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Lots of news out on this alternative energy play this week with more to come. If fuel continues to climb in price this will be a stock that should move well.
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GreenShift announces acquisition of 30% stake in BioEnergy Engineering LLC 12/7/05
Dec 07, 2005 (M2 EQUITYBITES via COMTEX) -- GreenShift Corporation (OTC Bulletin Board:GSHF), a business development company thatfacilitates the efficient use of natural resources, announced on Tuesday (6 December) its execution of agreements to acquire a 30% stake in BioEnergy Engineering LLC, a biofuels engineering and design firm. Under the agreement GreenShift will provide BioEnergy with certain financing and strategic support services.
In addition GreenShift's Mean Green Biofuels portfolio company will receive exclusive rights to BioEnergy's various biofuels technologies. The agreement also provides for a three-year operating lease for BioEnergy's proprietary new pilot-scale biodiesel production process, which is expected to generate over USD1.5m in annualised revenue in excess of 30% from January 2006. The formation of Mean Green Biodiesel of Tennessee Inc by the two companies will close the investment.
-------------------- Trading is a blast!!
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