KBF Pollution (fka KBFP)

[jobynimble]

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, [phone], or [e-mail]; or
Media - Stephanie Stern, President of Stern & Co. Communications,
[phone], for KBF Pollution Management, Inc.
(KBFP)

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