CFI Infrastructure Opportunities Fund Acquires N-Viro Systems Canada Inc.



    Acquisition to help Municipalities meet their Infrastructure Requirements

    TORONTO, Feb. 11 /CNW/ - Corpfinance International Limited (The CFI
Group), a provider of equity and debt financings for the project finance
industry, today announced that the CFI Infrastructure Opportunities Fund (The
Fund) has acquired N-Viro Systems Canada Inc. for $15 million.
    N-Viro is a leader in the bio-organic waste management industry and
currently operates facilities in Leamington, Sarnia, Niagara, Halifax and
Summerside. These are certified bio-solids management facilities and the post
treatment products they produce are marketed under the Federal Fertilizers Act
and Regulations.
    N-Viro employs a patented process for the treatment and recycling of
bio-organic wastes utilizing alkaline byproducts. The N-Viro process
stabilizes and pasteurizes the wastewater sludge, reduces odours to acceptable
levels, neutralizes or immobilizes heavy metals and generates a product that
has an appearance similar to soil and which offers multiple commercial uses.
    "We are excited by this acquisition as The Fund is now in a position to
offer an innovative and cost effective solution to the bio-solids waste
management challenge facing many municipalities across Canada" said Kevin
Andrews, President and CEO of the CFI Group. "N-Viro now has the support to
build, own and operate a bio-solids treatment plant that conforms to all
municipal requirements ensuring that even the smallest municipalities can have
access to this environmentally friendly technology without placing additional
stress on their already limited capital budgets. We plan to expand across
Canada using a "Hub" type system whereby multiple small municipalities can
share one bio-solids treatment facility."
    "At CFI we've always believed that private participation in financing and
ownership is vital to the renewal of Canada's infrastructure. Through this
acquisition the CFI Infrastructure Opportunities Fund is helping to address
the infrastructure deficit facing Canada today" said Mr. Andrews.
    The acquisition of N-Viro further diversifies the assets in the CFI
Infrastructure Opportunities Fund which currently include alternate sources of
renewable power generation, cogeneration and now bio solids. Investments
through the first round of financing of The Fund now support over $750 million
in new infrastructure developments across Canada.

    About CFI Group
    ---------------
    With over 20 years of experience and $5 billion of transactions, CFI
Group is a comprehensive, personalized financial services company able to
satisfy a full range of capital needs, from equity to sub-debt and senior
debt. CFI specializes in providing customized medium and long-term project
finance and infrastructure debt and equity financing solutions for private and
public corporations. The Company is based in Toronto, Ontario with offices in
Quebec and British Columbia.

    In addition to its substantial lending capabilities CFI offers a wide
range of capital solutions through its subsidiary CFI Capital. CFI Capital
manages the CFI Infrastructure Opportunities Fund. The Fund, launched in 2004
is designed to meet the increased demand for financing for Canadian
infrastructure projects and Public Sector-Private Sector Partnerships

    For more information on CFI Group, visit www.corpfinance.ca




For further information:

For further information: David Bell, Managing Director, CFI Capital/CFI
Infrastructure Opportunities Fund, (416) 673-2370, dbell@corpfinance.ca or Rae
Wallin, President, N-Viro Systems Canada Inc., (613) 348-3302,
rwallin@sympatico.ca

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CORPFINANCE INTERNATIONAL LIMITED

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