posted
GreenShift Portfolio Company Sterling Planet Partners with PepsiCo on Purchase of Renewable Energy Certificates
NEW YORK, May 03, 2007 (BUSINESS WIRE) -- GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that its Sterling Planet, Inc. portfolio company entered into an agreement with PepsiCo to purchase renewable energy certificates to offset 100% of the purchased electricity used by all PepsiCo US Facilities. Marking the largest REC purchase to date, the purchase matches the purchased electricity used by all PepsiCo US-based manufacturing facilities, headquarters, distribution centers and regional offices.
"Energy is a key focus for PepsiCo within its environmental sustainability agenda," said John Compton, chief executive officer, PepsiCo North America. "The purchase of these RECs is not only in line with our progress to date, but further advances our commitment to sustainability and helps make a positive impact in the communities we serve across the country."
Green power is produced from renewable resources such as solar, wind, geothermal, biogas, biomass and low-impact hydro. These energy sources are considered cleaner and have a superior environmental profile than conventional sources of electricity. Purchasing RECs helps drive the development of additional renewable energy capacity nationwide.
PepsiCo's three-year purchase is comprised of more than 1 billion kilowatt-hours annually. Based on national average emissions rates, the U.S. EPA estimates PepsiCo's purchase is the same amount of electricity needed to power nearly 90,000 average American homes annually.
With this purchase PepsiCo tops EPA's list of top-25 green power purchasers, as well as becoming the top Fortune 500 purchaser. PepsiCo also becomes a member of the EPA's Green Power Partnership, which is comprised of organizations that voluntarily purchase green power as a way to reduce the environmental impacts associated with conventional electricity use.
"America is shifting to a 'green culture,' with more and more businesses understanding that environmental responsibility is everyone's responsibility," said EPA Administrator Stephen L. Johnson. "By switching to alternative, renewable power sources, PepsiCo is proving that going green can be the choice of every generation."
PepsiCo, which formed its Environmental Task Force in 2001, and its divisions are actively involved in a variety of environmental initiatives and have been recognized for their efforts. For example, Frito-Lay and Gatorade operate two LEED GOLD certified facilities. The US Green Buildings Council LEED Rating System is the nationally accepted benchmark for evaluating sustainable sites, water efficiency, energy and atmosphere efficiency, material and resource selection and indoor environmental quality. Tropicana's Ft. Pierce facility has partnered with St. Lucie County to burn landfill gas, a renewable energy source that displaces the use of natural gas, in its boiler.
Earlier this year PepsiCo was recognized as ENERGY STAR Partner of the Year for outstanding energy management and reductions in greenhouse gas emissions. PepsiCo's Frito-Lay North America division received the award in 2006.
PepsiCo is partnering with Sterling Planet on the purchase of the RECs. Sterling Planet, a leading retail provider of renewable energy, is identifying and acquiring the RECs for PepsiCo. The company will seek to source the RECs to model PepsiCo's purchased electricity use geographically.
"We are pleased to join with PepsiCo to make history with this largest-ever purchase of clean, renewable energy certificates. Sterling Planet will be working closely with PepsiCo to support the strategic decision to match the RECs to their geographic use of electricity in the U.S.," said Mel Jones, president and chief executive officer, Sterling Planet. "This approach should help the local communities where PepsiCo has a presence to grow local renewable energy sources."
The Green-e program, administered by the Center for Resource Solutions (CRS), will certify that the RECs meet stringent environmental guidelines and will verify that the renewable energy credits being purchased for PepsiCo are retired on PepsiCo's behalf. CRS is a national non-profit organization working to promote sustainable resource solutions that reduce greenhouse gas emissions responsible for climate change.
"PepsiCo is demonstrating environmental leadership and innovation while inspiring other U.S. corporations to take action," said Dan Lieberman, Green-e program manager, Center for Resource Solutions. "This type of commitment from PepsiCo makes tremendous strides toward a clean, renewable energy future for all Americans."
PepsiCo is one of the world's largest food and beverage companies, with 2006 annual revenues of more than $35 billion. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. Its portfolio includes 17 brands that generate $1 billion or more each in annual retail sales.
About the U.S. EPA's Green Power Partnership
EPA's Green Power Partnership encourages organizations to purchase green power as a way to reduce the environmental impacts associated with conventional electricity use. The Green Power Partnership currently has hundreds of Partners voluntarily purchasing billions of kilowatt hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500 companies, small and medium sized businesses, local, state, and federal governments, trade associations, as well as colleges and universities. For additional information, please visit http://www.epa.gov/greenpower.
Safe Harbor Statement
This press release contains statements that 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: GreenShift Corporation Phone: 212-994-5374 Fax: 646-572-6336 Email: investorrelations*greenshift.com Web: www.greenshift.com or Investor Relations: CEOcast, Inc. Andrew Hellman Phone: 212-732-4300 or Public Relations: Walek & Associates Deborah McCandless Direct: 212-590-0523 Fax: 212-889-7174 E-mail: dmccandless*walek.com Web: www.walek.com
-------------------- To reach hill top start from the top Posts: 461 | Registered: Jul 2006
| IP: Logged |
posted
GSHF has been in a complete tailspin lately. Watch this one closely if you plan on jumping in, they are really good at announcing PR's to pick them up, when they don't have much else going for them. They have been reorganizing many of their sub-companies to make a good appearance, but the money is not there behind them. I will say that the price can't go any lower unless they go bankrupt. So buy in low if you dare.
-------------------- "Courage is being scared to death - and saddling up anyway." - John Wayne Posts: 37 | From: St. Louis, MO | Registered: Mar 2007
| IP: Logged |
posted
Some news out today on sales. Might be a great day to play the news on gshf, gsct and all related sub companies. They are at all time lows now and news today will make it a GREEN day!
-------------------- "Courage is being scared to death - and saddling up anyway." - John Wayne Posts: 37 | From: St. Louis, MO | Registered: Mar 2007
| IP: Logged |
posted
Check out gsct, up 20% today on this same news!
-------------------- "Courage is being scared to death - and saddling up anyway." - John Wayne Posts: 37 | From: St. Louis, MO | Registered: Mar 2007
| IP: Logged |
AMBiodiesel Equipment Customers Approved to Receive Construction Bonding
NEW YORK, Jun 06, 2007 (BUSINESS WIRE) -- GS AgriFuels Corporation (GSGF) is pleased to announce that its NextGen Fuel, Inc. biodiesel equipment division recently received notice of approval for construction bonding capacity of up to $10 million per customer project. This bonding, which is being provided by International Bonding and Construction Services, Inc. through its Scarborough Bond and Guarantee Program, can be applied to projects within the United States or to US Government projects worldwide and will help reduce NextGen's customers' construction risk and facilitate project financings. NextGen Fuel, Inc., which offers five and ten million gallon per year biodiesel production systems based on its patent pending continuous flow biodiesel production technology, was acquired by GS AgriFuels in October 2006. NextGen's systems can produce ASTM specification biodiesel from a broad array of vegetable oils, animal fats, and waste greases. GS AgriFuels' President and CEO, Tom Scozzafava, stated "We are excited to have received this initial bonding commitment, and we are pleased to be able to offer this value added program to NextGen customers. We are also very aggressively seeking other value added components, such as captive equipment financing, which we expect will make it easier for qualified customers to get their projects out of the development stage and into production." About GS AgriFuels Corporation GS AgriFuels () was founded to produce and sell clean fuels from agriproducts in innovative ways. GS AgriFuels' business model is based on the manufacturing and sales of proprietary biodiesel equipment and the use of new technologies to produce biodiesel and ethanol from non-traditional feedstocks such as corn oil and cellulosic biomass through the utilization of several new proprietary technologies, including innovative desiccation, process intensification, gasification, catalytic, and carbon capture technologies, synergistically at small-scales to enable the refining of many forms of biomass into clean fuels at Integrated Multi-Fuel ("IMF") production facilities. GS AgriFuels is party to a merger agreement with, GS Energy Corporation (GSEG) pursuant to which holders of GS Energy common stock will receive 1 share of GS AgriFuels common stock for each 1,000 shares owned in GS Energy. The filings for this transaction are expected to be filed in June 2007. GS AgriFuels and GS Energy are both majority owned by GreenShift Corporation (GSHF), a company devoted to facilitating the efficient use of natural resources. Safe Harbor Statement This press release contains statements that 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 GS AgriFuels 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: GS AgriFuels Corporation GS AgriFuels Corporation212-994-5374Fax: 646-572-6336investorrelations*gs-agrifuels.comorInvestor Relations:CEOcast, Inc.Andrew Hellman, 212-732-4300orPublic Relations:Walek & AssociatesDeborah McCandless, 212-590-0523Fax: 212-889-7174dmccandless*walek.comCopyright Business Wire 2007
Posts: 81 | From: New Jersey | Registered: Apr 2005
| IP: Logged |
posted
They are probably diluting too much and the reason for the low pps.
140M O/S as of 3/31/07 113M O/S on 9/30/06
That's 27M new shares which neted them $3M over 6 months. No one knows what the O/S is now since 3/31, could be close to the 200M authorized by now.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
