GreenShift and Center Ethanol Settle Patent Infringement Case
NEW YORK, Aug 17, 2010 (BUSINESS WIRE) -- GreenShift Corporation (OTC Bulletin
Board: GERSD) announced today that GreenShift and its wholly-owned subsidiary,
GS CleanTech Corporation, have settled its patent infringement lawsuit with
Center Ethanol, LLC and entered into a license agreement for use of GreenShift's
patented corn oil extraction process.
"We are pleased to have the opportunity to partner with Center Ethanol as we
work together to maximize the benefits corn oil extraction," said David
Winsness, Chief Technology Officer of GreenShift.
"We have been working with GreenShift for a very short time, but thus far we are
impressed with their professionalism and knowledge of their corn oil extraction
process," added Barry Frazier, President of Center Ethanol.
GreenShift's technical services staff are available at 888-ETHANOIL or
sales@greenshift.com to respond to quotation requests and to answer any
questions about GreenShift's patented corn oil extraction and other
technologies.
Safe Harbor Statement
This press release contains statements that 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 its 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
CONTACT:
GreenShift Corporation
Phone: 212-994-5374
Fax: 646-572-6336
investorrelations@greenshift.com
www.greenshift.com
Copyright Business Wire 2010
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