posted
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Oct. 24, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced that an early-stage prototype of GreenShift's proprietary Tornado Generator(TM) technology is being evaluated for efficacy in processing food products by a domestic based multi-national food products company. ADVERTISEMENT
GreenShift's Tornado Generator(TM) accelerates compressed air to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate and atomize solid and liquid wastes and other materials into micron sized powders.
GreenShift's proprietary Tornado Generator(TM) is a completely contained system with no internal moving parts that is powered by compressed air. It can safely, cost-effectively and rapidly process a very broad array of wastes including agricultural wastes, septic wastes, municipal solid wastes, industrial wastes, mining wastes and construction and demolition wastes.
"While waste materials are a clear application for this technology, we believe that the Tornado Generator(TM) also facilitates the more efficient use natural resources upstream directly in production processes," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "We believe that most industrial processes that involve some form of grinding, pulverizing, mixing, and/or drying can be improved upon with implementations of this technology. Agriproducts in particular represents a compelling area for improvement in this regard and can be a relatively rapid path to cash flows. We are very excited to have the opportunity to work with established market leaders as we evaluate a number of these applications today."
The early-stage prototypes of one of the technologies used in certain applications of GreenShift's Tornado Generator(TM) were initially developed to grind wheat and to improve the processing of poultry wastes. Video demonstrations of both such applications are available on GreenShift's website, www.greenshift.com. To access the video, logon to the "Confidential Content" section of the GreenShift website and enter "TAZ0001" for both the User ID and the Password.
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 catalyze transformational environmental gains.
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 strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
Veridium Corporation (OTC Bulletin Board: VRDM - News); INSEQ Corporation (OTC Bulletin Board: INSQ - News); GreenWorks Corporation; Ovation Products Corporation; Tornado Trash Corporation; Mean Green BioFuels Corporation; GreenShift Industrial Design Corporation; Coriolis Energy Corporation; Sterling Planet, Inc.; TerraPass Inc.; and, TDS (Telemedicine), Inc.; 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 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.
-------------------------------------------------------------------------------- Contact: GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations*greenshift.com www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300
Financial Obligation Matter, Financial Statements and Exhibits
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION On October 18, 2005 GreenShift sold to Cornell Capital Partners, LP a Convertible Debenture in the principal amount of $1,475,000. GreenShift paid to Cornell Capital Partners a commitment fee of $147,500 in connection with the sale, and paid a $15,000 structuring fee to Yorkville Advisors Management, LLC. Accordingly, GreenShift received net proceeds of $1,312,500.
The Debenture bears interest at 5% per annum, payable monthly commencing on December 1, 2005. The principal amount of the Debenture is payable on October 12, 2007, except GreenShift must prepay the Debenture if it raises $7,000,000 from the sale of equity securities. GreenShift's obligations under the Debenture are secured by a pledge of all of its assets, subject to Cornell's agreement to subordinate its security interest to any line of credit that GreenShift obtains from a bank or other financial institution. GreenShift may prepay the Debenture at any time without penalty.
Cornell is entitled to convert the Debenture into GreenShift common stock, provided that Cornell cannot convert into shares that would cause Cornell to own more than 4.9% of GreenShift's outstanding common stock. The conversion price will be the average of the three lowest closing market prices during the 30 days preceding conversion.
Item 9.01 Financial Statements and Exhibits
Exhibits:
10-a Secured Convertible Debenture due October 12, 2007
10-b Amended and Restated Security Agreement dated October 12, 2005 between GreenShift Corporation and Cornell Capital Partners, LP.
10-c Amended and Restated Stock Pledge Agreement dated October 12, 2005 among GreenShift Corporation, Cornell Capital Partners, LP and David Gonzalez, Esq.
Posts: 97 | Registered: Oct 2005
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Should flip in the next couple days. Look at what happened last time it flipped. Its inching ever so closer.
Posts: 97 | Registered: Oct 2005
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Ok, i finally got L2's last week and trying to study how they work and trends. right now INSQ has BID at .0040 9 MM's ASK at .0041 1 MM... .0042 1 MM....0043 1 MM.....0045 1 MM......0047 1MM
is this a good thing or bad thing if your allready in??????????/
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-------------------- Army guy just trying to make a few bucks.... Posts: 293 | From: Rhode Island | Registered: Oct 2005
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Ok sorry guys i have been away. looks like i didn't miss anything. Heres the Level 2 .0041 x .0042 1 x 4. Ok guys there is only 1 MM on the bid and 4 on the ask. That means that there are 4 MM's that are holding shares for people that want to sell. There is only 1 MM thats holding an order for a buy at .0041. If you look at the L2 when it gets to .004 they will stack up at .004 because there is support there and a lot of orders are sitting there. That 4 MM's on the ask is nothing compared to the resistance at .006 and .0077. Hopefully that helps a bit. Keep the questions coming and i will keep the answers coming.
-------------------- Just callen the Channels Posts: 447 | Registered: Sep 2005
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Yes sir. I am still holding.. Guys all we are waiting for is that MACD to cross and come on the top site of the 000 line for MACD we are soo close. Guys you have to remember i am playing this on a channel play. I picked this one because it has great support at .004 and there are a lot of people waiting on this one to break out again. The low .004's are a perfect place to get in and ride the trend. I usually only play trend plays, they are much easier to play and you don't have to be watching the stock like a hawk. You get in at the bottom of the trend and get out at or near the top. HAHA finding the top is the hard part. I love the stock and im for the breakout. JMHO
-------------------- Just callen the Channels Posts: 447 | Registered: Sep 2005
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We have said it forever but it is true. Any day now.
Chart is perfect. MACD about to flip and we are closer to the bottom bollinger band than we have been in a month. We are becoming oversold and looking to run. Should see a nice retrun.
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A friend of mine sent me this chart http://tinyurl.com/dfv8b and i also found this post from another friend of mine
of the SRT acquisition are restricted. About 35 million will be available for sale under Rule 144 in the absence of registration in one year, and they will all be available for sale in two years subject to Rule 144. We do not intend to register these shares.
Additionally, it should be noted that the SRT acquisition is critical to three current INSEQ activities: 1 - INSEQ will build and sell proprietary recycling systems to third party clients (i.e., plastics manufacturers and large quantity consumers such Warnecke Design's existing clients Silgan and Honda), 2 - INSEQ will build and sell systems to be used by, e.g., Tornado Trash Corp, to separate plastics from trash for conversion into diesel fuel, and 3 - INSEQ intends to use the technology to target and complete acquisitions of plastics recyclers, distributors and manufacturers.
On this last item, INSEQ intends to lever one or both of two arbitrage opportunities: 1 - using the technology to offset cash purchase price requirements in an acquisition and/or 2 - using the technology after completing an acquisition at rational market multiples to accelerate ou return on investment by dramatically reducing the target's cost of operations while increasing its sales due to the additional product revenue. In either case - restricted shares issued today offsets our need to issue more registered shares later when completing these acquisitions, and we believe that our cost of capital here transcends this one transaction and will ultimately be defrayed across multiple transactions.
In short - this acquisition, which was value at about $2.5MM - is a critical to a number of our current strategic iniatives and we believe strongly that we have enhanced the intrinsic value of INSEQ by securing SRT.
Thank you for your continued interest and support.
Regards, Kevin Kreisler GreenShift Corporation
--------------------------------------------------------- > Here's the message I sent to Greenshift. Dear Kevin Kreisler, > > There seems to be some confusion over the 434 million shares UTEK > holds in exchange for SRT and its assets. > > Are the shares restricted and if so for how long?
-------------------- Just callen the Channels Posts: 447 | Registered: Sep 2005
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Guys also am hearing rumours of Greenshift Co. (GSHF) is was going to drive the value of its portfolio which includes INSQ.. I don't know about this but if its true maybe a good thing. But its just a rumour for now.
-------------------- Just callen the Channels Posts: 447 | Registered: Sep 2005
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I have a small position here, I think I'll stay in a couple more days to see what happens. This seems like a good company with good potential.
Old News but this was put out this AM:
INSQ -- Inseq Corp. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: TechStockReview.com: Opening Bell Traders Report Wednesday, October 26 FASC, AMD, INSQ, GSHF
Oct 26, 2005 (M2 PRESSWIRE via COMTEX) -- Arlington, Texas, Opening Bell Report & Alerts - First American Scientific Corp (FASC - OTCBB) Announces Signing of Exclusive Agreement to License KDS Technology (processing of biomass for the production of energy and in other areas) in Japan, AMD (NYSE: AMD) to Use 100 Percent Renewable Energy in Austin, INSEQ (OTCBB: INSQ) Announces GREX Renewable Energy Certificate Trading Platform, and GreenShift (OTCBB: GSHF) Announces Testing of Tornado Technology on Food Products.
To feature a story on Techstockreview.com email to: editor*techstockreview.com Call: 682.560.5600
Brian Nichols, President of First American Scientific Corp. (FASC) is pleased to announce the signing of an exclusive license agreement for manufacturing and marketing the KDS System in Japan with JP Steel Plantech Co.(SPCO) of Yokohama, Japan.
JP Steel Plantech Co. is a well established engineering company formed in 2001 by four Japanese steel industry giants; Kawasaki Heavy Industries (KHI), Hitachi Zosen (Hitz), JFE Engineering (JFE) and Sumitomo Heavy Industries (SHI). The alliance was created by consolidating the resources of these four major Japanese integrated iron and steel plant equipment manufacturers to lead the world in production technology and product quality. Their corporate mission is to contribute to the development of the world's steel industries, as well as the protection of the global environment. As the exclusive KDS licensee in Japan, they will marshall world-class iron and steel engineering resources and state-of-the art environmental technologies to ensure the successful launch of our marketing efforts in Japan.
A market analysis prepared by JPSPCO concluded that there is significant need for the KDS technology in Japan, particularly in the processing of biomass for the production of energy and in other areas. SPCOs decision to represent the KDS in Japan has been thoroughly researched in a due diligence process that lasted well over one year. We are confident that this agreement will bring significant success for both parties.
The first step will be to install a fully operational KDS processing facility in Yokohama to be used for sales demonstrations and research purposes. One KDS model JS-6 has been sold to the alliance and is now being constructed to Japanese standards. This first plant is expected to be fully operational by early 2006.
According to Brian Nichols, "we are absolutely convinced that SPCO is the right company to do the job of introducing the KDS technology to Japan and to achieve the maximum results. They have shown they have the desire, the expertise and the resources to succeed. We are most fortunate to have the opportunity to work with a group with such exemplary credentials and are extremely optimistic about the future success of the KDS in Japan."
This is FASCs third sale of KDS equipment in Asia, where one system is in full production at a biomass power plant in Malaysia, and a second is planned for delivery to South Korea later this year. Please refer to our web site for further details.
New Energy Contract Makes AMD the Largest Private Green Power Subscriber in Texas and 5th Largest Private EPA Green Power Partner in the Nation
AMD (NYSE: AMD) announced a new agreement with the Austin Energy GreenChoice Program to purchase green energy derived from renewable resources that will power all AMD Austin operations for the next 10 years, including the new AMD Austin Campus which is expected to be operational in 2007. The new agreement makes AMD the largest private Environmental Protection Agency (EPA) Green Power Partner in Texas, the fifth largest private Partner in the U.S. and 12th largest overall Partner in the nation. AMD was one of the first companies in Austin to purchase green power through the Austin Energy GreenChoice Program and has subscribed to all four batches of green energy offered since the program was launched in 2000.
"AMD's long-term commitment to green energy is an important step forward in encouraging wide adoption of renewable energy sources," said Kurt Johnson, director, EPA Green Power Partnership. "AMD is providing an outstanding example of environmental leadership."
Company to Sell Green Energy Products Through New Commodities Trading Platform
INSEQ Corporation (GSHF) today announced its plans to sell renewable energy certificates ("RECs") and other green energy products through GREX(TM) - a new INSEQ commodities trading platform devoted to the increased distribution of green power to residential and commercial consumers.
GreenShift Corporation (GSHF) announced that an early-stage prototype of GreenShift's proprietary Tornado Generator(TM) technology is being evaluated for efficacy in processing food products by a domestic based multi-national food products company.
GreenShift's Tornado Generator(TM) accelerates compressed air to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate and atomize solid and liquid wastes and other materials into micron sized powders.
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
About TechStockReview.com: a leading destination on the internet for information on small and micro cap technology companies. Companies interested in our services may contact our Publisher, Michael Hammersley, to discuss featuring a company on our web sites.
Disclosure: Tech Stock Review, LLC is not a registered investment advisers or broker/dealers. Tech Stock Review, LLC makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable.
CONTACT: Michael A. Hammersley Tel: +1 682 560 5600
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
As of Saturday, 10-22-2005 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated a DOWNTREND on 10-12-2005 for AMD * $22.35.
(C) 2005 Comtex News Network, Inc. All rights reserved.
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-------------------- "Keep your stick on the ice, we're all in this togeather!" Posts: 367 | From: AK | Registered: Aug 2005
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Guys i am stocked that it broke the .004 support. I am still shocked on this one. I sold half to reduce my risk and still be able to keep my toe in.
-------------------- Just callen the Channels Posts: 447 | Registered: Sep 2005
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usually before a stock booms it has a drop spike from people getting anxious and selling out. It's actually what sparks the run in the first place. people see cheaper shares, buy them like mad and all of a suddeny everyone starts buying them. All the other stocks related to this one are going up, it will rise. Patience is the key to everything.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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quote:Originally posted by uncle_buck: Big John sorry....Why did you post old news?
I thought someone may find it interisting it was released under todays Opening Bell Traders Report:
"COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: "COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: TechStockReview.com: Opening Bell Traders Report Wednesday, October 26 FASC, AMD, INSQ, GSHF"
I did say it was old news at the begining of the post.
-------------------- "Keep your stick on the ice, we're all in this togeather!" Posts: 367 | From: AK | Registered: Aug 2005
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posted
this thing is dropping like a ton of bricks
-------------------- Sometimes the poorest man leaves his children the richest inheritance. Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005
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quote:Originally posted by Dudanation: usually before a stock booms it has a drop spike from people getting anxious and selling out. It's actually what sparks the run in the first place. people see cheaper shares, buy them like mad and all of a suddeny everyone starts buying them. All the other stocks related to this one are going up, it will rise. Patience is the key to everything.
I totally agree with you on that point. It happens all the time. I will still be watching this like a hawk!
-------------------- Just callen the Channels Posts: 447 | Registered: Sep 2005
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If I recall correctly, the last time this ran it bounced off of .0029 and went to .006+
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Well, this would be a perfect time for that!
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money. Posts: 1032 | From: DFW | Registered: Oct 2005
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