KBF Pollution (fka KBFP)

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KBF Participates in New Jersey Technology Tax Certificate TransferProgram.
PATERSON, N.J., Nov 26, 2001 /PRNewswire via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) ("KBF") today reported that it will be participating in the New Jersey Technology Tax Certificate Transfer Program. The State sponsored program allows new or expanding technology businesses to sell their unused Research and Development Tax Credits and unused Net Operating Loss Carryover to corporate taxpayers in New Jersey. The selling businesses must qualify as an emerging technology or biotechnology company and buying businesses must have their business or a portion of their business in New Jersey.

Kevin Kreisler, KBF's President, stated that "this innovative program clearly shows New Jersey's commitment to developing ways to assist the sustainable growth of emerging high-technology businesses within the State. We pride ourselves on our patented technologies, as well as the time and effort invested into researching, developing and refining new and increasingly-efficient applications for our technologies. This program is just one of several that make New Jersey an excellent place for us to continue to develop our technologies and grow our business."

KBF additionally reported its plans to invest the majority of the proceeds from the program into KBF's Share Repurchase Program and continued infrastructure development. "The use of our technologies on the commercial scale is demonstrably profitable. Our gross profit has increased dramatically on increased sales in our core markets for the year to date, and material increases in contract demand are expected in the near term. We are extremely pleased with our recent progress, especially given the current levels of producer output, and we are going to supplement our increased financial strength with accelerated investment in shareholder value and process infrastructure," Kreisler added.

Under KBF's Share Repurchase Plan, KBF stock may be purchased in the open market, by block purchase from time to time in compliance with the SEC's Rule 10b-18, subject to market conditions, applicable legal requirements and other factors. The Repurchase Plan does not obligate KBF to acquire any specific number of shares. Shares repurchased will be held in the treasury for general corporate purposes or retired. The first stock repurchases under the Repurchase Plan occurred in 2000, and further purchases are planned as revenues increase with realization of targeted production benchmarks. More information on KBF's Share Repurchase Plan is available online at http://www.kbf-pmi.com .

The New Jersey Technology Tax Certificate Transfer Program is administered by the New Jersey Economic Development Authority and the New Jersey Division of Taxation pursuant to the New Jersey Emerging Technology and Biotechnology Act. Through the program KBF expects to sell approximately $1.6 million in unused net operating loss carryover for approximately $110,000 in 2001.

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, 2000, 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.,

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URL: http://www.kbf-pmi.com
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