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GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that Patrick Thornton has joined GreenShift as its vice president of finance.
Mr. Thornton has a broad range of middle market business experience in the areas of operational, strategic, and financial management. Prior to joining GreenShift, he was a partner at Shamrock Partners, Inc., (2001-2005) a New York-based private equity investment group, where he was instrumental in Shamrock's growth from one portfolio company with $4 million in revenue to a diversified portfolio totaling more than $40 million in revenue and $5 million in EBITDA. Mr. Thornton was responsible for identifying acquisition targets, structuring and negotiating deals, obtaining financing, performing due diligence, and integrating acquired companies. In addition, he contributed to the general management of the operating companies in the areas of finance, operations, and information technology.
Mr. Thornton started his career in the assurance practice at KPMG, LLP (2000-2001). Mr. Thornton attended The Pennsylvania State University where he earned a B.S. degree in Accounting (1995-2000) and is a licensed CPA in the State of Pennsylvania.
"This is an exciting time for green companies," said Thornton. "GreenShift has assembled a broad base of investments and technologies that together bring some pretty incredible breadth to GreenShift's portfolio. I am very much looking forward to getting to work enhancing the value of each of GreenShift's businesses."
Kevin Kreisler, GreenShift's chairman and chief executive officer added that "While we have a few investments to complete yet this year, our chief focus during 2006 will transition from investment in the breadth of our portfolio to investment in the depth of our portfolio. We plan to do this by driving investments in organic growth, acquisitive development and technology infusion for each of our portfolio companies. Patrick's experience acquiring, integrating, operating and growing companies makes him very well suited for the work we have in front of us 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);
-- 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.
GreenShift CorporationJim Grainer, 973-398-8183Fax: 973-398-8037investorrelations@greenshift.comWeb: www.greenshift.comorCEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300
Source: Business Wire (December 8, 2005 - 8:02 AM EST)
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grüße,olaf
beve
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Press Release Source: GreenShift Corporation
GreenShift Acquires Rights to Patented Carbon Dioxide Reduction Technology
Monday December 12, 8:16 am ET
New Strain of Thermophilic Cyanobacteria Converts Exhaust Carbon Dioxide Into Pure Oxygen and Clean Water
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Dec. 12, 2005--GreenShift Corporation (OTC Bulletin Board:GSHF - News) today announced the execution by its wholly owned technology transfer and industrial design company, GreenShift Industrial Design Corporation ("GIDC"), of a license agreement with Ohio University ("Ohio") for its patented bioreactor process for reducing greenhouse gas emissions from fossil-fueled combustion processes.
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Natural Solutions(TM)
GIDC's business model is based on the engineering and marketing of Natural Solutions(TM) - green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste.
Ohio's technology was developed to remove carbon dioxide, one of the primary greenhouse gases, from the smokestacks of fossil-fueled power plants in a way that leverages nature's own solution: photosynthesis. Industrial quantities of carbon dioxide, however, require industrial amounts of photosynthetic activity, and power plant emissions, which are called flue gases, average temperatures in excess of a very hot 55 degrees Celsius (131 degrees Fahrenheit).
Dr. David Bayless, director of Ohio's Ohio Coal Research Center, realized that he needed a carbon-hungry photosynthetic organism that could withstand the blistering temperatures of flue gases. To be commercially viable, Bayless also realized that he needed to maximize surface area in order to maximize carbon sequestration on the smallest possible footprint. He again turned to nature for the solution.
Using $1 million in U.S. Department of Energy funding, assistance from Keith Cooksey, a microbiologist at Montana State University who had been researching bacteria found in the mineral hot springs of Yellowstone National Park, and a system of parabolic mirrors, fiber optic cables and slabs of acrylic plastic called "glow plates" developed by scientists at Oak Ridge National Laboratory, Bayless designed a bioreactor based on a newly discovered iron-loving cyanobacterium (blue-green algae), tentatively named Chroogloeocystis siderophila, that Cooksey discovered thriving in a hot stream at Yellowstone.
In Bayless's bioreactor, algae grow on membranes of woven fibers resembling window screens interspersed between the Oak Ridge glow plates. Capillary action wicks water to the algae, fiber optic cables channel sunlight into the glow plates, and ducts bring in the hot flue gas. By spreading the cyanobacteria on membranes, "you get a lot of surface area for growth, but you don't need a lot of water and the bacteria use only about 10 percent of full-strength sunlight," Bayless explains. "This enables us to take one square meter of sunlight and spread it out over 10 square meters of growth surface."
The algae use the available carbon dioxide and water to grow new algae, giving off pure oxygen and water vapor in the process. The organisms also absorb nitrogen oxide and sulfur dioxide, which contribute to acid rain. Once the algae grow to maturity, they fall to the bottom of the bioreactor and are harvested for other uses. "We're storing carbon dioxide in organisms that exist in your backyard," Bayless says. "Once the algae is grown, if it can't be used as fuel or a hydrogen source, it can be used as a fertilizer or soil stabilizer."
A prototype of the technology was built that is capable of handling 140 cubic meters of flue gas per minute, an amount equal to the exhaust from 50 cars or a 3 megawatt power plant.
GIDC's license with Ohio provides for non-exclusive rights to the technology for the purpose of air pollution control of exhaust gas streams from electrical utility power generation facilities, and exclusive rights to the technology for the air pollution control of exhaust gas streams from all other sources, including mobile applications, and to process carbon-containing compounds from any other source.
"Nature has developed solutions to many of the environmental challenges we face today," said Kevin Kreisler, GreenShift Corporation's chairman and chief executive officer. "Dr. Bayless and his associates have tapped these natural solutions and developed what we feel is a very important and timely technology."
"Its importance arises from its simplicity - Bayless' bioreactor is in our view simple, robust and scalable, and it is capable of stimulating additional revenues for power plant operators through the reduction of their carbon emissions and sale of carbon credits. We accordingly believe that this technology is capable of rapid proliferation with the right support, and we intend to provide this support where we can."
In addition to providing financial and other support for GIDC, GreenShift intends to tap into the existing client base and capabilities of some of its other portfolio companies including Sterling Planet, Inc., the nation's largest retailer of renewable energy certificates, TerraPass, Inc., who buys carbon dioxide credits and renewable energy certificates for resale to consumers to offset their car's carbon dioxide emissions.
INSEQ Corporation (OTC Bulletin Board:INSQ - News), another GreenShift portfolio company, will manufacture systems based on the bioreactor technology for GIDC.
Zu diesen Kursen kann man nicht viel falsch machen.
Aber ist nur meine Meinung;-)
Das Ganze muss man ein wenig längerfristig sehen und dann kauft man zu 0,10er Kursen nach.
greetz joker
Wo bleiben die Nachrichten? alle schon im Urlaub, keine mehr Lust auf Greenshift? Alle schon von Bord? Oder kaufen jetzt alle wieder ein? Ich könnt ja jetzt wieder schreiben: Hey! Klare Kaufkurse jetzt bei Greenshift....aber mal ehrlich...wer nimmt sowas ernst? Also: Sind's jetzt Kaufkurse, oder sollte man lieber doch noch ein wenig warten, oder verkaufen? Wo sind die "alten Hasen", die zum Richtigen raten?
Im Moment gibt es bessere Werte.
Man wird die Teile nächste Woch wieder für 0,08€ bekommen.
Nicht jeder Zock klappt immer;-)
greetz joker
da sind halt zurzeit fast nur zocker drin, und die gehen rein und raus, und wieder rein und wieder raus. für einen steten aufwärtstrend müssen wir schon noch fundamentale daten haben, die positivität ausstrahlen.
geduld, die wird schon kommen, bin aber kein prophet, habe ich nur so im gefühl.
die idee und das portfolio, die dem geschäft zugrunde liegt, ist auf jedenfall i.o.
zurzeit glaube ich an die firma, warten wirs mal ab.
beve
Monday December 19, 10:56 am ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Dec. 19, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced that Greg Barlage has joined GreenShift Industrial Design Corporation ("GIDC"), a wholly owned GreenShift portfolio company, as its vice president of business development.
Mr. Barlage's experience includes 15 years of process engineering, manufacturing optimization, maintenance and operations management with a leading food products company. For the past 6 years Mr. Barlage worked for Alfa Laval, a global leader in heat transfer, separation, and fluid handling solutions. There he was responsible for all capital equipment sales to the meat processing and vegetable oil processors in the U.S. In this position he effectively reformed the sales team to grow sales and innovate with new products and systems for these industries.
Notably, Mr. Barlage lead the Alfa Laval team as it worked with Ethanol Oil Recovery Systems, LLC, another GreenShift portfolio company, in its commercialization of its proprietary corn oil extraction technology. Mr. Barlage has also worked on the engineering and installation of a commercial scale version of GreenShift's Tornado Generator(TM) technology located in Joplin, Missouri, where it effectively processes and dehydrates poultry products into highly nutritional and shelf stable products. This system operates 24 hours per day, 5 days per week and also uses Alfa Laval heat transfer and centrifuge components in conjunction with the Tornado Generator(TM) to produce high quality animal fats, chicken broth and dehydrated poultry proteins.
Mr. Barlage has a B.S. in Electrical Engineering from the University of Toledo, Toledo, Ohio, and an MBA from the University of St. Thomas, Minneapolis, Minnesota.
"I believe strongly in what GreenShift is doing and I am excited to join the team," said Barlage. "GreenShift has quickly pulled together a talented team and an impressive package of unorthodox, but innovative and synergistic process technologies. My entire professional career has been about delivering innovative process solutions to my clients that meet key operational and financial metrics. I am very much looking forward to working with GIDC as we engineer and market green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste for our clients."
"GIDC's technologies currently fall into three primary functional groups: Universal Processing, Emissions Control, and Alternative Fuels and Energy," added Kevin Kreisler, GreenShift's chairman and chief executive officer. "Greg has significant experience engineering and marketing process technologies that fall within each area and we were impressed with his focused hands-on approach. We are excited to have Greg join our team and expect he will be quite busy as GIDC executes on its current initiatives."
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GSHF - News) 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. 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.
Monday December 19, 1:02 pm ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Dec. 19, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced its plans to market a new line of products based on its proprietary Tornado Generator(TM) technology.
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.
Tornado Trash Can(TM)
The current generation of 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 and cost-effectively and rapidly process a very broad array of wastes including agricultural wastes, septic wastes, municipal solid wastes, and construction and demolition wastes. In its most basic mode of operation, the Tornado Generator(TM) can simply be used to dramatically reduce the volume of targeted wastes by about 90%, as well as the associated transportation and disposal costs.
GreenShift's new Tornado Trash Can(TM) product line is designed to reduce the volume of waste shipped off-site by commercial clients in appliances engineered to match the form factor of traditional trash cans.
"The key here is distributed waste reduction - helping a great many consumers each do a little bit to reduce what they throw away," said David Winsness, chief executive officer of GreenShift's industrial design group. "GreenShift's Tornado Trash Can(TM) products are designed to cost-effectively reduce disposal costs by decreasing the frequency of off-site disposal. We continue to see this technology as a 'killer-app' green technology and we are looking forward to bringing its many different applications to market."
More information on Tornado Generator(TM) products will be made available in conjunction with the launch of GreenShift's expected initial limited production run of Tornado Trash Can(TM) products in early 2006.
The new Tornado Trash(TM) product line will be manufactured by INSEQ Corporation (OTC Bulletin Board: INSQ - News), a 70% owned GreenShift portfolio company, and will initially be sold exclusively through INSEQ's new online green products marketplace, which is slated for launch later this month.
A prototype based on the new design was recently completed and is expected to be used to demonstrate the effectiveness of the Tornado Generator(TM) technology for prospective clients on-site at their locations.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GSHF - News) 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. 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.
Thursday December 22, 12:27 pm ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Dec. 22, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) portfolio company Mean Green BioFuels Corporation ("Mean Green") today announced its plans to build a 30 million gallon per year biodiesel production facility in north-eastern Indiana. The new Indiana facility will be one of five such facilities that Mean Green intends to build, own and operate commencing in 2006.
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Details regarding the new Indiana facility will be disclosed early next year in anticipation of a press conference that will be held in the Fort Wayne, Indiana area to formally announce Mean Green's plans.
Mean Green intends to finance, build and operate five 20 to 60 million gallon per year biodiesel production facilities in the eastern U.S., where it will utilize its many patent-pending and proprietary oil recovery technologies to reduce America's dependence on foreign oil by producing high quality biodiesel fuels.
Recently cited by President Bush as "one of our nation's most promising alternative fuel sources," biodiesel is a clean burning alternative fuel that contains no petroleum. It can be blended at any level with petroleum diesel to create a biodiesel blend, it can be used in diesel engines with little or no modifications, and it is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics.
Over 37 billion gallons of petroleum diesel are used for domestic transportation each year in the U.S. The total demand for diesel fuel approaches 50 billion gallons per year when construction, farming and other off-road uses are considered. The current production of biodiesel in the U.S is less than 100 million gallons per year leaving a considerable demand for the renewable fuel.
"Mean Green's business model is distinct in several ways," said David Cantrell, chief executive officer of Mean Green. "The most important distinction is that our model is based on our use of four oil conversion feedstocks whereas most biodiesel models rely only on one oil."
The Mean Green model is based on the production of biodiesel out of the following sources:
soy bean oil;
animal fats procured from rendering operations;
corn oil extracted from ethanol facilities using Mean Green's breakthrough corn oil extraction technology; and
animal fats derived from dissolved air flotation wastewater sludges using the proprietary technologies of Mean Green's sister company, GreenShift Industrial Design Corporation.
"Our investment in Mean Green is not just about helping the environment," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "It is about reducing America's dependence on foreign oil, re-energizing American agriculture, and creating substantial wealth - both for GreenShift's shareholders and for the local economies in the cities and states we select for construction of our biodiesel facilities."
The new Mean Green biodiesel production facility planned for north-eastern Indiana can be expected to initially create more than 100 new local jobs. At a conservative $2.30 per gallon, the new Mean Green facility can be expected to generate about $69 million in revenue per year once operational.
"We believe that America's agricultural sector is filled with highly-skilled, hard-working and creative people with tremendous potential," added Kreisler. "Biodiesel production provides this work force with an important and timely way to have a significant impact on the state of their regional economies and the overall state of the environment by reducing the emission of harmful greenhouse gases. We are proud to have the opportunity to invest in American agriculture and we look forward to bringing our plans to fruition in north-eastern Indiana."
Mean Green BioFuels' Technologies
Oil Extraction From Dry Mill Ethanol Facilities
Mean Green's corn oil extraction process redirects an internal waste stream in dry mill ethanol facilities through Mean Green's proprietary and patent pending extraction systems where crude corn oil is extracted and then prepared for shipment offsite for further refining. Mean Green will purchase and sell this oil on the basis of wholesale and retail prices, thereby stimulating near term cash flows pending the initiation of operations at its planned new biodiesel facility.
Mean Green will install the oil extraction equipment in dry mill ethanol production facilities at no charge to client ethanol producers in exchange for first rights of refusal for the oil extracted. Mean Green plans to pay participating ethanol facilities a premium for the oil extract, which will allow for up to 25% in additional profit to the participating ethanol companies with no capital investment.
Oil Recovery from Poultry and Livestock Wastewater 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. 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 in the industry is to transport and dispose DAF sludge through land application.
Mean Green's sister company, GreenShift Industrial Design Corporation ("GIDC"), has 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. This fat can be cost-effectively converted into biodiesel fuel.
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 for conversion into biodiesel. GIDC estimates that the benefit of its technology for an average sized meat processing facility will be about $400,000 per year.