KBF Merging with Veridium

KBF Pollution Management, Inc. announced its plans to merge with Veridium Corp. and to list the consolidated company on the American Stock Exchange.

The merger with Veridium, which is a wholly-owned subsidiary of KBF are among the final steps of KBF's corporate restructuring plan, the principal goal of which is to optimally position the company for the accelerated execution of its business model. The company's recent acquisition of Vulcan Waste Systems, Inc. and pending acquisition of the Environmental Services Division of R.M. Jones & Co., Inc. are additional components of this plan.

The consolidated company will then develop its markets as a premier environmental services provider that focuses on the use of green technologies to recycle and mine commodities, or Veridium, from industrial hazardous wastes. Veridium will be the consolidated company's core brand.

KBF's Paterson, N.J., recycling and commodity manufacturing center has been designed for the large-scale application of KBF's patented and proprietary green technologies. These process technologies separate, remove and recover a wide range of metals from liquid and solid wastes. Use of these technologies enables KBF to competitively recycle a much broader array of hazardous and non-hazardous waste than any other recycling service provider that exists today. Wastes managed with KBF's technologies become products that are comparable and superior to the quality of virgin metal ores 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.