posted
why would you call me a pumper i am bought this cause ethonol is hot and if u cant see that then u dont belong in pennies..you go stick with your IFLB and watch it go down..a piece of advice u have to wait till TASL gets of the ask he is diluting(i hope that is not pumping)
quote:Originally posted by RCAnalyst2007: superman,
you're a good pumper
-------------------- please dont trade stocks on my alerts, do your dd first.
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posted
I didn't get in to IFLB because of your advice.. I did because the technicals are good. There is no reason for me to get jealous. I own so many stocks. I wasn't stuck to IFLB. Sold half of it. Instead of making 30-40% from VRDM, I found a better one TKTJF and made 80%. Now I got back in IFLB. Just check the L2. It's heating up.
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posted
lostone...i honestly dont know it looks good but its run up too much for me to get in now but yeah i think it still has alot of room but not for me not yet
-------------------- please dont trade stocks on my alerts, do your dd first.
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Corn Oil Extraction Yields New Benefits for Ethanol Producers April 12, 2006
Several ethanol producers have recently placed orders with Veridium Corporation for the use of a technology that extracts corn oil from distiller's dried grain, an ethanol by-product. The ethanol plants sell the extracted corn oil back to Veridium for additional revenue. Veridium, in turn, sells the corn oil to Mean Green Biofuels, Inc., which is currently selling the corn oil on the open market, but eventually plans to convert the corn oil into biodiesel. Veridium has received five orders for its Corn Oil Extraction Systems, which it installs at no cost in exchange for buying back the corn oil at below-market costs. The company has installed a system at an ethanol plant in North Dakota, and plans to install systems at ethanol plants in Illinois, Minnesota, and Wisconsin later this year.
Veridium estimates that the five Corn Oil Extraction Systems now under order could produce as much as 9.7 million gallons of corn oil per year, which the company will sell for more than $1 per gallon. According to the company, the distiller's dried grain produced by today's ethanol industry contains roughly 300 million gallons of corn oil, 75 percent of which can be removed by the extraction process. Once extracted, the corn oil can be converted gallon for gallon into biodiesel. The company says the corn oil extraction process also increases ethanol plant efficiencies, since it reduces the energy required for drying the distiller's grain, which is sold as cattle feed. See the Veridium press releases and the description of the technology on the Mean Green BioFuels Web site.
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Veridium Receives Sixth Order for New Ethanol By-Product Recovery Technology; System to Bring Company to $8.4 Million In Annualized Revenues From New Clean Technology
NEW YORK--(BUSINESS WIRE)--April 17, 2006--Veridium Corporation (OTC Bulletin Board: VRDM) today announced its receipt of an order from an Iowa based ethanol producer for the use of Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). The new system is scheduled for installation later this year at the Iowa ethanol production facility, where it is expected to extract corn oil at a rate of about 1.2 to 1.5 million gallons per year.
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is not based on licensing or outright equipment sales, but rather on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices. Veridium will purchase and sell the extracted corn oil and generate an estimated $1.4 million to $1.8 million in annualized revenues from this one system once it has been installed.
The new order brings Veridium's expected total annualized ethanol oil recovery sales to between $8.4 million and $10.8 million per year.
David Winsness, chief executive officer of Veridium's industrial design division, stated that "ethanol is a basic commodity and we need more of it. While the industry builds out increased production infrastructure with new facilities, our patent-pending Corn Oil Extraction Systems(TM) and other proprietary technologies have been specifically engineered to help ethanol producers enhance production out of their existing plants in cost-effective and rapid ways. We are grateful and excited to have the opportunity to provide our ethanol clients with innovative and cost-effective options as they meet the increased demand for this valuable commodity."
About Veridium's Corn Oil Extraction System(TM)
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion into Biodiesel (Fuel #2).
Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for ethanol producers:
-- Low Operating Costs - the system requires less than $0.05 per gallon of corn oil produced;
-- High Recovery Rates - the technology is capable of recovering up to 75% of the corn oil within the DDG;
-- Increased Revenue - the corn oil extracted with Veridium's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
-- Reduces Current Operating Costs and Emissions - Veridium's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and,
-- Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods.
Pictures and video of the new Veridium technology are available online at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that 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.
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium 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: Veridium Corporation Investor Relations 888-870-9197, ext. 291 Fax: 646-792-2636 Email: investorrelations*veridium.com Web: www.veridium.com or CEOcast, Inc. for Veridium CorporationEd Lewis, 212-732-4300
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