BOSTON, Mass., Sept. 5, 2002 -- Agronix Inc. announced the appointment of Peter S. Drummond as the new Chairman and CEO for the company, effective immediately.
Peter Drummond, a resident of Auckland, New Zealand, has extensive international management and marketing experience in the Waste and Sewage treatment industry. Effective immediately, Peter Drummond has been appointed the Chairman and CEO of Agronix, Inc, and is also currently the Chairman of Watercare Services.
Watercare Services is a billion dollar company based out of New Zealand, and is the bulk supplier of water and wastewater services to the Auckland region. Drummond has also held the Chairmanship of four other corporations, two of which are related to the waste industry including landfills, transfer stations, solid municipal waste, and water treatment and sewer sludge disposal. Previously, he was chairman of one of New Zealand's first composting companies.
"Agronix is excited to announce the appointment of Peter Drummond as the company's new Chairman and Chief Executive Officer. Drummond brings to Agronix an extensive background and knowledge of the waste and sewage treatment industry. His skills and leadership at Watercare Services will be a great asset in the further development of our company," commented Brian Hauff, the President of Agronix.
"The appointment of Peter Drummond and Henri Dinel confirms our immediate goal of establishing a world class management team with extensive experience in waste management."
About Watercare Services
Watercare Services Limited is New Zealand's largest company in the water and wastewater industry. It is the bulk supplier of water and wastewater services to the Auckland region. Watercare is a Local Authority Trading Enterprise (LATE) formed in 1992 from the water and drainage operations of the Auckland Regional Council. The company is owned by Auckland's six territorial local authorities. http://www.watercare.co.nz/
Agronix is a provider of organic waste management technology. The company's BCR System converts organic waste materials (animal manure, sewage sludge, bio-solids, and industrial food processing waste, etc.) into agricultural products such as organic fertilizers, soil amendments and other value added agricultural products.
The company is also engaged in the business of developing their BCIR System technology that is used to recover chemical commodities from organic waste for a wide variety of commercial industries such as agriculture, food, oil and gas, paper, clothing and pharmaceuticals. http://www.agronixinc.com
Agronix, Inc. currently trades on the OTC exchange under the symbol AGNI. The company currently has 20,287,281 shares outstanding, and 50,000,000 shares authorized.
Source: Agronix, Inc.