Exhibit 99.1
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NEWS RELEASE FOR IMMEDIATE RELEASE
For More Information Contact:
Timothy Kasmoch, CEO
info@nviro.com (419) 535-6374
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N-Viro International Announces 2005 Financial Results
Toledo, Ohio, Friday, April 7, 2006 - N-Viro International Corp. (OTC
BB/NVIC.OB) announced today the Company's financial results for the fourth
quarter and year ended December 31, 2005.
CEO Timothy Kasmoch stated, "Overall, we are pleased with our 2005 financial
results. Although our book loss was over $270,000, we generated positive cash
basis income of approximately $185,000, due to amortization, depreciation and
other non-cash expenses. Fourth quarter 2005 earnings were $62,000 compared to
$14,000 in 2004."
"Our balance sheet has continued to improve. For the first time since the year
2000, our working capital at year end is nearly positive. In February of 2006,
I was hired to continue a program to increase market awareness and value for our
technology and the N-Viro Soil product. My experience and expertise lie in the
marketing and distribution of products similar to ours. Another recently
elected director, James Hartung, will also add valuable business experience to
our team. We are confident the positive trends initiated in 2004 and 2005 will
continue into the coming year and beyond, and solidify a profitable future for
N-Viro," concluded Kasmoch.
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
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affect these forward-looking statements are contained in the Company's reports
and filings with the Securities and Exchange Commission. 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.
N-Viro International Corporation
Consolidated Statements of Operations
Three Months Ended Dec. 31 Twelve Months Ended Dec. 31
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2005 2004 2005 2004
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Revenues $1,081,976 $1,152,034 $4,184,424 $5,453,493
Cost of revenues 687,315 835,661 2,947,861 3,940,703
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Gross Profit 394,661 316,373 1,236,563 1,512,790
Operating expenses 399,752 273,245 1,404,684 1,628,108
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Operating income (loss) (5,091) 43,128 (168,121) (115,318)
Nonoperating income (expense) 67,367 (28,918) (105,208) 43,504
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Income (loss) before income taxes 62,276 14,210 (273,329) (71,814)
Federal and state income taxes - - - -
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Net income (loss) $ 62,276 $ 14,210 $ (273,329) $ (71,814)
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Basic and diluted income (loss) per share $ 0.02 $ 0.00 $ (0.08) $ (0.02)
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Weighted average common shares outstanding 3,690,559 3,266,769 3,542,088 3,079,216
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