great earnings check news acting weird though
Posted by keithsan on :
GreenShift Releases Second Quarter 2005 Financial Results Thursday August 18, 10:03 am ET Company Posts Net Income for Its First Quarter as a Business Development Company
MOUNT ARLINGTON, N.J., Aug. 18 /PRNewswire-FirstCall/ -- GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced its financial results for the quarter ended June 30, 2005, GreenShift's first quarter as a regulated business development company ("BDC") under the Investment Company Act of 1940. Selected Results of Operations
GreenShift's net income for the three months ended June 30, 2005, was $1,003,100, or $0.046 per share, including net investment income of $180,696, or about $0.008 per share, net unrealized appreciation of about $105,382, or about $0.005 per share, and unrealized appreciation from prior periods of $717,000, or about $0.033 per share. The following is a summary of selected financial data relating to GreenShift's results of operations for the three months ended June 30, 2005:
Three Months Ended 6/30/05 Net investment income $ 180,696 Net unrealized appreciation 105,382 Cumulative effect of conversion to BDC 717,000 Net income $ 1,003,078
Total assets $ 9,677,084 Total debt outstanding 4,679,892 Shareholders' equity 4,574,034 Net asset value per share $ 0.21
Portfolio and Investment Activity GreenShift's total portfolio at value and investment activity for the three months ended June 30, 2005, were as follows:
Three Months Ended 6/30/05 Portfolio at value $ 9,213,723 Investments funded 174,761 Change in accrued or reinvested interest and dividends 350,000 Principal collections related to investment repayments or sales -- Yield on interest-bearing investments --
Business Outlook "This past quarter was our first as a BDC and I believe that it was a successful one," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "We assisted our portfolio companies in their completion of acquisitions, refinancing of debt, and the implementation of improved business practices which lead to enhanced operating efficiencies. We also completed the first of our planned series of key investments based on our profitability and environmental impact goals.
Kreisler added: "We have a number of initiatives underway right now that are extremely exciting to me and that we expect will significantly increase our net asset value and produce realized gains from which we hope to pay out our first dividend at year end."
Conversion to Investment Company Accounting
The Company's results of operations for 2005 were divided into two periods. The period from April 1, 2005 through June 30, 2005 reflects the Company's results of operations after filing its election to be regulated as a BDC. Accounting principles used in the preparation of the financial statements beginning April 1, 2005 are different from those used for prior periods and, therefore, the financial position and results of operations for prior periods is not directly comparable, and are presented separately in the Company's Form 10QSB for the second quarter ended June 30, 2005, which will be filed later today. The primary differences in accounting principles from prior periods relate to the carrying value of investments
Posted by Raptorsrule on :
More news....
GreenShift Restructures Equity Holdings Monday August 22, 8:00 am ET Company's Common Stock Outstanding to be Reduced by about 47 Million Shares
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Aug. 22, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced that Kevin Kreisler, GreenShift's chairman and chief executive officer, has agreed to restructure his holdings in the Company effective September 30, 2005. ADVERTISEMENT
Kevin Kreisler, through his holding company, currently owns 47,440,678 shares of common stock, out of 75,267,506 currently outstanding. Mr. Kreisler also owns 1,000,000 shares of GreenShift Series B Preferred Stock. The preferred stock is convertible on January 1, 2007, into the lesser of 50,000,000 shares of common stock or that amount of shares of common stock such that, when taken with the balance of Mr. Kreisler's other common shares, Mr. Kreisler shall have no more than 80% of the issued and outstanding common stock of the Company at the time of conversion.
Mr. Kreisler has agreed to surrender the entirety of his common stock and his preferred stock. The surrender will eliminate Mr. Kreisler's 80% anti-dilution protections. All shares surrendered to GreenShift will be retired, which will reduce GreenShift's common stock outstanding to approximately 28 million shares at September 30, 2005.
In return, GreenShift will issue Mr. Kreisler a new class of preferred stock. The preferred stock will have a fixed face value equal to 80% of GreenShift's Net Asset Value ("NAV") on September 30, 2005. Mr. Kreisler's voting rights and preferences on dividend payments will remain fixed at 80% until conversion. The new class of preferred stock will be convertible into GreenShift common stock at a rate equal to GreenShift's NAV per share at the time of conversion. GreenShift's NAV per share was reported to be $0.21 per share in GreenShift's Form 10QSB for the period ended June 30, 2005.
"We are aggressively focused on completing investments that are accretive to our NAV and that enhance the intrinsic value of our existing portfolio holdings," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "I personally believe that GreenShift's market value will align itself with our NAV over time, even as our NAV increases in line with our planned growth. The new preferred has a fixed face value so the more successful GreenShift is in its efforts, and the higher GreenShift's NAV, the fewer shares I will receive on conversion - and I have no intention of converting anytime soon. My feeling therefore is that this structure more closely aligns my personal interests with the future value of GreenShift."
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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
Veridium Corporation; INSEQ Corporation; GreenWorks Corporation; GreenShift Industrial Design Corporation; Coriolis Energy Corporation; TDS (Telemedicine), Inc.; and, Ethanol Oil Recovery Systems, Inc.; Sterling Planet, Inc.; and, Ovation Products Corporation In addition, GreenShift hopes 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 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.
-------------------------------------------------------------------------------- Contact: GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@greenshift.com www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300 Fax: 212-732-1131 elewis@greenshift.com
Posted by patiencemaster on :
looks very good i will watch and when i get amazed i will jump in.
thx!
Posted by Raptorsrule on :
Still more news....looks great....
INSEQ Executes $30 Million Manufacturing Agreement Tuesday August 23, 7:56 am ET Company to Manufacture Proprietary Systems to Extract Corn Oil for Conversion into Biodiesel Fuel
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Aug. 23, 2005--INSEQ Corporation (OTC Bulletin Board: INSQ - News) today announced its execution of an agreement with Ethanol Oil Recovery Systems, LLC ("EORS"), to manufacture proprietary systems to extract crude corn oil from the evaporation area of dry mill ethanol facilities for further refining into biodiesel fuel. ADVERTISEMENT
EORS, a green technology development company, is the inventor of a new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels. EORS is a participant of a development partnership comprised of and managed by ethanol producers and plans to finance and construct a biodiesel production facility that will refine the crude corn oil and convert it into biodiesel fuels.
The EORS process will redirect an internal waste stream in dry mill ethanol facilities through EORS' proprietary extraction systems where crude corn oil is extracted and then prepared for shipment offsite for further refining. The extraction systems are the essential element of the EORS technology.
Under the terms of INSEQ's agreement with EORS, EORS has granted INSEQ right of first refusal rights relating to the manufacture of the extraction systems and any other manufacturing needs relating to the extraction systems. INSEQ expects the extraction systems to retail for about $1 million per system and that EORS and its affiliated entities will need in excess of 30 systems over the next 24 months, for total expected revenues of more than $30 million. INSEQ will manufacture the systems at its Ohio based specialty equipment manufacturing facility. The first of these systems are expected to ship during the fourth quarter of 2005.
Kevin Kreisler, INSEQ's chairman, said that "The EORS technology is an exciting and important advance that is designed to plug right into most ethanol producers' existing infrastructure. We see the EORS technology as a particularly potent example of how we can and should be using our natural resources better, and how we can be more profitable for it. These systems will generate additional revenue and increase earnings for ethanol producers, as well as for EORS and INSEQ, and they will enable the increased production of cleaner burning green fuels that can be expected to reduce demand for fossil fuels and reduce the generation of greenhouse gases."
Kreisler added: "GreenShift intends to facilitate profitable interaction between its portfolio companies as appropriate. This agreement is a significant development for both INSEQ and EORS and GreenShift expects to provide INSEQ with financing and any other support it needs as it gears up to meet EORS' needs over the coming months."
EORS and INSEQ are respectively 15% and 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), 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.
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, 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.
-------------------------------------------------------------------------------- Contact: INSEQ Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@inseq.com
Posted by keithsan on :
yep
Posted by Raptorsrule on :
moving....
Posted by keithsan on :
yep
Posted by cruz on :
whats the os and float?
Posted by Raptorsrule on :
Mr. Kreisler has agreed to surrender the entirety of his common stock and his preferred stock. The surrender will eliminate Mr. Kreisler's 80% anti-dilution protections. All shares surrendered to GreenShift will be retired, which will reduce GreenShift's common stock outstanding to approximately 28 million shares at September 30, 2005 Posted by Raptorsrule on :
More news....
If you have not DD'd this company yet...you should. EXCELLENT fundamentals.....IMHO it will soon be HUGE.
Ta looks pretty good right now too.....
INSEQ Executes License for Water Purification Technology; Company Secures Rights to Kitchen and Bath Water Applications of Proprietary New Clean Water Appliance Business Wire - August 30, 2005 08:00
MOUNT ARLINGTON, N.J., Aug 30, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced its execution of sub-license agreement with GreenShift Industrial Design Corporation for kitchen and bath water applications of Ovation Product Corporation's proprietary new water purification technology.
Ovation has invested over $9 million developing technology that offers dramatic price and performance advantages over competing clean water technologies. Ovation is finalizing the development of its initial product, the Clean Water Appliance - a fire-hydrant sized appliance that is expected to generate 25 gallons of pure water per hour from a variety of dirty water input sources at a cost of approximately $0.004 per gallon, or about 1.2% of the cost of traditional home distillation methods.
Ovation has shipped prototypes of the Clean Water Appliance to the United States Army and to its corporate partners and is in the process of finalizing its distiller design, and expects to be testing a commercially viable unit in the fourth quarter of 2005 which will sell for a fraction of the price of commercial distillation systems. Ovation has been granted 11 patents for its technology and system, and has filed for an additional 5 patents to date.
GreenShift Industrial Design Corporation ("GIDC"), a wholly owned subsidiary of GreenShift Corporation (OTC Bulletin Board: GSHF), recently executed a license agreement with Ovation for a number of applications of the new Ovation technology.
Under the terms of its agreement with GIDC, INSEQ has been granted the rights to the Ovation technology for the purpose of marketing and selling implementations of the Clean Water Appliance for the purification and reuse of waste kitchen and bath water, not including septic wastes, for a number of markets including the food services, hospitality, and residential markets. In return, GIDC will receive a one-time license fee from INSEQ in the form of a $500,000, non-interest bearing short-term note, and a royalty equal to 10% of all related sales by INSEQ.
"INSEQ's mission is to directly facilitate the more efficient use of natural resources," said Kevin Kreisler, INSEQ's chairman. "A key component of INSEQ's strategy is manufacturing and selling important and timely products that streamline the use of natural resources directly in the trenches - at the point source.
The Ovation technology is in my view an enabling technology that I personally believe has some pretty staggering potential. We are going to however start relatively small - this particular license is meant to address the issue of water conservation by providing consumers with the seamless and cost-effective ability to convert kitchen and bath washwaters into pure, reusable water. Additionally, INSEQ hopes to target a qualified kitchen and bath appliance distributor for acquisition to accelerate sales cycles, to secure management with an existing relationship and knowledge base, and to avoid burning cash while INSEQ deploys the technology."
Ovation, INSEQ and GIDC are respectively 9%, 70% and 100% owned by GreenShift Corporation, 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.
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.com
Copyright Business Wire 2005
Posted by Raptorsrule on :
Starting to move folks....
L2 looking strong...
News today and insider bought big on Monday....
29-Aug-05 KREISLER, KEVIN Beneficial Owner (10% or more) 3,324,306 Direct Private Purchase at $0.0628 per share. $208,766
GreenShift Executes Exclusive License for Patented 'Tornado Generator'; Radical New Process Technology Uses Supersonic Air to Atomize Wastes Business Wire - August 31, 2005 08:43
MOUNT ARLINGTON, N.J., Aug 31, 2005 (BUSINESS WIRE) -- GreenShift Corporation (OTC Bulletin Board: GSHF) today announced the execution by its wholly-owned subsidiary, GreenShift Industrial Design Corporation ("GIDC"), of an Exclusive License Agreement with Vortex Dehydration Technology, LLC ("VDT"), for certain applications of VDT's patented and patent-pending Windhexe technology (the "Technology").
The Technology 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.
Invented by Kansas based farmer and inventor, Frank Polifka, the Technology is robust and cost-efficient enough to process most conventional wastes at both centralized disposal facilities and decentralized point-sources. The Technology is also capable of direct implementation in manufacturing, mining, and refining processes.
Under the terms of the license agreement, GIDC has been granted certain exclusive rights in return for the payment to VDT of a one-time license fee of 1,000,000 shares of restricted GreenShift common stock, and royalty fees equal to 3% of all gross revenue GIDC generates from the Technology.
"GreenShift's goal is to make it easy and cost-effective for people and businesses to reduce waste and recycle more. This concept is the basis of many of our development plans, and it is the reason why we formed GreenShift Industrial Design," said Kevin Kreisler, GreenShift's chairman and chief executive officer.
"I am fascinated by the Vortex technology," added Kreisler. "I have personally extensively researched a great many green technologies and I believe that this technology has staggering application potential because it is robust, it can process a very broad spectrum of materials, it is cost-effective to operate, and it is very scalable - which is extremely important."
GIDC is a pre-revenue company that focuses on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. GIDC plans 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.
"Our view is that the Tornado Generator is another 'killer-app' green technology," added Kreisler. "It is capable of reducing the volume of trash by upwards of 90%. It separates petroleum hydrocarbons and other organics from contaminated soils in a nearly instantaneous process that returns clean dirt to the land and allows the organic wastes to be recovered conventionally. And, it flash desiccates and reduces the volume of septic, industrial and hazardous sludges by as much as 80%. While there are many other examples, GIDC will be focusing on a few specific processes that we feel are likely to result in cash flows."
GIDC initially plans to target key waste and other industrial processing facilities for rapid deployment of specific applications of the Tornado Generator bundled with GIDC's other licensed technologies, such as Ovation Products Corporation's patented water purification technology.
GIDC also plans to rely on the design and manufacturing services of fellow GreenShift portfolio company, INSEQ Corporation (OTC Bulletin Board: INSQ) to manufacture the equipment necessary to implement the initially targeted applications Technology. GIDC expects that the first systems that will be sold to waste and other industrial processing facilities will be moderately large systems that will sell for about $800,000 per system.
Under the terms of the License Agreement, and subject to certain exclusions, GIDC has been granted exclusive rights for certain applications of the Technology relating to the GreenShift Applications, or any and all use of the Technology relating to the following:
GreenShift Wastes and By-products:
-- Wastes that are hazardous or otherwise harmful to human and animal health and the environment;
-- Wastes that are water and/or wastewater (including sedimentary and/or septic material);
-- Wastes that are partially used or discarded metals, chemicals, fuels, plastics, composites, glass, paper, food products and electronics; and
-- Wastes that are or derive from mining waste tailings.
Mining Processes
-- The extraction, processing, separation and/or refining of Wastes and/or Commodities that are solids, liquids and gases.
Industrial Design Services
-- All applications relating to the use of the Technology in the provision of design and engineering or other services relating to the use of the Technology.
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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
In addition, GreenShift hopes 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 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 Ovation Products 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
GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@greenshift.com www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300 elewis@ceocast.com
Copyright Business Wire 2005
Posted by Raptorsrule on :
closed at .075..broke the 50 day MA...Nice little EOD run.....chart looking great for tomorrow
[ August 31, 2005, 22:03: Message edited by: Raptorsrule ]
Posted by BuyTex on :
*bump*
Posted by Raptorsrule on :
gapping up....
Posted by Raptorsrule on :
Mooovin..... Posted by Raptorsrule on :
up 40% and NITE just keeps raising the bid
Posted by Raptorsrule on :
Anyone get in this? Check the chart...when she moves she moves....look at the prior 5 day run....
Posted by Raptorsrule on :
L2 Bid is building..looking like the afternoon run is coming soon...
Posted by Raptorsrule on :
New HOD...up 66%
Posted by Raptorsrule on :
NICE close! Up 80%. Going up big time tomorrow again IMHO.....
Nice pick Keith!
Posted by Raptorsrule on :
Didn't run big today but up 4.4% none the less.
All buys at the close with last sale of .15 at 16:03 (up 11.11%)
Posted by Raptorsrule on :
This ones not done imho......looks like a rule breaker....fundamentals are awesome......50 cents is not unrealistic....
gaps up in the am......
Posted by Raptorsrule on :
Boom...this news is wonderful! gapping as we speak.....
GreenShift CEO Purchases 3.1 Million Shares of Common Stock; Executive To Return Shares to Company's Treasury Effective September 30th Business Wire - September 06, 2005 09:15
MOUNT ARLINGTON, N.J., Sep 06, 2005 (BUSINESS WIRE) -- GreenShift Corporation (OTCBB:GSHF) today announced that its chairman and chief executive officer, Kevin Kreisler, purchased 3.1 million shares of GreenShift common stock and has filed Form 4 with the Securities and Exchange Commission. In addition, Mr. Kreisler has agreed to surrender the shares to GreenShift, for retirement, effective September 30, 2005.
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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
In addition, GreenShift hopes 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 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 Ovation Products 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
GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@greenshift.com www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300 elewis@ceocast.com
Copyright Business Wire 2005
Posted by Raptorsrule on :
.20 is going fast.....up 44% today..
Posted by Raptorsrule on :
whew....
sold today at .22 for a triple and then some....
Looking at the chart there is a gap at .158. I'm hoping they attempt to fill it tomorrow cuz I'll be buying this one back....don't think it's anywhere near done....we shall see.
.158 gap just filled...this should resume it's climb now.
back in at .16
Posted by dishgal1 on :
Got in yesterday at .165.....hoping for a double at least. Thanks Raptor. Should have listened to you the first go around.
Posted by keithsan on :
good price dish.
rapt, nice job on this thread. LOL didn't realize there was so much hoooopla Posted by Raptorsrule on :
Keith...no problem....excellent pick my man.....this one can be huge I think....Thanks again.
Posted by keithsan on :
those revenues hold true and it will be.
Posted by Raptorsrule on :
No doubt....
Nice close today....next week should be great....
Posted by Raptorsrule on :
Moving nicely today!
Posted by Raptorsrule on :
Zoom Zoom....up 45%
Posted by dishgal1 on :
I sold half at .29..........holding the rest...
Posted by Raptorsrule on :
Way to go Dish.....ride those free shares....
Posted by vg on :
mother and son rule this stock LOL
Posted by R1Man on :
quote:Originally posted by dishgal1: I sold half at .29..........holding the rest...
I would take the full 48% gain if I was you.
Posted by Raptorsrule on :
Well R1....look at the chart over the past 2 weeks....thanks for the advice though....
Posted by Raptorsrule on :
picking up steam again....looking like a strong close....
Posted by dishgal1 on :
Mother and son.....yep!
Here we go into the close. Raptor found this one and he knows his head will be on a plate if he steers me wrong. LOL
Posted by dishgal1 on :
Mother and son? So true, no one got on board with us. As for taking the 48% gain, I would if I thought this was finished. If I am right we should go higher in the AM......then I will be looking to sell again. Raptor found this one and he knows his head will be on a plate if he steers me in the wrong direction. LOL dishgal1
Posted by rider3160 on :
this is going higher
Posted by dishgal1 on :
This is just way too cool......
Posted by Raptorsrule on :
New HOD! up 79%
Posted by Raptorsrule on :
BTW...Keith found this one.....
Posted by dishgal1 on :
Keith where are you?
Posted by vg on :
Where have u been dish?? Lost for a couple of months, did rapt drag u into this one??
Posted by dishgal1 on :
Yep he did. LOL..........I have been taking a little of the summer off.....not trading. After Gluv I needed a break. LOL
Posted by bdgee on :
I jumped into this before close....up already....hope I don't jinx it for yaw'll....
Posted by Raptorsrule on :
Yeah baby....closed at hod at .37
gapping in the AM...... Posted by dishgal1 on :
Well....someone thru 300,000 shares through at .2515 after the close. Must have been a misprint?
Posted by bdgee on :
I have two sources of L2s and that 300,000 shares at .2515 only showed on one of them????? Holding solid at now.
Posted by dishgal1 on :
Well, folks, I am beginning to wonder if this thing could just keep going. Any thoughts?
Posted by Raptorsrule on :
LOL...yeah...I think it will keep going....
EXCELLENT chart....for tomorrow.... volume is rockin':
looking very good today
Posted by Raptorsrule on :
trying for a flip now....
Posted by dishgal1 on :
I'm out...looking for a reentry point.
Posted by rider3160 on :
L2's are thin once the selling stops this will jump back up
Posted by Raptorsrule on :
Looks like I'm going to wait until tomorrow to buy back in.....
Posted by dishgal1 on :
Looks like we may get a buying op today or tomorrow. Good luck all.
Posted by Raptorsrule on :
I think the dip is over....back in at .25
Posted by dishgal1 on :
Back in at .251
Posted by Raptorsrule on :
Moving back up..... Posted by Raptorsrule on :
Building up some steam.....I really like this stock....
Posted by Raptorsrule on :
Looking strong folks....if ya want in ya better get in.....climbing through lunch...
Posted by Raptorsrule on :
ZOOM ZOOM!
Posted by Raptorsrule on :
wow...I think it's gonna break out....
KO flight controller....you are cleared for 3rd stage seperation.....LOL...
GOOOOOO GSHF
Posted by dishgal1 on :
Let's not get too uppity....LOL we don't want a crash.....Sure looking good...
Posted by Raptorsrule on :
Ok....the gap at .19 is filled....I'm back in....
Posted by dishgal1 on :
Me too at .204 the best I could get.
Posted by vg on :
I had to get in with the mother - son duo this time, U beat me to it dish, .205
Posted by dishgal1 on :
Raptor has read the chart on this one right every time...I have to give him credit. Hopefully it will continue.....or else. LOL
[ September 19, 2005, 14:16: Message edited by: dishgal1 ]
Posted by vg on :
Yeah Dish, he was on Sirius satellite radio saying what small stocks buy and sell. I forgot what channel it was but i'd played a couple of his picks and they were good. Hopefully this one continues.
Posted by vg on :
sorry was supposed to be a PM ignore the message
Posted by Raptorsrule on :
INSEQ Acquires Separation and Recovery Technologies, Inc.; Acquisition Includes Exclusive License to Argonne National Laboratory's Plastic Waste Separation Technology Business Wire - September 19, 2005 14:38
MOUNT ARLINGTON, N.J., Sep 19, 2005 (BUSINESS WIRE) -- 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.
SOURCE: INSEQ Corporation
INSEQ Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@inseq.com www.inseq.com
Copyright Business Wire 2005
Posted by Raptorsrule on :
Just a heads up....someone just bought 803,500 shares at .208 at 15:04:31= $167,128…..WOW….someone likes it:)
Posted by dishgal1 on :
chart just formed a hammer....trend reversal....??? Bet we go up tomorrow....Yeah!
Posted by Raptorsrule on :
yep.....hammer time:)
Posted by Raptorsrule on :
Folks....look at this chart.....perfect set up for the next leg up.....read this thread and understand what the os will be by sept 30th....news due this week.
This should do very nicely tomorrow....mho
Posted by Raptorsrule on :
gapping up:)....bid .23 ask .24
Posted by Raptorsrule on :
99% buys here today....looking strong...check the chart....
Posted by Raptorsrule on :
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
Posted by rider3160 on :
should continue up
Posted by Raptorsrule on :
gapping.....hard...looks like she's gonna blow...
Posted by Catch22 on :
blow up? or .. down?
heh
Tom << just sold all of his Allstate lookin to go into something that wont get sued over hurricans heh
Posted by Raptorsrule on :
quote:Originally posted by Catch22: blow up? or .. down?
heh
Tom << just sold all of his Allstate lookin to go into something that wont get sued over hurricans heh
Moving up at the EOD again....I have a feeling this may do VERY well tomorrow...IMO
Posted by jimbo1969 on :
News:
GreenShift Appoints Lt. Commander John Davis to Head Tornado Trash Corporation 9/26/2005 8:03:01 AM
MOUNT ARLINGTON, N.J., Sep 26, 2005 (BUSINESS WIRE) -- GreenShift Corporation (GSHF) today announced the appointment of Lt. Commander John "Whit" Davis as its chief executive officer to head GreenShift's new wholly-owned portfolio company, Tornado Trash Corporation,.
Lt. Commander Davis has a broad base of diversified management, engineering, operational and business development experience. Most recently, Lt. Commander Davis was the technical director for special projects at Vortex Dehydration Technology, LLC, where he led product design, development and implementation for many applications of the technologies underlying GreenShift's Tornado Generator(TM).
Lt. Commander Davis is a reservist with the U.S. Coast Guard, where one of his primary duties is the sourcing of disaster relief resources for disaster areas in the gulf coast region. Lt. Commander Davis has a B.S. in Civil Engineering from the Coast Guard Academy and an M.B.A from Boston University.
Kevin Kreisler, GreenShift's chairman and chief executive officer, said that "We are very pleased to have Whit on our team. We expect that his special projects background and experience with the U.S. Coast Guard will be particularly useful in the coming months as we gear up to mobilize our Tornado Generator(TM) for debris management in the afflicted gulf coast region. We are already working with contractors in the region with a view towards deployment of a commercial scale test system in the region within the next 45-60 days and we expect that Whit's training and experience will be critical to our efforts."
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, odourless, 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 Tornado Trash Corporation
Tornado Trash Corporation ("TTC") is a development stage company whose focus is to develop and deploy innovative green technologies designed to minimize and eliminate the practice of landfill disposal by converting trash into valuable metals, chemicals, plastics, fuels and energy. TTC will focus on centralized applications of its technologies at, for example, landfills and transfer stations, and decentralized applications of its technologies in new green appliances positioned to residential and commercial consumers. GreenShift plans to take TTC public in the fourth quarter this year and intends to pay a dividend of the newly public TTC shares to GreenShift shareholders at that time.
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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
-- Veridium Corporation (VRDM);
-- INSEQ Corporation (INSQ);
-- GreenWorks Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- GreenShift Industrial Design Corporation;
-- Coriolis Energy Corporation;
-- Sterling Planet, Inc.;
-- TerraPass Inc.; and,
-- TDS (Telemedicine), Inc.;
In addition, GreenShift hopes 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 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
GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 Email: investorrelations@greenshift.com Web: www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300 elewis@ceocast.com
Copyright Business Wire 2005
Posted by jimbo1969 on :
Can you imagine if NJ could just turn all their garbage into dust.., WOW I really hope they do something here as I am tired of NJ and NY giving us folk in PA all their garbage:-)
Posted by jimbo1969 on :
More news:
INSEQ Restructures Equity Financing 9/26/2005 10:00:05 AM
MOUNT ARLINGTON, N.J., Sep 26, 2005 (BUSINESS WIRE) -- INSEQ Corporation (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 (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
Posted by jimbo1969 on :
News:
Mean Green BioFuels Exceeds ASTM Specifications 9/27/2005 9:09:01 AM
MOUNT ARLINGTON, N.J., Sep 27, 2005 (BUSINESS WIRE) -- GreenShift Corporation (GSHF) today announced that its portfolio company, Mean Green BioFuels Corporation, has certified its biodiesel product to exceed all ASTM-6751-03 standard specification limits.
Biodiesel is a legally registered fuel and fuel additive with the U.S. Environmental Protection Agency ("USEPA"). The USEPA registration includes all biodiesel meeting the ASTM International biodiesel specification, ASTM D 6751-03, which outlines specifications for B100 biodiesel for use as a blend component or substitute for standard diesel fuel. Mean Green's B100 biodiesel exceeds the ASTM specifications - a result that confirms the quality of biodiesel produced from Mean Green's patented corn oil extraction technology.
David Cantrell, chief executive officer of Mean Green BioFuels explains, "Not only are able to procure high volumes of low cost oil out of what was previously a waste stream for ethanol producers with our technology, but we are able to refine biodiesel fuel at a quality exceeding the ASTM specifications for standard use. This result is very important for us because it allows us to certify the quality of our product to our customers - as well as prospective investors for Mean Green's intended new biodiesel production facility."
Mean Green BioFuels intends to finance, build and operate a 30 million gallon biodiesel fuel production facility on the eastern seaboard of the United States. Mean Green BioFuels plans to site its new facility in the middle of a highly industrialized geography that has not historically had access to cleaner burning fossil fuel alternatives.
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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
-- Veridium Corporation (VRDM);
-- INSEQ Corporation (INSQ);
-- GreenWorks Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- GreenShift Industrial Design Corporation;
-- Coriolis Energy Corporation;
-- Sterling Planet, Inc.;
-- TerraPass Inc.; and,
-- TDS (Telemedicine), Inc.
In addition, GreenShift hopes 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 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
GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 Email: investorrelations@greenshift.com Web: www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300
Copyright Business Wire 2005
Posted by podcaster on :
GSHF == JUST A HEADS-UP TO ALL... this one may or may not be a good play.... i'll probably be dropping by during October to see how it's doing... and i'll be commenting on how mm's are reacting to boycott... i'm rooting for you if you're successfully playing it, since that hurts the mm's ... i'm also rooting for you if you're in on the october A-G boycott october boycott thread on this board good luck to you! Posted by <heythere> on :
News:
INSEQ Executes Strategic Alliance with TerraPass; Company to Distribute Innovative New TerraPasses Through INSEQ's New Green Trading Platform 10/11/2005 8:17:01 AM
MOUNT ARLINGTON, N.J., Oct 11, 2005 (BUSINESS WIRE) -- INSEQ Corporation (INSQ) today announced its execution of a strategic alliance with TerraPass, Inc., a development stage company that allows consumers to offset their car's emission of greenhouse gasses.
TerraPass is a twist on of the concept of pollution markets, which allow consumers to subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources. These markets are generally not available to everyday consumers who may be concerned about the pollution their cars emit. TerraPass changes this by purchasing carbon dioxide credits and renewable energy certificates ("RECs") on behalf of its customers that subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources.
Pursuant to the terms of the agreement, INSEQ will sell TerraPasses through INSEQ's planned new secondary commodities exchange, which is currently in development and is expected to launch later this year. A "TerraPass" is a decal that is certified to eliminate the equivalent of a single car's carbon dioxide emissions.
The average car travels 12,000 miles per year and, at the rate of about 20 pounds of carbon dioxide per gallon of gasoline burned, pumps out about 10,000 pounds of carbon dioxide annually, or about three times the weight of the car each year. On today's market, TerraPass can effectively scrub that pollution from the environment for about $50 per year.
TerraPass
TerraPass is a service that aids in eliminating personal vehicle contributions to global warming. By issuing a "TerraPass" to its members, TerraPass utilizes its members' contributions to promote global energy efficiency and greenhouse gas reduction through targeted projects. It is through these clean energy projects that TerraPass counterbalances pollution from its members' vehicles.
INSEQ's Revenue Model
INSEQ plans to generate revenue from the new platform in the form of transaction fees, but also by making a market in key high-volume liquid subsets of green commodities, including certain metals, chemicals, fuels, plastics and - as is the case here - renewable energy in the form of TerraPasses.
"INSEQ believes that TerraPass' branding brilliantly takes the intangible concept of RECs and carbon credits and makes them tangible and approachable," said Kevin Kreisler, INSEQ's chairman. "INSEQ anticipates that this will result in relatively quick rates of market penetration, and INSEQ hopes to generate additional earnings by helping TerraPass move its product to market. INSEQ's key initial goal here is to expand the breadth and depth of TerraPass' reach in the retail residential markets."
TerraPass and INSEQ are both portfolio companies of GreenShift Corporation (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.
Kevin Kreisler, who is also the chairman and chief executive officer of GreenShift, added: "We are excited by the prospects of INSEQ planned new trading platform. This pact with TerraPass is important because TerraPasses and other green tag offerings are going to be among the first commodities that INSEQ makes a market in when the INSEQ exchange launches later this year."
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 (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.
Copyright Business Wire 2005
Posted by <heythere> on :
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INSEQ Releases Shareholder Letter 10/11/2005 10:22:04 AM
MOUNT ARLINGTON, N.J., Oct 11, 2005 (BUSINESS WIRE) -- INSEQ Corporation (INSQ) chairman, Kevin Kreisler, issued the following correspondence to its shareholders today:
Dear Shareholders:
A number of exciting developments have occurred since our last communication that we view as critical to our ongoing development and growth. These developments include the following:
-- The execution of an agreement to acquire Independent Metal Sales, Inc., which will bring INSEQ to an estimated $21 million in annualized revenue and $2.1 million in EBITDA;
-- The execution of a letter of intent to acquire a Specialty Metal Manufacturer ("SMM"), which is expected to add another $2 million in annualized revenue with better than 10% EBITDA;
-- The completion of INSEQ's acquisition of Separation and Recovery Technologies, Inc. ("SRT") which holds the rights to a new patented technology developed by Argonne National Laboratory under a contract with the U.S. Department of Energy that preferentially separates plastics from mixed plastic wastes;
-- The execution of manufacturing agreements with Ethanol Oil Recovery Systems, LLC, Mean Green BioFuels Corporation, Ovation Products Corporation, and Tornado Trash Corporation, each of which agreements call for the first refusal rights relative to INSEQ's manufacturing of equipment and appliances based on each of their respective patented and proprietary green technologies;
-- The execution of Strategic Alliances with Sterling Planet, Inc., and TerraPass, Inc., under which agreements INSEQ will sell RECs and TerraPasses through INSEQ's planned new secondary commodities exchange;
-- The execution of a Green Technology Prototyping and Manufacturing Agreement with GreenShift Industrial Design Corporation ("GIDC") through which INSEQ will manufacture and distribute GIDC's planned line of residential and commercial recycling and waste reduction appliances and equipment;
-- The execution of a sub-license agreement with GIDC for certain applications of Ovation Product Corporation's proprietary new water purification appliance, under which INSEQ plans to develop and sell appliances for the purification and reuse of waste kitchen and bath water, not including septic wastes, for a number of markets including the food services, hospitality, and residential markets; and,
-- The restructuring of our various debentures and the cancellation of about 350 million shares of INSEQ common stock and warrants exercisable into 300 million shares of INSEQ common stock at $0.001 per share.
INSEQ's business model is based on activities where the Company directly facilitates the more efficient use of natural resources. Its strategy includes the manufacturing and sale of equipment and appliances based on proprietary green technologies, the distribution of primary and secondary commodities, direct production as appropriate of selected metals, chemicals, plastics and fuels, and various forms of technology licensing.
INSEQ has recently executed an amendment to its Green Technology Prototyping and Manufacturing Agreement with GIDC to include a blanket sub-license to GIDC's package of existing and new green technologies, including GIDC's Tornado Generator(TM) and water purification technologies. This is an important development because INSEQ plans to directly use relevant technologies to accelerate returns on its investments in future acquisitions by reducing the targets' operating costs and increasing their sales. If the Company is successful, and it structures its acquisitions with this in mind, it should be able to acquire more companies, assets and earnings with less capital.
On the issue of the Company's capital structure, while we made positive strides during the third quarter with the elimination of about 650 million shares of common stock and warrants, our growth plans require us to seek out new opportunities to achieve similar results. We have accordingly cancelled certain financing agreements, restructured the planned financing for our pending acquisition of Independent Metal Sales, which is slated to close this quarter, and we expect to restructure GreenShift's 70% stake in INSEQ.
GreenShift holds a dilution protected 70% stake in INSEQ that currently amounts to about 3.0 billion shares of INSEQ common stock. GreenShift has agreed to cancel its dilution protections and convert the entirety of its common stock into a new class of preferred stock. This new preferred stock will have a fixed face value equal to 70% of INSEQ's intrinsic value on December 31, 2005. GreenShift's voting rights and dividend preference will remain fixed at 70% until conversion. The new class of preferred stock will be convertible into INSEQ common stock at the lesser of $0.01 per share or 80% of the market price at the time of conversion. The conversion of GreenShift's stake can be expected to decrease INSEQ's common stock outstanding by about 3 billion shares.
I am hopeful that these changes will collectively help to enhance the impact of our pending and targeted new acquisitions and other growth initiatives on our overall shareholder wealth.
We are pleased with INSEQ's progress and we are very enthusiastic about our prospects for growth. We are grateful for your continued support and involvement. I look forward to our next communication.
Best Regards,
Kevin Kreisler
Chairman
INSEQ Corporation
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 (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.com
Copyright Business Wire 2005
Posted by jimbo1969 on :
News:
GreenShift Releases Video of Prototype Tornado Generator(TM) in Action 10/19/2005 7:42:01 AM
MOUNT ARLINGTON, N.J., Oct 19, 2005 (BUSINESS WIRE) -- GreenShift Corporation (GSHF) today announced its release of footage of an early-stage prototype of one of the technologies used in certain applications of GreenShift's proprietary Tornado Generator(TM) technology.
GreenShift's 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 videos, which were made available on GreenShift's website today, www.greenshift.com, are brief clips of a device called the Windhexe in action several years ago. Invented by Kansas-based farmer and inventor, Frank Polifka, to improve the processing of poultry wastes, the Windhexe is one of the more innovative implementations of the concept of harnessing the relative power of a tornado for use in industrial applications, and it is one of the technologies used in certain applications of GreenShift's proprietary Tornado Generator(TM) technology.
The current generation of GreenShift's proprietary Tornado Generator(TM) is a completely contained system with no internal moving parts that is powered by compressed air. It can safely and 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.
Kevin Kreisler, GreenShift's chairman and chief executive officer, said that "We believe, when properly channelled, that the natural dynamics of a contained tornado system have the potential to enable transformative environmental gains. The physics of this technology are pretty amazing and we continue to be very impressed by its application potential. We hope you enjoy watching the raw power of the original Windhexe technology in action in the video footage on our website, and we look forward to providing additional updates soon on the status of the current generation of the technology."
To access the video, logon to the "Confidential Content" section of the GreenShift website and enter "TAZ0001" for both the User ID and the Password.
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. A mobile system based on the technology is currently in development for deployment in the gulf coast region to demonstrate the dramatic capabilities of the technology.
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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
-- Veridium Corporation (VRDM);
-- INSEQ Corporation (INSQ);
-- GreenWorks Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- GreenShift Industrial Design Corporation;
-- Coriolis Energy Corporation;
-- Sterling Planet, Inc.;
-- TerraPass Inc.; and,
-- TDS (Telemedicine), Inc.;
In addition, GreenShift hopes 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 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
GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations*greenshift.com www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300
Copyright Business Wire 2005
Posted by Raptorsrule on :
This is moving on news.....chart looks good...
Posted by Raptorsrule on :
bought this back today at .115....had a real nice close. This one can move fast...
Posted by kywee on :
gapping
Posted by keithsan on :
quote:Originally posted by Raptorsrule: bought this back today at .115....had a real nice close. This one can move fast...
nice buy, missed it this time Posted by Raptorsrule on :
gapping...ask at .15
Posted by jimbo1969 on :
up 19%
GreenShift Acquires Stake in Electronic Scrap Recycling Corporation; Company is Developing Proprietary New Ferrofluid Recycling Process 11/29/2005 8:51:01 AM
MOUNT ARLINGTON, N.J., Nov 29, 2005 (BUSINESS WIRE) -- GreenShift Corporation (GSHF) today announced its acquisition of an 80% stake in Electronic Scrap Recycling Corporation ("ESRC"), an Indiana-based full service recycler of electronic components.
Under the terms of its agreement with ESRC, GreenShift acquired 80% of ESRC's outstanding stock and received certain commercial rights in return for 1.6 million shares of GreenShift common stock and GreenShift's provision of technology rights, strategic business development and other services.
E-Waste Recycling
Obsolete electronic equipment is a rapidly expanding problem in today's economy. As technology continues to make significant leaps, the life cycle of electronic products shortens dramatically. The National Safety Council estimates that over 500 million obsolete computers will be discarded in the United States alone. Additional electronic devices such as cell phones, office machines and a host of other products present problems not only to the environment, but to the businesses, individuals and organizations that must deal with their disposal. In addition to the bulk materials such as plastic and steel, electronics also contains significant amounts of toxic materials including lead, mercury, arsenic, chromium and more.
ESRC currently provides full service electronic waste ("e-waste") recycling, logistics and Certified Data Destruction services to public and private sector clients out of its 125,000 square foot facility in Elkhart, Indiana.
Ferrofluid Separation
ESRC is developing a proprietary new ferrofluid process that is capable of preferentially separating targeted compounds from a mixed solid waste stream. Ferrofluids are liquids that are comprised of nanoscale magnetic particles suspended in a carrier fluid and exhibit novel properties when exposed to specific magnetic fields. Conductivity, viscosity and volatility can all be manipulated through the selection and sizing of the particles and the application of specific magnetic fields.
Importantly, ESRC's ferrofluid process can enable the preferential separation of targeted compounds out of a mixed micron sized powder. This can be important because GreenShift's Tornado Generator(TM) technology cost-effectively grinds, desiccates, and atomizes solid and liquid wastes and other materials into micron sized powders.
ESRC plans to use its ferrofluid process, the Tornado Generator(TM) technology, GreenShift's existing plastics and metal separation and other technologies, and some conventional process technologies to dramatically decrease capital costs and improve operating efficiencies for processing e-wastes.
Brett Oliphant, ESRC's chief executive officer, said that "Our view is that the e-waste recycling industry is becoming a commodity-driven business. Tipping fees will eventually give way to commodity sales as the value of the plastics and metals in e-waste begins to govern the economics of the industry. We believe that, when this time comes, the relative operating efficiencies of e-waste processors will define who survives and who does not. Our strategic plan therefore is to invest in technologies that drive operating costs down while we acquire small- to medium-sized e-waste brokers and processors to consolidate volume. We believe that GreenShift will help us on both fronts and we are very excited to have their support."
"E-waste recycling is a compelling challenge that we intend to address with our investment in ESRC," added Kevin Kreisler, GreenShift's chairman and chief executive officer. "ESRC's existing volumes of e-waste and positive cash flows are strategic to our existing technologies, their technology has some fascinating potential, their approach to the market is dead on, and their business presents us with a platform to acquire significant market share. We are excited by this investment and we intend to provide ESRC with the resources it needs as it scales its business."
Technology and Manufacturing Rights
Under GreenShift's agreement with ESRC, ESRC will assign its technologies and intellectual property rights to GreenShift Industrial Design Corporation ("GIDC"), a wholly owned GreenShift company, who will in turn provide ESRC with non-exclusive license rights to all current and future GIDC technologies, including its Tornado Generator(TM) and plastic waste separation technologies.
GreenShift's agreements with ESRC also provide for right of first refusal manufacturing rights to ESRC's planned new e-waste recycling equipment and products for INSEQ Corporation (INSQ), another GreenShift portfolio company.
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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
-- Veridium Corporation (VRDM);
-- INSEQ Corporation (INSQ);
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- Ethanol Oil Recovery Systems, LLC;
-- Sterling Planet, Inc.;
-- TerraPass, Inc.;
-- Aerogel Composite, Inc.;
-- Air Cycle Corporation;
-- Electronic Scrap Recycling Corporation;
-- Coriolis Energy Corporation;
-- Hugo International Telecom, Inc.; and,
-- TDS (Telemedicine), Inc.
Additional information regarding GreenShift Corporation 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 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
GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations*greenshift.com www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300
Posted by uprightdeb on :
News out!
MOUNT ARLINGTON, N.J., Dec 01, 2005 (BUSINESS WIRE) -- GreenShift Corporation (GSHF, Trade) today announced that the early-stage prototype of one of the technologies used in certain applications of GreenShift's proprietary Tornado Generator(TM) technology was awarded patent protection this week.
GreenShift's 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 patent was awarded for a device called the Windhexe that was invented by Kansas-based farmer and inventor, Frank Polifka, to improve the processing of agricultural wastes. The Windhexe is one of the more innovative implementations of the concept of harnessing the relative power of a tornado for use in industrial applications, and it is one of the technologies used in certain applications of GreenShift's proprietary Tornado Generator(TM) technology. GreenShift Industrial Design Corporation ("GIDC"), a wholly owned GreenShift company, holds an exclusive license for certain applications of the Windhexe.
The current generation of GreenShift's proprietary Tornado Generator(TM) is a completely contained system with no internal moving parts that is powered by compressed air. It can safely and 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.
David Winsness, GIDC's chief executive officer, said that "The Windhexe patent is the culmination of the ingenuity and many years of hard work of Frank Polifka and he should be commended for inventing what we are convinced is a 'killer-app' green technology. The efficiency of a great many processes that seek to grind, shred, pulverize, atomize, mix, and/or dry solid or liquid media, and not just waste materials, can be improved with our technology. Pilot versions of the technology have been and continue to be tested in industries as diverse as food products manufacturing, coal processing, trash processing, sewage sludge processing, metal mining, agricultural waste processing. We intend to demonstrate its commercial viability in the immediate term as we surgically target and deploy sewage, trash, food products, consumer electronics, and debris management applications."
Videos of the Windhexe technology are available for viewing online at www.greenshift.com. To access the video, logon to the "Confidential Content" section of the GreenShift website and enter "TAZ0001" for both the User ID and the Password.
Posted by Toolguy on :
More news out on this.Just bought in at .108
Posted by Raptorsrule on :
up nicely today...closed at HOD....should gap in the AM
Posted by Toolguy on :
Moving up here in the am
Posted by <INSQ> on :
GreenShift Transfers Stake in Electronics Recycling Company to INSEQ Corp 12/20/2005 11:50:01 AM
MOUNT ARLINGTON, N.J., Dec 20, 2005 (BUSINESS WIRE) -- GreenShift Corporation (GSHF) today announced its plans to transfer its 80% stake in Electronic Scrap Recycling Corporation ("ESRC"), an Indiana-based full service recycler of electronic components, to INSEQ Corporation (INSQ).
MARKETWATCH TOP NEWS U.S. stocks flat in morning; year-end rally in question Housing starts up 5.3% in November U.S. Nov. PPI has biggest drop in 31 months Transit strike snarls NY City; judge issues injunction Consumers' top holiday purchase? Improving the home
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GreenShift expects the transfer to occur immediately after its acquisition of ESRC stock, which is planned to close this week. GreenShift, who currently owns about 70% of INSEQ, will receive additional INSEQ common shares equal to an additional 5% stake in INSEQ in return for the transfer.
ESRC currently provides full service electronic waste ("e-waste") recycling, logistics and Certified Data Destruction services to public and private sector clients out of its 125,000 square foot facility in Elkhart, Indiana.
"This transfer is an important part of our plans to consolidate the activities of a number of GreenShift's portfolio companies based on their respective core competencies," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "INSEQ's business model is to directly facilitate the more efficient use of natural resources. Essential elements of this are building and selling innovative green products and enabling the resale of secondary materials. Our investment in ESRC is strategic to both."
E-Waste Recycling
Obsolete electronic equipment is a rapidly expanding problem in today's economy. As technology continues to make significant leaps, the life cycle of electronic products shortens dramatically. The National Safety Council estimates that over 500 million obsolete computers will be discarded in the United States alone. Additional electronic devices such as cell phones, office machines and a host of other products present problems not only to the environment, but to the businesses, individuals and organizations that must deal with their disposal. In addition to the bulk materials such as plastic and steel, electronics also contains significant amounts of toxic materials including lead, mercury, arsenic, chromium and more.
Kreisler added: "ESRC's business model is based on building, owning and operating innovative e-waste processing systems that utilize a number of proprietary technologies to enhance operating efficiencies. ESRC also plans to build and sell custom e-waste recycling systems that accomplish this on a distributed basis for targeted third party clients. ESRC's existing volumes of e-waste and positive cash flows are strategic to our existing technologies, their technology has some fascinating potential, their approach to the market is dead on, and their business presents INSEQ with a platform to acquire significant market share. We are excited by this investment and we intend to provide INSEQ with the resources it needs to scale the ESRC business."
Ferrofluid Separation
ESRC is developing a proprietary new ferrofluid process that is capable of preferentially separating targeted compounds from a mixed solid waste stream. Ferrofluids are liquids that are comprised of nanoscale magnetic particles suspended in a carrier fluid and exhibit novel properties when exposed to specific magnetic fields. Conductivity, viscosity and volatility can all be manipulated through the selection and sizing of the particles and the application of specific magnetic fields.
Importantly, ESRC's ferrofluid process can enable the preferential separation of targeted compounds out of a mixed micron sized powder. This can be important because GreenShift's Tornado Generator(TM) technology cost-effectively grinds, desiccates, and atomizes solid and liquid wastes and other materials into micron sized powders.
ESRC plans to use its ferrofluid process, the Tornado Generator(TM) technology, GreenShift's existing plastics and metal separation and other technologies, and some conventional process technologies to dramatically decrease capital costs and improve operating efficiencies for processing e-wastes.
Technology and Manufacturing Rights
Under GreenShift's agreement with ESRC, ESRC will assign its technologies and intellectual property rights to GreenShift Industrial Design Corporation ("GIDC"), a wholly owned GreenShift company, who will in turn provide ESRC (and now INSEQ) with non-exclusive license rights to all current and future GIDC technologies, including its Tornado Generator(TM) and plastic and metal waste separation technologies.
About GreenShift Corporation
GreenShift Corporation (GSHF) 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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. Additional information regarding GreenShift Corporation 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 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
GreenShift Corporation Jim Grainer, 973-398-8183 President and Chief Financial Officer Fax: 973-398-8037 investorrelations*greenshift.com www.greenshift.com
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... i'm also rooting for you if you're in on the october A-G boycott october boycott thread on this board![[Razz]](tongue.gif)
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