Victor Industries Prepares for Transition from Development Stage to Production
Business Editors
MISSOULA, Mont.--(BUSINESS WIRE)--Aug. 1, 2001--Victor Industries (OTCBB:VICI) has been in the development stage of a revolutionary new fertilizer for the past year. The Company is meeting with their patent attorney this week in preparation for filing for patent protection. Arrangements have been made to produce the first commercially produced batch of its proprietary compound. When the patent is filed VICI will immediately begin shipping sample orders to customers who have expressed considerable enthusiasm for the new product. Sample orders will be going to Fortune 500 customers as well as distributors and other fertilizer companies. "The hot buzz word around fertilizer companies is slow release fertilizer, said Penny Sperry, President of VICI. "The compound we will produce is a demand driven release of the nutrients. When the level of nutrients in the soil are reduced by plant uptake, our compound releases them in an ion exchange." The two main sources of nitrate and phosphate pollution are fertilizers and large animal feeding operations. By placing the Victor Industries proprietary compound in the waste stream of the animals the compound will absorb the ammonia before it degrades to nitrates while also absorbing the phosphates. What is left behind is fiber and what we harvest is a demand release fertilizer. Wide spread adoption of the compound will significantly reduce pollution from large animal feeding operations while reducing the leaching of nitrates and phosphates into ground water by commercial fertilizers. "I can't think of a larger or more global market than the one our compound can satisfy," said Rich Leary, Director of Business Development for Victor Industries. "Anywhere they fertilize or commercially produce animals our compound solves the problem of nitrate and phosphate pollution. The dead zone at the mouth of the Mississippi is a well known manifestation of the problem domestically, but we have received indications of interest from as far away as New Zealand. Nitrate and phosphate pollution is a global problem." The new fertilizer continues working effectively for 1-3 years, thus reducing the need for multiple fertilizer applications every year to the same land and because it absorbs 45% of its weight in water and releases it when the soil begins to dry, less irrigation is required. Recently the EPA proposed strict new regulations to reduce water pollution from the large animal feeding operations, affecting nearly 39,000 feed plants nationwide, including dairies, chicken, pig and turkey farms. The EPA estimates that 128 billion pounds of manure is generated each year.
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
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CONTACT: Victor Industries, Inc. Ron Pellett, 406/251-8501 Fax, 406/251-8502 zeolite@micro-mania.net
KEYWORD: MONTANA INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENVIRONMENT FOODS/BEVERAGES PRODUCT SOURCE: Victor Industries, Inc. Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
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