBF POLLUTION MANAGEMENT INC
--------------------------------------------------------------------------------
VOLUME(+): KBFP Volume 63% > 20-adsv, Stock +30.00%
FRIDAY , NOVEMBER 15, 2002 01:36 PM
This is the 1st VOLUME alert for KBFP in the past 7 calendar days.
Trading for KBF Pollution Management Inc (OTCBB: KBFP) has been heavier than usual in today's session. By 13:35 ET, the stock had already traded 274,500 shares via 32 trades. The cumulative volume is 63.45% above than its 20-day average of 167,940. Normally the stock experiences around 11 individual trades per session.
So far, today's volume surge has caused a net rise in KBFP's stock price. At the time of this alert, the stock was trading at $0.065, up $0.015 (+30.00%).
One year ago, the Company's shares closed at $0.100. The price has declined more than 35 percent since then.
Over the last 10 trading session KBFP has traded in a range between $0.047 and $0.060 and is currently trading 72.92% below its 52-week high of $0.240 set on December 19, 2001 and 91.18% above its 52-week low of $0.034 from August 20, 2002.
In the previous 3 sessions, KBFP trading has displayed a mixed trend. Closing results have been as follows:
November 14, 2002 --- closed at $0.050 up $0.001 (+2.04%) on 753,500 shares
November 13, 2002 --- closed at $0.049 down $0.001 (-2.00%) on 159,000 shares
November 12, 2002 --- closed at $0.050 down $0.002 (-3.85%) on 190,100 shares
The Company last released news on November 14, 2002 (yesterday):
"KBF Reports Record Earnings on 50% Increase in Revenue"
KBF POLLUTION MANAGEMENT INC
KBF Pollution Management, Inc. is engaged in the environmental services business. The Company specializs as a wastewater recycling service provider, recycling liquid hazardous and non-hazardous metal bearing wastes.
Have fun and be smart!
Always ALWAYS do your DD...
KBF Reports Record Earnings on 50% Increase in Revenue
PATERSON, N.J., Nov 14, 2002 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF") today reported a net income of $128,585 on a 50% increase in revenue for the three months ended September 30, 2002 , with recycling service revenues of $1,281,453 as compared to $853,240 for the same period in 2001. This increase is primarily due to increased market penetration resulting in an increased customer base and increased volume of hazardous waste recycled in KBF's state of the art recycling and commodity manufacturing facility during the third quarter of 2002. KBF's earnings before interest, taxes, depreciation and amortization (EBITDA) for three months ended September 30, 2002 were $273,508, up from $109,700 for the same period last year.
KBF's record third quarter earnings and recycling volume demonstrate the continued stability and strength of KBF's ongoing growth trend. Underscoring the significance of these results, Kevin Kreisler, KBF's president, said that "We are pleased with the recent strides we have made scaling our business and we are confident that we will see continued growth and significant demand in our core markets as our sales initiatives continue to generate exciting results. We expect our growth trend to continue with the generation of similar increases in the fourth quarter 2002 as compared to the fourth quarter 2001."
KBF's 10-QSB for the nine months ended September 30, 2002 additionally disclosed that total revenues for the period increased 28.7% to $3,034,423 from $2,357,322 for the same period last year. KBF's earnings before interest, taxes, depreciation and amortization for nine months ended September 30, 2002, as adjusted for the elimination of certain material non-recurring expenses, were $(101,040), down from $365,614 for the same period last year. This decrease is attributable to the increased costs described below as well as the generation of historically low volumes of hazardous waste industry-wide during the first half of the year and Management's retention of sufficient staffing and operational capacity during this time to manage KBF's continued projected long-term increases in volume. The increase in volume occurred in the face of significant organic attrition as most of KBF's customers produced and shipped lower volumes of hazardous waste due to general economic conditions. While KBF continues to increase its customer base to combat this attrition, certain of KBF's existing customers are increasing their production which Management expects will result in an increasing growth rate of recycling service sales into future periods. KBF's cost of operations for the nine months ended September 30, 2002 decreased marginally to 76.9% of revenues from 77.1% of revenues for the same period in 2001. General and administrative costs increased by 120% to $1,004,285 for the nine months ended September 30, 2002 from $457,071 for the comparable period in 2001. Selling expenses increased by 29% to $160,706 for the nine months ended September 30, 2002 from $125,053 from the same period in 2001. KBF's 10-Q for the nine months ended September 30, 2002, is available online at http://www.kbf-pmi.com and includes updates on ongoing significant developments.
About KBF Pollution Management, Inc.
KBF is a growth-stage company that is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's Selective Separation Technology(TM) ("SST(TM)") (U.S. Pat. Nos.: 5,753,125; 5,908,559; 6,254,782) and other patent-pending and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of SST(TM) and its related processes enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin ore material extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
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SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
1-800-366-1426, Fax, +1-973-942-7527, or investorrelations@kbf-pmi.com
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
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OPEN TO ALL SHAREHOLDERS
SEPTEMBER 26, 2002
Dear Shareholders:
I am pleased to report that KBF has made significant strides during the past year to meet our business objectives. While many of our customers across several sectors of the economy are generating and shipping decreased volumes of hazardous waste due to general economic conditions, we have increased our customer base substantially due to our ongoing sales initiatives. As a result, recycling service revenues for the nine months ended September 30, 2002 are up some 25% as compared to those from the same period last year. We continue to invest aggressively in the continued development of our facility, and we have recently begun performance testing on critical new recycling and mining processes that have the effect of increasing the value and decreasing the cost associated with our products. We have hired several management level employees that are experienced in the various aspects of our business, and we have located and are expected to hire (in the near term) a number of new senior executives that have the experience and the seasoning necessary to scale our business model at a sustainable pace. We have also made significant progress in the development of some plans that we have all been waiting to see completed. The net result of our efforts this year may be more significant than ever before. Let me take you through some of these developments and put into perspective why now may be the most exciting time for our company.
I. Recycling Service Sales.
Our core recycling and mining business has generated increased revenues year over year, from about $2.0MM in 1999, to $2.5MM in 2000, to $3.1MM in 2001 to an estimated $3.7MM for this year. These increases in volume are occurring in the face of significant organic attrition – that is, the majority of our customers in the manufacturing sectors are producing and shipping lower volumes of hazardous waste. While we continue to increase our customer base to combat this attrition, we are starting to see signs that our existing customers are increasing their production, thus paving the way for an increasing growth rate of recycling service sales. Our joint venture and direct sales efforts have also resulted in our development of a broad consumer base, with clients ranging in size from the very small to the very large, including many different Fortune 500 companies, including premier companies in the specialty chemicals, ceramics, aerospace, pharmaceuticals, telecommunications, electronics, automotive, food products, munitions, metal finishing, petroleum refining and plastics sectors.
Last year, domestic manufacturers paid in excess of six billion dollars to hazardous waste service companies to pick-up and transport more than sixty million tons of hazardous wastes to some form of off-site disposal or incineration process. Very little of the total sector revenues however were realized on the bottom lines of established market participants due to an almost frenzied competitive dynamic typified today by the industry’s too-common primary tactic: the reduction of price to gain share. While the industry as a whole is trending slowly towards rationalization and consolidation, there is little service and price cohesion from region to region, and poor management and financial performance plague the industry’s largest players. Safety-Kleen (OTCBB: SKLNQ), Clean Harbors (NASDAQ: CLHB), Philip Services (NASDAQ: PSCD) and Perma-Fix (NASDAQ: PESI) collectively control some forty percent of the domestic market, but have demonstrated a negative composite net income for the past four years.
In contrast to these companies, we control a distinct and incomparable competitive advantage in the hazardous waste management industry. Hazardous industrial wastes contain valuable commodities – metals like chrome, copper, nickel, silver and titanium, in concentrations many times greater than virgin ore extracted from
the earth, as well as partially consumed chemical compounds that retain reuse potential. KBF’s technologies mine these industrial ores for their metal value in part by reusing the constituent chemical compounds. Our technologies cost-effectively recycle, reuse and mine hazardous industrial wastes – profitably at the currently depressed price point of disposal, and are the only cost-effective and environmentally beneficial alternative to land disposal and incineration today.
As many of you know, we provide the service of recycling hazardous wastes (for which we charge a tipping fee) from which we mine metallic commodities (which we then sell) by reusing the partially spent chemical compounds within the hazardous wastes (which partially defray our variable costs). Leveraged with volume, our technologies are capable of remarkable degrees of efficiency, the scalability of which is critical to and the core driver of our business model. In a standard volume-centric manufacturing model, the variable costs of an operation are positively correlated with increases in production at all stages of the growth cycle (from start-up to maturity). By contrast, the variable costs of a facility engineered for the large-scale application of our technologies are negatively correlated with increases in production after a critical mass of volume is attained due to the facility’s service, product and reuse potential.
Driven by this effect, the prime component of our business model is to leverage our economies of scale by maximizing the distribution of qualified hazardous wastes into centralized recycling, reuse and mining facilities located in key demographic regions, the first of which being our Paterson, New Jersey facility. To achieve this and effectively scale our business model, we will develop our home demographic organically and evolve into new contiguous markets in the hub-and-spoke fashion shown here by acquiring regional hazardous waste management companies with (a) permitted regional distribution infrastructure, (b) sales and service support personnel, (c) senior-level and regional talent, (d) existing volumes of recyclables, (e) accretive earnings, and (f) the means to establish a beachhead for the KBF brand in demographics that are targeted for the development of new recycling facilities.
II. Acquisition of Jones Environmental Services.
We have just recently secured approvals for the financing necessary to acquire the first of several qualified acquisition targets: Jones Environmental Services, a profitable New England based hazardous waste management company. This acquisition will instantly catalyze our business model and transform KBF into a powerful regional service provider with service offerings dramatically unlike any competitor and one of the strongest balance sheets in the region. After the consolidation, our company will grow organically within the Northeastern and New England regions, generating a projected $3 million in EBITDA on over $19 million in sales in the first year after the acquisition. Assuming our existing facility achieves 30% of its capacity three years after the acquisition, revenue and earnings growth are expected at rates of more than 20% and 40%, respectively, per year for at least the three years subsequent to the acquisition (in the absence of additional acquisitions).
We are funding this acquisition mostly with conventional debt and a limited use of equity. While general market conditions have made the financing process difficult and lengthy, we recently secured the financing required to complete the transaction and we now expect to execute the acquisition agreement in the fourth quarter 2002. More information on this acquisition will be made available as appropriate.
III. Management Team.
After completing this acquisition, we plan to immediately hire two senior executives we have located that we believe will bring significant added value to our company. Both have impressive backgrounds, valuable related company experience and are seasoned in the tactical requirements of executing growth. These hires, in addition to the hires recently made at our facility and the exceptionally qualified management coming with Jones will play an essential role in the development of our business model moving forward.
IV. Initiation of Operations of New Recycling Processes.
Equally critical to our immediate term development is the completion our Paterson, New Jersey facility and the onset of operations of two new proprietary recycling and mining processes that are expected to greatly enhance both the value and the yield of the metallic commodities we recycle and mine. At our current levels of production, our yield of metallic commodities is about 15,000 tons per year. These commodities are an opportunity for internally generated accretive revenue and earnings growth. This growth will drive a crucial aspect of our business model – the vertical integration of refining and production capability. Upgrading, refining and manufacturing our ores into higher grade commodities can greatly increase the value we derive from our products.
Historically, about 90% of KBF’s annual recycling revenues comes from the tipping fees associated with KBF’s recycling services, while only 10% are derived from KBF’s sale of the recycled metal products. The first of KBF’s new processes to commence operations is a process that beneficiates (upgrades) our products and is expected to shift this service to product ratio from 90:10 to 75:25 on increased revenue – this process has been engineered to simultaneously increase the value of our existing metal products and decrease the costs associated with recycling and mining those products and will therefore increase the current revenue and profitability of KBF’s overall operation. As applied to our estimated 2002 sales of $3.7MM, and assuming no new volume and the operation of this new process for the whole year, the upgrading of our products would have resulted in an additional 20% increase in recycling revenue (to about $4.4MM) and a 10% decrease in the cost of sales. The process increases revenue on increased margin.
This process will also increase our ability to mine commodities from a wider array of industrial hazardous wastes and is itself projected to generate in excess of $5,000,000 in new annualized service and product revenue as the process is brought up to full production over the next twenty-four months. The beneficiation process, which began performance testing in August 2002, is the result of almost three years worth of engineering and development and has taken in excess of $2,000,000 dollars to complete.
The output of this beneficiation process will be highly concentrated metallic powders that are readily amenable to refining – the second of KBF’s new processes. The refining of selected products is expected to further shift the service to product ratio discussed above from 75:25 to 60:40, again on increased revenue and decreased cost, for selected products containing platinum group metals and certain other precious and base metals. In December 2001, KBF announced its execution of a long-term recycling contract with a distributor of industrial by-products under which KBF would construct a new process to refine high concentrations of silver from certain industrial by-products. While the distributor subsequently ceased operations, we hired former distributors of the relevant by-products and engineered and acquired the necessary equipment to refine silver as well as other precious, platinum group and base metals from industrial by-products.
As is the case with the beneficiation process, this process too will increase our ability to mine commodities from a wider array of industrial hazardous wastes and, while the revenues realized from this refining process will be partially dependent upon commodity price fluctuations, this process is projected to generate in excess of $3,000,000 in new annualized service and product revenue as the process is brought up to full production over the next twenty-four months. This process will be brought online with an immediate stream of new accretive revenue in the early fourth quarter of this year.
Our focus over the past four years has been the development of the resources we need to grow our company at an accelerated sustainable rate. Management, sales and service personnel, distribution and process infrastructure and technology – these are the essential resources we need to fulfill our ambition to build a premier environmental services company that specializes in the use of state of the art technologies to recycle, reuse and mine hazardous waste.
I am excited by our progress so far this year and, while our various growth initiatives are taking longer to develop than we have outlined in the past, I expect the near term catalysis of our business model through a combination of the items discussed above and several more developments that will be disclosed at the appropriate time.
Thank you for the opportunity to present this update to each of you and I look forward to our next communication together.
Best Regards,
KBF Pollution Management, Inc.
Kevin Kreisler
President
www.kbf-pmi.com
investorrelations@kbf-pmi.com
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol ``KBFP.''
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link to the shareholders' letter:
http://www.kbf-pmi.com/news/pr/pr.php?prid=37
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KBF Releases Shareholder Letter
PATERSON, N.J., Sep 27, 2002 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF") announced today its release of a shareholder letter that presents the current results of KBF's ongoing growth and provides updates on a number of ongoing significant developments. The shareholder letter is available online at http://www.kbf-pmi.com.
About KBF Pollution Management, Inc.
KBF is a growth-stage company that is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's Selective Separation Technology(TM) ("SST(TM)") (U.S. Pat. Nos.: 5,753,125; 5,908,559; 6,254,782) and other patent-pending and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of SST(TM) and its related processes enable KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin ore material extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
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SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt, KBF Pollution Management, Inc.,
+1-800-366-1426, fax - +1-973-942-7527, investorrelations@kbf-pmi.com
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
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PATERSON, N.J., Aug 19, 2002 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF") reported a 21% increase in revenue for the six months ended June 30, 2002, with recycling service revenues of $1,752,970 as compared to $1,441,046 for the same period in 2001. The increase in revenues is attributable to increased contract demand from KBF's recent sales activities and the continued expansion of KBF's state of the art Recycling and Commodity Manufacturing center. KBF realized this increase in revenue despite the generation of historically low volumes of hazardous waste industry-wide in the first six months of the year.
Kevin Kreisler, KBF's president, said that "we are pleased that we have been able to increase our revenue and contract demand in spite of the attrition during the latter portion of the first quarter and throughout the second quarter 2002. KBF's continued growth in light of these market conditions reflects the continued strength of our upward growth trend, and we are confident that we will continue to increase revenue in our core markets as our existing customers increase their production and as we continue to increase market penetration. We have recently initiated service for many new generators, and our third quarter revenues are already on track to surpass our second quarter revenues by at least 30%."
These increases in revenue are expected to be enhanced further as KBF brings new recycling and mining processes on-line at its New Jersey based Recycling and Commodity Manufacturing Center that both expand the scope of KBF's process capabilities and increase the value of KBF's metal products. One such new process is scheduled to commence performance testing this month. Another process, slated to commence operations in September 2002, is a new refining operation that will increase the inherent value of KBF's existing products by refining them into higher grade commodities.
"We are excited by the possibilities that these new processes will afford us moving forward. Not only do we expect increased earnings on increased revenue as we initiate operations with these new processes, but we will also increase our ability to mine commodities from a broader array of industrial hazardous wastes. The metallic commodities that we mine from these industrial ores will represent a significant source of accretive revenue and earnings growth for KBF, particularly as we increase our production beyond current levels, and as we continue to integrate still more production capabilities engineered to increase the value of our metal products," added Kreisler.
KBF's 10-QSB for the second quarter 2001, filed today, additionally disclosed that revenues for the three months ended June 30, 2001 increased to $842,394 from $814,728 for the same period last year, with a decrease in earnings before interest, taxes, depreciation and amortization to $(250,618) from $106,380 for the same period last year. This decrease in earnings, as compared to the positive growth rate in earnings demonstrated throughout 2001, is predominately due to the increased costs of operations associated with the Company's recently expanded process capacity, which was developed in response to the Company's increased sales and the higher production levels of hazardous waste industry-wide in the latter portion of 2001 as well as the early portion of the first quarter 2002. Volume decreased during the latter portion of the first quarter and most of the second quarter 2002 due to the generation of historically low volumes of hazardous waste industry-wide. While hazardous waste production has returned to expected levels as of the end of the second quarter 2002, the Company's cost of operations for the three months ended June 30, 2002 had increased to 93% of revenues from 74% of revenues for the same period in 2001. As a result of these increased costs and the temporary industry-wide decline in the production of hazardous wastes, the Company incurred a net loss of $(406,992) for the three months ended June 30, 2002, as compared to the net income of $12,686 for the same period in 2001. KBF's 10-Q for the three months ended June 30, 2002, is available online at www.kbf-pmi.com and includes updates on ongoing significant developments, including KBF's planned acquisition of the environmental services division of R.M. Jones & Co., Inc.
About KBF Pollution Management, Inc.
KBF is a growth-stage company that is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large- scale application of KBF's Selective Separation Technology(TM) ("SST(TM)") (U.S. Pat. Nos.: 5,753,125; 5,908,559; 6,254,782) and other patent-pending and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of SST(TM) and its related processes enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin ore material extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product.
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
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SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
+1-800-366-1426, or fax, +1-973-942-7527, or investorrelations@kbf-pmi.com
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
KBF to Test New Large-Scale Recycling Process.
PATERSON, N.J., Jul 31, 2002 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF") announced its plans today to begin performance testing in August of a new proprietary recycling and mining process at KBF's New Jersey based Recycling and Commodity Manufacturing Center. The new process is expected to greatly enhance both the value and the yield of the metallic commodities KBF recycles and mines from industrial hazardous wastes with its patented technologies.
KBF's technologies cost-effectively recycle, reuse and mine industrial hazardous wastes -- at the price point of disposal, and are the only cost-effective and environmentally beneficial alternative to land disposal and incineration today. KBF provides the service of recycling hazardous wastes (for which KBF charges a tipping fee) from which KBF mines metallic commodities (which KBF then sells). Industrial hazardous wastes are generated by a vast array of manufacturing processes in many industries including chemicals, ceramics, aerospace, pharmaceuticals, telecommunications, electronics, automotive, food products, munitions, metal finishing, optics and plastics.
Historically, about 90% of KBF's annual recycling revenues derived from the tipping fees associated with KBF's recycling services, while only 10% derived from KBF's sale of the recycled metal products. KBF's new process is expected to shift this service to product ratio from 90:10 to 75:25 on increased revenue -- the new process has been engineered to simultaneously increase the value of KBF's existing metal products and decrease the costs associated with recycling and mining those products and will therefore increase the current revenue and profitability of KBF's overall operation. The new process is itself projected to generate in excess of $5,000,000 in new annualized service and product revenue as the process is brought up to full production over the next twenty-four months. The new process is the result of almost three years worth of engineering and development and has taken in excess of $2,000,000 dollars to complete.
Kevin Kreisler, KBF's president, said, "We are very excited by the possibilities that this new process will afford us moving forward. Not only will we increase earnings on increased revenue the moment we commence processing, but we will also increase our ability to mine commodities from a wider array of industrial hazardous wastes. The metallic commodities that we mine from these industrial ores will represent a significant source of accretive revenue and earnings growth for KBF, particularly as we increase our production beyond current levels, and as we continue to integrate still more production capabilities engineered to increase the value of our metal products."
Providing guidance on KBF's upcoming earnings announcement, Kreisler added "While many of our customers across several sectors of the economy are generating and shipping decreased volumes of hazardous waste due to general economic conditions, we have increased our customer base substantially due to our ongoing joint venture and direct sales initiatives. Demand for KBF's recycling services and metal products also continues to recover from the production of historically low volumes of hazardous waste industry-wide in the first quarter and the early part of the second quarter this year. Accordingly, we expect to post an estimated 25% increase in recycling sales for the six months ended June 30, 2002 as compared to the same period last year."
About KBF Pollution Management, Inc.
KBF is a growth-stage company that is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's Selective Separation Technology(TM) ("SST(TM)") (U.S. Pat. Nos.: 5,753,125; 5,908,559; 6,254,782) and other patent-pending and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of SST(TM) and its related processes enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin ore material extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product. KBF also provides regulatory compliance support services to its customers and is developing an environmental services business-to-business site called TSDonline.com(TM).
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10- KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
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SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
+1-800-366-1426, or Fax, +1-973-942-7527, investorrelations@kbf-pmi.com
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
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news today:
http://www.kbf-pmi.com/news/pr/pr.php?prid=34
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market news
--------------------------------------------------------------------------------
KBFP (OTCBB) KBF POLLUTION MANAGEMENT INC
--------------------------------------------------------------------------------
VOLUME(+): KBFP Volume 69% > 20-adsv, Stock +23.08%
WEDNESDAY, JUNE 19, 2002 02:36 PM
This is the 1st VOLUME alert for KBFP in the past 7 calendar days.
Trading for KBF Pollution Management Inc (OTCBB: KBFP) has been heavier than usual in today's session. By 14:35 ET, the stock had already traded 321,000 shares via 30 trades. The cumulative volume is 68.85% above than its 20-day average of 190,110. Normally the stock experiences around 13 individual trades per session.
So far, today's volume surge has caused a net rise in KBFP's stock price. At the time of this alert, the stock was trading at $0.080, up $0.015 (+23.08%).
One year ago, the Company's shares closed at $0.070. The price has gained more than 14 percent since then.
Over the last 10 trading session KBFP has traded in a range between $0.060 and $0.080 and is currently trading 66.67% below its 52-week high of $0.240 set on December 19, 2001 and 185.71% above its 52-week low of $0.028 from October 23, 2001.
In the previous 3 sessions, KBFP trading has displayed a mixed trend. Closing results have been as follows:
June 17, 2002 --- closed at $0.060 down $0.004 (-6.25%) on 97,000 shares
June 14, 2002 --- closed at $0.064 down $0.001 (-1.54%) on 98,000 shares
June 13, 2002 --- closed at $0.065 even for the day on 274,200 shares
The Company last released news on June 19, 2002 (today):
"KBF Executes Joint Venture"
KBF POLLUTION MANAGEMENT INC
KBF Pollution Management, Inc. is engaged in the environmental services business. The Company specializs as a wastewater recycling service provider, recycling liquid hazardous and non-hazardous metal bearing wastes.
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KBF Executes Joint Venture
PATERSON, N.J., Jun 19, 2002 /PRNewswire via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF") announced today the execution of a joint venture agreement with Westbury Metals Group, Inc. (OTC Bulletin Board: WMET) -- a prominent manufacturer and distributor of metallic commodities for industrial users in the electronics, chemical, aerospace and metal finishing industries. The joint venture represents KBF's first major investment in the distribution of the metallic commodities it mines from industrial hazardous wastes with its patented technologies.
KBF's technologies cost-effectively recycle, reuse and mine hazardous industrial wastes -- at the price point of disposal, and are the only cost-effective and environmentally beneficial alternative to land disposal and incineration today. KBF provides the service of recycling hazardous wastes (for which KBF charges a tipping fee) from which KBF mines metallic commodities (which KBF then sells).
"KBF's unique hazardous waste recycling facility produces metallic commodities that are superior to and have more inherent value than virgin ore material extracted from the ground," said Westbury Metals' Chief Executive Officer, Mandel Sherman. "Westbury has developed a strong following in the precious and base metals markets and we are excited to have the opportunity to market the metal products that are produced at this new form of mine," added Sherman.
Kevin Kreisler, KBF's president, said, "Industrial hazardous wastes are in reality potent forms of ore that merely require intelligent mining rather than disposal. The metallic commodities that we mine from these industrial ores will represent a significant and growing source of additional revenue and earnings growth for KBF, particularly as we increase our production beyond current levels, and as we continue to integrate additional production capabilities to increase the value of our metal products. The Westbury joint venture is a critical development in KBF's continued growth because it allows us to establish valuable channels of distribution with favorable terms for our metal products. Westbury has a high level of expertise in the manufacturing and distribution of metal products, and they have developed strong relationships both with metals manufacturers and consumers of finished metal products across a wide array of industrial sectors. We also expect that Westbury will be able to leverage their relationships with consumers of finished metal products to distribute increased volumes of hazardous wastes to our facility for recycling and mining."
Under the terms of the agreement, KBF will contribute its recycling technologies, process capabilities and recovered metallic commodities, and Westbury will contribute its sales force and commodity distribution capabilities. Westbury will additionally market KBF's hazardous waste recycling services to its existing customers in the electronics, chemical, aerospace and metal finishing industries.
Providing guidance on KBF's current results, Kreisler added "We expect to be posting an estimated 25% increase in recycling service sales for the six months ended June 30, 2002 as compared to the same period last year as KBF's various sales initiatives continue to gain momentum. Demand for KBF's recycling services and metal products is increasing after the production of historically low volumes of hazardous waste industry-wide in the first quarter and the early part of the second quarter this year."
About Westbury Metals Group, Inc.
Formed in 1996, Westbury fabricates and distributes silver for industrial uses, reclaims platinum and palladium from automotive catalytic converters. The Company's Reliable metal fabrication business makes and sells silver anodes in various forms and shapes, plating salts, tin and tin-lead anodes used in manufacturing.
About KBF Pollution Management, Inc.
KBF is a growth-stage company that is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's Selective Separation Technology(TM) ("SST(TM)") (U.S. Pat. Nos.: 5,753,125; 5,908,559; 6,254,782) and other patent-pending and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of SST(TM) and its related processes enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin ore material extracted from the ground. Use of KBF's technologies eliminates the federally mandated 'cradle-to-grave' liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product. KBF also provides regulatory compliance support services to its customers and is developing an environmental services business-to-business site called TSDonline.com(TM).
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP."
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SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
+1-800-366-1426, Fax, +1-973-942-7527, or investorrelations@kbf-pmi.com
URL: http://www.kbf-pmi.com
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Copyright (C) 2002 PR Newswire. All rights reserved.
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KBF Reports 37% Increase in Revenue
PATERSON, N.J., May 23, 2002 /PRNewswire-FirstCall via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF") yesterday reported a 37% increase in revenue for the three months ended March 31, 2002, with revenues of $946,576 as compared to $689,354 for the same period in 2001. The increase in revenues is attributable to increased contract demand from KBF's recent sales activities and the continued expansion of KBF's state of the art Recycling and Commodity Manufacturing center. KBF realized this increase in revenue despite the generation of historically low volumes of hazardous waste industry-wide in the first quarter.
Kevin Kreisler, KBF's president, said that "despite the production of historically low volumes of hazardous waste industry-wide during the first quarter and a continued economic downturn, we are pleased to report a 37% increase in revenue for the first quarter, reflecting the continued momentum of our upward growth trend. We have recently initiated service for several new large generators, some of which are Fortune 500 companies, and we expect continued increases in revenue in our core markets as our sales initiatives continue to produce exciting results and as the production of hazardous waste increases."
KBF's 10-Q for the three months ended March 31, 2002 additionally disclosed that earnings before interest, taxes, depreciation and amortization was of $(107,791) for the three months ended March 31, 2002, as compared to EBITDA of $19,564 for the same period in 2001. This decrease in earnings, as compared to the positive growth rate in earnings demonstrated throughout 2001, is predominately due to the increased costs of operations associated with the Company's recently expanded process capacity, which was developed in response to the Company's increased sales and the higher production levels of hazardous waste industry-wide in the third and fourth quarters of the year as well as the early portion of the first quarter 2002. Volume decreased in the latter portion of the first quarter 2002 due to the generation of historically low volumes of hazardous waste industry-wide. While hazardous waste production has returned to expected levels as of the middle of the second quarter 2002, the Company's cost of operations for the three months ended March 31, 2002 had increased to 87.9% of revenues from 80.8% of revenues for the same period in 2001. As a result of these increased costs and the temporary industry-wide decline in the production of hazardous wastes, the Company incurred a net loss of $(233,036) for the first three months of 2002, up from the net loss of $(73,598) for the same period in 2001. KBF's 10-Q for the three months ended March 31, 2002, available online at http://www.kbf-pmi.com, includes updates on ongoing significant developments, including KBF's planned acquisition of the environmental services division of R.M. Jones & Co., Inc.
About KBF Pollution Management, Inc.
KBF is a growth-stage company that is establishing itself as the premier recycling services provider in the nation. KBF's Paterson, New Jersey flagship recycling and commodity manufacturing center has been designed for the large-scale application of KBF's Selective Separation Technology(TM) ("SST(TM)") (U.S. Pat. Nos.: 5,753,125; 5,908,559; 6,254,782) and other patent-pending and proprietary resource recovery technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Use of SST(TM) and its related processes enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin ore material extracted from the ground. Use of KBF's technologies eliminates the federally mandated "cradle-to-grave" liability for which a waste generator would otherwise remain perpetually liable. KBF's technologies apply to manufacturing, industrial and municipal waste processes that contain metals or otherwise produce a metal bearing waste by-product. KBF also provides regulatory compliance support services to its customers and is developing an environmental services business-to-business site called TSDonline.com(TM).
Safe Harbor Statement
The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing and amount of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the financial ability of actual and prospective clients; and, other risks generally affecting the financing of projects. Additional risks associated with KBF's business can be found in its Annual Report on Form 10-KSB for the year ended December 31, 2001, and other periodic filings with the SEC. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP".
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SOURCE KBF Pollution Management, Inc.
CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,
+1-800-366-1426, fax +1-973-942-7527, investorrelations@kbf-pmi.com
URL: http://www.kbf-pmi.com
http://www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
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Always ALWAYS do your DD...
video demonstration of KBF's Selective Separation Technology:
https://www.kbf-pmi.com/generator/sst.php
Have fun and be smart!
Always ALWAYS do your DD...
from an e-mail I got today:
Dear Shareholder,
In response to the large number of recent requests from shareholders, we have added a streaming video demonstration of our patented Selective Separation Technology to our corporate website. You can access this demonstration directly from our home page at www.kbf-pmi.com.
We were extremely pleased with the turnout at the presentation given by Kevin Kreisler at the April 11, 2002 Equities Conference. Both Kevin Kreisler and Chris Jones, president and owner of R.M. Jones & Co., Inc., spoke about KBF's business model and growth plans for the future. We have received a lot of inquiries, from single investors to large institutions, for information on KBF and its business model. A replay of KBF's presentation can be accessed online at http://custom.viavid.com/equities/ and will be made available on KBF's website in several days. An article on KBF also appears in the January/February 2002 issue of Equities Magazine. If you would like a copy of this article, please feel free to contact me at jschmidt@kbf-pmi.com.
We remain very excited about the ongoing development of KBF and its revolutionary technologies and we look forward to our next communication with you.
Best Regards,
Joseph B. Schmidt, Corporate Relations
KBF Pollution Management, Inc.
One Jasper St
Paterson, New Jersey 07522
973.942.7700 p
973.942.7527 f
http://www.kbf-pmi.com
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Always ALWAYS do your DD...
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