posted
Veridium Receives First Order for Ethanol By-Product Recovery Technology; System Expected to Result in More Than $1.4 Million in Annualized Revenues Feb 21, 2006 9:00:00 AM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--Feb. 21, 2006--
Veridium Corporation (OTC Bulletin Board: VRDM) today announced its receipt of an order from Glacial Lakes Energy, LLC ("Glacial Lakes") for the use of Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). A manually controlled system is up and running today at Glacial Lakes' Watertown, South Dakota ethanol production facility, where it is extracting corn oil now at a rate of about 0.8 million gallons per year. This rate will be increased to between 1.2 to 1.5 million gallons per year in the immediate term after Veridium installs additional technology in the system.
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is not based on licensing or outright equipment sales, but rather on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices.
Glacial Lakes is a farmer-owned ethanol production facility that was commissioned in August 2002 and is currently producing more than 50 million gallons of ethanol annually. The Watertown ethanol production facility is one of more than 70 ethanol production facilities currently operating in the U.S.
David Winsness, chief executive officer of Veridium's industrial design division, stated that "The Watertown installation - the first of what we plan to be many such installations - demonstrates the commercial viability of our new technology and brings immediate cash flows to Veridium. This system is expected to extract in excess of 1.2 million gallons per year of corn oil which Veridium will buy and sell and generate more than $1.4 million in annualized revenues."
Tom Branhan, chief executive officer of Glacial Lakes Energy added: "I have been a believer of this technology and have actively supported its development from the very first day it was introduced to me by David Winsness and his team. Veridium's technology allows to significantly increase our profitability and I am proud to say that Glacial Lakes is the first ethanol producer to install Veridium's Corn Oil Extraction System(TM)."
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
-- Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced;
-- High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG;
-- Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
-- Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and,
-- Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods. Pictures and video of the new Veridium technology are available online at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
-- Reduce the volume of waste generated by residential and commercial consumers;
-- Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of industrial wastes. Veridium is about 65% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), 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 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 Veridium 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: Veridium Corporation
---------------------------------------------- Veridium Corporation Investor Relations Phone: 888-870-9197 Extension 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast Inc. for Veridium Ed Lewis 212-732-4300
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
| IP: Logged |
posted
Veridium Receives First Order for Ethanol By-Product Recovery Technology; System Expected to Result in More Than $1.4 Million in Annualized Revenues Feb 21, 2006 9:00:00 AM Copyright Business Wire 2006 NEW YORK--(BUSINESS WIRE)--Feb. 21, 2006--
Veridium Corporation (OTC Bulletin Board: VRDM) today announced its receipt of an order from Glacial Lakes Energy, LLC ("Glacial Lakes") for the use of Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). A manually controlled system is up and running today at Glacial Lakes' Watertown, South Dakota ethanol production facility, where it is extracting corn oil now at a rate of about 0.8 million gallons per year. This rate will be increased to between 1.2 to 1.5 million gallons per year in the immediate term after Veridium installs additional technology in the system.
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is not based on licensing or outright equipment sales, but rather on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices.
Glacial Lakes is a farmer-owned ethanol production facility that was commissioned in August 2002 and is currently producing more than 50 million gallons of ethanol annually. The Watertown ethanol production facility is one of more than 70 ethanol production facilities currently operating in the U.S.
David Winsness, chief executive officer of Veridium's industrial design division, stated that "The Watertown installation - the first of what we plan to be many such installations - demonstrates the commercial viability of our new technology and brings immediate cash flows to Veridium. This system is expected to extract in excess of 1.2 million gallons per year of corn oil which Veridium will buy and sell and generate more than $1.4 million in annualized revenues."
Tom Branhan, chief executive officer of Glacial Lakes Energy added: "I have been a believer of this technology and have actively supported its development from the very first day it was introduced to me by David Winsness and his team. Veridium's technology allows to significantly increase our profitability and I am proud to say that Glacial Lakes is the first ethanol producer to install Veridium's Corn Oil Extraction System(TM)."
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
-- Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced;
-- High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG;
-- Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
-- Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and,
-- Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods. Pictures and video of the new Veridium technology are available online at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
-- Reduce the volume of waste generated by residential and commercial consumers;
-- Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of industrial wastes. Veridium is about 65% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), 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 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 Veridium 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: Veridium Corporation
---------------------------------------------- Veridium Corporation Investor Relations Phone: 888-870-9197 Extension 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast Inc. for Veridium Ed Lewis 212-732-4300
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
| IP: Logged |
posted
how did u guys get in?? this is the hardest fill ever i treid at .038 with 4 on the ask for 10 min no fill i did a market right after that and its taking forever to fill
Looks good!
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
| IP: Logged |
posted
I called this one over the weekend based on the charts (see my earlier posts). I originally thought this would hit .60 - you think its going to go even higher based on the news today?
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
| IP: Logged |
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
| IP: Logged |
posted
.55 What's a good price to get out? I was thinking .60, but that was before the news hit.
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
| IP: Logged |
posted
Maybe, maybe not. I got out after it dipped to .05 - I'm still trying to get the hang of reading short term charts.
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
| IP: Logged |
posted
Veridium to Sell Corn Oil to Mean Green BioFuels for Conversion to Biodiesel; Pact Expected to Increase Veridium's Corn Oil Revenues by More Than 25% 2/22/2006
NEW YORK, Feb 22, 2006 (BUSINESS WIRE) -- Veridium Corporation (OTC Bulletin Board: VRDM) today announced its plans to sell high grade corn oil to Mean Green BioFuels Corporation ("Mean Green") for refining into biodiesel fuel.
Earlier this month, Veridium and Mean Green announced their execution of a joint venture agreement pursuant to which Veridium was assigned the exclusive worldwide rights to what was then Mean Green's patent-pending Corn Oil Extraction System(TM). In return, Veridium agreed to provide Mean Green with right of first refusal rights to its various biodiesel feedstocks including the high grade corn oil that Veridium extracts from an ethanol by-product called distillers dried grain ("DDG") patent-pending Corn Oil Extraction System(TM).
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is based on its provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing corn oil market prices. Veridium will purchase and sell the extracted corn oil as a high grade corn oil product and generate an estimated $1.4 million in annualized revenues per ethanol facility.
Veridium will continue to generate revenues at this rate until Mean Green's first biodiesel production facility commences operations, at which point Mean Green will purchase the oil from Veridium based on a fixed discount to prevailing fuel prices. This amount corresponds to a premium to corn oil market prices and is expected to result in an estimated 25% increase in Veridium's corn oil sales to about $1.8 million per year per ethanol facility once Mean Green starts making biodiesel.
Veridium and Mean Green are both portfolio companies of GreenShift Corporation (OTC Bulletin Board: GSHF), 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 catalyze transformational environmental gains.
Kevin Kreisler, GreenShift's chairman and chief executive officer, said that "a vital aspect of GreenShift's investment philosophy is to have our various portfolio companies work together to assist each other in their respective development plans. In this case, we have Veridium out selling its proprietary Corn Oil Extraction Systems(TM) with a sales model that is profitable for Veridium today but that also secures a large volume of biodiesel feedstock at favorable prices. Simultaneously, we have Mean Green out building their biodiesel production capacity with the expectation that Veridium will own enough biodiesel feedstock to allow Mean Green to commence operations at its first biodiesel facility later this year at greater than break-even rates of production."
About Mean Green BioFuels Corporation
Mean Green intends to finance, build and operate several biodiesel production facilities in the U.S., where it will leverage its proprietary oil recovery technologies to reduce America's dependence on foreign oil by producing high quality biodiesel fuels. With assistance as necessary from GreenShift, and at the option of participating facilities, Mean Green plans to make equity and other investments in ethanol producers and other companies that use Mean Green's innovative technologies.
Mean Green plans to aggressively invest in its brand as it promotes the use of biofuels in America with the objective of offsetting the demand for fossil fuels while reducing harmful greenhouse gas emissions directly in the trenches - in as many diesel burning trucks, tractors, other heavy equipment and industrial facilities as possible.
Mean Green's business model is based on the production of biodiesel out of the following sources:
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
| IP: Logged |
Veridium Receives Second Order for Ethanol By-Product Recovery Technology Monday February 27, 8:00 am ET System Expected to Add More Than $1.4 Million In Annualized Revenues
NEW YORK--(BUSINESS WIRE)--Feb. 27, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its receipt of an order from Granite Falls Energy, LLC ("Granite Falls") for the use of Veridium's patent-pending Corn Oil Extraction System(TM). Veridium will purchase and sell the extracted corn oil and generate an estimated $1.4 million in annualized revenues. ADVERTISEMENT
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). The new system is scheduled for installation by July 2006 at Granite Falls' Granite Falls, Minnesota ethanol production facility, where it is expected to extract corn oil at a rate of about 1.2 to 1.5 million gallons per year.
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is not based on licensing or outright equipment sales, but rather on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices.
Granite Falls is a farmer-owned ethanol production facility that was commissioned in 2004 and is producing an estimated 50 million gallons of ethanol annually. Glacial Lakes Energy, LLC, who is currently using Veridium's patent-pending Corn Oil Extraction System(TM) at Glacial Lakes' Watertown, South Dakota ethanol production facility, is a significant shareholder in Granite Falls. The Granite Falls ethanol production facility is one of more than 65 ethanol production facilities currently operating in the U.S.
David Winsness, chief executive officer of Veridium's industrial design division, stated that "Granite Falls is managed by the same visionary management team that runs the Glacial Lakes Watertown ethanol production facility. Their support as an early adopter of our Corn Oil Extraction System(TM) has helped to establish both market credibility and momentum for innovative technologies. We are grateful for the continued opportunity to work with their leadership and we are looking forward to deploying our technology at the Granite Falls facility."
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
