Bion Environmental Technologies, Inc. Announces Addition of Jeremy Rowland to Management Team and Completion of Audit
September 27, 2006. New York, New York. Bion Environmental Technologies, Inc. ('Bion') (Pink Sheets: BNET) announced the following today:
- Mr. Jeremy Rowland has joined the Bion as Chief Operating Officer of its Bion Dairy Corporation operating subsidiary ('Dairy'). Prior to joining Bion, Mr. Rowland worked for URS Corporation, a major national engineering/consulting firm, for 16 years where he developed and lead URS's efforts in the renewable energy marketplace. Mr. Rowland has eighteen years experience in multi-disciplinary energy and environmental project development and management throughout the U.S. and overseas. Mr. Rowland's areas of expertise include renewable energy project development, distributed generation (mostly combined heat/power), large-scale power plant development and strategic energy management.
The addition of Mr. Rowland further strengthens Bion's management team. During 2006 Bion has added Mr. Salvatore Zizza as Chairman and Director of Dairy and Mr. Jeff Kapell as Dairy's Vice President-Renewables. Mrssrs. Rowland, Zizza and Kapell have each agreed to serve in similar positions with Bion when Bion has commenced reporting with the Securities & Exchange Commission and has secured adequate D&O insurance coverage. To support its business plan of commencing development of the initial Integrated Projects during the current fiscal year, Bion intends to supplement its implementation team with further additions of management and technical personnel over the next 3-9 months.
For biographical information regarding Bion's entire management team including Messrs. Rowland, Zizza and Kapell, see Management Team Bios
- Bion's independent auditor, GHP Horwath, P.C., Denver, Colorado, has completed an audit of Bion's Financial Statements as of June 30, 2006 and June 30, 2005. The audited Financial Statements (and related notes) may be viewed on Bion's website at Bion 2006 Financials Bion intends to use these audited Financial Statements in filings with the U.S. Securities & Exchange Commission, to aid in establishing a more liquid trading market for its common stock and to support institutional financing efforts.
About Bion: Bion Environmental Technologies, Inc.'s patented and proprietary technology provides a comprehensive environmental solution to the single largest source of pollution in US agriculture, Confined Animal Feeding Operations (CAFO's)--dairy cows, beef cattle, swine and poultry. Bion's technology is 'comprehensive' in that it surpasses current (as well as likely future) environmental regulations for both nutrient releases to water and air emissions from livestock waste streams. Additionally, Bion's technology platform integrates ethanol production, renewable energy production and on-site energy utilization with large-scale CAFO's (and their end-product users) in an environmentally and economically sustainable manner while reducing CAPEX and operating costs for the entire integrated complex.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the word 'intends', 'projects', 'anticipates' 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.
|Mark A. Smith
Vice President-Capital Markets/IR