N-Viro International Corp. is a leading-edge environmental biotech company that trades on the OTCBB. They market an alternative fuel technology and advanced fertilizer products. Founded in 1979, N-Viro International Corp. has their corporate headquarters in Toledo, Ohio.
The Company’s solutions allow publically owned wastewater treatment facilities to take advantage of the strength of the Company’s leading-edge processes. These include alternative fuel technology proven to reduce GHG emissions and cost-effective fertilizer products demonstrated to regain balance to nutrient depleted farmlands. N-Viro develops and licenses their technology to municipalities and private companies. Their patented processes use lime and/or mineral-rich, combustion byproducts to treat, pasteurize, immobilize, and convert wastewater sludge and other bioorganic wastes into biomineral agricultural and soil-enrichment products with real market value.
N-VIRO Fuel™ is a proven technology that can mitigate greenhouse gas emissions at coal fired plants and similar facilities. N-VIRO Fuel™ has a net positive carbon footprint. It is essential to facilitate power generators to meet the state and federal mandates for alternative power generation. N-VIRO Fuel™ provides an additional benefit to power generators in the form of renewable energy/carbon credits. In January of this year, the Company received endorsement from the US EPA identifying N-VIRO Fuel™ as an alternative, renewable biomass- derived fuel.
N-Viro International recently announced a NE Ohio facility to produce N-VIRO Fuel™. The facility has received initial support in the form of available grants and financing offered through the state of Ohio. The anticipation is that groundbreaking will take place by 2011. The Company is currently generating 5M in revenues from sludge processing fees at managed facilities producing N-VIRO Soil™. They are focusing toward the development of international and domestic facilities where the revenue potential for N-VIRO Fuel™ appears to be significant.
The Company also has their BioDry™ and N-VIRO Soil™. These safely put back into the ecosystem an environmentally responsible product derived from bioorganic matter and wastewater sludge. They also have their N-VIRO Fuel™ Hybrid System, a combined heat and power (CHP) biomass system. It uses clean hot air to power turbine and drying equipment. The hybrid system generates electricity through endothermic combustion.
On May 17, 2010, N-Viro International Corp. announced that they filed their Quarterly Report for the three months ended March 31, 2010. Financial highlights for the quarter include revenues of $1.37 million. This represents a 20 percent increase over fourth quarter 2009 revenues of $1.15 million and a 2 percent increase compared to first quarter 2009 revenues of $1.35 million. Gross profit for the reporting period was $374,000. This represents an 81 percent increase over fourth quarter 2009 and a 4 percent decrease compared the first quarter 2009.
Mr. Timothy Kasmoch, President and CEO of N-Viro said, “The quarterly improvement over the fourth quarter 2009 reflects our ongoing efforts focusing on operating efficiencies. The result of this focus is demonstrated by a 9% sequential quarterly improvement in gross profit margins.”