Business and Finance Business and Finance
Thu, December 18, 2008

Anviron Completes Contract on Mine Reclamation Site


Published on 2008-12-18 08:34:47 - Market Wire
  Print publication without navigation


BANGKOK, Thailand--([ BUSINESS WIRE ])--The Anviron Holding Company (Pink Sheets: ANVH) ("Anviron"), a manufacturer and marketer of "Clean & Green" products and technology, announced today that they have completed the contracts for the use of the company's "NuSoil" product line for the reclamation of a closed Mine operation Joint Venture signed by its largest investor The Avalon Group Ltd. This negotiated agreement is estimated at $70 Million over the first 18 months of the project and ongoing annual sales of $21 Million.

Anviron is currently evaluating the use of its NuSoil technology on three additional mine reclamation sites totaling 75,000 hectares of land representing an additional estimated $26.25 Million USD in potential future product sales.

In September 2008 NuSoil technologies were selected as the technology of choice for this project for their ability to convert land and soil at the molecular level. NuSoil is a non-polluting organic fertilizer technology that is used to convert non-productive lands by increasing the biological activity, changing the thermal conductivity and ultimately changing the soil's capacity to retain moisture. NuSoil technology has been proven under conditions of drought, torrential rains, and hurricanes.

"In November 2008 Anviron completed the acquisition of a product manufacturing facility for the supply of the 'NuSoil' product line to this newly formed Joint Venture to complete the reclamation of this closed Mine. Anviron is extremely excited to complete this contract for this upcoming project. We look forward to working with all the parties involved in this JV," stated Steve Young – COO of Anviron.

Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about Anviron and its product offerings visit us on the web at [ www.anviron.com ].

This press release contains forward-looking statements regarding Anviron within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting Anviron. Forward-looking statements speak only as of the date on which they are made and Anviron undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.

Contributing Sources