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Author Topic: ICDT - NEWS...Announces $2 Million Design and Manufacturing Agreement
Malloy
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Incode Executes Letter of Intent to Acquire Metals Distributor

The Company expects that its consolidated revenues and EBITDA upon completion the intended MPD acquisition will be in excess of $21 million with more than $2.1 million in EBITDA.

FULL PR:

Incode Executes Letter of Intent to Acquire Metals Distributor

Tuesday , June 21, 2005 08:00 ET

MOUNT ARLINGTON, N.J., June 21, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced that it has executed a letter of intent to acquire a Metal Processing and Distribution Company ("MPD").

The letter of intent with MPD calls for closing during the third quarter 2005 and a total purchase based on a multiple of five times MPD's adjusted EBITDA, which is estimated to be about $1.5 million per year. The acquisition is intended to be completed on the basis of $2.5 million in cash at closing. The remainder of the purchase price is intended to be paid in the form of milestone payments, earn-outs, which will include performance based hurdles of $1.2 million in EBITDA, and term notes, which will be subject to downward adjustment in the event that MPD's trailing three-year average EBITDA on the third anniversary of closing is less than $1.5 million. MPD's key management will stay on to run the division and will execute three year employment agreements with the Company.

MPD provides value-added metals processing services and distributes a full line of metal products. MPD services its several hundred customers out of its ISO 9002 certified, strategically-located, North Eastern U.S. based processing and distribution facility.

The Company expects that its consolidated revenues and EBITDA upon completion the intended MPD acquisition will be in excess of $21 million with more than $2.1 million in EBITDA.

The Company intends to complete the MPD acquisition with a mixture standard conventional debt and equity on terms that the Company expects to be accretive to shareholder wealth.

The Company has already received a term sheet from GreenShift Corporation (OTC Bulletin Board: GSHF), a business development company that owns a 70% stake in the Company, to support the Company's acquisition of MPD with up to $600,000 in favorable equity financing in return for preferred stock in the Company with a fixed conversion price of $0.01 and a 10% coupon.

"We expect this intended acquisition to be strategic to Incode in several ways," said Kevin Kreisler, chairman and chief executive officer of GreenShift and chairman of the Company. "First, MPD's pool of talent and distribution capabilities is strategic to Incode's planned new secondary commodities distribution portal. Second, MPD's processing and supply -- and demand -- side distribution capabilities are strategic to Incode's existing manufacturing operations. And, third, MPD's relative financial position is strategic to Incode's goal of acquiring companies that strengthen Incode's balance sheet sufficiently to allow it to reduce or prevent the dilutive impact of its current equity-based convertible debentures by refinancing with standard conventional credit."

Kreisler added, "As a business development company, GreenShift's chief goal is to enhance its own value by helping to drive the value of its portfolio companies. Our immediate focus with Incode is to help it complete transactions that accelerate an increase in its intrinsic value through the reduction of debt, the favorable use of Incode's equity and the growth of Incode's cash flows. We believe that Incode's intended acquisition of MPD will be a critical next step in Incode's growth into a substantial enterprise, and we are looking forward to helping Incode close this transaction in the third quarter 2005."

About Incode Technologies Corporation

Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.

Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.

More information on Inseq is available online at http://www.inseq.com.

Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.

Safe Harbor Statement

This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

SOURCE Incode Technologies Corporation

Jim Grainer, President and Chief Financial Officer of Inseq Corporation,
+1-973-398-8183, Fax: +1-973-398-8037, investorrelations@inseq.com; or Michael
Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250,
grussell@kcsa.com, both of KCSA Worldwide

http://www.prnewswire.com

Copyright (C) 2005 PR Newswire. All rights reserved.

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realityinc21
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.002 bounce play.. [Big Grin]

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DIANA

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Malloy
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They finally corrected the COOPER Tire, not Copper.


/C O R R E C T I O N -- Incode Technologies Corporation/

Tuesday , June 21, 2005 11:09 ET

MOUNT ARLINGTON, N.J., June 20, 2005 /PRNewswire-FirstCall via COMTEX/ --In the news release, Incode Announces Design and Manufacturing Projects With Cooper Tire, issued yesterday, June 20, Incode Technologies Corporation over PR Newswire, we are advised by a representative of the company that Cooper Tire & Rubber Company had been misspelled as Copper Tire & Rubber Company throughout the release.

Complete, corrected release follows:

Incode Announces Design and Manufacturing Projects With Cooper Tire

Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced the continuation of design and manufacturing projects between the Company's design subsidiary and Cooper Tire & Rubber Company (NYSE: CTB).

The projects are for the design and manufacturing of specialized equipment used in the process for manufacturing tires worldwide. The Company expects work to continue through the balance of 2005 and into 2006.

"We are enthusiastic to have the opportunity to work with Cooper," said Tony Warnecke, president of the Company's design subsidiary. "Cooper is a global leader in the manufacturing and sales of tires. Cooper is an important and valuable contributor to the local and the domestic economy, and is an exciting and financially material client for us and we look forward to continued opportunities to service their needs."

With more than $6 million in annual revenue, the Company's design subsidiary serves as a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services.

About Incode Technologies Corporation

Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.

Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.

More information on Inseq is available online at http://www.inseq.com.

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

http://www.prnewswire.com

Copyright (C) 2005 PR Newswire. All rights reserved.

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Malloy
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Sgt. Steiner
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And it drops on news again not a good signal at all
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DJM
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MM's finally starting to let this one move again; NITE and SCHB on the bid, off the ask.
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realityinc21
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ICDT--News--dealing with HONDA AUTOMOTIVE

http://www2.barchart.com/news.asp?sym=icdt

BUY-IF


0.0027
+0.0004 +17.39%

Candlestick Analysis
Today’s Candlestick Patterns:

Long White Candlestick
Bullish Piercing Line


Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.

For more about this candlestick click here.

The last two candlesticks formed a Bullish Piercing Line Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.


http://stockcharts.com/def/servlet/SC.w...amp;pref=G

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DIANA

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Malloy
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Nice news again today. This time it's working.

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Malloy
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realityinc21
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[Big Grin]

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DIANA

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Malloy
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Having fun reality!!!

Up 55%

:-)))

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Malloy
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realityinc21
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Rocking [Big Grin]

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DIANA

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realityinc21
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Kicking AZZ and taking names...lol

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DIANA

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Malloy
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Well, that was fun...ty for the x run.

Waiting for bounce now.

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Malloy
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realityinc21
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[Big Grin]

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DIANA

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realityinc21
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We break thru that .0045 and we are heading for .006..That would make my day...lol

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DIANA

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DJM
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.0045 wall is history. Hehe.
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realityinc21
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[Big Grin]

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DIANA

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realityinc21
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I am out at .0052 Great day.. [Big Grin]

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DIANA

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DJM
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Out at .0053. Ditto Diana...
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realityinc21
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Looking for the low to buy back in...I still think it will hit .006 [Big Grin] JMHO

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DIANA

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realityinc21
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back in at .0043 [Big Grin]

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DIANA

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realityinc21
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[Big Grin] NICE

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DIANA

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realityinc21
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Got my .006---.0063 to be exact. I am outta. It will probably gap up--But I am taking my money.. [Big Grin] Have a great nite folks.

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DIANA

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Sgt. Steiner
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Boy was I wrong glad I didnt sell
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blueranger
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i played this all day... hoped out at the eod

can we play this again tomorrow... i exspecting a gap then a pull back at 10:30

also look at aret 4 day run... ilco

anyone else got any ideas for tomorrow...

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Sgt. Steiner
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Ya it has to pull back. Im counting on SHGY to run tommorrow
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Malloy
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600% UP from first post. Finally some people getting attention :-)))

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Malloy
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no one has posted on this in a while...heads up...it has moved up to 0074!!!!!

Should be good for some bounce plays now.

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syncopation
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Still has some legs this morning
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Malloy
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I'M loading for the penny break.

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Malloy
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Malloy
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Getting ready for eod rally.

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Malloy
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Incode Executes Green Technology Prototyping and Manufacturing Agreement With GreenShift Industrial Design Corporation
Tuesday June 28, 10:00 am ET


MOUNT ARLINGTON, N.J., June 28 /PRNewswire-FirstCall/ -- Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT - News) today announced the execution of a manufacturing agreement with GreenShift Industrial Design Corporation ("GIDC").
Under the agreement, the Company will provide GIDC advanced prototyping services, manufacturing services, and the design and development of assembly lines and other automated manufacturing equipment as necessary for the commercial-scale production of equipment based on GIDC's technologies. The Company expects services under the agreement to commence in July 2005.

"GIDC's initial array of green technologies are intended reduce the generation of waste at the source," said Kevin Kreisler, chairman of the Company and the chairman and chief executive officer of GreenShift. "Some of our intended applications for these technologies include highly specialized proprietary equipment for sale to single clients and new commercial appliances that would be positioned for sale to an entire sector. Each application will require prototyping and manufacturing services that Incode's design subsidiary is well suited to provide."

Kreisler continued: "As a business development company, GreenShift's chief goal is to enhance its own value by helping to drive the value of its portfolio companies. While our immediate focus here is to help Incode increase the relative strength of its balance sheet, we are also focused on helping Incode increase its revenue and earnings. The agreement with GIDC is among several methods that we are using to accomplish this goal."

Both GIDC and Incode are portfolio companies of GreenShift Corporation (OTC Bulletin Board: GSHF - News), a business development company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. Incode is 70% owned by GreenShift Corporation.

About Incode Technologies Corporation

Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.

Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.


More information on Inseq is available online at http://www.inseq.com.
Safe Harbor Statement

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.


--------------------------------------------------------------------------------
Source: Incode Technologies Corporation

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Malloy
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Any predictions on this for the afternoon?
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GreenShift's Engineering Services Portfolio Company Reduces Debt

Wednesday, June 29, 2005 08:00 ET

MOUNT ARLINGTON, N.J., June 29, 2005 /PRNewswire-FirstCall via COMTEX/ --GreenShift Corporation (OTC Bulletin Board: GSHF) today announced its issuance of a commitment letter to its portfolio company, GreenWorks Engineering Corporation ("GEC"), a private environmental engineering services company, to support the reduction of GEC's debt by $1,000,000.

Earlier this month, GEC announced its plans to file a registration statement in the third quarter of this year with the Securities and Exchange Commission relating to a proposed initial public offering (IPO) of its common stock. GreenShift expects that the reduction of GEC's debt will enhance GEC's valuation in the IPO.

"As a business development company, GreenShift's chief goal is to enhance its own value by helping to drive the value of its portfolio companies," said Kevin Kreisler, chairman and chief executive officer of GreenShift and chairman of GEC. "GEC expects to complete one or more strategic acquisitions at the time of the IPO that are intended to increase GEC's book value and earnings. We believe that reducing GEC's debt prior to these intended events will increase the accretive impact of these transactions to GEC and thus enhance the intrinsic value of GEC."

Under the terms of the commitment, GreenShift has agreed to assume $1,000,000 of GEC's debt in return for a new class of preferred stock in GEC with a face value of $1,000,000, a fixed conversion into 10% of GEC no sooner than the fifth anniversary of closing, and a special quarterly dividend equal to 20% of GEC's pre-tax net income commencing April 1, 2006.

About GreenShift Corporation

GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.

BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.

GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of growth stage public and private businesses and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. GreenShift's current portfolio includes investments in the following environmentally proactive companies:

* Veridium Corporation (OTC Bulletin Board: VRDM);
* Inseq Corporation (OTC Bulletin Board: ICDT);
* GreenWorks Corporation;
* GreenShift Industrial Design Corporation;
* Coriolis Energy Corporation; and,
* TDS (Telemedicine), Inc. (Pink Sheets: TDST).

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

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Malloy
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MORE NEWS...see the 15M$ from another co. they want to aquire


Incode Provides Update on Its Merger With Inseq Corporation
Wednesday June 29, 10:00 am ET


MOUNT ARLINGTON, N.J., June 29 /PRNewswire-FirstCall/ -- Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT - News), a development stage company, today announced that its anticipated reincorporation merger with its wholly owned subsidiary, Inseq Corporation, is expected to be completed on or about July 12, 2005 instead of the initially planned June 21, 2005. The delay in the expected completion date was due to some routine procedural issues associated with the merger.


After the merger, the new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.

Primary commodities include raw materials that are extracted and refined from natural resources for use by manufacturers worldwide in their production processes. These processes invariably result in the production of partially consumed, or secondary, industrial by-products that often have reuse potential but are instead discarded.

The Company recently announced its execution of a letter of intent to acquire a Metal Processing and Distribution Company ("MPD") that is expected to add an estimated $15 million in annualized sales and $1.5 million in EBITDA to the Company. The Company expects to complete this acquisition in the third quarter of 2005.

Upon the completion of this intended acquisition, Inseq's gross revenues and EBITDA are expected to be about $21 million and 2.1 million, respectively.

About Incode Technologies Corporation

Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.

Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.

More information on Inseq is available online at http://www.inseq.com.

Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.

Safe Harbor Statement

This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.


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Source: Incode Technologies Corporation

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Malloy
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sunny
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This just dipped and is turning around!

BOUNCE!!!!

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