EXHIBIT 99.1


FOR IMMEDIATE RELEASE                                Contact:  David Mitchell
                                                                    President
                                                               (212) 758-6622


       Centerpoint Corporation Announces Purchase of Bion Environmental
                          Technologies, Inc. Shares

January 16, 2002, New York, NY.  Centerpoint Corporation (Pink Sheets: CPTX)
announced it purchased 19,000,000 shares of Bion Environmental Technologies,
Inc. (OTC BB: BION) at $.75 per share.  The purchase price of $14.25 million,
consisted of $8.5 million cash and $5.75 million comprised of a promissory
note issued by Trident-Rowan Group, Inc., former parent of Centerpoint, and
65% of certain claims owned by Centerpoint.  In a related transaction, Bion
acquired 57.7% of Centerpoint and is now the parent.  Centerpoint currently
intends to distribute the Bion shares to its shareholders (including 57.7%
back to Bion) during this calendar year.

Barry Fingerhut, Mark Hauser, Howard Chase and Gianni Bulgari resigned from
the Centerpoint Board of Directors.  David Mitchell, a long-term Director and
former President of Centerpoint, has been named interim President.
Centerpoint is behind in its filings with the SEC and has begun to prepare its
audits in anticipation of completing the delinquent filings during this year.
Since the sale in 1999 of Moto Guzzi Corp., the Company's motorcycle business,
Centerpoint has had no ongoing business.  Following this transaction,
Centerpoint's assets consist of the Bion shares acquired and 35% of certain
claims related to the sale of Moto Guzzi.

David Mitchell stated, "We are very pleased to have completed this transaction
as we feel that Bion has enormous potential.  Centerpoint's newly acquired
interest in the Company offers our shareholders the opportunity to participate
in an industry that is experiencing dramatic changes with the prospect for
significant growth in Bion's business.  We will be distributing information
concerning Bion to our shareholders in the near future."

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About Bion:

Founded in 1989, Bion Environmental Technologies, Inc. has developed
proprietary technology that is changing the way livestock waste management is
addressed.  Bion systems incorporate patented biological processes that safely
convert animal waste into nutrient-rich soil and fertilizer products that are
valued for their high level of organics, slow-release nutrients and odorless
characteristics.  Mass balance data from the Bion systems indicate a 98%
reduction in greenhouse gas emissions and an 80% reduction in nutrients in the
effluent stream.  A tank-based system was recently developed, utilizing
real-time monitoring and control systems to track the fate of all components
of the waste stream.  The ability to precisely measure the nature and
disposition of nutrients, and air and water effluent quality, is critical in
demonstrating the efficacy of the system.  It also verifies the benefits of
the system, forming a basis for potential trading of air and nutrient credits.
This advancement in technology led to development of a highly-efficient
"second generation" system that will be deployed in commercial applications
this year.  These systems will be remotely monitored, compatible with
supplemental components such as methane digestion and water reuse and have a
smaller "footprint" and greatly reduced processing time than prior systems.
For more information about Bion, contact Craig Scott, Bion's Director of
Investor Relations, at (800) 769-7205.

This material includes forward-looking statements based on management's
current reasonable business expectations.  In this document, the words "will,"
"anticipates," "intend" and similar expressions identify certain
forward-looking statements. These statements are made in reliance on the
Private Securities Litigation Reform Act, Section 27A of the Securities act of
1933, as amended.  There are numerous risks and uncertainties that could
result in actual results differing materially from expected outcomes.  The
material should be read in conjunction with the Company's current annual and
quarterly reports filed with the SEC, which contain discussions of currently
known factors that could significantly impact the Company's future
expectations.