COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: Incode Completes Acquisition of Warnecke Design Service
MOUNT ARLINGTON, N.J., May 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced the completion of its acquisition of Warnecke Design Service, Inc. ("WDS").
WDS, located in Ottoville, Ohio, is a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services for its clients. WDS' customers include electronics, automotive, plastics and other manufacturers, including several Fortune 500 companies. WDS is profitable and brings in excess of $6 million in annualized gross sales to the Company.
Jim Grainer, president and chief financial officer of the Company said that: "We are very excited to have completed this acquisition. WDS is profitable and brings a strong core business with a stable base of repeat customers. They have a great team of engineers and design professionals and their operations are strategic to our manufacturing, distribution and technology design and development plans."
Earlier this month, the Company announced its plans to complete a reincorporation merger with its subsidiary, Inseq Corporation, and to change its brand identity to Inseq, which stands for the International Secondary Commodities Exchange. The Company's new mission is to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
"We are going to need direct manufacturing, distribution and technology design and development capabilities to realize our mission and build each of our intended operational groups," added Grainer. "WDS brings substantial design, prototyping and manufacturing resources that we expect will be vital as we develop into our model."
"I am very excited by the completion of this acquisition," added Tony Warnecke, who will continue with the Company in his role as president of WDS. "While Inseq provides WDS with opportunities for additional growth through the continued acquisition of compatible manufacturing capabilities, and cost savings through their planned on- and off-line distribution capabilities, Inseq also brings some additional opportunities that I find extremely exciting. I believe there is a need for what Inseq is gearing up to do and I am looking forward to contributing in any way that I can."
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in June 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE Incode Technologies Corporation
CONTACT: Jim Grainer, President and Chief Financial Officer of Inseq Corporation, +1-973-398-8183, +1-973-398-8037 (fax), investorrelations@inseq.com; Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, Garth Russell, +1-212-896-1250, grussell@kcsa.com both of KCSA Worldwide for Incode Technologies Corporation
Copyright (C) 2005 PR Newswire. All rights reserved.
GSHF -- GreenShift Corp. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: GreenShift Signs Management Services Agreement With Development Stage Public Company
MOUNT ARLINGTON, N.J., May 26, 2005 /PRNewswire-FirstCall via COMTEX/ -- GreenShift Corporation (OTC Bulletin Board: GSHF) today announced it has signed a management services agreement, effective immediately, with TDS (Telemedicine), Inc. (Pink Sheets: TDST), a development stage public company.
Under the terms of the agreement, GreenShift will provide interim management assistance and financial support while preparing TDS for the completion of a strategic transaction. GreenShift will assist TDS with the creation and implementation of a comprehensive restructuring plan designed to culminate in the merger with or acquisition of a qualified private company. Upon completion of such transaction, GreenShift expects to own a 3% to 4.5% initial stake in TDS. To be qualified, a suitable merger or acquisition target should be profitable on substantial revenues, it should have a healthy balance sheet and it should be compatible with GreenShift's investment criteria.
Kevin Kreisler, GreenShift chairman and chief executive officer, will serve as interim chairman for TDS until the completion of a strategic transaction. GreenShift president and chief financial officer, Jim Grainer, will oversee the various financial and audit mechanics of the restructuring plan.
About GreenShift Corporation
GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.
GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of growth stage public and private businesses and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
* Veridium Corporation (OTC Bulletin Board: VRDM); * Inseq Corporation (OTC Bulletin Board: ICDT); * GreenWorks Engineering Corporation; * GreenShift Industrial Design Corporation; * Coriolis Energy Corporation; and, * GreenShift Advanced Applications Corporation. In addition, GreenShift intends to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006. Additional information regarding GreenShift Corporation is available online at http://www.greenshift.com .
Safe Harbor Statement
This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE GreenShift Corporation
CONTACT: Jim Grainer, President and Chief Financial Officer of GreenShift Corporation, Phone, +1-973-398-8183, Fax,: +1-973-398-8037, investorrelations@greenshift.com; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide, for GreenShift Corporation
Copyright (C) 2005 PR Newswire. All rights reserved. -0-
KEYWORD: New Jersey INDUSTRY KEYWORD: ENV OIL OTC
GSHF -- GreenShift Corp. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: Incode Completes Acquisition of Warnecke Design Service May 31 2005 8:02AM ET GreenShift Signs Management Services Agreement With Development Stage Public Company May 26 2005 11:39AM ET GreenShift to Launch Industrial Design Initiative May 25 2005 12:13PM ET Incode Technologies Commences Development of Secondary Commodities Trading Platform May 24 2005 2:00PM ET GreenWorks Engineering Corporation Issues Letter to Shareholders May 24 2005 10:59AM ET Incode Issues Shareholder Letter May 23 2005 1:35PM ET Incode Announces Merger Agreement May 19 2005 10:07AM ET GREENSHIFT CORP files Form 8-K, Current Report May 19 2005 9:50AM ET GREENWORKS CORP files Form 10QSB, Quarterly Report of Financial Condition May 16 2005 2:02PM ET GREENWORKS CORP files Form 8-K, Current Report Apr 25 2005 3:10PM ET
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
TDS Telemedicine Signs Letter of Intent to Acquire Alfa Industries, Inc.
CORPUS CHRISTI, Texas, June 9, 2005 /PRNewswire-FirstCall via COMTEX/ -- TDS (Telemedicine), Inc. ("TDS") (Pink Sheets: TDST), a development stage public company, announced today it has signed a letter of intent to acquire Alfa Industries, Inc., a privately held infrastructure and real estate development company. The acquisition is expected to be a tax-free share exchange subject to shareholder approval of both companies and other customary conditions. Upon completion of the transaction, Alfa will serve as TDS' primary business and TDS will change its name to Alfa Industries, Inc.
Alfa provides an array of utility installation, management and maintenance services, including: heavy, highway and bridge construction; trench-less technology for installation of underground utilities; development-driven environmental and remedial services; and, general maintenance of roadways and public property for local, state and federal governments throughout the mid-Atlantic and seaboard states.
Kevin Kreisler, chairman and chief executive officer of GreenShift Corporation (OTC Bulletin Board: GSHF) and interim chairman of TDS, said, "Alfa Industries brings to TDS a seasoned management team led by an industry veteran, Joseph Alfano, with an annual revenue run rate of approximately $20 million. We are confident Alfa's growth plan to build a leading North American infrastructure and real estate development company through strategic acquisitions will result in increased revenue and earnings."
About TDS (Telemedicine), Inc.
TDS is a development stage public company whose plan for 2005 is to complete one or more acquisitions of strategically compatible companies. Upon the completion of its planned acquisition of Alfa Industries, Inc., TDS will be about 3% to 4.5% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. More information on GreenShift is available at http://www.greenshift.com.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE TDS (Telemedicine), Inc.
CONTACT: Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250 grussell@kcsa.com, both of KCSA Worldwide
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