posted
September 19, 2005 11:38 AM US Pacific Timezone
INSEQ Acquires Separation and Recovery Technologies, Inc.; Acquisition Includes Exclusive License to Argonne National Laboratory's Plastic Waste Separation Technology
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 19, 2005--INSEQ Corporation (OTC Bulletin Board: INSQ) today announced that it has acquired Separation and Recovery Technologies, Inc. ("SRT"), in an all stock transaction.
The terms of INSEQ's acquisition of SRT will be provided later this week with INSEQ's expected Form 8K filing on the acquisition. SRT holds certain exclusive rights to a new patented technology for the separation of plastics from solid wastes and non-exclusive rights to the technology for the separation of plastics from electronic equipment and white appliances. The new technology was developed by Argonne National Laboratory under a contract with the U.S. Department of Energy.
"The Argonne technology enables the cost-effective preferential separation and recovery of specific targeted plastics from a mixed plastics stream," said Kevin Kreisler, INSEQ's chairman. "This has compelling implications in a number applications, but INSEQ is predominantly interested in manufacturing systems that apply this technology at centralized solid waste processing facilities, at consumer electronics recycling facilities, and at targeted plastics manufacturers with the goal of separating key targeted plastics for recycling and reuse, and INSEQ hopes that this technology will result in a significant contribution to INSEQ's revenue and earnings as the first systems become operational."
Kreisler continued, "Having the capability to separate targeted plastics from wastes streams provides value to recycling efforts. More importantly however, the Argonne separation technology allows for more efficient conversion of mixed plastic wastes into fuels such as diesel fuel. This can be achieved today by using this technology in conjunction with conventional refining technologies such as thermal deploymerization and we plan to steer our initial applications of the Argonne technology in this direction."
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ 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 catalyze transformational environmental gains. More information is available online at 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 INSEQ 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.
Contacts
INSEQ Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@inseq.com www.inseq.com
posted
This has been steady for the past 2 months, it seem to be moving up. Look at the 52 week high.
Great news lately, only way I see this one moving is up. With normal ups and downs... .OB already someone mentione Oct-Dec best months for .ob's let's hope so.
Good luck to all in.
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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posted
INSEQ Acquires Privately Held Separation and Recovery Technologies, Inc.; Transaction Includes Exclusive License to Argonne National Laboratory's Plastic Waste Separation Technology Business Wire - September 21, 2005 13:16
MOUNT ARLINGTON, N.J., Sep 21, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced that it has acquired Separation and Recovery Technologies, Inc. ("SRT") from UTEK Corporation (AMEX: UTK; LSE-AIM: UTKA), in an all stock transaction.
Pursuant to the terms of it agreement with UTEK, INSEQ acquired SRT, a 100% owned subsidiary of UTEK, in a tax-free stock-for-stock exchange through which INSEQ issued 434,782,608 unregistered shares of common stock to UTEK in exchange for 100% of the issued and outstanding shares of SRT.
SRT holds certain exclusive rights to a new patented technology for the separation of plastics from solid wastes and non-exclusive rights to the technology for the separation of plastics from electronic equipment and white appliances. The new technology was developed by Argonne National Laboratory under a contract with the U.S. Department of Energy. In addition to the Argonne technology, SRT's assets at closing also included several hundred thousand dollars in working capital that INSEQ will use as seed capital as it commercializes the Argonne technology.
"The Argonne technology enables the cost-effective preferential separation and recovery of specific targeted plastics from a mixed plastics stream," said Kevin Kreisler, INSEQ's chairman. "This has compelling implications in a number applications, but INSEQ is predominantly interested in manufacturing systems that apply this technology at centralized solid waste processing facilities, at consumer electronics recycling facilities, and at targeted plastics manufacturers with the goal of separating key targeted plastics for recycling and reuse, and INSEQ hopes that this technology will result in a significant contribution to INSEQ's revenue and earnings as the first systems become operational."
Kreisler continued, "Having the capability to separate targeted plastics from wastes streams provides value to recycling efforts. More importantly however, the Argonne separation technology allows for more efficient conversion of mixed plastic wastes into fuels such as diesel fuel. This can be achieved today by using this technology in conjunction with conventional refining technologies such as thermal deploymerization and we plan to steer our initial applications of the Argonne technology in this direction."
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ 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 catalyze transformational environmental gains.
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 INSEQ 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: INSEQ Corporation
INSEQ Corporation Jim Grainer, 973-398-8183 fax: 973-398-8037 investorrelations@inseq.com www.inseq.com or CEOcast, Inc. for GreenShift Michael Wachs, 917-509-6446
Copyright Business Wire 2005 ********************************************************************** As of Saturday, 09-17-2005 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 08-31-2005 for UTK @ $13.73. (C) 2005 Comtex News Network, Inc. All rights reserved.
Posts: 81 | From: New Jersey | Registered: Apr 2005
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posted
INSEQ Restructures Equity Financing Business Wire - September 26, 2005 10:00
MOUNT ARLINGTON, N.J., Sep 26, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced the termination of its $10 million Standby Equity Distribution Agreement ("SEDA") with Cornell Capital Partners. Additionally, INSEQ cancelled warrants exercisable into 300,000,000 shares of registered common stock at $0.001 per share that were previously issued to Cornell as part of the SEDA.
Kevin Kreisler, INSEQ's chairman, said that "We had planned to complete our pending acquisition of Independent Metal Sales, Inc. ("IMS") this month with factor-based debt financing as a form of short-term bridge financing pending the payoff of the debt with the proceeds of equity sold under the SEDA. However, the recent performance of INSEQ stock, the aggregate growth capital needs of IMS and our existing businesses, and the anticipated cash needs of our other currently targeted acquisitions require us to use our capital structure differently.
We believe that a better use of our capital today would be to use a less expensive and more flexible source of conventional debt financing that we service exclusively out of cash flows, as opposed to equity sales, and standard equity financing at higher market prices - particularly as compared to the newly cancelled warrants that INSEQ had issued as part of the SEDA which were exercisable into 300 million shares at $0.001 per share. We are accordingly going to delay the completion of the IMS acquisition by about 60 days as we perfect our intended new debt financing," concluded Kreisler.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ is 70% owned by GreenShift Corporation (OTCBB: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
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 INSEQ 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: INSEQ Corporation
INSEQ Corporation Jim Grainer, 973-398-8183 President and Chief Financial Officer Fax: 973-398-8037 Email: investorrelations@inseq.com Web: www.inseq.com
Copyright Business Wire 2005
Posts: 81 | From: New Jersey | Registered: Apr 2005
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posted
I think some people just panic, I didn't see this as bad news, I think some took advantage of the dip and then she held around 005. This has been typical for this stock... Watch it go to 0065 again by end of week...
-------------------- If only I knew then what I know now Posts: 145 | From: Madison | Registered: Apr 2005
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posted
Maybe because it resembled pumping and BS'ing? heckifiknow though
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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even if it doesnt run here, i think a nice bounce of 50 day sma is in order, not to mention what seems to be the forming of the handle in a cup and handle formation.
-------------------- Procurement: Thats the name of the game. Posts: 375 | From: Charlotte, NC | Registered: Jan 2005
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posted
this would have to completely tank for you to lose $100...don't sweat it Persia
Posts: 289 | From: Atlanta | Registered: Jul 2005
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INSEQ Executes Letter of Intent to Acquire Metals Manufacturer
Oct 3, 2005 8:42:00 AM Copyright Business Wire 2005 MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Oct. 3, 2005--
INSEQ Corporation (OTC Bulletin Board: INSQ) today announced that it has executed a letter of intent to acquire a Specialty Metal Manufacturer ("SMM").
SMM is an Ohio-based specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services for its clients. INSEQ intends to complete the SMM acquisition during the fourth quarter 2005 with a mixture of conventional debt and cash on terms that INSEQ expects will be accretive to earnings.
INSEQ expects to merge the operations of SMM with INSEQ's existing Ohio-based metal manufacturing division, where SMM is expected to add $2 million in annualized revenues with better than 10% EBITDA margins.
Kevin Kreisler, INSEQ's chairman, said that "INSEQ plans to consolidate SMM's operations at its existing metal manufacturing operation in Ottoville, Ohio. Accordingly, we expect that the intended acquisition will be accretive to both INSEQ's profitability by reducing costs on existing contracts, as well as will enhance INSEQ's balance sheet since the acquisition brings valuable equipment and other assets. Further, SMM's equipment will be integral to the cost-effective manufacturing by INSEQ of products based on GreenShift Corporation's various technologies, specifically products based on GreenShift's Tornado Generator(TM) technology."
GreenShift's Tornado Generator(TM)
GreenShift's patented Tornado Generator(TM) accelerates compressed air to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate and atomize solid and liquid wastes and other materials into micron sized powders. The Tornado Generator(TM) has no internal moving parts and is powered by compressed air. Needing only an appropriately sized generator and compressor, processing with the Tornado Generator(TM) is very robust and is capable of field operation.
The technology can cost-effectively and rapidly process a very broad array of wastes including agricultural wastes, septic wastes, municipal solid wastes, and construction and demolition wastes. In its most basic mode of operation, the Tornado Generator(TM) can simply be used to dramatically reduce the volume of targeted wastes by about 90%, as well as the associated transportation and disposal costs. Systems based on the Tornado Generator(TM) can be rapidly deployed for use in the cost-effective management of debris under emergency or other conditions.
Additionally, with conventional pre-processing, the output of the Tornado Generator(TM) includes fuel pellets with an average BTU value of about 7,000 BTU/lb. These fuel pellets are dry, dense, odorless, and can be easily transported economically and safely to remote landfills or sold to local power utilities or used to generate power on site.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ 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 catalyze transformational environmental gains.
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 INSEQ 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: INSEQ Corporation
---------------------------------------------- INSEQ Corporation Jim Grainer 973-398-8183 Fax 973-398-8037 investorrelations*inseq.com www.inseq.comPosts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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posted
INSEQ expects to merge the operations of SMM with INSEQ's existing Ohio-based metal manufacturing division, where SMM is expected to add $2 million in annualized revenues with better than 10% EBITDA margins.
NICE
Posts: 1533 | From: jacksonville, nc, usa | Registered: Dec 2004
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