posted
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
posted
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.
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
posted
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
posted
Dang I was really cashing in on this one now it seems the day traders have got ahold of O well on to the next one
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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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.
-------------------- DIANA Posts: 4447 | From: USA | Registered: Jan 2004
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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
posted
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
posted
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
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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