Veridium Receives Sixth Order for New Ethanol By-Product Recovery Technology; System to Bring Company to $8.4 Million In Annualized Revenues From New Clean Technology
NEW YORK--(BUSINESS WIRE)--April 17, 2006--Veridium Corporation (OTC Bulletin Board: VRDM) today announced its receipt of an order from an Iowa based ethanol producer for the use of Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). The new system is scheduled for installation later this year at the Iowa ethanol production facility, where it is expected to extract corn oil at a rate of about 1.2 to 1.5 million gallons per year.
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is not based on licensing or outright equipment sales, but rather on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices. Veridium will purchase and sell the extracted corn oil and generate an estimated $1.4 million to $1.8 million in annualized revenues from this one system once it has been installed.
The new order brings Veridium's expected total annualized ethanol oil recovery sales to between $8.4 million and $10.8 million per year.
David Winsness, chief executive officer of Veridium's industrial design division, stated that "ethanol is a basic commodity and we need more of it. While the industry builds out increased production infrastructure with new facilities, our patent-pending Corn Oil Extraction Systems(TM) and other proprietary technologies have been specifically engineered to help ethanol producers enhance production out of their existing plants in cost-effective and rapid ways. We are grateful and excited to have the opportunity to provide our ethanol clients with innovative and cost-effective options as they meet the increased demand for this valuable commodity."
About Veridium's Corn Oil Extraction System(TM)
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
-- Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced;
-- High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG;
-- Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
-- Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and,
-- Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods.
Pictures and video of the new Veridium technology are available online at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
-- Reduce the volume of waste generated by residential and commercial consumers;
-- Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Veridium Corporation Investor Relations 888-870-9197, ext. 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast, Inc. for Veridium CorporationEd Lewis, 212-732-4300
SOURCE: Veridium Corporation
Posted by Peaser01 on :
Awesome day here.
Could we see .30 by close?
Posted by black3 on :
I'm liking this stock. I hope the momentum stays for atleast a few more days
Posted by Peaser01 on :
Might just be a 5 day mover, who knows?
The money has moved to the Ethanol plays from the OTC's up to the Big Boards.
Posted by LuckyLundy on :
Riding my free shares.
Lucky
Posted by rlpenner on :
quote:Originally posted by roachkiller1: go to this website and it will show you a list of ehtanol stocks. all of them have taking off this whole week.
Hi, what was the website address that you mentioned the ethanol stock listings on?
Thanks
Posted by cspaude on :
Where's that craig guy now to trash VRDM? Saying it was doomed for .048 and we were all delusional for buying. I hope he was seriously trying to help us. Before I got into VRDM I contacted people who run ethanol plants and inquired on VRDM's system. They said good stuff and I saw strong volume, so I bought in at .041. I've since bailed half my position at .124 and let the rest ride for the long term because I believe this company has potential as I hear other plants want to get their system. My question is, am I foolish to simply hang on to the rest of my shares or should I sell the remainder on the current run and then buy again after a pull back? Or any other advice. I'm relatively new to pennies.
Posted by BuyTex on :
you're in the middle of either a transition or an anomaly...
Ya, you're already safe on freebies...but why not lock in some profit, while leaving some DOD shares ("Do or Die")? The ratio is, of course, up to you.
1) You've protected capital, the cardinal rule
2) Where's your profit?
3) These *are* pennies--no matter how giddy peeps get...
Posted by cspaude on :
BT, very true. I did take some profit, but not that much. I'd like to hope this thing keeps running and maybe I'll sell half again. But when? I'm up some 500% on the remaining half. Am I just getting greedy now? I almost feel like it in a way. Coming into it I was going to be happy with 100% gain. Now I want to see 1000%. Yeah, I must be greedy.
Posted by Peaser01 on :
I'm guessing that this might come back to about .27 - .28 range at least to close the early gap up.
Ethanol has been pretty hot, so this may not stay down for too long if it does retrace IMHO.
Posted by Peaser01 on :
.25 coming?
We'll see how long this opening sell-off lasts.
Posted by black3 on :
quote:Originally posted by Peaser01: .25 coming?
We'll see how long this opening sell-off lasts.
I put a stop in at .21
Posted by Peaser01 on :
News Out
Posted by ldbobby on :
Veridium Amends License Agreement for Exclusive Rights to CO2 Bioreactor; Techno
Posted by Peaser01 on :
Veridium Amends License Agreement for Exclusive Rights to CO2 Bioreactor Tuesday April 18, 9:44 am ET Technology Enables Cost-effective New Supply of Ethanol Feedstock
NEW YORK--(BUSINESS WIRE)--April 18, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its execution of an amended license agreement with Ohio University ("Ohio") for its patented bioreactor process for reducing greenhouse gas emissions from fossil-fuelled combustion processes.
Veridium's original license with Ohio provided for non-exclusive rights to the technology for the purpose of processing exhaust gas streams from electrical utility power generation facilities, and exclusive rights to the technology for applications involving all other sources. The amended license agreement increases the scope of Veridium's license to provide for exclusivity in all applications, including electrical utility power generation facilities.
Veridium's bioreactor technology is simple, robust and scalable, and was originally designed to reduce greenhouse gas emissions from fossil-fueled combustion processes. The technology is based on a new strain blue-green algae discovered thriving in a hot stream at Yellowstone National Park. The algae use the available carbon dioxide, water and light to grow new algae, giving off pure oxygen and water vapor in the process. Once the algae grow to maturity, they fall to the bottom of the bioreactor where the algae can be harvested for further refining several times per day.
A prototype of the technology was built that is capable of handling 140 cubic meters of flue gas per minute, an amount equal to the exhaust from 50 cars or a 3 megawatt power plant.
New Feedstock for Ethanol Production
Ethanol is made from starch-based feedstocks. The algae in the bioreactor convert exhaust carbon dioxide and sunlight into a biomass that is comprised of about 94% starch and about 6% oil. This exceeds the starch concentration in corn, the primary feedstock for domestic ethanol production today, which contains about 63% starch and 3-4% oil. Even more impressive is that the preliminary test data show a doubling of the biomass several times per day - a rate much faster than plants, and it does all of this on a footprint that is orders of magnitude less than the surface area required for crops.
Veridium's immediate focus for this technology is to deploy a commercial-scale pilot operation while seeking out qualified early adopters for deployment of the technology in the ethanol industry and in the traditional power generation industry.
"We have been focused on ethanol front for some time now and most of our current market development focus is on deploying technologies that enhance production efficiencies for existing ethanol facilities," said David Winsness, chief executive officer of Veridium's industrial design division. "Our bioreactor technology is just one of several such technologies that we plan to roll out this year."
Earlier this year, Veridium filed for patent protection on its BioStarch Recirculation System(TM) - an implementation of Veridium's bioreactor technology that routes exhaust carbon dioxide from the fermentation stage of ethanol production facilities through a bioreactor that is specifically designed to be integrated with existing ethanol facilities.
"We believe that finding ways to rapidly squeeze more supply out of the existing production infrastructure is a critically necessary objective," said Winsness. "In conventional ethanol production, almost a third of the mass of the corn ends up in the form of exhaust. Our view is that carbon dioxide exhaust is a valuable resource that can be used to increase the current output of host ethanol facilities, and we think that we are going to see considerably more than 10% gains in production out of existing ethanol facilities with our patented and patent-pending technologies."
Conversion of Power Plant Exhaust
Winsness added: "Demand for ethanol is increasing and we believe that it will continue to exceed supply for the foreseeable future. We also believe that the rate of the increasing demand will continue to outpace the rate of the increasing supply while we wait for new ethanol facilities to be built. While bringing our technologies to the ethanol industry remains our primary focus, we are also seeking out new low-cost and near-term sources of ethanol supply. We believe that the power generation industry is a perfect candidate for this given the capabilities of our bioreactor technology and we are excited to now have the exclusive rights to the underlying technology."
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
Reduce the volume of waste generated by residential and commercial consumers; Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, Increase the cost-efficiency of processing certain types of industrial wastes. Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: Veridium Corporation Investor Relations 888-870-9197 - Extension 291 Fax: 646-792-2636 investorrelations*veridium.com www.veridium.com or CEOcast, Inc. for Veridium Ed Lewis, 212-732-4300
-------------------------------------------------------------------------------- Source: Veridium Corporation
Posted by Peaser01 on :
I'm looking for another bounce at .23 and then a gradual move back up IMHO. Hope I'm right.
Posted by Peaser01 on :
So much for another bounce at .23.
Hit Low of day at .225 again, then bounced. We'll see if it can possibly hold.
Posted by Peaser01 on :
Might just see .16.
I think this is just a shake today, but what do I know?
The harder the run, the harder the shake.
Posted by commoditie on :
Here we go back up
Posted by Peaser01 on :
This stock is sweet.
.198 low of day.
Now .261 x .262
Posted by Peaser01 on :
If the buying keeps up today, could we see .40?
Posted by Peaser01 on :
Yipppeee-Kai---Ayyyye!!! .30 printed New HOD!
Posted by Peaser01 on :
From the trend the past two days on the chart, today's high could be around .36 or so IMHO.
Posted by JL on :
got in .24 sold .30. Will buy back on next drop.
Posted by Peaser01 on :
Just remember to do your own DD and sell this when you see fit.
I have my sell price in mind over the coming two days.
I am planning to re-enter this at some point after I sell because I believe that strongly in Ethanol stocks right now.
I'd like to get in an Ethanol IPO when one comes out and let my money sit there for some time due to what the current Ethanol Big board stocks have done.
Posted by black3 on :
It looks like all the ethanol stocks are taking a break today.
Posted by Peaser01 on :
LOL. If it holds the trading range on the chart today, this may bounce around .24.
My fingers are crossed.
.231 better hold or it could fall.
Posted by Peaser01 on :
Well, I was a tad off. lookslike it's bouncing at .227.
Posted by Peaser01 on :
Pennant forming nicely.
Posted by Peaser01 on :
Needs to hold above .17 tomorrow.
Posted by Malloy on :
Found bottom at close IMO. Should have a nice bounce tomorrow.
46M OS and 115M traded...
MM will keep the attention on the stock till the end of April at least.
Posted by Stockstar69 on :
Both VRDM and GSHF are good plays. GSHF own 70% of VRDM and GSHF holds the proprietary rights and pattents for the technology. They know how to get the oil out of the Kernel!
Posted by cspaude on :
Alright, here's my $.02 on both INSQ and VRDM. Compare their charts....HUGE run, then small pull back, then back to a huge run. The question is, is it just a pull back or is the run over? Today, IMO, was the latest small pull back. I believe the bulls are still running cause ethanol is the latest fad. I saw this pull back coming and set a limit order for INSQ at .0066. I was right, I just pray to God that I'm right that the run will continue for both.
This is simply my opinion, do your own research and make your own decisions.
Posted by Peaser01 on :
quote:Originally posted by Malloy: Found bottom at close IMO. Should have a nice bounce tomorrow.
46M OS and 115M traded...
MM will keep the attention on the stock till the end of April at least.
According to Ameritrade:
Market Cap 22,084,026 Shares Outstanding 192,035,008
Posted by CRab on :
Nice call on the close. What you think is going to happen tomorow?
Posted by Peaser01 on :
Thanks, VRDM has been accurate as far as a chart play goes the past few weeks.
We'll see, there are no guarantees in the stock market. I believe that VRDM needs to break .32 in the next two days. If it doesn't, I will not be holding this anymore.
I am looking for this to close the day tomorrow green. The pennant formed, could indicate a bullish continuation of the uptrend. However, charts aren't usually very reliable in the OTC + OTCBB markets.
I like Ethanol stocks, therefore I have felt a little more comfortable holding this stock over just about all other penny stocks. I believe that Ethanol plays are still just beginning to move.
Posted by black3 on :
Veridium Receives Order from South African Ethanol Producer for Corn Oil Extraction Technology Thursday April 20, 7:30 am ET
NEW YORK--(BUSINESS WIRE)--April 20, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its receipt of an order from Ethanol Africa for the use of Veridium's patent-pending Corn Oil Extraction System(TM) at Ethanol Africa's new Bothaville, South Africa
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). Veridium's technology has the capability of removing up to 75% of the corn oil from within the DDG in two stages.
The first stage extracts 1.1 to 1.3 million gallons per year and corresponds to about 30% of the corn oil in the DDG for a 40 million gallon per year facility. The second stage of the Veridium technology recovers another 30% to 45% of the corn oil in the DDG, corresponding to another 1.2 to 2.2 million gallons of corn oil per year out of a 40 million gallon per year ethanol facility. 3 million gallons per year of high grade corn oil converts to 3 million gallons per year of biodiesel. This equates to a 7% increase in fuel production out of a 40 million gallon per year ethanol facility, and a significant increase in plant productivity out of the plant's existing infrastructure.
The new Ethanol Africa order is for the first stage of Veridium's technology and the system is expected to be installed in line with the onset of operations at Ethanol Africa's new Bothaville, South Africa ethanol production facility later this year. Ethanol Africa is headquartered in Bothaville, South Africa, and intends to build eight 40 million gallon per year ethanol production facilities.
"Rising fuel prices and greenhouse gas emissions are global issues, and we are hopeful that this order will be our first of many such international orders for our ethanol process technologies," said David Winsness, chief executive officer of Veridium's industrial design division. "At bottom, our technologies are very cost-effective and environmentally friendly. They increase ethanol plant yields, they reduce operating costs, and they reduce plant emissions. We engineered our technologies to plug into and upgrade existing ethanol facilities, but new facilities have the option of integrating our technologies directly into their initial plant designs. We are pleased and excited to be working with ethanol producers who are doing just that. Ethanol Africa is progressive company and we are grateful for the opportunity to work with them on their first and future ethanol facilities."
About Veridium's Corn Oil Extraction System(TM)
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced; High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG; Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities; Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and, Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods. Pictures and video of the new Veridium technology are available online at www.veridium.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
Reduce the volume of waste generated by residential and commercial consumers; Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, Increase the cost-efficiency of processing certain types of industrial wastes. Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: Veridium Corporation Investor Relations, 888-870-9197 ext. 291 Fax: 646-792-2636 investorrelations*veridium.com www.veridium.com or CEOcast, Inc. for Veridium Ed Lewis, 212-732-4300
-------------------------------------------------------------------------------- Source: Veridium Corporation
Posted by Peaser01 on :
Updated Numbers From Ameritrade:
Market Cap 52,300,040 Shares Outstanding 243,256,000
Posted by commoditie on :
big shake * .261 * the bid, just like what happened yesterday at this time, then it was all up.
Posted by Peaser01 on :
NITE looks to be holding this down as long as he can IMO.
ARCA is all Phsycological BS. I hate ARCA.
Posted by Peaser01 on :
Kaboooom!
All loaded up for Next Week.
Posted by JW on :
I'm thinking we should see an upward trend for most of the summer.
I'v got a good feeling about VDRM, INSQ & GSHF.
GLTA
Posted by JW on :
Press Release Source: Veridium Corporation
Veridium Receives Order for Tornado Generator Technology Monday April 24, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--April 24, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its receipt of an order from a petrochemical company for the use of Veridium's patented Tornado Generator(TM) technology.
ADVERTISEMENT click here While the terms of the order and the specific details are required by Veridium's client to remain confidential, the technology will be generally used to enhance the operating efficiency and reduce the environmental impact of conventional oil extraction and refining operations. Veridium expects that this order is a prelude to more orders from this client for numerous additional Tornado Generator(TM) systems that are designed for this application.
Veridium has granted exclusive right of first refusal manufacturing rights to INSEQ Corporation (OTC Bulletin Board: INSQ - News) for the manufacturing of the equipment required to implement Veridium's technologies. INSEQ is expected to manufacture the current Tornado Generator(TM) system in addition to Veridium's eight previously announced Corn Oil Extraction Systems(TM) and two DAF Recycling Systems(TM) over the course of this year.
Veridium and INSEQ are respectively 70% and 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News) whose mission is to develop and support clean companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
About Veridium's Tornado Generator(TM)
Veridium'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 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, municipal wastes, industrial wastes, and construction and demolition wastes. In its most basic mode of operation, the Tornado Generator(TM) can be used to dramatically reduce the volume of targeted wastes by about 90%, as well as the associated transportation and disposal costs.
Pictures and video of Veridium's Tornado Generator(TM) are available online at www.veridium.com.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
* Reduce the volume of waste generated by residential and commercial consumers; * Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, * Increase the cost-efficiency of processing certain types of industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Veridium Corporation Phone: 888-870-9197 - Extension 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast, Inc. for Veridium Corporation Ed Lewis, 212-732-4300
Source: Veridium Corporation
Posted by Purl Gurl on :
VDRM, INSQ and GSHF have too many outstanding shares for any significant movement within a reasonsable period of time. INSQ looks ripe for a reverse split.
Purl Gurl
Posted by BuyTex on :
OT:
wiley, have you looked at Willie's EBOF deal?
Posted by Purl Gurl on :
Willie's EBOF
Been looking, Tex. There was a lengthy news special on television a few nights back on this and another similar company.
Dallas, Texas and Durant, Oklahoma, has to be a winner!
Purl Gurl
Posted by Peaser01 on :
Geez, What brings you out of the woodwork Purl?
Posted by BuyTex on :
quote:Originally posted by Purl Gurl: Willie's EBOF
Been looking, Tex. There was a lengthy news special on television a few nights back on this and another similar company.
Dallas, Texas and Durant, Oklahoma, has to be a winner!
Purl Gurl
yup, guess I better throw a thread together...looks like it could be a rare hold. Gotta find out about the deal with Apollo....good to see ya
Posted by Peaser01 on :
A/S increasing from 250mil to 500mil. News just out.
Posted by Peaser01 on :
Informative fluff out today.
Waiting to see some more orders come in here before I get back in.
Posted by JPB3 on :
But if their information is correct it would mean 20-25 mil annual rev. with great potential for more.
Posted by eddevee on :
who knows of an ethanol stock trading for around $1.90 per share being touted by siegel.
Posted by BchOus on :
Interesting fact: VRDM GSHF and INSQ charts all lay perfectly atop each other, until Friday. Watch for VRDM to rise today, maybe sharply, to even these charts out once again. INSQ and GSHF surged Friday, and VRDM is the stock that actually generates the most contract news.
I've seen this before. PACT and GOAM used to pop just based on what the other stock was doing.
Speculation call only.
Posted by stocktrader8000 on :
Nice bounce play now. Heading up. Target .20 on bounce.
Posted by stocktrader8000 on :
PEIX INSQ GSHF XTHN - all rebounding now and looking good.
VRDM to follow no doubt.
Posted by stocktrader8000 on :
good call stocktrader8000,what about tomorrow, i hope we see some more green, i bought in at .276
Posted by Peaser01 on :
Just got back in today. Nice dip we had there this morning for me to buy back in.
I see that VRDM is now OFF the SHO list!!
Posted by Peaser01 on :
Finally got above .135 ACRA was sitting there all day almost.
Posted by Peaser01 on :
From VRDM 10QSB yesterday:
"On January 22, 2006, Veridium Corporation (VRDM") acquired 100% of the stock of GreenShift Industrial Design Corporation and Tornado Trash Corporation ("TTC") from GreenShift Corporation ("GreenShift") in return for 10% of the fully diluted stock in Veridium. These acquisitions are part of the Veridium's plans to revitalize its industrial waste recycling business model following Veridium's discontinuance during 2005 of the AMRC and MRTC operations. GreenShift Industrial Design Corporation was subsequently renamed Veridium Industrial Design Corporation ("VIDC")."
Posted by Peaser01 on :
Bouncin'
Posted by JW on :
I'm confused, I thought GSHF owned 80% of VRDM?
quote:Originally posted by Peaser01: From VRDM 10QSB yesterday:
"On January 22, 2006, Veridium Corporation (VRDM") acquired 100% of the stock of GreenShift Industrial Design Corporation and Tornado Trash Corporation ("TTC") from GreenShift Corporation ("GreenShift") in return for 10% of the fully diluted stock in Veridium. These acquisitions are part of the Veridium's plans to revitalize its industrial waste recycling business model following Veridium's discontinuance during 2005 of the AMRC and MRTC operations. GreenShift Industrial Design Corporation was subsequently renamed Veridium Industrial Design Corporation ("VIDC")."
Posted by TickTrader on :
JW,
GreenShift Industrial Design Corporation and Tornado Trash Corporation were GreenShift portfolio companies - non-publicly traded except for the value to shareholders of GSHF.
Part of the restructuring taking place. Read about all the companies, plans, etc, at gshf site... greenshift dot com.
Posted by JW on :
Thanks tick,
Let me see if I got this straight,
GreenShift is going to sell Mean Green to Hugo In return Hugo takes 2M of Mean Green debt from GreenShift and after two years Greenshift will be get 80% of Hugo's OS.
INSQ builds equiptment to extract biodiesel feedstock, VRDM buys the equipment and installs it in ethanol extraction facilities, the facilities sell the biodiesel feedstock back to VRDM, VRDM sells the feedstock to Meangreen and they turn it into Biodiesel with other equipment built by INSQ.
GreenShift basicly owns the whole shebang.
So how come GSHF and VRDM pps are dropping?
[ May 25, 2006, 02:06: Message edited by: JW ]
Posted by Peaser01 on :
Double bottom here .105 I believe.
Posted by JW on :
Press Release Source: Veridium Corporation
Veridium Executes Agreement to Acquire GreenShift's Clean Technology Investments and Environmental Engineering Company Thursday May 25, 7:36 am ET Company to Change Name to GS CleanTech Corporation
NEW YORK--(BUSINESS WIRE)--May 25, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its execution of agreements with GreenShift Corporation (OTC Bulletin Board: GSHF - News), Veridium's majority shareholder, to acquire the stock of GreenWorks Corporation and GS CleanTech Ventures, Inc.
ADVERTISEMENT click here GreenWorks Corporation owns an environmental engineering business that currently generates about $4.3 million in revenues with EBITDA margins in excess of 12%.
GS CleanTech Ventures owns about 3% of the equity of General Hydrogen Corporation, about 70% of the equity of General Ultrasonics Corporation, about 10% of the equity of Ovation Products Corporation, and about 25% of the equity of Aerogel Composite, Inc., with an aggregate fair market value of more than $2.5 million.
Pursuant to the acquisition agreements, Veridium agreed to assume about $1.9 million in debt issued by GreenShift and issue GreenShift preferred stock equal to 10% of Veridium's issued and outstanding capital stock in return for substantially all of the stock and assets of GreenWorks and GS CleanTech Ventures. GreenShift will own 80% of Veridium's issued and outstanding capital stock after completing this transaction.
Restructuring Plan
In October 2005, Veridium outlined three key goals: (1) the refinancing of Veridium's debt and reduction of Veridium's general and administrative expenses; (2) the recapitalization of Veridium's environmental services division; and, (3) the acquisition of the clean technologies Veridium required to fulfill its new mission of bringing clean technologies and applied engineering expertise to the sources of industrial wastes.
Since then, Veridium has successfully refinanced most of its debt into equity, reduced overhead, and acquired a portfolio of clean technologies from GreenShift - including Veridium's proprietary ethanol and agriproducts by-product recovery technologies.
Veridium's planned acquisition of GreenWorks is part of Veridium's plan to recapitalize its environmental services division. The acquisition agreements with GreenShift call for Veridium to consolidate its current environmental services division with GreenWorks upon closing. After completion of this transaction, Veridium's GreenWorks division is expected to have annualized revenues in excess of $20 million and in excess of 10% EBITDA margins.
Three Divisions
Veridium will change its name to GS CleanTech Corporation in conjunction with the closing of these transactions, which is scheduled for on or before June 30, 2006. After the closings, the company expects to grow through the following three divisions:
* GS Industrial Design. This division is expected to grow through its provision of applied engineering and industrial design services based on clean technology and process innovations that enhance manufacturing efficiencies, improve resource utilization and minimize waste. * GS CleanTech Ventures. This division is expected to grow through management of the company's currently-pending and future clean technology investments. * GS EnviroServices. This division will grow organically through its continued provision of diversified environmental engineering and management services, including site remediation services, regulated materials and hazardous waste management services, and environmental engineering services. This division also intends to grow through the acquisition of strategically compatible environmental service companies.
About GreenWorks Corporation
GreenWorks is an environmental engineering services company that intends to acquire and consolidate a series of qualified engineering services companies during 2005. GreenWorks provides consulting, technical and engineering services to alleviate the environmental problems of its clients. GreenWorks' clients include Fortune 100 and other industrial companies, commercial firms, engineering and construction contractors, law firms, utilities, real estate developers and government entities.
About General Hydrogen Corporation
General Hydrogen is a leading developer of hydrogen fuel cell-based power systems for electric forklifts, industrial vehicles and other off-road equipment. General Hydrogen has right-sized fuel cell technology to a scale that enables their commercially viable today. Their business model is based on replacing lead-acid batteries in centralized industrial applications with high-performance power packs that contain a Ballard fuel cell. They capitalize effectively on existing plant infrastructure while creating a realizable economic return on an impressively short payback period for their clients. For more information see www.generalhydrogen.com.
About General Ultrasonics Corporation
General Ultrasonics Corporation is a development stage company that owns the exclusive rights to a proprietary new ultrasonic reformation process uses water, hydrocarbons and high intensity ultrasonic energies to synthesize clean burning fuels including hydrogen. The process was designed for low cost reformation of standard petroleum hydrocarbon products, but has the capability to produce hydrogen-rich gases, other synthetic gases and fuels, and other products from qualified carbon-based, hydrocarbon-based, and other liquids, solids and gases.
About Ovation Products Corporation
Ovation Products Corporation has developed and patented a unique water distillation appliance that addresses large, global markets for clean water and sanitation. It is estimated that 40 percent of the global population does not have access to proper sanitation and clean water. Ovation's appliance has been designed to distill contaminated water at a rate of 20 to 25 gallons per hour and at an energy cost of a fraction of a cent per gallon. The device is roughly the size of a fire hydrant and weighs just over 120 pounds. Ovation believes the appliance can be used to purify water from a wide range of contaminated sources that include aqueous-based industrial chemicals, septic tank fluids, grey water from showers, washing machines and dishwashers; and from typical drinking water sources including wells and cisterns. Ovation has been in development of the appliance for nearly 10 years and is currently entering field trial evaluations. For more information see www.ovationproducts.com.
About Aerogel Composite, Inc.
Aerogel Composite, Inc., has patented nanotechnology for the preparation of aerogel composites for a wide variety of applications. Aerogels are solid-state substances similar to gels but where the liquid phase is replaced with gas. Aerogels rank among the world's lowest density solids and have a remarkably high surface area and are very porous and light. Their microstructure and physical properties can be manipulated at the nanometer scale by selection of raw material and modification of manufacturing conditions. Aerogel products can be engineered to exhibit desired thermal, acoustic, mechanical and/or chemical properties. Aerogel materials can be produced as monoliths, thin-films, powders, or micro-spheres to respond to given application requirements. For more information see www.aerogelcomposite.com.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of technologies and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver Natural Solutions(TM) based on an array of clean technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark clean technologies and products that accomplish the following key goals:
* Reduce the volume of waste generated by residential and commercial consumers; * Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, * Increase the cost-efficiency of processing certain types of industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Investor Relations Veridium Corporation Phone: 888-870-9197 - Extension 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast, Inc. for Veridium Andrew Hellman, 212-732-4300
Source: Veridium Corporation
Posted by Peaser01 on :
Veridium Provides Update on Ethanol By-Product Recovery Technology Sales Thursday May 25, 1:33 pm ET
NEW YORK--(BUSINESS WIRE)--May 25, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced an update on its sales efforts for its ethanol by-product recovery technology.
Veridium's patent-pending Corn Oil Extraction System(TM) can remove up to 75% of the corn oil from an ethanol processing by-product called distillers dried grain ("DDG") in two stages. The first stage extracts 1.2 to 1.5 million gallons per year and corresponds to about 30% of the corn oil in the DDG for a 50 million gallon per year facility. The second stage of this technology recovers another 30% to 45% of the corn oil in the DDG, corresponding to another 1.2 to 2.2 million gallons of corn oil per year out of a 50 million gallon per year ethanol facility.
Veridium's pricing model for these systems is based on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices. Each first stage system can be expected to generate in excess of $1.4 million in annualized revenues, and each second stage system can be expected to generate in excess of $1.6 million in additional annualized revenues.
Veridium has executed letters of intent for a total of 11 first stage systems and 7 second stage systems. The next steps for each of these systems is to execute final agreements for the systems and to deploy the systems at the client facilities. In addition, Veridium is currently working on going directly to contract on another 3 first stage systems and 3 second stage systems.
Veridium has granted exclusive right of first refusal manufacturing rights to INSEQ Corporation (OTC Bulletin Board: INSQ - News) for the manufacturing of Veridium's patent-pending Corn Oil Extraction Systems(TM).
INSEQ and Veridium are respectively 80% and 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
Reduce the volume of waste generated by residential and commercial consumers; Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, Increase the cost-efficiency of processing certain types of industrial wastes. Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: Veridium Corporation Investor Relations, 888-870-9197 - Extension 291 Fax: 646-792-2636 investorrelations*veridium.com www.veridium.com or CEOcast, Inc. for Veridium Andrew Hellman, 212-732-4300
-------------------------------------------------------------------------------- Source: Veridium Corporation
Posted by TickTrader on :
Hi JW,
One reason GSHF was established is to make 'green' economy pay off. That has always been one of the problems with 'good for us' technology. I think I posted this before, but I always smile when Kreisler and crew find another way to squeeze the same penny. Some of their technology is actually making the buyer/user money, too.
Did you know that MEA's electricity contract with Chugach is coming up for renewal soon? Yesterday's valley paper talks about active MEA committees looking into alternative electric generation. One of their best suggestions (tidal energy generation) came from a guy that works for an oil company on the slope. He's out there on oil's dime, watching the power potential of tide waters. Oh, the irony!
Anyway, I don't know any more about gshf plans for tomorrow than others, I just follow the company and latch on.
drop in pps... always happens before a move up. When buying pressure is absent, it will continue to drop, but I don't see that happening here. Gonna have to hock a kid for a scoop if resistance breaks down.
Sorry for a belated post... my dd pc fried and now my laptop remote trackball won't work. These little touchpads are... touchy.
GL
Posted by Peaser01 on :
Seeing a little green so far today.
Posted by Peaser01 on :
Oil still going higher.
If we see a major hurricane in the gulf again this year, we may be looking at $100/barrel oil.
Ouch.
No one wants to think about it; however, that may just be the reality of the given scenario.
Higher oil price = Higher ethanol production demand = Higher demand for ethanol extractaction from the same crop yield
Posted by Peaser01 on :
Back to HOD.
Posted by JW on :
quote:Originally posted by TickTrader: Hi JW,
One reason GSHF was established is to make 'green' economy pay off. That has always been one of the problems with 'good for us' technology. I think I posted this before, but I always smile when Kreisler and crew find another way to squeeze the same penny. Some of their technology is actually making the buyer/user money, too...... GL
Hello Tick, I hope you made it throught the weekend in one piece, it looks like the crews are getting a handle on the flames. Kinda scarry, I'd hate to see that take off in the wrong direction.
I'm glad to see more intrest in alternitive energy sorces, especialy for the villages, they'r really feeling the pinch with higher oil prices. I heard they're working on some windmills for Pribolof. We have plenty of wind, tides, thermal and solar up here, we should take advantage of it.
Nice close for VRDM and GSHF, we may have turned the corner.
GLTA
Posted by Peaser01 on :
This needs to hold above .114 after 10:30am today IMO.
Posted by Peaser01 on :
Watching VRDM the past two days and today reminds me of a snake coiling up and getting ready for a strike.
Needs to hold above .115 after noon today.
Posted by Peaser01 on :
Looks like the MM's aren't finished driving this down IMO. Pooh on them!
The .10's on the bid have been growing.
Posted by TickTrader on :
Hey JW, no problems here. My son would have got the call to evacuate long before I could have smelled smoke. Wicked wind last weekend.
I gotta find some more alt. energy stocks. They are all gonna be huge or slammed into the ground again. IMO - no middle ground.
Posted by JW on :
Finaly a nice Green day, I was starting to get worried.
OT Tic, I got out in your neck of the woods yesterday for a friend's wedding. Boy, downtown Wasilla is starting to look like LosAnchorage, I guess you can't stop progress. I should have bought some property out there ten years ago, when I said that to the little woman, she said if you don't do it now you'll say the same thing in an other ten. Maybe the Green Team will help hook me up. Got a few shares of PLNI too, a dollar sure sounds good!
![[Big Grin]](biggrin.gif)