To: hawkeye who wrote (2687 ) 10/7/1999 4:19:00 PM From: J. A. Pina, Jr. Read Replies (1) | Respond to of 3679
Forget vengeance.... come back to greener pastures, read - KBF POLLUTION MANAGEMENT, INC. SIGNS RECYCLING SERVICES AGREEMENT WITH CATERPILLAR, INC. PATERSON, N.J., Oct 7, 1999 /PRNewswire via COMTEX/ -- KBF Pollution Management, Inc. (OTC Bulletin Board: KBFP) and Caterpillar, Inc.'s (NYSE: CAT) Precision Pin Products Group in Sumter, South Carolina announced today that they have entered into a recycling services agreement through which KBF will provide ongoing recycling and commodity manufacturing services, furthering Caterpillar's comprehensive pollution prevention and waste recycling policy. Under the agreement, KBF will provide a wide array of recycling services based on the use of KBF's patented Selective Separation Technology ("SST") (Patent Nos.: 5,735,125; 5,908,559) and other proprietary Resource Recovery Technologies at KBF's Paterson, New Jersey recycling and commodity manufacturing center. Lawrence M. Kreisler, KBF's Chief Executive Officer and President said that, "KBF has invested aggressively in its evolution to a full-service, large-scale recycling service provider and commodity manufacturer, in the process becoming the best alternative to hazardous waste disposal and landfilling. The agreement with Caterpillar represents the recognition among waste producers that this alternative is real and cost-effective." Bob Jeanmenne, Chemical Operations Manager at Caterpillar's Precision Pin Products Group in Sumter, South Carolina, commented further that, "Caterpillar's Precision Pin Products Group has implemented a no-landfill initiative that requires the recycling of all of our waste by-products and the reengineering of our manufacturing processes to produce wastes that can be readily recycled by KBF. KBF's facility and recycling capabilities help to make our initiative a practical and cost-effective solution to the otherwise high costs and liabilities associated with disposal and landfilling." Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Caterpillar's no-landfill initiative is being pioneered by its Precision Pin Products Group in Sumter, South Carolina. KBF's patented Selective Separation Technology and other patent-pending and proprietary Resource Recovery Technologies separate, remove and recover a wide range of metals from liquid and solid wastes as well as other production and manufacturing media. Through resource recovery, KBF's technologies recycle metals, both hazardous and non-hazardous, in their elemental state at highly competitive prices. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin ore material 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. The foregoing discussion contains forward-looking statements that are based on current expectations. Actual results, including the timing of anticipated revenues, may differ due to such factors as: regulatory delays; dealings with governmental and foreign entities; economic and other conditions affecting the ability of prospective clients to finance projects; and, other risks generally affecting the financing of projects. KBF Pollution Management, Inc. trades on the over the counter bulletin board maintained by the NASD under the symbol "KBFP." Caterpillar, Inc. trades on the NYSE under the symbol "CAT." For more information, contact public relations at KBF at 973-942-7700 or visit KBF's website at kbf.net .