Bion Announces Press Conference at Clarkson University to Discuss Proposed Integrated Project in Upstate New York
NEW YORK, Oct. 26 /PRNewswire-FirstCall/ — Bion Environmental Technologies, Inc. (BULLETIN BOARD: BNET) announced today that it will participate in a press conference to be held at 1:00 PM EDT on October 31, 2007 at Clarkson University, in Potsdam, New York. The press conference will mark the public release of a report to the St. Lawrence County Board of Legislators entitled, “Probability of Nuisance Odors from the Proposed Feeding Operations of Bion Technologies.”
The study was led by Philip K. Hopke, Ph.D., the Bayard D. Clarkson Distinguished Professor, and Director, Center For Air Resources Engineering and Science at Clarkson University. Dr. Hopke was joined by Stefan Grimberg, Ph.D., and Shane Rogers, Ph.D., both Assistant Professors, Department of Civil and Environmental Engineering, Clarkson University.
The report outlines the results of an odor modeling study commissioned by the St. Lawrence County Economic Development Council and Bion. The study evaluated the potential for nuisance odors at Bion’s proposed Integrated Project in St. Lawrence County, New York, which will include an 84,000-head beef cattle finishing facility, comprised of six 14,000-head satellite farm modules, balanced with a 42 million gallon per year ethanol plant.
Bion’s development of this Integrated Project, if successfully completed, will produce a significant economic boost to St. Lawrence County, which recently announced the imminent closure of a General Motors plant, with the loss of 500 direct jobs. Based on an economic modeling study completed in March 2007 by Dr. Gregory A. Gardner of Bridge Associates, the Project, as proposed, will employ approximately 198 persons and the economic activity associated with its operations is expected to produce an additional 285 indirect/induced jobs. Further, the study found that initial project spending is estimated to have a total economic impact on the region of $140.3 million, with annual spending expected to result in $64.5 million in net new annual economic activity in the region.
Bion will file a Form 8-K with the U.S. Securities and Exchange Commission with the full report as an exhibit after public release on October 31, 2007.
About Bion: Bion’s patented technology platform largely mitigates the environmental impacts of livestock facilities, such as dairies and cattle feedlots, and significantly reduces the acreage required per animal. The technology enables a substantial increase in scale, resulting in economic advantages and increased profitability through improved resource and operational efficiencies. Bion’s technology creates the opportunity to develop sustainable integrated agriculture operations, comprised of large scale livestock operations balanced with highly-efficient biofuel production, in locations that maximize market opportunities. These state-of-the-art facilities incorporate onsite production and use of co-products — renewable energy produced from the livestock wastes and the distiller grains from the ethanol process — and produce significant advantages in environmental, energy and economic efficiency. For more information, see Bion’s website: http://www.biontech.com/.
This material includes forward-looking statements based on management’s current reasonable business expectations. In this document, the word ‘projects’, ‘will’, ‘believes’ and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
For further information, please visit the Company’s website at http://www.biontech.com/, or contact:
Mark A. Smith Craig Scott President Vice President-Capital Markets/IR 719-256-5329 303-843-6191 direct mas@biontech.com cscott@biontech.com
Bion Environmental Technologies, Inc.
CONTACT: Mark A. Smith, President, +1-719-256-5329, mas@biontech.com, orCraig Scott, Vice President-Capital Markets/IR, +1-303-843-6191 direct,cscott@biontech.com, both of Bion Environmental Technologies, Inc.
Web site: http://www.biontech.com/