BIONQ BioNitrogen Holdings Corporation (CE)

BioNitrogen Ribbon Cutting Ceremony Held at Initial Plant Site in Hendry County, FL

WEST PALM BEACH, FL--(Marketwired - May 16, 2014) - BioNitrogen Holdings Corp. (PINKSHEETS: BION), a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer, was proud to host the Hendry County Economic Development Council, Florida State Representatives Matt Hudson and Katie Edwards, Florida Department of Transportation Assistant Secretary Richard Biter, and other local dignitaries and business partners during its ribbon cutting ceremony Wednesday at the site of the company's initial plant in Hendry County, Florida.

"This ceremony marks the beginning of a long-term relationship with the state of Florida and with Hendry County and the local community," said Bryan Kornegay, Jr., President and CFO of BioNitrogen. "We've worked very closely and behind the scenes with local government and business leaders for many months and have chosen this site because state and county officials, the Board of County Commissioners, the Economic Development Council and others have realized the substantial benefits that the plant can bring to this area in terms of jobs and economic benefits."

"This facility is going to bring much needed jobs and growth to Hendry County," said Gregg Gillman, President of the Hendry County Economic Development Council. "The BioNitrogen facility is the biggest economic development announcement for Hendry County in the last 50 years. It represents a $300 million investment into our County, making it the third largest successful economic development project I've been involved with in 25 years of working in economic development."

Gary Messer, project manager for AMEC, commented that AMEC was proud to be part of the Hendry County project and is looking forward to its continued progress. He gave a brief tour of the plant using a 3-D model and explained the process from biomass delivery through urea production and distribution. He also showed how the plant will be developed digitally first using the 3-D model and then built on the site. 

To view video of the ceremony online, please visit http://www.bionitrogen.com/news-media/ribbon-cutting/.

About BioNitrogen Holdings Corp BioNitrogen Holdings Corp. (PINKSHEETS: BION) is a cleantech company that utilizes patented technology to build environmentally-friendly plants that convert biomass into urea fertilizer. Our mission is to provide safe, cost effective, green solutions that are economically beneficial in locations where biomass is produced and urea is consumed. Additional information can be found at www.BioNitrogen.com

Safe Harbor Statement The forward-looking statements contained in this document involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices and other factors as discussed in filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental and technological factors. Accordingly, there is no assurance that the Company's expectations will be realized. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

Contact Adam Friedman Principal Email Contact 917-675-6250