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und dies? INSEQ Restructures Manufacturing Agreement; Company to Manufacture Proprietary Systems for Mean Green BioFuels 2005-09-07 08:00 ET - News Release Also News Release (U-INSQ) INSEQ CORP MOUNT ARLINGTON, N.J. -- (Business Wire) -- Sept. 7, 2005 INSEQ Corporation (OTC Bulletin Board: INSQ) today announced the restructuring of its manufacturing agreement with Ethanol Oil Recovery Systems, LLC ("EORS") and Cantrell Winsness Technologies, LLC ("CWT"), to include certain additional manufacturing rights for Mean Green(TM) BioFuels Corporation, a development stage company that has acquired the rights to a new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels (the "Technology") for a territory encompassing most of the eastern half of the United States. Under the restructured agreement, INSEQ will retain the right of first refusal to manufacture proprietary systems to extract crude corn oil from the evaporation area of dry mill ethanol facilities for further refining into biodiesel fuel (the "Extraction Systems") for EORS in the western half of the U.S. on the basis of the then-prevailing competitive price point for the scope of services provided. INSEQ now has the right of first refusal to manufacture the Extraction Systems, as well as Biodiesel Processing Equipment, for Mean Green BioFuels in the eastern half of the U.S. Given the breadth of the territory and the increasing popularity of biofuels, INSEQ expects the total national demand for the Extraction Systems will accordingly exceed 30 systems over the next 24 months. INSEQ will manufacture the systems at its Ohio based specialty equipment manufacturing facility. The first of these systems are expected to ship during the first quarter of 2006. About INSEQ Corporation INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com. INSEQ is 70% owned by GreenShift Corporation, a business development corporation 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 INSEQ 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 statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Contacts: INSEQ Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@inseq.com www.inseq.com |
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| Autor (Datum des Eintrages): | pblack (07.09.05 15:04:48) |
| Beitrag: | 137 von 161 (ID:17815960) |
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