posted
This is now .005 after the merger... any opinions
Incode Completes Merger with INSEQ Corporation Thursday July 14, 11:37 am ET Consolidated Company to Commence Trading on July 15, 2005
MOUNT ARLINGTON, N.J., July 14 /PRNewswire-FirstCall/ -- Incode Technologies Corporation ("Incode") (OTC Bulletin Board: ICDT - News), 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 - 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.
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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posted
I'm holding some of this, steady PR, all good and price is right...looks like a real company with sales and plans for growth. I was looking to play high/low for a few weeks...
-------------------- If only I knew then what I know now Posts: 145 | From: Madison | Registered: Apr 2005
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GreenShift Announces New Commercial Appliance for Reduction of Plastic Waste PR Newswire - July 18, 2005 08:01
MOUNT ARLINGTON, N.J., July 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that its wholly owned portfolio company, GreenShift Industrial Design Corporation ("GIDC"), has completed its conceptual design of a new commercial appliance for the reduction of plastic waste produced by the food services industry.
Studies indicate that about 1.5 pounds of trash are produced for each fast food restaurant meal served, of which 50.5% is paper, 13.6% is plastics and 1.1% is glass. The new GIDC appliance specifically aims to reduce the contribution to this made by unused plastic beverage lids.
According to a study published by the Freedonia Group, Inc., the food services industry purchased about 100 billion plastic beverage lids during 2003 for about $0.005 each or for a total of about $500 million.
Some industry sources estimate that more than 10% of all plastic lids purchased are discarded unused. This equates to about 10 billion unused plastic lids per year with a value of about $50 million.
Design Goal #1: Increase Profit
Unused plastic lid waste is generated mostly because of how lids are currently handled and dispensed -- most conventional methods force consumers to handle multiple lids in order pick up a single lid, which creates waste, clutter and other sanitary issues. GIDC's new OneLid(TM) appliance is designed to minimize waste by ensuring that food service customers are presented with only one lid and by allowing restaurant staff to easily improve the handling of their inventory.
GIDC estimates that OneLid(TM) will allow operators of food service establishments to save from $1,000 to as much as $3,000 per year. Assuming a 5% profit margin, $1,000 in annual savings is equivalent to $20,000 in added sales per restaurant.
Design Goal #2: Leverage Increased Profit to Achieve Compelling Environmental Gain
1,000 plastic lids weigh about 5 pounds, which means that about 500 million pounds of plastic lids were purchased in 2003, of which in excess of about 50 million pounds were discarded unused. GIDC hopes OneLid(TM) will reduce this unnecessary waste and believes that doing so can be expected to benefit the environment in the following important ways:
-- Increased conservation of fossil fuel resources and other raw materials used in plastics manufacturing and due to the decreased need to transport and dispose or incinerate discarded plastic lids; -- Reduced generation of waste and waste management costs for food service establishments; and, -- Reduced generation of greenhouse gases and other pollutants due to the increased conservation of plastic and the decreased generation of plastic wastes.
Kevin Kreisler, GreenShift's chairman and chief executive officer, said, "This is an incremental advance that we see as an excellent demonstration of how we can and should be using our natural resources better, and how a small stride forward in technology and methodology, applied profitably, can enable very substantial environmental gains."
GIDC expects to file its patent applications for the new appliance in the immediate term, and plans to start marketing the appliance this quarter to specific early-adopters under the brand OneLid(TM). OneLid(TM) specifications and other relevant information will be made available after GIDC files its patent applications for the new appliance.
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
posted
INSEQ Granted Exclusive Manufacturing and Distribution Rights to OneLid(TM) PR Newswire - July 18, 2005 10:00
MOUNT ARLINGTON, N.J., July 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- INSEQ Corporation ("INSEQ") (OTC Bulletin Board: INSQ), today announced its execution of an amendment to its agreement with GreenShift Industrial Design Corporation ("GIDC") granting INSEQ exclusive manufacturing and distribution rights to GIDC's OneLid(TM) appliance.
Under the terms of the amendment, INSEQ's manufacturing division will design and build the automation equipment necessary to meet GIDC's production benchmarks, and then manufacture, distribute and sell OneLid(TM) appliances to retail and selected wholesale clients in the food services industry. GIDC will provide financial support and will receive a royalty equal to 10% of all gross sales of OneLid(TM) appliances, with a minimum royalty requirement of $1 million in 2006 and $2 million in 2007.
Some industry sources estimate that the food services industry disposes more than 10 billion unused plastic beverage lids per year in the U.S. alone with a retail value of about $50 million per year. Unused plastic lid waste is generated mostly because of how lids are currently handled and dispensed - most conventional methods force consumers to handle multiple lids in order to pick up a single lid, which creates waste, clutter and other sanitary issues.
OneLid(TM) is designed to minimize waste by ensuring that food service customers are presented with only one lid and by allowing restaurant staff to easily improve the handling of their inventory. With a sleek, customer friendly design and a form factor that allows for convenient placement, OneLid(TM) appliances will be an affordable way for food service establishments to save money on purchases while reducing waste disposal costs.
"We are extremely excited to have this opportunity," said Tony Warnecke, president of INSEQ's design and manufacturing subsidiary. "GreenShift has set some aggressive but achievable goals relative to its Early Adopter sales targets and we are very much looking forward to getting to work immediately."
Kevin Kreisler, INSEQ's chairman and the chairman and chief executive officer of GreenShift Corporation (OTC Bulletin Board: GSHF), said that "OneLid(TM) is a simple but, in our view, potent example of how we can be smarter about how we use our resources and how we can be more profitable by doing so -- GIDC estimates that OneLid(TM) appliances will allow operators of food service establishments to save from $1,000 to as much as $3,000 per year."
"While the exact size of the OneLid(TM) target market is difficult to assess with precision, industry sources estimate that the global market for these appliances is in excess of 1.5 million units," added Warnecke. "Devices that attempt to accomplish the same goals as OneLid(TM) are currently on the market, but they are, in our view, ineffective and not customer-friendly and their form factor is cumbersome. While these devices retail for about $200 per unit, they are not widely used."
Kreisler added: "GIDC's design goals here were to devise an appliance that increased profit for its target market and then to leverage that profit to achieve a compelling environmental gain. With OneLid(TM), that gain can be measured in the reduced generation of waste, reduced consumption of fossil fuels and reduced emission of greenhouse gases. The speed with which this environmental gain becomes real, and the magnitude of the gain, will be directly related to how quickly INSEQ can move product to its planned future customers."
"The purpose of GIDC's Early Adopter Program is to test a new pricing model that we believe will enhance sales cycles and get more product out on the street quicker -- under the program, INSEQ will sell OneLid(TM) appliances to early-adopters for no up-front cost but will instead charge on a per-lid basis for a defined period of time," concluded Kreisler.
GIDC and INSEQ plan to start marketing OneLid(TM) this quarter to specific early-adopters, and OneLid(TM) specifications and other relevant information will be made available next month.
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 http://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, 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 for INSEQ Corporation
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