This is topic ICDT - NEWS...Announces $2 Million Design and Manufacturing Agreement in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Incode Announces $2 Million Design and Manufacturing Agreement
Monday , June 13, 2005 08:00 ET
MOUNT ARLINGTON, N.J., June 13, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced the execution of a $2 million design and manufacturing agreement between the Company's subsidiary and a global electronics company.
The contract is for the design and manufacturing of specialized equipment used in the manufacturing process for florescent lighting. The Company expects work under the contract to be completed by the 2005 third quarter.
"We are pleased to have won this $2 million contract," said Tony Warnecke, president of the Company's design subsidiary. "The equipment we are building relies on sophisticated electronic and robotic systems. Our staff of engineers and design professionals continues to perform well and we are excited to have this opportunity to further demonstrate our innovative design and manufacturing capabilities. We believe this contract will have a significant positive impact as we continue to grow the business."
With more than $6 million in annual revenue, the Company's design subsidiary serves as a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in June 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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 Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer of Inseq Corporation, +1-973-398-8183, Fax: +1-973-398-8037 investorrelations@inseq.com; Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide for Inseq Corporation
Copyright (C) 2005 PR Newswire. All rights reserved.
Posted by Malloy on :
Breaking...up 62% and going at .0026
Posted by Malloy on :
GreenShift Portfolio Company Executes Letter of Intent to Acquire Infrastructure and Real Estate Development Company Monday June 13, 10:07 am ET Acquisition by TDS (Telemedicine), Inc. to Increase Annual Revenue Run Rate to Approximately $20 Million
MOUNT ARLINGTON, N.J., June 13 /PRNewswire-FirstCall/ -- GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced that its portfolio company, TDS (Telemedicine), Inc. ("TDS") (Pink Sheets: TDST - News), a development stage public company, has signed a letter of intent to acquire Alfa Industries, Inc., a privately held infrastructure and real estate development company. The acquisition is expected to be a tax-free share exchange subject to shareholder approval of both companies and other customary conditions. Upon completion of the transaction, Alfa will serve as TDS' primary business and TDS will change its name to Alfa Industries, Inc.
Alfa provides an array of utility installation, management and maintenance services, including: heavy, highway and bridge construction; trench-less technology for installation of underground utilities; development-driven environmental and remedial services; and, general maintenance of roadways and public property for local, state and federal governments throughout the mid-Atlantic and seaboard states.
Kevin Kreisler, chairman and chief executive officer of GreenShift Corporation and interim chairman of TDS, said, "Alfa Industries brings to TDS a seasoned management team led by an industry veteran, Joseph Alfano, with an annual revenue run rate of approximately $20 million. We are confident Alfa's growth plan to build a leading North American infrastructure and real estate development company through strategic acquisitions will result in increased revenue and earnings."
On May 26, 2005, GreenShift announced a management services agreement with TDS to provide interim management assistance and financial support while preparing TDS for the completion of a strategic transaction with a qualified company. Upon completion of TDS' acquisition of Alfa Industries, GreenShift expects to own a 3% to 4.5% initial stake in TDS.
About TDS (Telemedicine), Inc.
TDS is a development stage public company whose plan for 2005 is to complete one or more acquisitions of strategically compatible companies.
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 contribute to the resolution of environmental challenges.
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 growth stage public and private businesses and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
- TDS (Telemedicine), Inc. (Pink Sheets: TDST - News).
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 http://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
Posted by Malloy on :
4x avg volume, holding near hod at resistance level .0025
Posted by Malloy on :
Incode Announces Reduction of Debt
Tuesday , June 14, 2005 08:01 ET
MOUNT ARLINGTON, N.J., June 14, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced that it has reduced its debt by $400,000 through its receipt of a favourable investment from GreenShift Corporation (OTC Bulletin Board: GSHF), a business development company that owns a 70% stake in the Company.
GreenShift had loaned the Company $50,000 last month in connection with the Company's closing of its acquisition of Warnecke Design Services, Inc. GreenShift agreed to convert this debt and to assume and convert another $350,000 of the Company's debt into a new class of preferred stock in the Company with a face value of $400,000, a fixed conversion price of $0.01 and a 5% coupon. The 5% coupon is lower than the current ICDT-WDS note which is at prime plus one.
"We have some very exciting plans for Incode that we believe are best served by eliminating some of its debt in a manner that is accretive to shareholder wealth," said Kevin Kreisler, chairman and chief executive officer of GreenShift and chairman of the Company. "As a business development company, GreenShift's chief goal is to enhance its own value by helping to drive the value of its portfolio companies. Our immediate focus with Incode therefore will be on the reduction of debt both through the favourable use of Incode's equity, as we have done here with this investment, and the acquisition of companies that strengthen Incode's balance sheet sufficiently to allow us to refinance Incode's current convertible debts with standard conventional credit."
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on -- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in June 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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 Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer of Inseq Corporation, +1-973-398-8183, investorrelations@inseq.com; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide
Good volume again today...staying at hod mostly all day...we're looking for a breakout after .003
Posted by Malloy on :
Breaking hod again... up 40%
Posted by Malloy on :
Very nice close. Already gapping for tomorrow.
Posted by Malloy on :
Wall at .0028 falling...gapping...and ask spreading....
Looks like will have a try at .003 today...
Posted by Malloy on :
.0029 going before opening
Posted by Malloy on :
wall down....moving fast now
Posted by Malloy on :
up 30% already...too bad i'm alone here on this one from .001
....choochooo
Posted by Malloy on :
up 46%, printing .0038
Posted by pcloadletter on :
this will move with more volume.....
Posted by pcloadletter on :
opportunity to get on on drop before she goes up again
Posted by Malloy on :
TY, scalping now....from .001 to .005...wont be too greedy.
:-))
Posted by realityinc21 on :
Looking for the low to get in!!
Posted by realityinc21 on :
Looks like it is starting to turn around now..
RSI coming back up..
Posted by Malloy on :
Incode Executes Agreements for $10 Million in New Financing
Wednesday, June 15, 2005 10:39 ET
MOUNT ARLINGTON, N.J., June 15, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced the restructuring of its various convertible debentures totalling approximately $800,000 and its execution of agreements with Cornell Capital Partners for $10 million in equity financing under a Standby Equity Distribution Agreement ("SEDA").
The restructured debentures relate to the Company's former operations. The Company expects that the restructuring will facilitate the Company's intended future refinancing of its equity-based convertible debentures with standard conventional credit in line with its intended acquisition of companies that strengthen the Incode's balance sheet.
Additionally, under the SEDA agreements, Cornell has committed to provide the Company with up to $10 million in equity financing to be drawn down over the term of the agreements at the Company's discretion. The Company may use the funds as it sees fit once a registration statement is filed by the Company and declared effective by the Securities and Exchange Commission ("SEC").
"We view Cornell's SEDA structure as an innovative, flexible and extremely effective means of managing Incode's cost of capital as we help Incode target and complete acquisitions that are accretive to earnings and strengthen its balance sheet," said Kevin Kreisler, chairman of the Company and the chairman and chief executive officer of GreenShift Corporation (OTC Bulletin Board: GSHF), a business development company that owns a 70% stake in the Company.
"The key to the SEDA structure is performance -- Incode has to execute in order for it to optimally manage its cost of capital in a manner that maximizes shareholder value," said Kreisler. "It is critical for Incode to deliver on its acquisition and technology development plans, and we have every intention of succeeding."
"Additionally, we believe that allowing the conversion of Incode's debt at current market levels would be counter-productive to Incode's ability to use its capital structure effectively. The restructuring of Incode's debentures effectively prevents conversion into equity in the near term and gives Incode time to relieve pressure in its balance sheet by targeting and completing accretive acquisitions using conventional credit. The SEDA becomes essential on the back end of these transactions because it gives Incode valuable opportunities to service and reduce its planned, new conventional debt and provide additional working capital at conceivably far lower costs to shareholders," continued Kreisler.
"Finally, as relevant to GreenShift's ambition to enhance its own value by helping to drive the performance of its portfolio companies, we believe that the intelligent use by Incode of the SEDA will not only be accretive to Incode's shareholder value, but it will also enhance the net asset value of GreenShift given its 70% stake in Incode."
In its May 2005 Shareholder Letter, the Company announced that its strategic plans for 2005 are based on rational growth through acquisition and include the following key tactics:
* Target and complete acquisitions that add revenue and profits, and strengthen the Company's balance sheet;
* Use favourable and cost-effective sources of financing that minimize the Company's cost of capital and maximize the Company's long-term shareholder wealth; and,
* Focus on acquisitions that specifically enhance the Company's capabilities in each of the Company's intended new operational groups: (a) manufacturing, (b) distribution and (c) technology design and development.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in June 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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 Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer, Inseq Corporation, +1-973-398-8183, Fax: +1-973-398-8037, investorrelations@inseq.com; KCSA Worldwide Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250 grussell@kcsa.com, for Incode Technologies Corporation
Our system posted a HOLD today. The previous BUY recommendation that was confirmed was made on 06.10.2005 (5) days ago, when the stock price was 0.0014. Since then ICDT has gained 85.71% .
Are you eager to sell your shares? Well we say: “Stick to them for the moment!” Market mood is again bullish. Our SELL-IF alert is not confirmed. It is now null and void and should be ignored.
The current tag is HOLD and it already tells you what to do. Keep holding your stocks until the next signal. Did you already sell without waiting for the confirmation? Do not worry. Chance knocks the door twice. There will be good prices in the next session at which you can buy them back.
[MOTTO OF THE DAY] When the bulls are in action forget short sale Stay short or at cash and do not even dare
Open $ 0.00 High $ 0.01 Low $ 0.00 52-Wk Low $ 0.00 52-Wk High $ 0.03 P/E Ratio n/a Volume 153,214,300 Market Cap 2.1 M Shares Outstand. 565.1950 M
1day 5days 1year Interactive Charting
Company Information
Incode Technologies Corp. Formerly known as BIB Holdings Ltd. The Group's principal activity is to design and market branded and non-branded apparel. The brands offered by the group include M. Sasson(R), Home Turf and New Terrain labels. The product lines offered by the Group include sportswear, loungewear, outerwear, as well as accessories such as ties, hats, scarves, gloves, jewellery, backpacks and small leather goods as well as apparel. On 09-Dec-2004, the Group acquired assets of ebusiness portfolio from Cendant Corporation. On 31-May-2005, the Group acquired Warnecke Design Service Inc. INCODE TECHNOLOGIES CORP. Suite 108, 111 Howard Boulevard, Las Vegas New Jersey 07856 Phone: +1 702 398-8183 Fax: +1 208 275-3574 Website
Estimates More
Financial Snapshot More
This Fiscal Next Fiscal N/A
2003 2002 Revenue $ 3.6 M $ 9,958 Total Net Income $ -3.2 M $ -29,725 Earnings Per Share $ -0.06 $ -0.00 EBITDA $ -3.0 M $ -29,674 Long Term Debt $ 1.3 M $ 0
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
Posted by Malloy on :
Gapping. Usually very good at opening.
Posted by Malloy on :
We're moving again....nice ATM maching :-)
Posted by Malloy on :
GreenShift Issues Shareholder Letter
Thursday , June 16, 2005 12:07 ET
MOUNT ARLINGTON, N.J., June 16, 2005 /PRNewswire-FirstCall via COMTEX/ --GreenShift Corporation (OTC Bulletin Board: GSHF) chairman and chief executive officer, Kevin Kreisler, issued the following letter to its shareholders today:
Dear Shareholders:
This quarter has been an important time for GreenShift. We completed our initial capitalization, filed our election to become a business development company ("BDC") under the Investment Company Act of 1940, and focused immediately on supporting our initial portfolio of companies with the goal of enhancing their respective intrinsic values and, as a result, our net asset value (NAV).
Notable developments during the quarter that contributed to our vision included:
* Completion by Veridium Corporation (OTC Bulletin Board: VRDM), which is about 55% owned by GreenShift, of its acquisition of North Country Environmental Services, Inc., which added approximately $2 million to Veridium's revenue run rate, bringing Veridium to about $17 million in annualized sales;
* Completion by Inseq Corporation (OTC Bulletin Board: ICDT), which is about 70% owned by GreenShift, of its acquisition of Warnecke Design Services, Inc., which brought approximately $6 million in revenue to what was previously a development stage company;
* Initiation of our plan to take GreenWorks Engineering Corporation ("GreenWorks Engineering"), which is about 60% owned by GreenShift, public later this year;
* Commencement of our initial estimated 3% to 4.5% investment in TDS (Telemedicine), Inc. (Pink Sheets: TDST), which recently executed a letter of intent to acquire Alfa Industries, Inc., a privately held infrastructure and real estate development company; and,
* Formation of GreenShift Industrial Design Corporation ("GIDC"), our new industrial design unit that will focus on green technology development and commercialization.
We also worked to increase the relative strength of the balance sheets of our portfolio companies during the quarter. We invested in excess of $150,000 in recent months into Veridium, completed a $400,000 investment into Inseq, and plan to complete similar additional investments in each of Veridium, Inseq, GreenWorks Engineering and TDS in the near term as we continue to support their evolution.
Growth Plans GreenShift's core objectives for the balance of 2005 include:
* Leveraging GreenShift's current financing capabilities and BDC status to increase GreenShift's NAV to more than $50 million;
* Utilizing GreenShift's existing financing, management and other relationships to enhance the intrinsic value of its portfolio companies, and to assist its portfolio companies in the completion of a number of acquisitions that will increase their combined annualized revenues to in excess of $75 million;
* Hiring all critical staff as well as the formation of strategic relationships for technology transfer, investment banking and market support;
* Acquisition of, or investment in, key targeted companies in one or more of the following areas: wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and metals mining; and,
* Acquisition of, or execution of licenses for, several new green technologies.
Some of these goals are ambitious but I believe that they are achievable. Each of our portfolio companies have targeted one or more companies for acquisition, and are making strides in reducing debt and enhancing their relative financial strength as they produce positive cash flows. Additionally, we are currently looking at a number of exciting investments in green energy, alternative fuels, and new, innovative process technologies.
Green is Good
The founding principle of GreenShift is that we can facilitate the more efficient use of natural resources and make a lasting positive contribution to the state of the global environment by developing and supporting incremental advances in business practices and technologies that enable quantum environmental gains.
Levered intelligently and applied profitably, these incremental "green shifts" can yield to truly transformational environmental changes.
Take for example Veridium's recycling of hazardous wastes into metallic ore concentrates. Veridium is paid for its service of recycling hazardous wastes. Veridium recovers metallic ore concentrates from certain industrial hazardous wastes, which Veridium then markets to smelters and metal manufacturers. Veridium does this in part by reusing the partially spent chemical compounds within industrial wastes to partly defray Veridium's variable costs. In the process, Veridium's clients eliminate their ongoing environmental liability, qualify for exemption from generation taxes, and reduce their ongoing regulatory expenses while Veridium favorably reduces the burden on virgin natural resources both by offsetting its own need for virgin chemical compounds and by providing smelters and metal manufacturers with valuable secondary commodities that are refined further and returned to commerce.
Be it through GreenWorks' provision of green engineering services that clean contaminated properties, or Inseq's development of an exchange for the efficient distribution of secondary commodities among industrial manufacturers, or Veridium's value-added recycling services, these incremental green shifts bring to pass compelling changes with a cumulative effect.
This effect is the core of our business model and the foundation of our investment strategy moving forward.
The formation of our industrial design group, GreenShift Industrial Design, is in particular meant to drive this effect, and we have structured GIDC in a way that we believe will bring substantial positive benefits to our shareholders.
GIDC is a 100% owned pre-revenue portfolio company that will hold all of the intellectual property that we either acquire or develop ourselves. Our intention is to capitalize GIDC in the immediate term and acquire our initial wave of benchmark green technologies and products that we intend to use to 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.
GIDC has already identified and is currently negotiating to acquire and/or license our initial wave of technologies. Importantly, we intend to refine "killer apps" of these technologies that are strategically compatible with our portfolio companies and we intend to then sub-license and/or transfer these technologies, as relevant, to our portfolio companies on favorable terms.
Our hope here is that this will simultaneously increase the intrinsic value of our portfolio companies while stimulating ongoing cash flows in the form of royalties into GIDC.
The BDC Advantage
Congress created BDCs to encourage the flow of public capital to companies with limited access to strategic investment and other needed resources while providing public investors with a regulated vehicle through which they can provide and earn returns from venture capital.
As a BDC, we believe that we offer strong advantages to our portfolio companies, including a nearly perpetual capital base that enables us to support them through economic trends.
By investing in GreenShift, our investors have the opportunity to receive benefits not usually associated with other investment vehicles - transparency, liquidity, current dividend income, and an investment in a diversified portfolio of socially responsible companies that each operate on the premise that supporting the environment is about efficiency and profit.
Importantly, our tax structure requires that we pay out most of our taxable income each year in the form of dividends. This provides our shareholders with significant current income and we intend to pay a dividend this year and to do so on a regular quarterly basis in future years.
In closing, I would like to welcome you to GreenShift and I thank you for your investment interest as we begin what I believe will be an extremely exciting growth process. We are pleased with our progress during our first quarter of operation and are enthusiastic about our path going forward. We are grateful for your continued support and involvement and look forward to future communications.
Best Regards,
Kevin Kreisler Chairman and Chief Executive Officer GreenShift Corporation
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 contribute to the resolution of environmental challenges.
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 growth stage public and private businesses and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. 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 http://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
Jim Grainer, President and Chief Financial Officer of GreenShift Corporation, Phone: +1-973-398-8183, Fax: +1-973-398-8037, Email: investorrelations@greenshift.com; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide, for Greenshift
Copyright (C) 2005 PR Newswire. All rights reserved.
Posted by Malloy on :
Incode Announces Design and Manufacturing Projects With Copper Tire
Monday , June 20, 2005 09:07 ET
MOUNT ARLINGTON, N.J., June 20, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced the continuation of design and manufacturing projects between the Company's design subsidiary and Copper Tire & Rubber Company (NYSE: CTB).
The projects are for the design and manufacturing of specialized equipment used in the process for manufacturing tires worldwide. The Company expects work to continue through the balance of 2005 and into 2006.
"We are enthusiastic to have the opportunity to work with Copper," said Tony Warnecke, president of the Company's design subsidiary. "Copper is a global leader in the manufacturing and sales of tires. Copper is an important and valuable contributor to the local and the domestic economy, and is an exciting and financially material client for us and we look forward to continued opportunities to service their needs."
With more than $6 million in annual revenue, the Company's design subsidiary serves as a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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 Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer, Inseq Corporation, +1-973-398-8183, Fax: +1-973-398-8037, investorrelations@inseq.com; Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide for Incode Technologies Corporation
Copyright (C) 2005 PR Newswire. All rights reserved.
Posted by realityinc21 on :
Moving nice with news..
Posted by Malloy on :
huge shake but nice bounce...
Posted by Sgt. Steiner on :
I have been wrong before but it seems we dropped on good news today. They have ran this thing up with a string of pr's I don't think they can run it any higher who knows but Im out
Posted by Malloy on :
Incode Executes Letter of Intent to Acquire Metals Distributor
The Company expects that its consolidated revenues and EBITDA upon completion the intended MPD acquisition will be in excess of $21 million with more than $2.1 million in EBITDA.
FULL PR:
Incode Executes Letter of Intent to Acquire Metals Distributor
Tuesday , June 21, 2005 08:00 ET
MOUNT ARLINGTON, N.J., June 21, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced that it has executed a letter of intent to acquire a Metal Processing and Distribution Company ("MPD").
The letter of intent with MPD calls for closing during the third quarter 2005 and a total purchase based on a multiple of five times MPD's adjusted EBITDA, which is estimated to be about $1.5 million per year. The acquisition is intended to be completed on the basis of $2.5 million in cash at closing. The remainder of the purchase price is intended to be paid in the form of milestone payments, earn-outs, which will include performance based hurdles of $1.2 million in EBITDA, and term notes, which will be subject to downward adjustment in the event that MPD's trailing three-year average EBITDA on the third anniversary of closing is less than $1.5 million. MPD's key management will stay on to run the division and will execute three year employment agreements with the Company.
MPD provides value-added metals processing services and distributes a full line of metal products. MPD services its several hundred customers out of its ISO 9002 certified, strategically-located, North Eastern U.S. based processing and distribution facility.
The Company expects that its consolidated revenues and EBITDA upon completion the intended MPD acquisition will be in excess of $21 million with more than $2.1 million in EBITDA.
The Company intends to complete the MPD acquisition with a mixture standard conventional debt and equity on terms that the Company expects to be accretive to shareholder wealth.
The Company has already received a term sheet from GreenShift Corporation (OTC Bulletin Board: GSHF), a business development company that owns a 70% stake in the Company, to support the Company's acquisition of MPD with up to $600,000 in favorable equity financing in return for preferred stock in the Company with a fixed conversion price of $0.01 and a 10% coupon.
"We expect this intended acquisition to be strategic to Incode in several ways," said Kevin Kreisler, chairman and chief executive officer of GreenShift and chairman of the Company. "First, MPD's pool of talent and distribution capabilities is strategic to Incode's planned new secondary commodities distribution portal. Second, MPD's processing and supply -- and demand -- side distribution capabilities are strategic to Incode's existing manufacturing operations. And, third, MPD's relative financial position is strategic to Incode's goal of acquiring companies that strengthen Incode's balance sheet sufficiently to allow it to reduce or prevent the dilutive impact of its current equity-based convertible debentures by refinancing with standard conventional credit."
Kreisler added, "As a business development company, GreenShift's chief goal is to enhance its own value by helping to drive the value of its portfolio companies. Our immediate focus with Incode is to help it complete transactions that accelerate an increase in its intrinsic value through the reduction of debt, the favorable use of Incode's equity and the growth of Incode's cash flows. We believe that Incode's intended acquisition of MPD will be a critical next step in Incode's growth into a substantial enterprise, and we are looking forward to helping Incode close this transaction in the third quarter 2005."
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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 Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer of Inseq Corporation, +1-973-398-8183, Fax: +1-973-398-8037, investorrelations@inseq.com; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide
Copyright (C) 2005 PR Newswire. All rights reserved.
Posted by realityinc21 on :
.002 bounce play..
Posted by Malloy on :
They finally corrected the COOPER Tire, not Copper.
/C O R R E C T I O N -- Incode Technologies Corporation/
Tuesday , June 21, 2005 11:09 ET
MOUNT ARLINGTON, N.J., June 20, 2005 /PRNewswire-FirstCall via COMTEX/ --In the news release, Incode Announces Design and Manufacturing Projects With Cooper Tire, issued yesterday, June 20, Incode Technologies Corporation over PR Newswire, we are advised by a representative of the company that Cooper Tire & Rubber Company had been misspelled as Copper Tire & Rubber Company throughout the release.
Complete, corrected release follows:
Incode Announces Design and Manufacturing Projects With Cooper Tire
Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced the continuation of design and manufacturing projects between the Company's design subsidiary and Cooper Tire & Rubber Company (NYSE: CTB).
The projects are for the design and manufacturing of specialized equipment used in the process for manufacturing tires worldwide. The Company expects work to continue through the balance of 2005 and into 2006.
"We are enthusiastic to have the opportunity to work with Cooper," said Tony Warnecke, president of the Company's design subsidiary. "Cooper is a global leader in the manufacturing and sales of tires. Cooper is an important and valuable contributor to the local and the domestic economy, and is an exciting and financially material client for us and we look forward to continued opportunities to service their needs."
With more than $6 million in annual revenue, the Company's design subsidiary serves as a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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 Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer, Inseq Corporation, +1-973-398-8183, Fax: +1-973-398-8037, investorrelations@inseq.com; Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide for Incode Technologies Corporation
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
For more about this candlestick click here.
The last two candlesticks formed a Bullish Piercing Line Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
Nice news again today. This time it's working.
Posted by realityinc21 on :
Posted by Malloy on :
Having fun reality!!!
Up 55%
:-)))
Posted by realityinc21 on :
Rocking
Posted by realityinc21 on :
Kicking AZZ and taking names...lol
Posted by Malloy on :
Well, that was fun...ty for the x run.
Waiting for bounce now.
Posted by realityinc21 on :
Posted by realityinc21 on :
We break thru that .0045 and we are heading for .006..That would make my day...lol
Posted by DJM on :
.0045 wall is history. Hehe.
Posted by realityinc21 on :
Posted by realityinc21 on :
I am out at .0052 Great day..
Posted by DJM on :
Out at .0053. Ditto Diana...
Posted by realityinc21 on :
Looking for the low to buy back in...I still think it will hit .006 JMHO
Posted by realityinc21 on :
back in at .0043
Posted by realityinc21 on :
NICE
Posted by realityinc21 on :
Got my .006---.0063 to be exact. I am outta. It will probably gap up--But I am taking my money.. Have a great nite folks.
Posted by Sgt. Steiner on :
Boy was I wrong glad I didnt sell
Posted by blueranger on :
i played this all day... hoped out at the eod
can we play this again tomorrow... i exspecting a gap then a pull back at 10:30
also look at aret 4 day run... ilco
anyone else got any ideas for tomorrow...
Posted by Sgt. Steiner on :
Ya it has to pull back. Im counting on SHGY to run tommorrow
Posted by Malloy on :
600% UP from first post. Finally some people getting attention :-)))
Posted by sunny on :
no one has posted on this in a while...heads up...it has moved up to 0074!!!!!
Should be good for some bounce plays now.
Posted by syncopation on :
Still has some legs this morning
Posted by Malloy on :
I'M loading for the penny break.
Posted by Malloy on :
Getting ready for eod rally.
Posted by Malloy on :
Incode Executes Green Technology Prototyping and Manufacturing Agreement With GreenShift Industrial Design Corporation Tuesday June 28, 10:00 am ET
MOUNT ARLINGTON, N.J., June 28 /PRNewswire-FirstCall/ -- Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT - News) today announced the execution of a manufacturing agreement with GreenShift Industrial Design Corporation ("GIDC"). Under the agreement, the Company will provide GIDC advanced prototyping services, manufacturing services, and the design and development of assembly lines and other automated manufacturing equipment as necessary for the commercial-scale production of equipment based on GIDC's technologies. The Company expects services under the agreement to commence in July 2005.
"GIDC's initial array of green technologies are intended reduce the generation of waste at the source," said Kevin Kreisler, chairman of the Company and the chairman and chief executive officer of GreenShift. "Some of our intended applications for these technologies include highly specialized proprietary equipment for sale to single clients and new commercial appliances that would be positioned for sale to an entire sector. Each application will require prototyping and manufacturing services that Incode's design subsidiary is well suited to provide."
Kreisler continued: "As a business development company, GreenShift's chief goal is to enhance its own value by helping to drive the value of its portfolio companies. While our immediate focus here is to help Incode increase the relative strength of its balance sheet, we are also focused on helping Incode increase its revenue and earnings. The agreement with GIDC is among several methods that we are using to accomplish this goal."
Both GIDC and Incode are portfolio companies of GreenShift Corporation (OTC Bulletin Board: GSHF - News), a business development company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. Incode is 70% owned by GreenShift Corporation.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
More information on Inseq is available online at http://www.inseq.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 Incode Technologies 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: Incode Technologies Corporation
Posted by blduncandc on :
Any predictions on this for the afternoon?
Posted by Malloy on :
GreenShift's Engineering Services Portfolio Company Reduces Debt
Wednesday, June 29, 2005 08:00 ET
MOUNT ARLINGTON, N.J., June 29, 2005 /PRNewswire-FirstCall via COMTEX/ --GreenShift Corporation (OTC Bulletin Board: GSHF) today announced its issuance of a commitment letter to its portfolio company, GreenWorks Engineering Corporation ("GEC"), a private environmental engineering services company, to support the reduction of GEC's debt by $1,000,000.
Earlier this month, GEC announced its plans to file a registration statement in the third quarter of this year with the Securities and Exchange Commission relating to a proposed initial public offering (IPO) of its common stock. GreenShift expects that the reduction of GEC's debt will enhance GEC's valuation in the IPO.
"As a business development company, GreenShift's chief goal is to enhance its own value by helping to drive the value of its portfolio companies," said Kevin Kreisler, chairman and chief executive officer of GreenShift and chairman of GEC. "GEC expects to complete one or more strategic acquisitions at the time of the IPO that are intended to increase GEC's book value and earnings. We believe that reducing GEC's debt prior to these intended events will increase the accretive impact of these transactions to GEC and thus enhance the intrinsic value of GEC."
Under the terms of the commitment, GreenShift has agreed to assume $1,000,000 of GEC's debt in return for a new class of preferred stock in GEC with a face value of $1,000,000, a fixed conversion into 10% of GEC no sooner than the fifth anniversary of closing, and a special quarterly dividend equal to 20% of GEC's pre-tax net income commencing April 1, 2006.
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 contribute to the resolution of environmental challenges.
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 growth stage public and private businesses and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. 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 http://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
Jim Grainer, President and Chief Financial Officer of GreenShift Corporation, +1-973-398-8183, Fax +1-973-398-8037, investorrelations@greenshift.com; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com both of KCSA Worldwide, for GreenShift Corporation
Copyright (C) 2005 PR Newswire. All rights reserved.
Posted by Malloy on :
MORE NEWS...see the 15M$ from another co. they want to aquire
Incode Provides Update on Its Merger With Inseq Corporation Wednesday June 29, 10:00 am ET
MOUNT ARLINGTON, N.J., June 29 /PRNewswire-FirstCall/ -- Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT - News), a development stage company, today announced that its anticipated reincorporation merger with its wholly owned subsidiary, Inseq Corporation, is expected to be completed on or about July 12, 2005 instead of the initially planned June 21, 2005. The delay in the expected completion date was due to some routine procedural issues associated with the merger.
After the merger, the new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Primary commodities include raw materials that are extracted and refined from natural resources for use by manufacturers worldwide in their production processes. These processes invariably result in the production of partially consumed, or secondary, industrial by-products that often have reuse potential but are instead discarded.
The Company recently announced its execution of a letter of intent to acquire a Metal Processing and Distribution Company ("MPD") that is expected to add an estimated $15 million in annualized sales and $1.5 million in EBITDA to the Company. The Company expects to complete this acquisition in the third quarter of 2005.
Upon the completion of this intended acquisition, Inseq's gross revenues and EBITDA are expected to be about $21 million and 2.1 million, respectively.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode is 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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: Incode Technologies Corporation
Posted by sunny on :
This just dipped and is turning around!
BOUNCE!!!!
Posted by sunny on :
moving up from 0045...now at 0051.
RSI looking good...
Posted by kanalgeruch on :
yes, I think we hit the lod..seemed to me like a good entry point..
Posted by sunny on :
I think so, too.
With the pull back this morning, ICDT has readjusted itself and can bounce...
ASK moving up to 0052 now...just the other day it hit 0095....so there's room to move on up. lol
Posted by sunny on :
raising bid...0051.
Posted by sunny on :
.0053...lovin' it!
Posted by realityinc21 on :
I am in it.....0048
Posted by sunny on :
Hey there!
I thought I was talking to myself...lol
good to have company on this one.
Posted by sunny on :
RSI 65...macd and hist lines looking good.
Posted by realityinc21 on :
.0054
Posted by realityinc21 on :
Come on I just want .007 lol That would be a nice bounce...
Posted by sunny on :
I think I'm ready to see 0055 now....
Posted by Malloy on :
NEWS AGAIN
Incode Announces Design and Manufacturing Project With HiSan Incorporated Wednesday June 29, 11:33 am ET
MOUNT ARLINGTON, N.J., June 29 /PRNewswire-FirstCall/ -- Incode Technologies Corporation (OTC Bulletin Board: ICDT - News; the "Company") today announced the continuation of design and manufacturing projects between the Company's design subsidiary and HiSan Incorporated, a 50-50 joint venture of ITT Industries, Inc., and Sanoh Industrial Co., Ltd. ADVERTISEMENT
The projects are for the design and manufacturing of specialized equipment used in the manufacturing of innovative automotive products at HiSan's Findlay Plant. The Company expects its work will continue through the balance of 2005 and at least through all of 2006.
"These projects are exciting for us because it provides us with additional opportunities to provide equipment and services that are integral to the production of some of the automotive industries' leading brands," said Tony Warnecke, president of the Company's design subsidiary. "HiSan's commitment to quality and continuous improvement makes their choice to use our team for their technologically advanced manufacturing needs particularly satisfying. We are proud to have the continued opportunity to service their needs."
"Incode's design group, Warnecke Design Service, Inc., remains at the cutting edge of machine control and automation technology," added Kevin Kreisler, chairman of the Company and chairman and chief executive officer of GreenShift Corporation. "They have multiple areas of expertise with specialists in PLC programming, robotics, mechanical and electrical design, among other areas, and their projects contribute to the production of some pretty impressive companies in the automotive industry, including HiSan, Honda, and Ford, while generating financially material revenues for Incode."
With more than $6 million in annual revenue, the Company's design subsidiary, Warnecke Design Service, Inc., serves as a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services.
HiSan is a 50-50 joint venture of ITT Industries and Sanoh Industrial Co., Ltd., and leverages a global network of industry-leading technology, engineering, and production to develop competitive high-performance fluid handling solutions. More information on HiSan is available online at http://www.hisan.com , and additional information on ITT and Sanoh is available online at http://www.itt.com and http://www.sanoh.com .
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode is 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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: Incode Technologies Corporation
Posted by sunny on :
Thanks Malloy.
This company is making money...has projects currently being worked on and more in the works...
Seems like a good company. IMO
Posted by Malloy on :
Big accumulation in the lower .005s, upper .004s.
They played the same way on the first run around .002s before jumping to .009
I'm in for the penny break.
Posted by sunny on :
looks like others liked that press release, too.
momentum picking up...LOL
Posted by sunny on :
THANK YOU!!! I was watching every little tick and was thinking the same thing...getting mighty irked while watching...feeling better now.
You see those buys going through???
Posted by sunny on :
WOOOOOOT 0055....Now I'm getting REAL happy!
Posted by sunny on :
0057...Yeah baby!
Posted by Malloy on :
Breaking...weee
Posted by sunny on :
Glad I have company...I've been talking to myself...just for validation...me, myself and I are quite happy right now!
Posted by realityinc21 on :
.006
Posted by sunny on :
Made some money on this one yesterday...will be keeping an eye on it for a low...
Good luck everyone!
Posted by sunny on :
Moving again.
Been moving between 005 and 006.
Posted by Malloy on :
When you look at chart, it's obvious this one ready for another run today or tuesday.
Posted by sunny on :
Put this on my watch list for today....
Malloy, you still in this?
Posted by Malloy on :
Yep. Watching closely today.
quote:Originally posted by sunny: Put this on my watch list for today....
Malloy, you still in this?
Posted by sunny on :
006...on the go this morning.
Posted by Malloy on :
.006 gone...here we go
Posted by Malloy on :
.0065 :-))
Posted by sunny on :
Wow!
0068...my prophet.net is down today...can't see the charts...feel like I'm flying blind!
Posted by bullish_pennystocks on :
21m rev after merger-Upon the completion of this intended acquisition, Inseq's gross revenues and EBITDA are expected to be about $21 million and 2.1 million, respectively.
GreenShift Acquires Stake in Ethanol Oil Recovery Systems Thursday June 30, 8:00 am ET Breakthrough Green Technology Efficiently Converts Corn Oil Into Biodiesel Fuel
Posted by Malloy on :
ICDT/GSHF news...retains CEOcast for investors relations
Back at hod .0068....that's the next big step.
Posted by bullish_pennystocks on :
this will run like TNOG to 5-6 cents before July 12 merger
Posted by kanalgeruch on :
.0072...might reach today the magical .01 barrier...
Posted by bullish_pennystocks on :
EASY .01 today and continuos rally like TNOG to 5-6c by 12th
Posted by bullish_pennystocks on :
nice consolidation now..i see a big run afternoon to .0090 and beyond
Posted by bullish_pennystocks on :
nice bottom now at .0056..more news expected
Posted by bullish_pennystocks on :
.0062 now..bids building..may close near .0070 as news may come
Posted by bullish_pennystocks on :
.0056 good buys
Posted by realityinc21 on :
Looking for the low again.. This has been a great trader..
Posted by Malloy on :
...a good swinger indeed
Posted by realityinc21 on :
YYEEEEHAAAAA
Posted by Malloy on :
Nice swing again...strong finish...should gap monday.
...swings so much, about to enter in a dance contest :-)
Posted by realityinc21 on :
Malloy-Excellant Swing/Day trade. Jumped in Heavy at .0051 on Fri. Still owned some at .0055 from Thurs. Nice run with big block buys. Accumulation in my opinion for a run. While it is accumulating I have been trading a regular from .0051 to .006. Very predictable for a micro penny.
I have been buying a selling 500000 shares at the low of the day and been clearing $400 to $500 a 2 day swing since this was .0022.
AB has it now as a hold.
The spread play is outstanding opportunity without the usual Micro penny risk. JMHO Keep a close eye on Level 11's and follow the MM's.
MOUNT ARLINGTON, N.J., July 12, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT), president and chief executive officer Jim Grainer issued the following letter to its shareholders:
Dear Shareholders:
Our developments this past quarter, when taken with the imminent completion of our reincorporation merger this week with Inseq Corporation, a wholly owned subsidiary of the Company, mark what we view as the end of the Company's transition from a development stage company to a viable operating company with an exciting future planned out.
Notable developments that contributed to this included: * The continued development by Inseq of the recently acquired core platform and other technologies that we expect will be integral to the Company's secondary commodities trading operations moving forward; * The completion by Inseq of its acquisition of Warnecke Design Services, Inc., an acquisition that added about $6 million in annualized sales with about 10% EBITDA margins; * The execution by Inseq of a letter of intent to acquire a metals processing and distribution company ("MPD"), which will bring Inseq to approximately $21 million in revenue and $2.1 million in EBITDA; * The execution by Inseq of a Strategic Alliance with UTEK Corporation to identify proprietary technology transfer opportunities from universities and laboratory research centers; * The execution by Inseq of a Green Technology Prototyping and Manufacturing Agreement with GreenShift Industrial Design Corporation that we hope will generate substantial revenues from the manufacturing and distribution of GreenShift Industrial Design's planned line of residential and commercial recycling and waste reduction appliances and equipment; and, * The restructuring of our debentures relating to the Company's former operations, which we hope will facilitate our intended future refinancing of our equity-based convertible debentures with standard conventional credit in line with our intended acquisition of companies like MPD that we are targeting to strengthen the Company's balance sheet.
The Company also worked to increase the relative strength of the Company's balance sheet the quarter, and the Company received a favourably structured investment of $400,000 from GreenShift Corporation (OTC Bulletin Board: GSHF), the Company's majority investor, to help increase our intrinsic value.
After completion of the Company's merger this week, the Company will market ourselves under the brand INSEQ, which stands for the International Secondary Commodities Exchange, and the Company mission is to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Growth Plans
Moving forward, the Company's key goals for the balance of this year include:
* Completing the Company's intended acquisition of MPD during the third quarter; * Locating and completing additional strategically compatible acquisitions that will bring the Company's consolidated annualized revenues to in excess of $40 million and our annualized EBITDA to more than $4 million; * Continue implementing the Company's plans to reduce the balance of the Company's convertible debentures with conventional and non-equity based sources of debt in conjunction with completing the Company's planned acquisitions; * Identify and secure, through the Company's alliance with UTEK, the rights to at least one new patented and/or proprietary and strategically compatible technology; and, * Increase revenue and earnings at each of the Company's operating groups and through the manufacturing and distribution of GreenShift Industrial Design's planned line of residential and commercial recycling and waste reduction appliances and equipment commencing this month.
Finally, and in response to many of your questions regarding the Company's capital structure: (1) the Company has no intention of completing a reverse split during 2005, 2006 or for the foreseeable future and (2) the Company's current fully diluted shares of capital stock outstanding are broken down approximately as follows:
Series A Preferred (Shown Fully Converted into Restricted Common): About 2,500,000,000 Series B Preferred (Shown Fully Converted into Restricted Common): About 180,000,000 Balance of Common Stock: About 1,110,000,000 -- Restricted Shares of Common Collateralizing Equity Based Debentures (300,000,000) -- Restricted Shares of Common Issued in Connection with Equity Based Debentures (300,000,000)
The Company's Series A Preferred stock is held by GreenShift Corporation, our majority investor.
While it has been somewhat slow going during the Company's first six months this year, the Company is pleased with its progress and we are very enthusiastic about the Company's prospects for growth. We are grateful for your continued support and involvement. I look forward to our next communication.
Best Regards, Jim Grainer President and Chief Executive Officer Inseq Corporation
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity under the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies that positively impact the use of natural resources.
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 Incode Technologies 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 Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer of Inseq Corporation, +1-973-398-8183, Fax: +1-973-398-8037, investorrelations@inseq.com; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide
Copyright (C) 2005 PR Newswire. All rights reserved.
Posted by DJM on :
Moving today
Posted by kanalgeruch on :
nice steady buying pressure with higher volume than in the last few days..but no breakout (yet)
Posted by DJM on :
News today:
Incode Completes Merger with INSEQ Corporation PR Newswire - July 14, 2005 11:37 Consolidated Company to Commence Trading on July 15, 2005
MOUNT ARLINGTON, N.J., July 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- Incode Technologies Corporation ("Incode") (OTC Bulletin Board: ICDT), today announced that its reincorporation merger with INSEQ Corporation ("INSEQ") became effective yesterday, July 13, 2005. INSEQ, who is the survivor of the transaction, merged with Incode on a share for share basis.
INSEQ will commence trading tomorrow, July 15, 2005, on the over the counter bulletin board maintained by the NASD under the symbol INSQ.
INSEQ's business model is to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics through the following activities:
-- Manufacturing - INSEQ intends to acquire strategically compatible manufacturers that bring additional revenue and earnings to INSEQ but that also have operations capable of manufacturing strategically compatible equipment and appliances; -- Distribution - INSEQ is developing an online secondary commodities trading portal that is planned to enable the increased distribution of partially consumed metals, chemicals, plastics and fuels, as well as other secondary commodities, and INSEQ intends to acquire distributors of selected high-volume liquid classes of these materials; -- Technology Acquisition - INSEQ intends to acquire, itself and through its alliance with UTEK Corporation, the rights to commercially-viable, strategically compatible proprietary technologies that contribute to INSEQ's mission; and, -- Production - INSEQ intends to leverage all of the above activities to produce selected green metals, chemicals, plastics and fuels from secondary commodities, which INSEQ then intends to offer for sale and distribute through its planned new secondary commodities trading portal.
INSEQ's current sales are about $6 million per year and are planned to increase to $21 million per year after INSEQ completes its planned acquisition of a metals processing and distribution company during the third quarter 2005. INSEQ hopes to complete additional acquisitions before the end of this year that are intended to bring INSEQ's annualized sales to in excess of $40 million.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to 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 contribute to the resolution of environmental challenges.
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 Incode Technologies 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 INSEQ Corporation
Jim Grainer, President and Chief Financial Officer of INSEQ Corporation, +1-973-398-8183, or fax, +1-973-398-8037, or investorrelations@inseq.com; or Michael Cimini, +1-212-896-1233, or mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, or grussell@kcsa.com, both of KCSA Worldwide