KBF Pollution (fka KBFP)

[jobynimble]

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."



MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X43036320

SOURCE KBF Pollution Management, Inc.


CONTACT: Joseph B. Schmidt of KBF Pollution Management, Inc.,

[phone], Fax, [phone], or [e-mail]

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

Copyright (C) 2002 PR Newswire. All rights reserved.


Have fun and be smart!
Always ALWAYS do your DD...