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Greenshift Announces the Formation of Tornado Trash Corporation 2005-09-08 08:33 ET - News Release MOUNT ARLINGTON, N.J. -- (Business Wire) -- Sept. 8, 2005 Greenshift Corporation (OTC Bulletin Board: GSHF) today announced the formation of Tornado Trash Corporation (" TTC" ). TTC is a development stage company whose focus is to develop and deploy innovative green technologies designed to minimize and eliminate the practice of landfill disposal by converting trash into valuable metals, chemicals, plastics, fuels and energy. GSHF plans to license an array of green technologies to TTC, including the Tornado Generator and Ovation Product`s Clean Water Appliance. GSHF plans to take TTC public in the fourth quarter this year and GSHF intends to pay a dividend of the newly public TTC shares to GSHF shareholders at that time. TTC plans to staff up during the balance of Q3 2005, and then expects to acquire its first site co-located at a small municipal sold waste landfill in the eastern U.S. In addition, the company`s objective is to design and introduce residential and commercial scale Tornado Waste Processing Appliances. INSEQ Corporation (OTC Bulletin Board: INSQ) shall play a vital role in the design and production of these devices. Kevin Kreisler, chairman and chief executive officer of Greenshift Corporation, adds " While the technology has demonstrated an environmentally friendly and cost effective method to eliminate the need for additional land fill sites, our ultimate objective is to scale the technology for residential and commercial applications. Imagine the quantum changes made when these Greenshift Technologies are taken to the source (our homes and businesses). We essentially eliminate the need for Water, Sewage and Trash Removal Infrastructures." 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; -- Ethanol Oil Recovery Systems -- GreenShift Industrial Design Corporation; -- Coriolis Energy Corporation; -- Mean Green BioFuels Corporation; -- TDS (Telemedicine), Inc.; -- Sterling Planet, Inc.; -- Ovation Products Corporation; -- TerraPass Inc. In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006. 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. Contacts: GreenShift Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@greenshift.com www.greenshift.com or CEOcast, Inc. for GreenShift Corporation Ed Lewis, 212-732-4300 |
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| aus der Diskussion: | HURRIKAN AKTIE--GSHF--Greenshift Corp (OTC BB) $$$$$ |
| Autor (Datum des Eintrages): | pblack (08.09.05 14:51:16) |
| Beitrag: | 142 von 161 (ID:17828569) |
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