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WANG
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June 07, 2006 12:46 PM US Eastern Timezone

Hugo International Telecom Completes Acquisition of Mean Green BioFuels from GreenShift Corporation

NEW YORK--(BUSINESS WIRE)--June 7, 2006--Hugo International Telecom, Inc. (OTC Bulletin Board: HGOT) today announced it closed its acquisition of Mean Green BioFuels, Inc., from GreenShift Corporation (OTC Bulletin Board: GSHF), Hugo's majority shareholder.

Under the terms of the acquisition agreements, Hugo has acquired 100% of the issued and outstanding stock Mean Green BioFuels and its subsidiaries and exchange GreenShift's current 67% stake in Hugo in return for the assumption by Hugo of about $2.0 million of debt and the issuance to GreenShift of a new class of Hugo preferred stock that is convertible into 80% of Hugo's issued and outstanding stock.

Mean Green intends to finance, build and operate several biodiesel production facilities in the U.S. The feedstock for these facilities will include corn oil derived from ethanol facilities, soybean oil, and animal fats. Mean Green is designing its first planned biodiesel production facility to operate at 45 million gallons per year and to be expandable to accommodate growth. Each Mean Green biodiesel facility is expected to utilize traditional esterification and transesterification methods as well as other proprietary processes.

A key aspect of the Mean Green business model is its reliance on new sources of biodiesel feedstock's produced by its clean technology partner, Veridium Corporation (OTC Bulletin Board: VRDM), another GreenShift company.

Mean Green is party to a strategic alliance with Veridium pursuant to which Mean Green has the ongoing exclusive right of first refusal to purchase Veridium's various biodiesel feedstock's including the high grade corn oil that Veridium extracts from an ethanol by-product called distillers dried grain ("DDG") with Veridium's patent-pending Corn Oil Extraction System(TM).

Veridium's pricing model for its Corn Oil Extraction Systems(TM) is based on its 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 corn oil market prices. Veridium intends to purchase and sell its extracted corn oil as a high grade corn oil product until Mean Green's first biodiesel production facility commences operations, at which point Mean Green intends to purchase the oil from Veridium based on a fixed discount to prevailing fuel prices.

As previously announced, Hugo intends to change its name to GS AgriFuels Corporation in conjunction with the closing of this acquisition.

About Hugo International Telecom, Inc.

Hugo International Telecom is 67% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), 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 Hugo International Telecom, Inc., 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.

Contacts


Hugo International Telecom, Inc.
Investor Relations:
888-895-3585 x 291
Fax: 646-792-2636
or
CEOcast, Inc. for Hugo International Telecom
Andrew Hellman, 212-732-4300

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Stockstar69
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Am I understanding this correctly? GSHF basically traded the subsidiary in exchnge for the $2,000,000.00 debt?
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JW
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GSHF -- GreenShift Corp.
Com ($0.001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
GreenShift Completes Transition to Operating Company and Consolidation of Investments

NEW YORK, Jul 10, 2006 (BUSINESS WIRE) -- GreenShift Corporation (OTC Bulletin Board: GSHF) today announced the June 30, 2006 effective date of GreenShift's withdrawal of its election to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as well as the July 1, 2006 completion of GreenShift's consolidation of its clean technology and clean energy investments.

Transition to Operating Company

GreenShift's withdrawal of its April 2005 election to be regulated as a BDC was in part due to GreenShift's decision to change its business focus from an investment company to an operating company. During 2005 and early 2006, GreenShift acquired majority stakes in a number of operating companies. With its change in structure to an operating company, GreenShift will consolidate the revenue and earnings of its majority-held companies commencing with its fiscal quarter ended September 30, 2006. These companies currently generate about $30 million in annualized revenues with about 10% EBITDA margins.

Consolidation of Investments

GreenShift consolidated its majority- and minority-held investments in connection with its transition to an operating company to more effectively focus on the growth of these companies. Effective July 1, 2006, GreenShift's corporate structure was streamlined into the following majority-held operating subsidiaries:

GS AgriFuels Corporation
GS AgriFuels (OTC Bulletin Board: HGOT) intends to build and
operate several clean fuel production facilities in America
based on innovative new clean technologies with a focus on
biodiesel and alternative ethanol production. GS AgriFuels'
first planned production facility, Mean Green Biodiesel, is
designed to initially operate at 45 million gallons per year.
According to a feasibility study commissioned by Mean Green, a
plant of this magnitude can be expected to generate in excess
of $90 million in revenue per year.

GS Energy Corporation
GS Energy (OTC Bulletin Board: INSQ) will focus on the
distributed production of clean solar, wind, wave and hydro
power, and the sales of renewable energy and energy efficiency
certificates. GS Energy intends to invest aggressively in the
growth of its Sterling Planet renewable energy certificate
business and the development of distributed solar power
projects. Additionally, GS Energy's infrastructure support and
manufacturing division expects to grow this year through
increases in its clean technology equipment fabrication and
manufacturing business.

GS CleanTech Corporation
GS CleanTech (OTC Bulletin Board: VRDM) provides applied
engineering and industrial design services based on clean
technology and process innovations that make it cost-effective
and easy for you to recycle and reuse resources. GS CleanTech
is currently focused on delivering its technologies and
process innovations to the Ethanol Production Industry with a
view towards maximizing the yield of traditional corn-based
ethanol production. As GreenShift's repository of clean
technologies, GS CleanTech also holds minority stakes in
several innovative clean technology companies including
General Hydrogen Corporation, General Ultrasonics Corporation,
Ovation Products Corporation, and Aerogel Composite, Inc.

GS EnviroServices Corporation
GS EnviroServices provides diversified environmental services,
including site remediation, hazardous waste management, and
environmental engineering services. GS EnviroServices expects
to go public later this year and intends to grow through the
acquisition of strategically compatible environmental service
companies.


"We are excited by these changes," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "In addition to reducing our overhead and our administrative complexity, we believe that these transactions are timely given our growth during the past year and the recent surge in interest for green companies and clean technologies. The management teams of each division - AgriFuels, Energy, CleanTech and EnviroServices - have made exciting progress so far this year and we are very much looking forward to actively driving their growth."

About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GSHF) develops and supports clean technologies and companies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.

GreenShift focuses on supporting incremental advances in technologies and business practices that enable increased and sustainable profits on relatively small infrastructure investments while contributing to the resolution of compelling environmental challenges.

GreenShift's ambition is to catalyze the rapid realization of disruptive environmental gains by enabling and then leveraging the collective actions of a great many people and companies by showing them how to save money or to be more profitable.

Additional information regarding GreenShift is available online at www.greenshift.com.

Safe Harbor Statement

This press release contains statements that 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

CONTACT: GreenShift Corporation, 888-895-3585
Fax: 646-572-6336
investorrelations*greenshift.com
www.greenshift.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300
or
Public Relations:
Walek & Associates
Deborah McCandless, 212-590-0523
Fax: 212-889-7174
Mobile: 917-364-8824
dmccandless*walek.com
www.walek.com

--------------------
"Keep your stick on the ice, we're all in this togeather!"

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JW
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Press Release Source: GS CleanTech Corporation

GS CleanTech Executes Agreement with Ethanol Producer to Extract Corn Oil for Conversion into Biodiesel
Monday July 31, 3:35 pm ET

NEW YORK--(BUSINESS WIRE)--July 31, 2006--GS CleanTech Corporation (OTC Bulletin Board: GSCT - News) today announced its execution of a definitive agreement with an ethanol producer to extract about 1.2 million gallons per year of crude corn oil from the producer's distillers dried grains for conversion into a biodiesel feedstock using GS CleanTech's proprietary corn oil extraction technology.

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GS CleanTech's pricing model for its corn oil extraction technology is based on GS CleanTech's provision of turn-key extraction systems for no up-front cost in return for long-term agreements to purchase the extracted corn oil based on a fixed discount to prevailing fuel prices.

Under the terms of the agreement, GS CleanTech expects to generate an estimated $1.4 million to $1.8 million in annualized revenues by purchasing and selling the ethanol facility's extracted corn oil as a biodiesel feedstock.

"Our patent-pending Corn Oil Extraction Systems(TM) have been specifically engineered to help ethanol producers enhance production and increase revenues out of their existing crop in cost-effective and rapid ways," said David Winsness, GS CleanTech's president and chief operating officer.

GS CleanTech's Focus on Ethanol Production

GS CleanTech is currently focused on delivering its technologies and process innovations to the Ethanol Production Industry with a view towards maximizing the yield of corn-based ethanol production.

Traditional ethanol processing converts each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains (DDG), which contain about 2 pounds of fat. This corresponds to a corn to clean fuel conversion efficiency of about 33%, or about 2.8 gallons of clean fuel per bushel of corn. GS CleanTech's ambition is to increase this efficiency as much as possible.

GS CleanTech's patent-pending corn oil extraction and biodiesel processing technologies convert the fat in the DDG into a high grade corn oil that can then be converted into biodiesel on close to a 1:1 volumetric basis. This increases the corn to clean fuel conversion efficiency described above to 36%, or about 3.0 gallons of clean fuel per bushel of corn.

Winsness added: "The increased yield per bushel may not seem like much, but it adds up. Our corn oil extraction program allows a typical 50 million gallon per year ethanol production facility to increase their revenues by about 3.5%. That works out to as much as $4.7 million in additional annualized sales. We are very excited by the new agreement with the ethanol facility and, with many more systems in our hard sales pipeline, we look forward to increased opportunities to help ethanol producers and their communities maximize their fuel yield out of their existing crops."

One Kernel to Two Fuels with GS CleanTech's Corn Oil Extraction Systems(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 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 $0.035 per pound as commercial feed. GS CleanTech's corn oil extraction technology presents another option - cost effective conversion into biodiesel (Fuel #2).

GS CleanTech's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:

* Increased Revenue - The corn oil extracted is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
* Reduced Operating Costs and Emissions - Corn oil removal can improve drying efficiency by more than 10% with reduced natural gas or coal needs and reduced emissions (NOx, SOx, VOC, and CO2);
* 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; and,
* Increased Inclusion Rates - Corn oil removal can improve defatted DDG marketability and inclusion rates by reducing fat content.

Pictures and video of the GS CleanTech's corn oil extraction technology are available online at http://www.veridium.com/cornoil.php - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.

About GS CleanTech Corporation

GS CleanTech Corporation provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources.

GS CleanTech is a majority-owned subsidiary of GreenShift Corporation (OTC Bulletin Board: GSHF - News), a company devoted to facilitating the efficient use of natural resources.

Safe Harbor Statement

This press release contains statements that 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 GS CleanTech 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:

GS CleanTech Corporation, 888-895-3585
Fax: 646-572-6336
investorrelations*greenshift.com
www.greenshift.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300
or
Public Relations:
Walek & Associates
Deborah McCandless, 212-590-0523
Fax: 212-889-7174
dmccandless*walek.com
www.walek.com

Source: GS CleanTech Corporation

--------------------
"Keep your stick on the ice, we're all in this togeather!"

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JW
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Income Statement

http://finance.yahoo.com/q/is?s=gshf.ob

--------------------
"Keep your stick on the ice, we're all in this togeather!"

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JW
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Starting to get some interest:


Press Release Source: TDS (Telemedicine), Inc.

TDS Telemedicine Makes Announcement
Friday October 6, 8:00 am ET

NEW YORK--(BUSINESS WIRE)--TDS (Telemedicine), Inc. ("TDS") (Pink Sheets: TDSM - News), a development stage public company, announced its common stock will be trading under a new symbol as of the opening of the market on October 5, 2006. The new symbol, TDSM, was issued to TDS in connection with a reverse stock split of the company's common stock in a ratio of 1 for 100 that became effective on September 28, 2006.

ADVERTISEMENT
TDS is a development stage public company whose plan for 2006-2007 is to complete one or more acquisitions of strategically compatible companies. The common shares made available for issuance as a result of the reverse stock split will facilitate TDS's implementation of its plans. In addition, the reverse stock split makes it possible for TDS to fulfill its obligation incurred under a Management Services Agreement to issue shares to GreenShift Corporation (OTC Bulletin Board: GSHF - News), whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources. After the issuance of shares to GreenShift, GreenShift will own 89% of the outstanding shares of TDS. More information on GreenShift is available 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 TDS and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.


Contact:

GreenShift Corporation
212-994-5374
Fax: 646-572-6336
investorrelations*greenshift.com
www.greenshift.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300

Source: TDS (Telemedicine), Inc.

 -

--------------------
"Keep your stick on the ice, we're all in this togeather!"

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OILDOG
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"GreenShift's ambition is to catalyze the rapid realization of disruptive environmental gains by enabling and then leveraging the collective actions of a great many people and companies by showing them how to save money or to be more profitable." [Roll Eyes] [Roll Eyes]

Dont ya jest love the doublespeak bs pinks produce! [Eek!]

--------------------
It takes a lot of attaboys to make up for an aww chit

Posts: 483 | From: OK | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
   

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