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GreenShift Portfolio Company Ovation Products Reports Successful Testing of New Production Version of Water Purification Technology
11/23/05
MOUNT ARLINGTON, N.J., Nov 23, 2005 (BUSINESS WIRE) --
GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that its portfolio company, Ovation Products Corporation (" Ovation" ), successfully tested a new production version of its patented water purification technology.
The new production version, named " Gamma" by Ovation's engineering team, is approximately three feet tall and one foot in diameter - about the size of a fire hydrant. Gamma's output water was tested and achieved the purity of distilled water. Gamma used approximately 54 watt-hours of electricity per gallon of distilled water produced, and Ovation anticipates that the production units will achieve the design goal of 40 watt-hours per gallon, which translates into an electrical energy cost of approximately $0.004 per gallon, or an amount that is less than the cost of tap water in most areas.
The Ovation Purifier
Ovation has invested over $9 million developing technology that offers dramatic price and performance advantages over competing clean water technologies. Ovation has been intensely working on finalizing the development of Gamma - a residential scale appliance designed to generate 25 gallons of pure water per hour from a variety of dirty water input sources at a cost of approximately $0.004 per gallon, or about 1.2% of the cost of traditional home distillation methods.
To achieve this small size, low cost and high efficiency, Gamma incorporates patented new implementations of a proven distillation process called vapor compression. Ovation has been granted 11 patents for its technology and system, and has filed for an additional 5 patents to date.
Distillation is the " gold standard" for water purification in that it removes bacteria, viruses, heavy metals, suspended solids and almost all chemicals. It is the single most effective method for purifying water. Other processes such as ultra filtration and reverse osmosis do not produce perfect water quality, discharge several times more wastewater, degrade over time, and require replacement of filters and cartridges. Ovation's products provide a consistent high quality output and require no filter or cartridges.
Performance Testing
Ovation tested Gamma on November 17, 2005 and achieved targeted operating parameters in a series of progressive adjustments which increased the output flow of distilled water from 12 gallons per hour to 22 gallons per hour. These results demonstrate a higher output than Ovation previously achieved from earlier designs which were more than twice the size and weight.
Ovation expects to continue to refine Gamma's operation to achieve the 25 gallon per hour benchmark but the results of the Gamma testing were sufficient to justify releasing parts orders for a pilot run of 11 Gamma units. Ovation expects that those pilot units will be assembled during the first half of 2006, and may be available for testing by existing and prospective strategic partners in the second quarter of 2006.
" This is an important development for a extraordinary technology," said Kevin Kreisler, chairman and chief executive officer of GreenShift Corporation. " The Ovation Purifier is designed to seamlessly and cost-effectively integrate with the daily lives of residential consumers. We see this as critical given our view that truly transformational environmental benefits can occur by properly leveraging the incremental contributions of a great many people. We had intended the Ovation Purifier to become one of the cornerstone 'killer-app' green technologies in our portfolio. The Gamma test confirms our expectations and we have ordered one of the pilot Gamma units and plan to order somewhat more in the near term. We are thrilled with the results and the Ovation design team should be commended for their hard work and ingenuity."
GreenShift owns about 12% of Ovation, GreenShift Industrial Design Corporation, a wholly-owned GreenShift portfolio company, holds certain exclusive and non-exclusive license rights to the Ovation technology, and INSEQ Corporation (OTC Bulletin Board: INSQ), a 70% owned GreenShift portfolio company, holds right of first refusal manufacturing rights to the Ovation technology.
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);
-- INSEQ Corporation (OTC Bulletin Board: INSQ);
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- Ethanol Oil Recovery Systems, LLC;
-- Sterling Planet, Inc.;
-- TerraPass, Inc.;
-- Aerogel Composite, Inc.;
-- Coriolis Energy Corporation;
-- Hugo International Telecom, Inc.; and,
-- TDS (Telemedicine), Inc.
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.
SOURCE: GreenShift Corporation
CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300 or GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@greenshift.com www.greenshift.com
Copyright Business Wire 2005
Greenshift (WKN A0EQ9B): Beim US-Öko-Beteiligungsgesellschafts-Pennystock kaufte ebenfalls der Vorstand vor wenigen Wochen Aktien. Damals, als auch noch Hurrican Katrina im anrollen war und der Ölpreis explodierte, konnte sich die Aktie nach unserer Empfehlung mehr als Verdoppeln. Inzwischen hat der Wert wieder ein Niveau erreicht, wo man es erneut versuchen könnte. Zudem scheint sic der Ölpreis auf hohem Niveau zu stabilisieren und die Angst vor einem weiteren Hurrikan ist ebenfalls wieder im Markt. Fazit: Um 0,18 Euro eine Tradingchance mit Ziel 0,25/0,30 Euro! Stopp 0,145 Euro!
update etwas älter
das genannte kurziel wurde durch die positiven meldungen in den letzten tagen untermauert -- fazit: bei diesen kursen kaufen
(dies soll keine Kaufempfehlung / Aufforderung zum Kauf meinerseits sein :) )
Ich habe dein neuer email nicht gespeichert, und dein email ist im spam gelandet.
Greenshift zeigt Video von biotechnologie, wie sie es machen
Greenshift zeigt ein video über wie maisöl zu biodiesel verwandelt wird.
75% von America's Ethanol commt von mais stärke, und fett ist übrig. Normalerweise wird das fett an Bauern verkauft, als billiges Tierfutter. Was Greenshift macht, is nutzt das fett. Die können jetzt 75% von fett auch zu biodiesel machen, würde $2.50 die gallone kosten, (normal benzin kostet jetzt ungefähr $2.90- das kommt aber von mir und nicht die Artikel).
MeanGreen will diese technik kostenlos installieren (kostenlos für die Ethanol Anlage), dan zum biodiesel Anlage transportieren. Alleine das wird die ethanol Anlage bis zu 25% jährlich gewinn ohne Kapitalanlage.
Das Video zeigt diese technologie, kann man bei www.meangreenbiofuels.com.
sehen (oder kaufen, keine ahnung).
Mean Green will eine Anlage in Ost USA bauen, wo Leute früher bioenergie nicht rannkommen könnten. Sie wollen auch geld in andere bio-Anlagen anlegen.
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GreenShift Invests in Air Cycle Corporation; Company Markets Proprietary Products for Recycling Spent Lighting Products
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Nov. 28, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that it agreed to acquire a 30% stake in Air Cycle Corporation ("Air Cycle"), a privately-held lamp, ballast, battery and electronics waste recycling company.
Under the terms of its agreement with Air Cycle, GreenShift will purchase 30% of Air Cycle's outstanding stock and receive certain commercial rights in return for GreenShift's investment of about $350,000 and its provision of strategic business development and other services.
Lamp Recycling
Due to the new Federal EPA regulations on fluorescent and mercury vapor lamps, which went into effect on January 6th, 2000, most non-residential facilities are now required to properly dispose of their lamps. Landfills are increasingly intolerant of lamps from non-residential sources due to the amount of mercury found in each lamp. Lamps later found in landfills are subject to retroactive clean-up costs under EPA regulations. Recycling of the lamp components is the recommended method of disposal by the Environmental Protection Agency and helps to eliminate facility liability. Air Cycle offers lamp recycling products and services nationwide based on its Bulb Eater(R) product line and its EasyPak(TM) recycling program.
Air Cycle's EasyPak(TM) Recycling Program is offered as an alternative for customers who generate spent lamps, batteries, and/or ballasts and cannot meet Air Cycle's quantity minimums for bulk pick-ups. Small shipments are instead shipped through pre-paid FedEx Ground transportation services. The program is simple, requires little paperwork, and is a practical option for facilities nationwide.
Air Cycle's Bulb Eater(R) product line crushes spent fluorescent lamps into small fragments and compacts them into 55-gallon containers. This greatly improves storage of the lamps, handling, safety/liability issues, and recycling costs. The units are complete with filtration systems to help ensure both OSHA and EPA compliance, even for facilities disposing of large quantities of lamps. Air Cycle's Bulb Eater(R) products have been mentioned on the front page of the Wall Street Journal and numerous other publications and in use today at many small and large companies, schools, hospitals, military bases, and government agencies.
Scott Beierwaltes, Air Cycle's chief executive officer, said that "Air Cycle was founded to address the growing need to make lamp recycling easy and efficient. This is directly in line with what we believe GreenShift is about and we are very excited to become part of GreenShift's portfolio."
"Air Cycle has built an impressive blue-chip following for its existing Bulb Eater(R) consumer product line," added Kevin Kreisler, GreenShift's chairman and chief executive officer. "We take this as proof positive that the concept of distributed waste reduction and recycling is not just viable but is capable of thriving with the right backing. We intend to provide Air Cycle with this backing as we help them grow through acquisitions, increased sales, and technology development."
Manufacturing and Distribution Rights
GreenShift's agreements with Air Cycle also provide for right of first refusal manufacturing rights to Air Cycle's Bulb Eater(R) product line for INSEQ Corporation (OTC Bulletin Board: INSQ), a GreenShift portfolio company, that are expected to be worth in excess $1.5 million per year. The agreements with Air Cycle also grant INSEQ the right to distribute Air Cycle products and services through INSEQ's new online store in return for fixed transaction fees payable to INSEQ.
About Air Cycle Corporation
Air Cycle was founded in 1978 and is currently based in the Chicago metropolitan area. Air Cycle currently offers a wide range of recycling services throughout the United States and takes pride in its ability to engineer innovative products to help its customers. Air Cycle has sold thousands of Bulb Eater(R) systems to facilities across the world and its clients include many small and large companies, schools, hospitals, military bases, and government agencies. Additional information on Air Cycle, including videos and other media pertaining to Air Cycle's Bulb Eater(R) product line, is available online at www.aircycle.com.
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);
-- INSEQ Corporation (OTC Bulletin Board: INSQ);
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- Ethanol Oil Recovery Systems, LLC;
-- Sterling Planet, Inc.;
-- TerraPass, Inc.;
-- Aerogel Composite, Inc.;
-- Air Cycle Corporation;
-- Coriolis Energy Corporation;
-- Hugo International Telecom, Inc.; and,
-- TDS (Telemedicine), Inc.
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.comwww.greenshift.com
or
CEOcast, Inc. for GreenShift CorporationEd Lewis, 212-732-4300
SOURCE: GreenShift Corporation
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CEOcast Interviews GreenShift CEO Kevin Kreisler; Company Provides Update on Technology Development
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Nov. 28, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that its chief executive, Kevin Kreisler, was interviewed by CEOcast, the premier source of original and syndicated streaming broadcast interviews of chief executive officers at public and private news-making companies.
In the interview, Kreisler focused on GreenShift's results of operations for the third quarter 2005 and GreenShift's development plans for the balance of 2005, including plans for its portfolio company, Ovation Products Corporation, which recently successfully tested a new production version of its patented water purification technology. Kreisler also discussed GreenShift's plans for its various other innovative green technologies, including its Tornado Generator(TM). The interview is available online at www.ceocast.com.
Tornado Generator(TM) Update
GreenShift's industrial design company, GreenShift Industrial Design Corporation ("GIDC"), is currently testing the next generation of its Tornado Generator(TM) technology. This new generation of the Tornado Generator(TM) technology is designed to reduce trash volumes for small scale commercial and high end residential consumers by more than 90%. GIDC expects to make production units available to selected clients during the first quarter 2006.
Ovation Purifier Update
Ovation Products Corporation, a GreenShift portfolio company, successfully tested a new production version of its patented water purification technology. The new production version, named "Gamma" by Ovation's engineering team, is approximately three feet tall and one foot in diameter - about the size of a fire hydrant. Gamma's output water was tested and achieved the purity of distilled water. Gamma used approximately 54 watt-hours of electricity per gallon of distilled water produced, and Ovation anticipates that the production units will achieve the design goal of 40 watt-hours per gallon, which translates into an electrical energy cost of approximately $0.004 per gallon, or an amount that is less than the cost of tap water in most areas.
Ovation expects to continue to refine Gamma's operation to achieve a 25 gallon per hour benchmark but the results of the Gamma testing were sufficient to justify releasing parts orders for a pilot run of 11 Gamma units. Ovation expects that those pilot units will be assembled during the first half of 2006, and may be available for testing by existing and prospective strategic partners in the second quarter of 2006.
"This is an important development for a extraordinary technology," said Kevin Kreisler, chairman and chief executive officer of GreenShift Corporation. "The Ovation Purifier is designed to seamlessly and cost-effectively integrate with the daily lives of residential consumers. We see this as critical given our view that truly transformational environmental benefits can occur by properly leveraging the incremental contributions of a great many people. We had intended the Ovation Purifier to become one of the cornerstone 'killer-app' green technologies in our portfolio. The Gamma test confirms our expectations and we have ordered one of the pilot Gamma units and plan to order somewhat more in the near term. We are thrilled with the results and the Ovation design team should be commended for their hard work and ingenuity."
No Silver Bullets
"There are no silver bullets when it comes to green technologies," added Kreisler. "Our technology acquisition focus this year has been on what we view to be key technologies that are each important advances in and of themselves, but that are each also capable of stimulating near term cash flows in the right applications in conjunction with our other technologies."
"Take what we want to do with trash for example. Standard separation technologies can separate plastics and metals from trash. Our separation technologies enhance standard techniques by preferentially extracting targeted plastics and metals from the mixed plastic and metal streams. This results in higher quality plastic and metal feeds which are then fed into the Tornado Generator(TM) technology, for cost-effective pulverization into fine powders. The derivative plastic powders can either be sold or, due to their greatly increased surface area, processed further into fuel using a process known as thermal depolymerization. The metal powders can be refined further or sold directly to smelters and other end users. The rest of the trash, which is mostly celluosic biomass, can be processed with the Tornado Generator(TM) technology and turned into biofuels and sold or converted into energy on site. Finally, any wastewaters generated on site can be cleaned with a combination of conventional processes and the Ovation technology."
"We are investing in key technologies at each stage - separation, processing, recycling and/or reuse, and emission controls. These same basic steps are present in most waste processing applications and we are targeting technologies that individually have a lot of potential but that also add value to our portfolio when used in synergistic ways with our other technologies on the right applications."
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);
-- INSEQ Corporation (OTC Bulletin Board: INSQ);
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- Ethanol Oil Recovery Systems, LLC;
-- Sterling Planet, Inc.;
-- TerraPass, Inc.;
-- Aerogel Composite, Inc.;
-- Coriolis Energy Corporation;
-- Hugo International Telecom, Inc.; and,
-- TDS (Telemedicine), Inc.
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.comwww.greenshift.com
or
CEOcast, Inc. for GreenShift CorporationEd Lewis, 212-732-4300
SOURCE: GreenShift Corporation
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GSHF: Acquires 30% Stake in Air Cycle
GreenShift Corporation (GSHF) announced that it agreed to acquire a 30% stake in Air Cycle Corporation, a privately-held lamp, ballast, battery and electronics waste recycling company. Under the terms of its agreement with Air Cycle, GreenShift will purchase 30% of Air Cycle's outstanding stock and receive certain commercial rights in return for GreenShift's investment of about $350,000 and its provision of strategic business development and other services.
Knobias
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GreenShift Acquires Stake in Electronic Scrap Recycling Corporation; Company is Developing Proprietary New Ferrofluid Recycling Process
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Nov. 29, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF) today announced its acquisition of an 80% stake in Electronic Scrap Recycling Corporation ("ESRC"), an Indiana-based full service recycler of electronic components.
Under the terms of its agreement with ESRC, GreenShift acquired 80% of ESRC's outstanding stock and received certain commercial rights in return for 1.6 million shares of GreenShift common stock and GreenShift's provision of technology rights, strategic business development and other services.
E-Waste Recycling
Obsolete electronic equipment is a rapidly expanding problem in today's economy. As technology continues to make significant leaps, the life cycle of electronic products shortens dramatically. The National Safety Council estimates that over 500 million obsolete computers will be discarded in the United States alone. Additional electronic devices such as cell phones, office machines and a host of other products present problems not only to the environment, but to the businesses, individuals and organizations that must deal with their disposal. In addition to the bulk materials such as plastic and steel, electronics also contains significant amounts of toxic materials including lead, mercury, arsenic, chromium and more.
ESRC currently provides full service electronic waste ("e-waste") recycling, logistics and Certified Data Destruction services to public and private sector clients out of its 125,000 square foot facility in Elkhart, Indiana.
Ferrofluid Separation
ESRC is developing a proprietary new ferrofluid process that is capable of preferentially separating targeted compounds from a mixed solid waste stream. Ferrofluids are liquids that are comprised of nanoscale magnetic particles suspended in a carrier fluid and exhibit novel properties when exposed to specific magnetic fields. Conductivity, viscosity and volatility can all be manipulated through the selection and sizing of the particles and the application of specific magnetic fields.
Importantly, ESRC's ferrofluid process can enable the preferential separation of targeted compounds out of a mixed micron sized powder. This can be important because GreenShift's Tornado Generator(TM) technology cost-effectively grinds, desiccates, and atomizes solid and liquid wastes and other materials into micron sized powders.
ESRC plans to use its ferrofluid process, the Tornado Generator(TM) technology, GreenShift's existing plastics and metal separation and other technologies, and some conventional process technologies to dramatically decrease capital costs and improve operating efficiencies for processing e-wastes.
Brett Oliphant, ESRC's chief executive officer, said that "Our view is that the e-waste recycling industry is becoming a commodity-driven business. Tipping fees will eventually give way to commodity sales as the value of the plastics and metals in e-waste begins to govern the economics of the industry. We believe that, when this time comes, the relative operating efficiencies of e-waste processors will define who survives and who does not. Our strategic plan therefore is to invest in technologies that drive operating costs down while we acquire small- to medium-sized e-waste brokers and processors to consolidate volume. We believe that GreenShift will help us on both fronts and we are very excited to have their support."
"E-waste recycling is a compelling challenge that we intend to address with our investment in ESRC," added Kevin Kreisler, GreenShift's chairman and chief executive officer. "ESRC's existing volumes of e-waste and positive cash flows are strategic to our existing technologies, their technology has some fascinating potential, their approach to the market is dead on, and their business presents us with a platform to acquire significant market share. We are excited by this investment and we intend to provide ESRC with the resources it needs as it scales its business."
Technology and Manufacturing Rights
Under GreenShift's agreement with ESRC, ESRC will assign its technologies and intellectual property rights to GreenShift Industrial Design Corporation ("GIDC"), a wholly owned GreenShift company, who will in turn provide ESRC with non-exclusive license rights to all current and future GIDC technologies, including its Tornado Generator(TM) and plastic waste separation technologies.
GreenShift's agreements with ESRC also provide for right of first refusal manufacturing rights to ESRC's planned new e-waste recycling equipment and products for INSEQ Corporation (OTC Bulletin Board: INSQ), another GreenShift portfolio company.
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);
-- INSEQ Corporation (OTC Bulletin Board: INSQ);
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- Ethanol Oil Recovery Systems, LLC;
-- Sterling Planet, Inc.;
-- TerraPass, Inc.;
-- Aerogel Composite, Inc.;
-- Air Cycle Corporation;
-- Electronic Scrap Recycling Corporation;
-- Coriolis Energy Corporation;
-- Hugo International Telecom, Inc.; and,
-- TDS (Telemedicine), Inc.
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.comwww.greenshift.com
or
CEOcast, Inc. for GreenShift CorporationEd Lewis, 212-732-4300
SOURCE: GreenShift Corporation
Wednesday November 30, 11:58 am ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Nov. 30, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced that Thomas Scozzafava has joined GreenShift as its vice president of acquisitions and strategic investments.
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Mr. Scozzafava has over 13 years in venture capital and leveraged buyouts and has extensive capital markets experience. Most recently Mr. Scozzafava founded and served as CFO of WiseBuys Stores, Inc., a chain of retail stores with sales of over $23 million since its 2003 inception. From 1997 until 2002, Mr. Scozzafava was a Director of Prudential's Merchant Banking Group where he helped find, evaluate, negotiate, and structure leveraged buyouts of companies in industries that included telecommunications, media, business services, and manufacturing industries. Mr. Scozzafava also held a senior management position at Prudential's employee limited partnerships where he completed approximately 40 venture capital and LBO investments. Mr. Scozzafava was responsible for all public market securities acquisitions and dispositions, which included over $30 million in transactions with profits approaching $15 million that helped generate Fund returns in excess of 40% per year during this period.
From 1995 until 1997, Mr. Scozzafava was an Analyst in Lehman Brothers' Merchant Banking Group where he analyzed leveraged buyout and growth equity investments. From 1992 until 1995 Mr. Scozzafava was a financial analyst with GE Capital Corporation, where he completed the company's Financial Management Program. At GE Investments Mr. Scozzafava analyzed private equity investments, and at GE's Kidder Peabody unit he reviewed proprietary equity derivative and convertible bond models and analyzed the firm's equity derivative exposure.
Mr. Scozzafava received a Bachelor of Arts cum laude with concentrations in economics and mathematics with Honors distinction from Hamilton College in 1992. During this period Mr. Scozzafava held capital market positions at Tucker Anthony and Merrill Lynch in New York City.
"I am thrilled to join the GreenShift team as they finish off what has clearly been a productive couple of quarters," said Scozzafava. "With at least sixteen deals completed this year and with several more pending, GreenShift has assembled an impressive initial portfolio of companies and technologies. I am very much looking forward to getting into the trenches and driving the overall value of the portfolio."
Kevin Kreisler, GreenShift's chairman and chief executive officer added that "GreenShift has grown to the point where we have a lot of deal flow and we need to just start drilling down into our portfolio and enhance the fundamentals of each business. We plan to do this through investment in organic growth, acquisitive development and technology infusion. Thomas brings a wealth of relevant operational and investment banking experience to GreenShift at this critical time and we are very excited to have him on board."
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;
-- GreenShift Industrial Design Corporation;
-- Ovation Products Corporation;
-- Tornado Trash Corporation;
-- Mean Green BioFuels Corporation;
-- Ethanol Oil Recovery Systems, LLC;
-- Sterling Planet, Inc.;
-- TerraPass, Inc.;
-- Aerogel Composite, Inc.;
-- Air Cycle Corporation;
-- Electronic Scrap Recycling Corporation;
-- Coriolis Energy Corporation;
-- Hugo International Telecom, Inc.; and,
-- TDS (Telemedicine), Inc.
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
For GreenShift Corporation
CEOcast, Inc.
Ed Lewis, 212-732-4300
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Source: GreenShift Corporation
Thursday December 1, 11:50 am ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Dec. 1, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced its proprietary new wastewater processing technology for livestock and poultry processing facilities.
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Dissolved Air Flotation Sludge
About 100 million pigs, 35 million cattle, 1.6 billion turkeys, and 8 billion chickens are slaughtered and processed each year in the United States. This contributes to the nation's meat and poultry supply and involves the activities of farms, slaughterhouses, and by-product disposal companies. Virtually every portion of the processed animals are used in edible food products, pet food or commercial feed.
The USDA requires facilities that process these meats to use large volumes of clean water to continuously rinse the meats as they are cut and packaged. The derivative large volumes of water contain extremely high levels of protein and fat. These nutrients are removed from the wastewater using conventional but highly efficient wastewater processing methods. This results in a cleaned wastewater and a concentrated sludge, which is called Dissolved Air Flotation ("DAF") sludge. The poultry industry alone generates in excess of 2.5 billion pounds or more than 63,000 tanker loads per year of DAF sludge.
The conventional practice among the more than 500 livestock and poultry processing facilities in the industry is to transport and dispose DAF sludge through land application.
Increase Profit and Reduced Environmental Impact
GreenShift Industrial Design Corporation ("GIDC"), a wholly owned GreenShift portfolio company, has developed a proprietary DAF sludge processing technology that effectively reduces the volume of DAF sludge by 80% while recovering the majority of the animal fats contained in the sludge. Poultry processing facilities alone will generate in excess of 50 million gallons or 10,000 tanker loads per year of this fat when utilizing the GIDC processing method. This fat can be cost-effectively converted into biodiesel fuel.
David Winsness, GIDC's chief executive officer, said that "this technology allows us to help livestock and poultry processing facilities to dramatically reduce the volume of sludge they are shipping and disposing. Our technology also creates a new revenue source for these facilities in the form of the refined fat we are pulling out of the DAF sludge and converting into biodiesel. This translates to reduced costs and increased profitability for these facilities. We are very proud and excited to provide this important sector of the American economy with our technology."
Installed For No Up Front Cost
GIDC intends to install its DAF processing systems at qualified processing facilities for no up front cost in return for fixed annuities equal to a discount to their current gross disposal costs and GIDC's agreement to purchase the refined fats extracted from the DAF sludge. GIDC will then sell these fats to Mean Green BioFuels Corporation, another GreenShift portfolio company, for conversion into biodiesel. GIDC estimates that the benefit for an average sized meat processing facility is about $400,000 per year.
Cascade of Benefits
"This new technology is yet another example of a green shift -- an incremental improvement in operating efficiencies that yields a cascade of benefits," added Winsness. "Each installation of this technology helps the agricultural industry to increase their profits by dramatically reducing waste disposal costs and by producing biodiesel. This then helps to increase job creation, to reduce America's dependence on foreign oil, and to reduce the emission of harmful greenhouse gases because biodiesel does not contain petroleum hydrocarbons."
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