gunna get in on this one tomorrow... thought it might be worth your while to take a look for yourselves...
Posts: 30 | Registered: Apr 2006
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posted
Veridium Receives Sixth Order for New Ethanol By-Product Recovery Technology; System to Bring Company to $8.4 Million In Annualized Revenues From New Clean Technology
NEW YORK--(BUSINESS WIRE)--April 17, 2006--Veridium Corporation (OTC Bulletin Board: VRDM) today announced its receipt of an order from an Iowa based ethanol producer for the use of Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). The new system is scheduled for installation later this year at the Iowa ethanol production facility, where it is expected to extract corn oil at a rate of about 1.2 to 1.5 million gallons per year.
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is not based on licensing or outright equipment sales, but rather on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices. Veridium will purchase and sell the extracted corn oil and generate an estimated $1.4 million to $1.8 million in annualized revenues from this one system once it has been installed.
The new order brings Veridium's expected total annualized ethanol oil recovery sales to between $8.4 million and $10.8 million per year.
David Winsness, chief executive officer of Veridium's industrial design division, stated that "ethanol is a basic commodity and we need more of it. While the industry builds out increased production infrastructure with new facilities, our patent-pending Corn Oil Extraction Systems(TM) and other proprietary technologies have been specifically engineered to help ethanol producers enhance production out of their existing plants in cost-effective and rapid ways. We are grateful and excited to have the opportunity to provide our ethanol clients with innovative and cost-effective options as they meet the increased demand for this valuable commodity."
About Veridium's Corn Oil Extraction System(TM)
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
-- Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced;
-- High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG;
-- Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
-- Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and,
-- Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods.
Pictures and video of the new Veridium technology are available online at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
-- Reduce the volume of waste generated by residential and commercial consumers;
-- Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and,
-- Increase the cost-efficiency of processing certain types of industrial wastes.
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Veridium Corporation Investor Relations 888-870-9197, ext. 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast, Inc. for Veridium CorporationEd Lewis, 212-732-4300
SOURCE: Veridium Corporation
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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quote:Originally posted by roachkiller1: go to this website and it will show you a list of ehtanol stocks. all of them have taking off this whole week.
Hi, what was the website address that you mentioned the ethanol stock listings on?
posted
Where's that craig guy now to trash VRDM? Saying it was doomed for .048 and we were all delusional for buying. I hope he was seriously trying to help us. Before I got into VRDM I contacted people who run ethanol plants and inquired on VRDM's system. They said good stuff and I saw strong volume, so I bought in at .041. I've since bailed half my position at .124 and let the rest ride for the long term because I believe this company has potential as I hear other plants want to get their system. My question is, am I foolish to simply hang on to the rest of my shares or should I sell the remainder on the current run and then buy again after a pull back? Or any other advice. I'm relatively new to pennies.
-------------------- Good judgment comes from experience. Unfortunately, experience usually comes from bad judgment. Posts: 205 | Registered: Mar 2006
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posted
you're in the middle of either a transition or an anomaly...
Ya, you're already safe on freebies...but why not lock in some profit, while leaving some DOD shares ("Do or Die")? The ratio is, of course, up to you.
1) You've protected capital, the cardinal rule
2) Where's your profit?
3) These *are* pennies--no matter how giddy peeps get...
posted
BT, very true. I did take some profit, but not that much. I'd like to hope this thing keeps running and maybe I'll sell half again. But when? I'm up some 500% on the remaining half. Am I just getting greedy now? I almost feel like it in a way. Coming into it I was going to be happy with 100% gain. Now I want to see 1000%. Yeah, I must be greedy.
-------------------- Good judgment comes from experience. Unfortunately, experience usually comes from bad judgment. Posts: 205 | Registered: Mar 2006
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posted
Veridium Amends License Agreement for Exclusive Rights to CO2 Bioreactor Tuesday April 18, 9:44 am ET Technology Enables Cost-effective New Supply of Ethanol Feedstock
NEW YORK--(BUSINESS WIRE)--April 18, 2006--Veridium Corporation (OTC Bulletin Board: VRDM - News) today announced its execution of an amended license agreement with Ohio University ("Ohio") for its patented bioreactor process for reducing greenhouse gas emissions from fossil-fuelled combustion processes.
Veridium's original license with Ohio provided for non-exclusive rights to the technology for the purpose of processing exhaust gas streams from electrical utility power generation facilities, and exclusive rights to the technology for applications involving all other sources. The amended license agreement increases the scope of Veridium's license to provide for exclusivity in all applications, including electrical utility power generation facilities.
Veridium's bioreactor technology is simple, robust and scalable, and was originally designed to reduce greenhouse gas emissions from fossil-fueled combustion processes. The technology is based on a new strain blue-green algae discovered thriving in a hot stream at Yellowstone National Park. The algae use the available carbon dioxide, water and light to grow new algae, giving off pure oxygen and water vapor in the process. Once the algae grow to maturity, they fall to the bottom of the bioreactor where the algae can be harvested for further refining several times per day.
A prototype of the technology was built that is capable of handling 140 cubic meters of flue gas per minute, an amount equal to the exhaust from 50 cars or a 3 megawatt power plant.
New Feedstock for Ethanol Production
Ethanol is made from starch-based feedstocks. The algae in the bioreactor convert exhaust carbon dioxide and sunlight into a biomass that is comprised of about 94% starch and about 6% oil. This exceeds the starch concentration in corn, the primary feedstock for domestic ethanol production today, which contains about 63% starch and 3-4% oil. Even more impressive is that the preliminary test data show a doubling of the biomass several times per day - a rate much faster than plants, and it does all of this on a footprint that is orders of magnitude less than the surface area required for crops.
Veridium's immediate focus for this technology is to deploy a commercial-scale pilot operation while seeking out qualified early adopters for deployment of the technology in the ethanol industry and in the traditional power generation industry.
"We have been focused on ethanol front for some time now and most of our current market development focus is on deploying technologies that enhance production efficiencies for existing ethanol facilities," said David Winsness, chief executive officer of Veridium's industrial design division. "Our bioreactor technology is just one of several such technologies that we plan to roll out this year."
Earlier this year, Veridium filed for patent protection on its BioStarch Recirculation System(TM) - an implementation of Veridium's bioreactor technology that routes exhaust carbon dioxide from the fermentation stage of ethanol production facilities through a bioreactor that is specifically designed to be integrated with existing ethanol facilities.
"We believe that finding ways to rapidly squeeze more supply out of the existing production infrastructure is a critically necessary objective," said Winsness. "In conventional ethanol production, almost a third of the mass of the corn ends up in the form of exhaust. Our view is that carbon dioxide exhaust is a valuable resource that can be used to increase the current output of host ethanol facilities, and we think that we are going to see considerably more than 10% gains in production out of existing ethanol facilities with our patented and patent-pending technologies."
Conversion of Power Plant Exhaust
Winsness added: "Demand for ethanol is increasing and we believe that it will continue to exceed supply for the foreseeable future. We also believe that the rate of the increasing demand will continue to outpace the rate of the increasing supply while we wait for new ethanol facilities to be built. While bringing our technologies to the ethanol industry remains our primary focus, we are also seeking out new low-cost and near-term sources of ethanol supply. We believe that the power generation industry is a perfect candidate for this given the capabilities of our bioreactor technology and we are excited to now have the exclusive rights to the underlying technology."
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
Reduce the volume of waste generated by residential and commercial consumers; Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, Increase the cost-efficiency of processing certain types of industrial wastes. Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact: Veridium Corporation Investor Relations 888-870-9197 - Extension 291 Fax: 646-792-2636 investorrelations*veridium.com www.veridium.com or CEOcast, Inc. for Veridium Ed Lewis, 212-732-4300
posted
Just remember to do your own DD and sell this when you see fit.
I have my sell price in mind over the coming two days.
I am planning to re-enter this at some point after I sell because I believe that strongly in Ethanol stocks right now.
I'd like to get in an Ethanol IPO when one comes out and let my money sit there for some time due to what the current Ethanol Big board stocks have done.
-------------------- Buy Low. Sell High. Posts: 10750 | From: The Land Of The Giants | Registered: Feb 2005
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