KBF Pollution (fka KBFP)

[jobynimble]

pertains to KBFP

I think this still has yet to sink in:

excerpted from the 04/03/03 press release:

Under the terms of KBF's agreement with Vulcan, the Vulcan acquisition is based on a formula tied to KBF's completion of its acquisition of the environmental services division of R.M. Jones and the liquidation value of the Vulcan assets, which is $7.16 million. This formula corresponds to a price per share of $0.265 of KBF common stock at 15% of KBF's issued and outstanding common stock on a fully diluted basis for 100% of Vulcan.

The full release: http://www.kbf-pmi.com/news/pr/pr.php?prid=41

Reread it...

And this from today:

http://www.kbf-pmi.com/news/pr/pr.php?prid=43

“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.”

Looks like additional acquisitions being contemplated...