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This is the biggest bottom player out there...this news may make it start its move back up!
NEW YORK, Apr 27, 2010 (BUSINESS WIRE) -- GreenShift Corporation (OTC Bulletin Board: GERS) today announced its execution of an agreement with Marquis Energy, LLC ("Marquis Energy"), pursuant to which GreenShift has granted Marquis Energy a license to use GreenShift's patented corn oil extraction technologies at Marquis Energy's 100 million gallon ethanol plant in Hennepin, Illinois.
Under the terms of the agreement, Marquis Energy will operate its existing facility based on GreenShift's patented corn oil extraction technologies. In addition, GreenShift will provide Marquis Energy with technical support, yield optimization and corn oil marketing services with a view towards maximizing the performance and benefits of Marquis Energy's existing corn oil extraction installation.
Mark Marquis, President and General Manager of Marquis Energy, stated that: "We are confident that the license with GreenShift is a win-win for both companies. The financial structure provides natural incentives for both Marquis Energy and GreenShift as we each gain from increased performance, yield and product value. GreenShift invented and patented its corn oil extraction processes, and the superior process knowledge and technical expertise of GreenShift's team is clear. In only a few weeks, GreenShift was able to review our currently installed equipment and implement a technical plan that included a series of adjustments to systematically improve the reliability and production of our existing extraction system. Current results indicate that GreenShift has more than doubled our oil yields. We believe that we will make more money with GreenShift than without."
David Winsness, GreenShift's Chief Technology Officer, added: "We could not be more pleased to earn Marquis' business and we are committed to deliver the level of excellence and value that Marquis expects."
GreenShift's technical services staff are available at 888-ETHANOIL or sales@greenshift.com to respond to quotation requests and to answer any questions about GreenShift's corn oil extraction and other technologies.
About Marquis Energy, LLC
Marquis Energy is a leading ethanol producer in the Midwest and the company was one of a few producers who were able to remain profitable through a turbulent 2008 and 2009 renewable fuel production environment. Marquis Energy's success is due to the experiences that the Marquis family's management team has gained from growing, buying and selling commodities since 1976, solid financial planning and a well seasoned operations and logistics team. These experiences have enabled Marquis Energy to be a top performer in the ethanol industry and allow continued growth and success moving forward.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies designed to address the financial and environmental needs of its clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions.
GreenShift's mission is to build shareholder value by using its technologies to catalyze disruptive environmental gain. GreenShift believes that the first, best and most cost-effective way to achieve this is to develop technology-driven economic incentives that motivate large populations of people and companies to make incremental environmental contributions that are collectively very significant. With adoption by most of the U.S. ethanol industry, GreenShift's commercially-available technologies can give way to disruptive gains by enabling sustainably increased production of globally-meaningful quantities of renewable fuels for distribution through existing supply chains.
GreenShift also maintains its strong commitment to continued innovation and has many additional patents pending for its Backend Fractionation(TM) portfolio of strategically-compatible cleantech designed to continue driving the corn ethanol industry into increased sustainability and global competitiveness.
Additional information on GreenShift and its technologies is available online at www.greenshift.com.
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 its 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.
KEYWORD: United States North America New York INDUSTRY KEYWORD: Energy Other Energy Manufacturing Other Manufacturing Environment SUBJECT CODE: Contract/Agreement Product/Service
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