KBF Pollution (fka KBFP)

[jobynimble]

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 [e-mail].

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

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