Exhibit 99.1
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NEWS RELEASE FOR IMMEDIATE RELEASE
For More Information Contact:
Phillip Levin, Chairman of the Board
info@nviro.com (419) 535-6374
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N-VIRO INTERNATIONAL CORPORATION ANNOUNCES RESULTS OF ANNUAL STOCKHOLDERS
MEETING: STOCKHOLDERS LEND FULL SUPPORT TO COMPANY
Toledo, Ohio, Tuesday, July 5, 2005 - N-Viro International Corp. (OTC
BB/NVIC.OB) announced the results of the Company's Annual Stockholders' Meeting
vote, held on Thursday, June 30, 2005. Four issues were presented for
stockholder consideration at the Annual Meeting: (1) to amend the Company's
Certificate of Incorporation to remove Article 5, (2) to amend the Company's
Certificate of Incorporation to remove Article 10, (3) the election of four
directors to the board of directors of the Company and (4) the ratification of
UHY LLP as the Company's independent certified public accountants. The first,
third and fourth matters were approved at the Annual Meeting by the affirmative
vote of the holders of a majority of the shares voting. The second matter was
approved by the affirmative vote of 75% of the shares of common stock issued and
outstanding, as required.
Based on actions taken by the stockholders at the annual meeting, the Board of
Directors of the Company currently consists of seven members, with two
vacancies: Phillip Levin, Chairman of the Board of the Company, Daniel
Haslinger, President and Chief Executive Officer of the Company, Michael
Nicholson, Chief Development Officer of the Company, Terry Logan, R. Francis
DiPrete, Joseph Scheib and Carl Richard. Messrs. Levin, Logan and Nicholson
have terms expiring in 2006, while Messrs. DiPrete, Haslinger, Scheib and
Richard have terms expiring in 2007.
In his comments on new business, Chairman Phil Levin expressed optimism of
bringing ongoing business discussion to fruition within the next 6-12 months.
The Company's sales staff is in discussion with several municipalities on
business opportunities which could result in one-time licensing revenue of about
$300,000. Initiatives are ongoing to tap new markets for ash and alkaline
aggregate sales.
Mr. Levin also reported on the favorable trend in the Company's soil product
distribution business segment. In contrast to a year ago when the distribution
cost of product was over $5.00 per ton, today that figure is nearly zero, and
the Company target is to be earning revenue of $2.00 to $4.00 per ton of product
by July 2006.
"As oil prices soar, so does the fertilizer costs to farmers. Given that N-Viro
production is not directly related to petroleum prices as commercial fertilizer
is, the economics of using N-Viro products to enhance soil quality are becoming
more obvious and attractive to production agriculture," said Mr. Levin, who also
mentioned the Company's is conducting research into broadening the soil product
distribution market by enhancing the material with organic, mineral and
commercial additives sought by the agricultural community.
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N-Viro International Corporation News Release dated July 5, 2005
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Mr. Levin went on to mention a pilot program between N-Viro and a producer of
consumer retail package products. The initial results are encouraging and this
partnership shows great promise for growth.
In related news, the Company has finalized negotiations on a contract for
operations at the Toledo processing facility with its unionized employees. The
union has agreed with a two-tier pay rate schedule which allows the Company to
pay a lower rate to new hires. The Company also won concessions on cost-saving
benefits as well as greater latitude in directing the use of plant employees.
About N-Viro
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N-Viro International Corporation develops and licenses its technology to
municipalities and private companies. N-Viro's patented processes use lime
and/or mineral-rich, combustion byproducts to treat, pasteurize, immobilize and
convert wastewater sludge and other bio-organic wastes into biomineral
agricultural and soil-enrichment products with real market value. More
information about N-Viro International can be obtained by contacting the office
or on the Internet at www.nviro.com or by e-mail inquiry to info@nviro.com.
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Forward Looking Statements
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The Company cautions that words used in this document such as "expects,"
"anticipates," "believes" and "may," as well as similar words and expressions
used herein, identify and refer to statements describing events that may or may
not occur in the future. These forward-looking statements and the matters to
which they refer are subject to considerable uncertainty that may cause actual
results to be materially different from those described herein. For example,
while the Company believes that trends in sludge treatment are moving in favor
of the Company's technology, such trends may not continue or may never result in
increased sales or profits to the Company because of the availability of
competing processes. Additional information about these and other factors that
may adversely affect these forward-looking statements are contained in the
Company's reports and filings with the Securities and Exchange Commissions. The
Company assumes no obligation to update forward-looking statements to reflect
actual results, changes in assumptions or changes in other factors affecting
forward-looking information except to the extent required by applicable
securities laws.
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