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Repost e-mail showing UTEK 50 million share INSQ
Posted by: retroman
In reply to: manwe sulimo who wrote msg# 254
Date:8/26/2005 8:53:25 AM
Post #of 261
Kevin Kreislers answer to my email.
Answers all questions on o/s questions and float. The funny thing is I addressed myself as Lenny.
Mr. Retro:
Thank you for your interest. Responses to your questions follow:
1 - There are 3,502,708,435 shares of common stock outstanding, of
which 2,587,513,297 are outstanding but have not yet been issued to
GreenShift by the transfer agent.
2 - About 300 million shares of common stock that had been issued to
an escrow account were recently returned to the Company and retired,
brining the balance at the time from 1.1 billion to about 800 million
as I recall. Another 50 million are currently pending cancellation,
which will bring the balance, not including the GreenShift position,
to about 750 million. Of this amount, about 150 million is held by
management and another 50 million is held by UTEK Corporation.
3 - See above.
4 - We have released several subsequent announcements disclosing that
the closing for this acquisition is planned for the third quarter
2005. INSEQ's third quarter ends on September 30, 2005.
Again, thank you for your interest and support, and I would encourage
you to keep current with INSEQ's evolution over the coming weeks and
months.
Regards,
Kevin Kreisler
GreenShift Corporation
utekcorp holds 50 million shares of INSQ
Lets look at who UTEK is and its relationship with INSQ;
Quoted Below is this (“UTEK looks forward to working with Inseq Corporation to identify potential technology acquisition opportunities that fit its strategic vision,” commented Clifford M. Gross, Ph.D., Chairman and Chief Executive Officer of UTEK.)
http://www.utekcorp.com/index.cfm?pageID=4&tl=4
Inseq Corporation and UTEK Corporation Announce Strategic Alliance to Identify Technology Transfer Opportunities
FOR IMMEDIATE RELEASE
Contacts:
Inseq Corporation UTEK Corporation
Jim Grainer USA: Porter LeVay & Rose
President and Chief Financial Officer Michael Porter
973-398-8183 212-564-4700
UK: Bankside Consultants
Steve Liebmann or Susan Scott
+44 (0) 20-7444-4140
Inseq Corporation and UTEK Corporation Announce Strategic Alliance to
Identify Technology Transfer Opportunities
MOUNT ARLINGTON, NJ & PLANT CITY, FL -- (Business Wire) – June 2, 2005 – Inseq Corporation (OTCBB: ICDT), a facilitator of the efficient utilization of primary and secondary commodities, and UTEK Corporation (AMEX:UTK; LSE-AIM: UTKA), an innovative technology transfer company, announced jointly today the signing of a Strategic Alliance Agreement.
Kevin Kreisler, Inseq’s Chairman said, "We are very pleased to retain UTEK to help identify proprietary technology acquisition opportunities to potentially assist in our mission to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.”
“UTEK looks forward to working with Inseq Corporation to identify potential technology acquisition opportunities that fit its strategic vision,” commented Clifford M. Gross, Ph.D., Chairman and Chief Executive Officer of UTEK.
Through its strategic alliance agreements, UTEK assists companies in enhancing their new product pipeline with the acquisition of proprietary intellectual capital from universities and laboratory research centers. Strategic alliance agreements are generally cancelable by either party with thirty days advance written notice.
About Inseq Corporation
Inseq Corporation’s mission is to facilitate the efficient utilization of primary and secondary commodities inducing metals, chemicals, fuels and plastics. For more information about Inseq, please visit its website at www.inseq.com.
Inseq Corporation is 70% owned by GreenShift Corporation (OTCBB: GSHF), a business development company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
About UTEK Corporation
UTEK® is a leading, market-driven technology transfer company that enables companies to rapidly acquire innovative technologies from universities and research laboratories.
UTEK facilitates the identification and acquisition of external technologies for clients in exchange for their equity securities, while allowing research institutions to receive 100% of the royalties. This unique process is called U2B®.
UTEK transfers proprietary technologies with potential commercial applications to companies seeking product differentiation resulting in a strategic marketplace advantage.
UTEK has operations in the United States, United Kingdom and Israel. For more information about UTEK, please visit its website at www.utekcorp.com.
Corporate OverviewUTEK Corporation is a business development company that identifies, acquires and finances the transfer of university technologies for its corporate customers. According to the Association of University Technology Managers, North American universities last year spent over $38.5 billion on research that resulted in approximately 15,500 new invention disclosures.
With approximately 70 percent of these new technologies going unlicensed, UTEK provides an effective new approach for getting these technologies to market. Partnering with universities with similar R&D interests makes enormous sense to many smaller public companies that have a dramatic need for new technology infusion, but have a limited ability to conduct or finance research.UTEK creates substantial value for universities and laboratory research centers by finding, acquiring and financing the transfer of university intellectual capital for technology firms.
UTEK does not participate or share in the royalty stream but rather acquires an equity stake in the business which brings the technology to market. UTEK calls this new process U2B®.UTEK® is dedicated to building bridges between university-developed technologies and commercial organizations.
UTEK, along with its Knowledge Express, TechEx, UVentures, Pharma-Transfer and Techno-L information services and its UTEK Europe, Ltd., UTEK-EKMS and UTEKip subsidiaries, identifies and transfers new technologies from universities and research centers to the marketplace. As a business development company,
UTEK provides research-outsourcing services to commercial enterprises and technology-transfer services to research institutions.
Mission Statement UTEK Corporation is dedicated to building a strong bridge between university technology and companies that can bring useful new ideas to the marketplace. We strive to inspire our partners to push the envelope of technology to introduce new developments that improve the quality of life and create lasting value.
UTEK utilizes its U2B® model to acquire and transfer socially responsible technologies from more than 250 university and government laboratories.
Together these research organizations represent a tremendous source of intellectual capital. UTEK has worked with the following institutions to license technology, fund research programs or enter into strategic alliances to help bring exciting new technologies to marketplace.
Auburn UniversityBrenau UniversityBrookhaven National LaboratoryCal Tech, California Institute of TechnologyCornell UniversityDartmouth CollegeDICTUC: Chilean UniversitiesFlorida Atlantic UniversityFlorida Institute of TechnologyFlorida International UniversityFlorida State UniversityFraunhofer Institute, GermanyGeorge Mason UniversityHebrew University: Yissum Research Development CompanyHigh-Technologies, Ltd.: Russia UniversitiesJapan Technology Group: Japanese UniversitiesJet Propulsion LabJohns Hopkins UniversityLos Alamos National LaboratoryNational Tech Transfer CenterNauka Scientific & Industrial ConcernNew York UniversityOak Ridge National LabOklahoma State UniversityPacific Northwest National LaboratoryPennsylvania State UniversityRice UniversityRockefeller University Rutgers UniversitySopartec: Université Louvain-la-NeuveThe Interactive InstituteUniversity of AkronUniversity of California at IrvineUniversity of FloridaUniversity of HawaiiUniversity of HoustonUniversity of LoughboroughUniversity of MarylandUniversity of MemphisUniversity of MiamiUniversity of MissouriUniversity of New BrunswickUniversity of RochesterUniversity of South AlabamaUniversity of South Carolina Research FoundationUniversity of South FloridaUniversity of Western OntarioUniversity of West FloridaUniversity of WarwickUniversity of YorkUS Department of AgricultureVirginia Tech UniversityYale University
Sure Manipulation and
The fact that the Bashers scare some into selling along with stops taken out and some flippers of INSQ. Thats it.
*********************************************************
any opinions on today's trading pattern?
tks
News away with OIL and Gas the New Wave is here
INSEQ Executes $30 Million Manufacturing Agreement; Company to Manufacture Proprietary Systems to Extract Corn Oil for Conversion into Biodiesel Fuel
via COMTEX
August 23, 2005
MOUNT ARLINGTON, N.J., Aug 23, 2005 (BUSINESS WIRE) --
INSEQ Corporation (OTC Bulletin Board: INSQ) today announced its execution of an agreement with Ethanol Oil Recovery Systems, LLC ("EORS"), to manufacture proprietary systems to extract crude corn oil from the evaporation area of dry mill ethanol facilities for further refining into biodiesel fuel.
EORS, a green technology development company, is the inventor of a new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels. EORS is a participant of a development partnership comprised of and managed by ethanol producers and plans to finance and construct a biodiesel production facility that will refine the crude corn oil and convert it into biodiesel fuels.
The EORS process will redirect an internal waste stream in dry mill ethanol facilities through EORS' proprietary extraction systems where crude corn oil is extracted and then prepared for shipment offsite for further refining. The extraction systems are the essential element of the EORS technology.
Under the terms of INSEQ's agreement with EORS, EORS has granted INSEQ right of first refusal rights relating to the manufacture of the extraction systems and any other manufacturing needs relating to the extraction systems. INSEQ expects the extraction systems to retail for about $1 million per system and that EORS and its affiliated entities will need in excess of 30 systems over the next 24 months, for total expected revenues of more than $30 million. INSEQ will manufacture the systems at its Ohio based specialty equipment manufacturing facility. The first of these systems are expected to ship during the fourth quarter of 2005.
Kevin Kreisler, INSEQ's chairman, said that "The EORS technology is an exciting and important advance that is designed to plug right into most ethanol producers' existing infrastructure. We see the EORS technology as a particularly potent example of how we can and should be using our natural resources better, and how we can be more profitable for it. These systems will generate additional revenue and increase earnings for ethanol producers, as well as for EORS and INSEQ, and they will enable the increased production of cleaner burning green fuels that can be expected to reduce demand for fossil fuels and reduce the generation of greenhouse gases."
Kreisler added: "GreenShift intends to facilitate profitable interaction between its portfolio companies as appropriate. This agreement is a significant development for both INSEQ and EORS and GreenShift expects to provide INSEQ with financing and any other support it needs as it gears up to meet EORS' needs over the coming months."
EORS and INSEQ are respectively 15% and 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), 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.
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.
SOURCE: INSEQ Corporation
INSEQ Corporation Jim Grainer, 973-398-8183 Fax: 973-398-8037 investorrelations@inseq.com www.inseq.com
Copyright Business Wire 2005
INSQ Parent Greenshift News
GreenShift Restructures Equity Holdings; Company's Common Stock Outstanding to be Reduced by about 47 Million Shares
Business Wire - August 22, 2005 08:00
MOUNT ARLINGTON, N.J., Aug 22, 2005 (BUSINESS WIRE) -- GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that Kevin Kreisler, GreenShift's chairman and chief executive officer, has agreed to restructure his holdings in the Company effective September 30, 2005.
Kevin Kreisler, through his holding company, currently owns 47,440,678 shares of common stock, out of 75,267,506 currently outstanding. Mr. Kreisler also owns 1,000,000 shares of GreenShift Series B Preferred Stock. The preferred stock is convertible on January 1, 2007, into the lesser of 50,000,000 shares of common stock or that amount of shares of common stock such that, when taken with the balance of Mr. Kreisler's other common shares, Mr. Kreisler shall have no more than 80% of the issued and outstanding common stock of the Company at the time of conversion.
Mr. Kreisler has agreed to surrender the entirety of his common stock and his preferred stock. The surrender will eliminate Mr. Kreisler's 80% anti-dilution protections. All shares surrendered to GreenShift will be retired, which will reduce GreenShift's common stock outstanding to approximately 28 million shares at September 30, 2005.
In return, GreenShift will issue Mr. Kreisler a new class of preferred stock. The preferred stock will have a fixed face value equal to 80% of GreenShift's Net Asset Value ("NAV") on September 30, 2005. Mr. Kreisler's voting rights and preferences on dividend payments will remain fixed at 80% until conversion. The new class of preferred stock will be convertible into GreenShift common stock at a rate equal to GreenShift's NAV per share at the time of conversion. GreenShift's NAV per share was reported to be $0.21 per share in GreenShift's Form 10QSB for the period ended June 30, 2005.
"We are aggressively focused on completing investments that are accretive to our NAV and that enhance the intrinsic value of our existing portfolio holdings," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "I personally believe that GreenShift's market value will align itself with our NAV over time, even as our NAV increases in line with our planned growth. The new preferred has a fixed face value so the more successful GreenShift is in its efforts, and the higher GreenShift's NAV, the fewer shares I will receive on conversion - and I have no intention of converting anytime soon. My feeling therefore is that this structure more closely aligns my personal interests with the future value of GreenShift."
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;
-- INSEQ Corporation;
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Coriolis Energy Corporation;
-- TDS (Telemedicine), Inc.; and,
-- Ethanol Oil Recovery Systems, Inc.;
-- Sterling Planet, Inc.; and,
-- Ovation Products Corporation
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.
SOURCE: GreenShift Corporation
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
Fax: 212-732-1131
elewis@greenshift.com
Great News up from here
INSEQ Chairman Cancels Sale of Stock; Surrenders 50 Million Shares for Retirement by the Company
via COMTEX
August 22, 2005
MOUNT ARLINGTON, N.J., Aug 22, 2005 (BUSINESS WIRE) --
INSEQ Corporation (OTC Bulletin Board: INSQ) today announced the cancellation by its chairman, Kevin Kreisler, of his previously planned sale of INSEQ common stock.
Mr. Kreisler had previously planned to sell 35 million shares of his INSEQ stock over the next thirty to ninety days under the terms of a 10b5-1 program. No sales were completed to date under this program, in part because Mr. Kreisler's share price goals were not met. Mr. Kreisler will instead surrender all 35 million shares to the Company for retirement, plus an additional 15 million shares of INSEQ common stock issued to Mr. Kreisler for his services earlier this year.
"I was impressed with the response I received from a number of our shareholders relative to my planned sale," said Kevin Kreisler, INSEQ's chairman. "I had intended to contribute a portion of the proceeds from these sales to reduce INSEQ's debt. But a number of our shareholders argued that surrendering the shares will be more accretive to shareholder wealth than simply reducing debt today, particularly as we reduce debt with the earnings and surplus assets of INSEQ's planned acquisitions. I re-worked the numbers and they appear to be correct. Accordingly, I am cancelling my planned sale and surrendering these 35 million shares plus an additional 15 million shares of INSEQ common stock that I had received earlier this year for my services."
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 (OTC Bulletin Board: GSHF), 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.
SOURCE: INSEQ Corporation
INSEQ Corporation Jim Grainer, 973-398-8183 fax: 973-398-8037 investorrelations@inseq.com www.inseq.com or CEOcast, Inc. for INSEQ Corporation Ed Lewis, 212-732-4300 fax: 212-732-1131 elewis@ceocast.com
Copyright Business Wire 2005
Print story
Per Yahoo says Kreisler as of Aug 5, 2005
KREISLER, KEVIN: Declared Holdings
Company/Relationship Reported Shares Ownership
GreenWorks Corp
Chairman
GWRK 1-Apr-05 47,440,678 Indirect
Incode Technologies Corp
Chairman
ICDT 4-Apr-05 50,000,000 Direct
INSEQ CORPORATION
Chairman
OTC BB:INSQ.OB
(historical quotes, other insiders) 5-Aug-05 15,000,000 Direct
VERIDIUM CORPORATION
Chairman
OTC BB:VRDM.OB
(historical quotes, profile, other insiders) 29-Jun-04
14-Jun-05 1,960,414
8,385,944
10,346,358 Direct
Indirect
Total
Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
ADVERTISEMENT
5-Aug-05 35,000,000 INSQ Private Sale at $0.0028 per share.
(Proceeds of $98,000)
14-Jun-05 *925,926 VRDM.OB Private Purchase at $0.054 per share.
(Cost of $50,000)
29-Apr-05 *353,636 VRDM.OB Private Purchase at $0.083 per share.
(Cost of $29,351)
4-Apr-05 50,000,000 ICDT Acquisition (Non Open Market) at $0 per share.
1-Apr-05 *46,300,000 GWRK Private Purchase at $0.16 per share.
(Cost of $7,408,000)
1-Apr-05 *368,322 VRDM.OB Private Purchase at $0.10 per share.
(Cost of $36,832)
22-Feb-05 *350,038 VRDM.OB Purchase at $0.10 per share.
(Cost of $35,003)
3-Feb-05 *500,000 VRDM.OB Purchase at $0.10 per share.
(Cost of $50,000)
25-Jan-05 *250,000 VRDM.OB Purchase at $0.10 per share.
(Cost of $25,000)
3-Jan-05 *57,033,938 GWRK Statement of Ownership
29-Dec-04 *1,500,000 VRDM.OB Private Purchase at $0.09 per share.
(Cost of $135,000)
29-Jun-04 280,769 VRDM.OB Purchase at $0.30 - $0.65 per share.
28-Nov-03 *353,333 VRDM.OB Acquisition (Non Open Market) at $0.50 per share.
(Value of $176,666)
28-Nov-03 493,334 VRDM.OB Acquisition (Non Open Market) at $0 - $0.5 per share.
28-Nov-03 *215,000 VRDM.OB Sale at $0.50 per share.
(Proceeds of $107,500)
28-Nov-03 215,000 VRDM.OB Sale at $0.50 per share.
(Proceeds of $107,500)
21-Oct-03 3,567,709 VRDM.OB Statement of Ownership
21-Oct-03 *234,503 VRDM.OB Statement of Ownership
* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)
CEOcast Interviews GreenShift CEO Kevin Kreisler
Thursday August 18, 2:29 pm ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Aug. 18, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) 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.
ADVERTISEMENT
In the interview, Kreisler focused on GreenShift's results of operations for the second quarter 2005, GreenShift's first quarter as a regulated business development company ("BDC") under the Investment Company Act of 1940, and GreenShift's development plans for the balance of 2005.
The interview is available immediately online at www.CEOcast.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;
-- INSEQ Corporation;
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Coriolis Energy Corporation;
-- TDS (Telemedicine), Inc.;
-- Ethanol Oil Recovery Systems, Inc.;
-- Sterling Planet, Inc.; and,
-- Ovation Products Corporation.
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.
Contact:
GreenShift Corporation
Jim Grainer, 973-398-8183
fax: 973-398-8037
investorrelations@greenshift.com
www.greenshift.com
or
KCSA Worldwide
Michael Cimini / Garth Russell
212-896-1233 / 212-896-1250
mcimini@kcsa.com / grussell@kcsa.com
Post from another Board on INSQ
INSEC Corporation (INSQ, OTC:BB) began trading 15 July after merging with Incode as announced the day before:
http://biz.yahoo.com/prnews/050714/nyth098.html?.v=15
Lots of reasons why INSQ should move briskly upward with some probability of 5- or 10-bagger:
* The idea is simple. If beverage containers from fastfood restaurants and convenience stores all used the
same size of lid, they'd save money and free up shelf space for other5 purposes. See advantages in today's
PR from the company that designed OneLid (TM) and owns 70% of INSQ
* Great press release this morning from Greenshift, the company that designed OneLid and owns 70% of INSQ.
http://biz.yahoo.com/prnews/050718/nym061.html?.v=16
And here's INSQ's PR from this morning on manufacturing and selling OneLid:
http://biz.yahoo.com/prnews/050718/nym062.html?.v=15
Just remember there's more money to be made in producing the product than in having designed it.
* Finally, whatever the demand is, supply of shares is constrained by Greenshift holding a large position (presumably so that they'll benefit from sales as well as having designed OneLid.)
IMS check it out our next aquisition
http://www.independentmetalsales.com/
This is our PR firm for INSQ
Looks real good to me
http://www.kcsa.com/
Off Topic
Date: Wed, 17 Aug 2005 00:43:52 -0700
From Dateline to Overstock....The Plot Thickens
(Editor's note: Since I was out of town when Dateline finally aired
their "expose'" on the stock market scandal, let's dispense of that
little item first. It was the most irrelevant piece of fluff ever aired in
the history of television. It would be the equivalent of spending a year
putting together a documentary on the Watergate scandal, and then
editing it down to a ten minute piece about Nixon's dog Checkers.
When we first broke the story about the Dateline expose' over a year
ago, we asked if Dateline was losing credibility over the Stockgate
story. Now we simply say: Credibility? What credibility? I asked readers to
send me their thoughts on the show, and I'll post some of those emails
in a couple of days, and then we'll bury Dateline in a shallow grave,
where it will be easy for the wild animals to pick its dead carcass
clean. It's amazing that the show was was able to stand erect for so many
years, considering it (and everyone connected with it) have absolutely
no spine. R.I.P.)
Now, down to business. For the past couple of months, I've been
discussing the role of the hedge funds in the stock counterfeiting scandal.
I'm working on an article about them right now, but in the meantime, a
lawsuit filed by Overstock.com against hedge fund Rocker Partners, an
ensuing conference call from Overstock CEO Patrick Byrne, and a
appearance by Byrne on CNBC's "Street Signs" with Ron Insana (the reporter who
threw the fight in the Dateline segment just a few days earlier) did
more to bring nationwide exposure to the stock market scandal in a couple
of impromptu interviews than Dateline accomplished with hundreds of
hours of interviews and a year and a half to put together their monumental
non-event. As I said.....Dateline, R.I.P.
Then, earlier this evening, I received an email with this commentary
attached, describing an interesting take on the Bryne conference call,
where he made several veiled references to an individual who he says is
fraudulently manipulating his company's stock, referring to him in Star
Wars terminology as the "Sith Lord." The first website where this
article was posted mysteriously disappeared, then it reappeared on another
site. When I emailed the anonymous author to ask for permission to
reprint it, the email was returned as undeliverable: "not a valid mailbox."
So, here goes.....I'm posting the opinion piece in its entirety, and
if the original author wants to come forward and receive credit for it,
or ask us to pull it, we'd love to hear from you. It makes sense to me,
and he/she makes a great case for fingering Michael Milken as the "Sith
Lord" referenced in Bryne's conference call.
Two other points: Byrne describes his villain as a "master criminal
from the 80's" (when Milken was prosecuted and imprisoned for
perpetuating massive stock market fraud), and a Businessweek article from 1999
describes Milken as a "a huge science-fiction fan who loves to make
references to Star Trek and Star Wars in his speeches".
Is Michael Milken Patrick Bryne's "Sith Lord"? Decide for yourself.
Read the rest of this article at:
http://www.faulkingtruth.com/Articles/Investing101/1037.html
Repost on Presentation INSQ will benefit.
GSHF presenting at Venture Capital/Investment banking Expo next month in NY.
http://www.valuerichonline.com/ny05/index.php?id=nypresent
http://www.valuerichonline.com/mag/index.php?id=home
rivet
Most important part of todays News IMO
"INSEQ's development plans for the balance of 2005 include increased sales for the WDS operation, the completion of at least one acquisition for the WDS operation, the completion by INSEQ of at least one additional acquisition beyond INSEQ's currently pending acquisition of Independent Metal Sales, Inc., and the completion and launch of INSEQ's secondary commodities trading platform," added Kreisler.
The Company previously announced its execution of an agreement to acquire Independent Metal Sales, Inc., which is anticipated to bring INSEQ to about $21 million in annualized sales and $2.1 million in annualized EBITDA. The Company has received a commitment letter from a conventional creditor for debt financing to support the completion of this transaction, which is scheduled to be completed during the third quarter 2005.
SHORT SELLING COMBINED WITH FRAUDULENT STOCK MANIPULATION
Submitted by Gregory J. Halpern ? CEO, Circle Group Holdings, Inc. (CXN: AMEX)
Mr. Halpern is the Director of the Midwest Regional Chapter for the CEO Council
Small Business Hurdles
The millions of small business professionals that own and operate small companies in this
country produce a majority of America's private gross domestic product, most of the
taxable revenue to the treasury, and most of the new jobs every year. Between 1990 and
1995 they created 76 percent of America's new jobs. In 1998 alone, this sector created 31
million new jobs in nearly 900,000 new companies. And this trend is expected to
continue. A crucial component of our domestic economic engine is the ability to create
funding through access to the capital markets. Everyone who owns or runs a publicly
traded small business knows the hurdles that they must overcome in order to make their
business successful, including obtaining funding, completing all of the regulatory filings,
competing for market share, and compliance with Sarbanes-Oxley with the outrageous
cost burden it imposes, to name a few. Small public companies, and many others with the
goal to get to the capital markets accept all of this, plus long hours, late nights, and
weekends as what it takes to grow their business, improve the world with their products
and services, and create wealth for themselves, their employees, their shareholders and
the economy.
But small public companies and their shareholders are facing a severe problem, and they
are looking to the Securities & Exchange Commission, the Justice Department, and the
F.B.I. to help them get urgently needed relief. The problem is that short selling is being
intentionally combined with fraudulent stock manipulation to destroy the value that small
American businesses in the capital markets work so hard to achieve. The points contained
in this position paper have tremendous merit for all small public companies but it must be
pointed out that it was written with a bias because our company, Circle Group Holdings,
has been under constant attack from a well-organized group of criminals for over a year
and a half. Our management team and employees, who are all owners of the company¢s
stock, are tenacious, tough minded, fighters of injustice, with multi-faceted business
experience and backgrounds in martial arts. Thanks to our intestinal fortitude learned
from these backgrounds, we have survived the attacks, and fully expect to survive any
additional attacks. From early 2004, until the present, Circle Group has successfully
battled its attackers by getting several public web sites and chat boards to remove
malicious phony content, getting a protective court order and winning motions on cutting
edge Internet jurisdiction issues. We found out through this experience that one of our
attackers is now a defendant in other securities matters and is currently being prosecuted
by the SEC for another unrelated stock fraud. Tragically, many other small public
companies have gone out of business. Still more will not survive the attacks or mount any
serious defense against the perpetrators who work in hiding, often live and/or operate off
shore, have completely phony identities and are cloaked by the anonymity of the Internet.
For additional perspective our company, Circle Group Holdings has a legitimate natural
food technology solution for obesity called Z-Trim that was developed at the U.S.
Department of Agriculture over many years with significant amount of taxpayer dollars.
Many anonymous attacks have been made against the company and its personnel in
particular saying that Z-Trim is a scam. Except for bashers, no one on the planet has even
suggested that Z-Trim invented by one of the world¢s most influential agricultural
scientists, is a bad invention. Yet the bashers who attack the company, post numerous
outrageous lies about Z-Trim. It is amazing that the number one health problem in the
world today is obesity, and this outstanding technology could reverse the course of this
devastating disease, yet here is this group of criminals posting lie after lie with their only
goal to destroy the value of the company¢s equity and shareholder value. Many innovations
and inventions that could have benefited humankind will never get to market because of
the companies that were destroyed by these criminals.
When just looking at approximately 5000 small and micro-cap companies that have an
average issued and outstanding share total of 40 million shares, and multiplying that by
an average $5 loss on share value, we estimate the losses to investors to be at least a
trillion dollars annually. The number is probably a lot higher when you factor all the other
companies attacked and then lost jobs, potential new economies of scale that never
develop, lost capital markets formation, increased cost burdens on government and
families to support those individuals wiped out, lost individual and corporate taxable
revenue to the treasury, lost improvements to our lives from innovation that does not
occur, and lost investor confidence in the emerging markets as well as erosion of the
American Dream.
Therefore, the primary objective of this Position Paper is to provide valuable information
and suggestions that if heeded, and if existing laws are enforced, will help countless
companies and their shareholders avoid suffering this fate in the future. Without help,
many companies will not survive, and many more will have their shareholders¢ value
severely damaged. The criminals who perpetrate the attacks being discussed here are
bold, well organized economic terrorists who commit securities fraud daily, without
punishment, and who benefit immensely from the technological advances of the Internet
and the economics of regulatory authorities who are challenged to justify the cost of
pursuing these crimes. After a miserable half decade in the capital markets, if the
economy is to ever improve in a noticeable way, this problem must be fixed. While serving
large corporations to better prevent rampant fraud exposed in recent times, Sarbanes has
not served small business in any way to restore investor confidence in the market as
evidenced by the lack of capital market investment and investors continued knee jerk
reactions to nearly every piece of daily news. The good news is that the legal system in
place, if utilized as suggested herein, already provides the ability to remove most of the
current network of criminals from the capital markets and restore investor confidence,
thereby stimulating many other areas of our economy.
The Growing Problem
Unscrupulous speculators have found ways to short stocks and then manipulate
companies stock prices lower by continuously attacking the companies on Internet
financial chat boards, websites, and through other highly illegal and unethical means.
Agents for competitors or shareholders of competing companies¢ stocks may also make
these attacks for obvious reasons. The bloggers and bashers spend their days, nights, and
weekends, viciously attacking the companies they short with continuous false disparaging
chat board posts about the companies, their management, employees, products and
investors. Some of these shorting syndicates and other bashing groups are well
organized, but all have one goal in mind, posting defamatory negative false or distorted
information in an effort to severely damage a company¢s reputation and stock price. Some
bashers also utilize so-called ?watchdog? websites to attack companies, but only after
alerting their subscribers that they are going to issue a negative report about a targeted
company. This gives their subscribers the opportunity to get a solid short position before
the attack begins, thus creating additional short or negative pressure on a stock. These
activities constitute securities fraud.
One listed company sells a homeopathic medication to reduce the duration of the common
cold. The company was attacked by a group that called for a class action suit for users of
the product who suffered a loss of smell from using the product. A website posted this
information encouraging people to contact them to discuss potential legal actions against
the company. A Dow Jones newswire article reported on these so-called consumer
complaints about the product and their loss of smell. The company has given assurances
that it adheres to FDA guidelines and restrictions and was unaware of an FDA inquiry into
the safety of their product. As a result of the group that attacked them and the news
articles that followed, the company¢s stock price began to drop, and kept dropping until
their market cap was cut to less than half. The number of people who signed up to be a
part of the class action suit against the company turned out to be only two, a husband and
wife. They both claimed to have some loss of smell from using the product, but only after
the website and news article came out. The stock recovered some of its huge drop once
people realized that the claims made against the company weren¢t what they first
appeared to be. Unfortunately, the stock price has only gone up to a portion of what it
lost, and the shareholders who lost in excess of several hundred million dollars are the
ones who suffered as a result of this.
How They Operate
The criminals are short-selling bashers, and illegal stock manipulators, who repeatedly
post outrageous known lies or distorted half-truths with a dogged determination and
single-minded purpose ? use any means possible to drive the stock price down.
In the small and micro cap market, most increases in value to a stock occur when more
people buy more shares. Any such occurrence will automatically result in relentless
postings that the company is a pump and dump scheme. The bashers will post as many as
a dozen posts at a time under multiple aliases in order to dominate a chat board. On
some message boards that give you the option, they continuously post under multiple
aliases with a strong sell sentiment, even if they may only post about the weather or some
other nonsense post, so that a person visiting that chat board would see an overwhelming
majority of the posts and posters with a strong sell sentiment. They disparage the
company¢s products, employees, management, business plans, and anything else about
the company so they can create serious doubt about the company in the minds of
investors and potential investors. They post their opinions but make them appear to be
facts. They make very slanted interpretations of anything the company does as if they
were giving an expert analysis, with their conclusions always being the most negative they
can be. When the company issues a positive press release, they state that the press
release is all hype, released only to increase the stock price. If an insider makes a sale or
exercises an option, they post false claims that management is dumping the stock
because it is getting ready to drop. They ask questions about the company and its
products such as: ?What studies have they done to prove that their products are safe?? and
?What¢s to say that their products don¢t cause cancer?? and ?Don¢t you think that the SEC
should look into the way this company does business?? All comments made are negative
or are cleverly and carefully worded posts intended to damage the company, by either
giving people the idea that the company¢s products are unsafe or cause cancer, that the
company¢s management is incompetent or dishonest, or to make people think that the
company is doing something illegal and needs to be investigated by the SEC.
Honest investors, who happen upon the board, will often get buyers remorse from seeing
an overwhelming negative sentiment and immediately ?panic sell? the stock, which creates
additional downward pressure and serves the criminal campaign well. Occasionally, an
investor will attempt to say something positive about the company, but the resulting
attacks on them will be vicious, thereby hurting their confidence in their investment
decision and causing them to promptly abandon the board and usually the stock
altogether. They simply do not realize that the bashers are on the board 24 by 7 because
that is their job. That is how they earn their living.
There is No Limit to Their Efforts
There is no limit to what the bashers will do to try and drive down a stock price. They
constantly make statements about how bad a victim company is managed or how
incompetent it¢s CEO is and call for shareholders to ask that the CEO be replaced. Another
common practice is to make harassing phone calls to a company¢s customers and
suppliers and flood them with negative questions and comments about the company, its
products and its management in order to damage the business relationships that it has
with these companies. This practice has and will continue to destroy many new, existing,
and developing business relationships. Bashers make posts about forming shareholder
class action lawsuits against management and directors and intimate that the SEC should
be investigating the company for fraud and lots of other securities violations. They
encourage investors to contact the SEC about all of the supposed improprieties of what
they refer to as the ?pump and dump scheme? company.
Bashers will also send messages to the SEC, and other government agencies that might
affect a companies¢ business, with accusations of wrong doing by the company, and its
officers and other employees. As a result, a company might get an inquiry from a well-
meaning employee of the Better Business Bureau, FDA, NASD, the exchange the company
trades on, or various others. Even though the company is able to answer such an inquiry,
for a small company this is time consuming, costly, and diverts valuable limited resources
away from the company¢s actual business all to the gleeful delight and self serving interest
of the criminals while assisting greatly in the success of the illegal manipulation.
Bashers post predictions of a much lower stock price in the near future to convince
existing stockholders to sell so they don¢t lose all of their investment. They make
statements on a regular basis about the company being de-listed or going bankrupt, and
they attack any shareholders that try to post anything positive about the company in an
effort to defend it against the bashers. One website targeted companies by posting press
releases about their victims, and misrepresenting them to look like they were produced by
the SEC. That same website posted information that made it look like every company it
reported on had their trading suspended or was being investigated by the SEC. The owner
of the website is being prosecuted for securities fraud on another matter. As a result of
those postings, each company¢s stock price dropped dramatically. Why do the bashers do
this? They do it to scare as many potential investors as possible away from purchasing the
stock, and as many existing shareholders as they can into selling the stock in order to
drive the stock price down. Again, as you can start to see, it all has a premeditated and
cumulative negative effect.
Companies Are Slow To React
Companies that are attacked in this manner will often times ignore it at first, as just some
disgruntled former employees. Depending on how aggressive and coordinated the bashers
are, a targeted stock can drop quickly. The companies must then take notice and deal with
the problem. They will get calls on a daily basis from shareholders that want to know
about all the negative things that have been posted about them, and why the stock price is
dropping. They want to know if the SEC is really investigating the company, or if there are
class action suits pending against them or if their products are safe or not. The companies
will then have to be in the business of following the various chat boards to see what is
being said about them so that they can respond to their shareholders and potential
investors that call them. This is not only an added expense in time and money for the
company, but it also distracts them from the task of building their company and running
the day-to-day operations of their business.
Companies that try to defend themselves through legal means will face still higher costs
and an even greater waste of resources that make this activity difficult and expensive.
Regardless, nearly every activity the bashers undertake is illegal, not policed, and designed
to be totally self-serving and cumulative ? and it almost always works. But when it doesn¢t
work enough to destroy most if not all the value, more bashers will be employed to
expand the fraud by making the population of unhappy investors look even larger.
As the stock depreciates, the funding that most bootstrapping entrepreneurs need to grow
their emerging businesses dries up, even though the extreme costs of being a public
enterprise do not decrease. This leads to the loss of jobs, GNP, additional erosion of
investor faith and the decline of economies of scale.
The Deck Is Stacked Against Small Business
The bashers claim to be protected by freedom of speech under the First Amendment. The
problem with their argument is that what they are doing is illegal and fraudulent stock
manipulation at the criminal level, defamation and tortuous interference with business
relationships at the civil level. Chat board providers claim immunity from prosecution in
anything relating to what is posted on their chat boards. In the late 1990¢s, in an effort to
allow free flow of content in the Internet, the Communications Decency Act, was enacted
to protect Yahoo, AOL and other web portals from liability whenever posters put up
content that was illegal, immoral or otherwise objectionable. So for example, if our
children chatted with a masquerading Internet predator or saw pornography on an AOL
website, then AOL would not have any responsibility.
The Act is now a shield of immunity for internet service providers and message and chat
board companies that shy away from the moral responsibility due solely to the costs and
resources they claim are needed to remove illegal, fraudulent, defamatory or otherwise
destructive content. They have abuse departments who can only be contacted by email,
and that only very selectively take any action against posters for violating their terms of
service policy. Basically what it has turned into is an environment where anyone can post
anything they want about a company no matter how far from the truth that is, and the
company has very little, if any recourse against the anonymous person. Yet such a post
can cause severe damage to the company and its future.
Anonymous and Untraceable
Bashers can work alone or with other bashers to attack a company, and post their attacks
using multiple aliases to hold a conversation that appears to be among more than one
poster, in order to give visitors to the chat boards the impression that there are many
people sending these doomsday messages, and giving the attacks the appearance of
credibility. The bashers use multiple aliases, anonymous email accounts, roving IP
addresses and public access points, as well as other methods to avoid being traceable.
Here are some of the comments that were made on one of the basher websites.
?Don't even bother trying to ID the account. It was created at the New York Public Library,
Fifth Avenue location, and is only accessed through proxy servers.?
?Who are we? Your worst nightmare! ?
?Imagine an anonymous team of professional researchers and writers with a network of
mainstream contacts and all the investigative tools the Internet has to offer digging into
your scam. Imagine a flash mob featuring you popping up overnight at twenty anonymous
sites and sent to major news services via a news feed.?
?Here we are. And with anonymous proxy servers and public hard-wired and wireless
Internet access points, there isn't a damn thing you can do about it. By the time you
intimidate one of our free host sites to kill a report; it has been copied and mirrored ten
times.?
There are also websites set up that offer to drive a company¢s stock price down for a fee -
NEW FROM FAKE - THE "DEATH STAR" FAKE's Bulgarian programmers have finally perfected
the ultimate weapon of stock mass destruction. Basing their model on former Blinder and
Robinson Broker Wendy Gordan of South Florida, FAKE has produced the last word in piss
poor pump bots. With an unprecedented record of thirty total price collapses and massive
reverse splits, put this MOAB of pump bots to work for you today! Wondrwen can drive a
price to zero bid in three months or less, guaranteed by FAKE.
FAKE's business philosophy is simple: We are in it for the money. Period. We don't care
who gets hurt, what companies get destroyed, or what innovative or lifesaving products
never see the light of day!! We are here to get ours, and yours. FAKE the rest of them!!
That is the attitude customers appreciate from a professional paid basher organization.
Why Have Financial Message Boards?
Message boards such as Yahoo, Raging Bull, and Silicon Investor give investors the
opportunity to share their views and comments as they may relate to specific stocks or
general investing. But they also allow disgruntled former employees, competitors, stock
manipulators and others to post their negative messages. In many cases these negative
posters have "shorted" a stock and want to do all that they can to see the stock price move
downward. Negative posters usually don¢t work alone. They team up with other ?bashers?
and gang attack a company.
The ISPs, and message and chat board companies have the best of both worlds. They are
essentially immune from prosecution for any content that is posted on the websites or
servers that they control, but they reap the benefits from all of the ad and other revenue
that is generated by the banner and pop-up ads and services that appear or are offered on
their websites and message and chat boards. This lack of accountability is a conflict of
interest and needs to be remedied. The conflict of interest is very apparent when abuse
complaints that are made by individuals and will they actually do anything to remove the
abuse, even though they have this as an option as spelled out in their companies for posts
that violate a provider¢s Terms of Service Policy pass with no action to remedy the abuse.
They send auto-reply emails which tell you to use their profanity filters, or to put the
posters on an ignore list, but very rarely Terms of Service policies.
A Call For Help
Some will say that people don¢t pay attention to chat boards, but they do. Ask some
shareholders if they ever go to financial chat boards. You will be surprised by the number
of people that do. The plan of the basher is to create havoc and cause sincere investors to
lose confidence in the targeted companies. One poster we identified has made over
70,000 posts attacking various companies and hurting shareholder value. These bashers
know that nothing will happen to them for doing this, and they feel that they are protected
by the anonymity of the Internet, Freedom of Speech, SLAPP legislation and Internet
jurisdictional issues, so they continue their relentless illegal attempts at manipulating
stock prices of small businesses across America. Posting negative information about a
company on public message boards isn¢t illegal. However, intentional misinformation is
actionable by governmental authorities, whenever it affects the trading price of a security.
When contacted about this problem, the FBI said that they understand and are well aware
of this problem. They explained that they have successfully prosecuted such cases but at
too high of a cost and without recouping of significant monies afterward to warrant future
action. Actually, their main focus currently is identity theft, which admittedly is a huge
problem.
These bloggers and bashers for the financial gain of criminals and the support of
economic terrorists are intentionally damaging shareholder value. This activity is illegal
and needs to be stopped immediately to restore the smaller capital markets. This will in
turn lead to the eventual and positive restoration of the overall capital markets and then
finally the overall economy.
With this Position Paper we respectfully request that the SEC, in conjunction with all other
state and federal law enforcement agencies, utilize the laws that already exist and are
available to make the pursuit of these criminals a top and immediate priority. Companies
with chat boards and phony web sites need to be forced to remove false content and turn
over all records related to those individuals. We ask that the SEC expose, prosecute and
convict these cyber criminals; it is the correct legal and moral activity to undertake at this
time. Publish their real names on lists similar to what is now done with convicted child
molesters so that service providers can guard against such criminals in the future. Making
examples of the current batch of stock fraud cyber criminals, and then keeping the boards
clean in the future, will have a profound positive effect on the capital markets and
ultimately the economy. Although there are many phony web sites, there are truly only
three influential chat boards where the problems are proliferated as described above.
Yahoo alone receives, and profits immensely from over one hundred million investor hits
per day, so putting pressure on them will cause its management to be influenced into
becoming responsible for the crimes committed without hiding behind the CDA. Investor
confidence needs to be restored, and this is one problem that has to be addressed and
remedied in order for that to happen. Small public companies need the SEC¢s help in this
matter immediately to put these criminals out of business. Contrary to administrative
sentiment, it would take very few resources to fix this problem. The criminals engaged in
this activity are certainly cowards, as they do everything they can to retain their anonymity.
For the reasons mentioned herein, it will require only a small amount of low budget
intervention and prosecution by Federal authorities to insure that criminals are not so
brazen and eager to attack small public companies in this manner in the future. Only then
can the goal of efficient small company capital formation be achieved.
This says it all in the last INSQ PR
Bought WDS at the right price and "WDS grew substantially during 2003 and 2004 in response to substantial contracts WDS had received with a major multi-national electronics manufacturer," said Kevin Kreisle
The following is a summary of selected financial data relating to WDS that was included in INSEQ's new filing:
Three Months Ended Year Ended Year Ended
3/31/05 12/31/04 12/31/03
Revenues $ 1,558,003 $ 5,047,087 $ 2,195,731
Cost of Revenues 1,284,534 5,209,352 2,554,110
Gross Margin (Loss) 273,469 (162,265) (358,379)
General and
Administrative Expenses 76,698 316,147 342,529
Income (Loss) from Operations 196,771 (478,412) (700,908)
Other Income (Expense) (8,643) (206,027) (58,008)
Income (Loss) Before
Income Taxes 188,128 (684,439) (758,916)
Income Tax Expense -- 755 351
Net Income (Loss) $ 188,128 $ 942,656) $ (239,010)
"WDS grew substantially during 2003 and 2004 in response to substantial contracts WDS had received with a major multi-national electronics manufacturer," said Kevin Kreisler, chairman of INSEQ and chairman and chief executive officer of GreenShift Corporation. "While their growth got a bit ahead of them during these prior years, the implementation this year of increased cost controls has brought their margins into line. We expect WDS to make a significant positive contribution to INSEQ's aggregate profitability for this year, particularly as we layer additional sales and regional acquisitions into WDS' operations."
"The WDS acquisition was strategic to INSEQ in several ways," added Kreisler. "Aside from its earnings, marquee client list and some impressive talent, we expect that WDS' rapid prototyping, manufacturing and automation capabilities will be an integral part of INSEQ's growth moving forward as several of GreenShift's portfolio companies plan to rely heavily on WDS' capabilities relative to their respective manufacturing needs."
INSEQ also disclosed that the purchase price it paid for WDS was retroactively reduced from a total consideration of $1.9 million to $400,000 and INSEQ's agreement to eliminate WDS' former shareholder's personal guarantees on or before December 31, 2007.
Abou
Posted on PB
« IDVL Message list / Reply to msg. / Post new msg. « Older / Newer »
By: spewky
07 Aug 2005, 05:26 PM EDT
Msg. 6034 of 6034
Jump to msg. #
All,
Below is the answer i have recieved from Max, i see it pretty much fair and it should be in this way in order to have more credibility. Although, i didn't get the answers i was looking for but i'm still holding my position here and will wait for the news. Good luck to everyone.
Many thanks,
spewky
From: "Max Weissengruber" [Save Address] [Block Sender] [This Is Spam]
To:
CC:
Subject: RE: IDVL Concerns
Date: Sun, 07 Aug 2005 16:13:52 +0000
Dear Sir:
Our policy is that all material matters related to the company are duly reported through news releases and through required filings with the SEC in order that all investors have the same information at the same time.
Max Weissengruber
>From:
>To: max@ozolutions.com
>CC: salah.alsaffar@lycos.com
>Subject: IDVL Concerns
>Date: Tue, 02 Aug 2005 15:17:51 -0500
>
>
>
> Dear Mr. Weissengruber,
>
>I have tried to call you several times but it seems that you are not available. However, i don't want to make it long, all i want is to take few minutes from your time to provide some answers to my concerns about the IDVL business as follows:
>
>1- What's the status on the Letter of intend for wataire indtustries, according to the 10Q filing it should be completed by the end of July 2005, and we're in Aug 2005 now. Could you please clarify what's the delay for?
>
>2- What's the status on the results from the Colorado school of Mines. Kindly, update me with the news as soon as possible. Your cooperation in this matter is highly appreciated.
>
>Many thanks,
still not sure what to think though, some Questions
It seems that by Penny Da Bull post that Max knows something about Waraire but is not saying what. Now why is that, could it be he is not able to because of negotiations going on.
Does anyone know if insiders are selling or buying?
Is there any leagal time frame that IDVL has to let shareholders know if the LOI was cancelled?
I mean IDVL has to explain somrthing sooker or later. I do find it positive that Max did call Penny Da Bull back if that is any concilation.
Again from the From 10 QSB
NOTE I - SUBSEQUENT EVENTS
In June 2005, the Company signed a Letter of Intent to purchase the international marketing rights for all markets outside of Canada and become the sole provider of Wataire Industries, Inc. products. Consideration for the purchase will be negotiated during the process of drafting the definitive purchase agreement, which is expected to be completed by the end of July 2005.
Read this post by sprucegoose on IDVL
sprucegoose
Hello everyone, I am new here and am repling regarding Wataire/IDVL.
I also called Mavis at Wataire today to try to clear up the dividend share discussion. I was told that there was contact between Wataire and IDVL when Wataire was looking for a partner to sell the sales rights to, but there was nothing more than a discussion. A LOI was never signed between the 2 companies and she was curious to hear about the IDVL SEC filing. She told me that it is not IDVL that I will be getting my dividend in but I will be very happy with the company they have chosen to do business with. The name of the new company cannot be announced until the huge short position in Wataire is settled. Wataire are also moving onto the OTCBB themselves very shortly by merging/taking-over/selling the manufacturing rights with/to a OTCBB listed company. So basically Wataire are taking over a OTCBB company as that is the quickest way for them to get off the Pink Sheets and hence meaning the nearly 3 million short shares will have to be covered. The shorts have basically suppressed this companies shares since they brought it down at the end of February. Now they are going to be in severe trouble as the company actually only have about 5 million shares float and 3 million of those are going to have to be bought by the shorters. So to say that there is going to be a short squeeze happening in the not to distant future is an understatement.
Good luck to all, but I'm affraid IDVL is not getting any business from Wataire
**********************************************************
Now if this post is correct Then IDVL can get sued and the CEO can get jail time. Do you think that the CEO and Board of Directors of IDVL want to go to Jail and bankrupt their Company? Looking for answers on what everyone thinks, to me it is sheer stupidity if IDVL filed falsififed information to the SEC. It seems that there is a logical answer somewhere.
Key sttistics on IDVL it states concentrate on formulating a new business plan and concentrating its efforts on identifying and closing focused acquisitions, building itself through steady planned growth.
Share Data
Authorized Outstanding
Date Shares Source Date Shares Source
11/15/2004 800,000,000 DEF 14C 11/30/2004 49,104,430 10KSB
Business Summary
International Development Corp. was in the business of international marketing and distribution of water purification systems using ultra violet, ozone and water activator technology. The Company has elected to terminate all of these activities and concentrate on formulating a new business plan and concentrating its efforts on identifying and closing focused acquisitions, building itself through steady planned growth.
Symbol
Symbol Name Expiration Date
IDVL International Development Corp
OZLU Ozolutions Inc 12/09/2004
OZLUE Ozolutions Inc 05/26/2004
OZLU Ozolutions Inc 04/26/2004
OZLUE Ozolutions Inc 01/21/2004
OZLU Ozolutions Inc 12/22/2003
Management
Name Title
James Clemenger SEC/TR/DIR
1421209 Ontario Ltd BO
Douglas Robertson DIR
Betty-Ann Harland CB/CEO
Brian Robertson CFO
Robert W. Gingell DIR
Arthur N. Kelly DIR
Why would this be in the SEC filing if something was not in the works?
Now we are talking marketing rights in this SEC Filing. Does that make a difference in our relationship with Wataire?
From 10 QSB
NOTE I - SUBSEQUENT EVENTS
In June 2005, the Company signed a Letter of Intent to purchase the international marketing rights for all markets outside of Canada and become the sole provider of Wataire Industries, Inc. products. Consideration for the purchase will be negotiated during the process of drafting the definitive purchase agreement, which is expected to be completed by the end of July 2005.
The phrase below is very tricky in the wording. What are posters thoughts on this phrasing?
The sole provider of Watataire Industries, Inc. products.
Maybe we are not merging and just becoming the sole distributor.
Letter of Intent to purchase the international marketing rights for all markets outside of Canada and become the sole provider of Wataire Industries, Inc. products.
*******************************************************************
We are also waiting for the Colorado School of Mines Results maybe this is involved somehow?
FreshWater Technologies Inc., Wholly Owned Subsidiary of International Development Corp., Contracts Independent Scientific Testing of Water Activation Technology
FreshWater Technologies Inc., wholly owned subsidiary of International Development Corp. (OTCBB:IDVL) announces that The Colorado School of Mines is currently conducting an independent scientific evaluation of the scale prevention and reduction capabilities of electrical ceramics water activation technology. The Colorado School of Mines study is intended to document the ability of electrical ceramics water activators to reduce calcium deposits in boiler applications and remove pre-existing scaling in metal piping.
Robert Glassen, President of FreshWater stated, "Field testing in Costa Rica in boiler operations has indicated significant reduction in scale depositing and prevention of further scale encrustations. Although clear, visual evidence of the effectiveness of water activation is already available, the company wants to ensure the scientific validity of the technology before entering the US marketplace. The Colorado School of Mines laboratory scale testing will introduce calcium chloride to promote scaling within steel pipes and scientifically evaluate the ability of chemical free water activation devices to reduce scale formation. Experiments will be conducted with and without water activation units to accurately establish the ability of water activation treatment when compared with no treatment of identical scale conditions in steel piping. The tests conducted by The Colorado School of Mines are designed to evaluate the effectiveness of water activation in both preventing and removing calcium carbonate scale, describe the character and nature of calcium deposits and also measure the surface tension of activated water when compared with untreated water."
Scale deposits present a significant and costly problem in heating systems that increase energy costs, reduce operating efficiency as well as equipment life. FreshWater's water activation units do not use chemicals and thus provide additional cost savings. The company believes that this rigorous testing process should provide reliable documentation that electrical ceramics water activation technology can provide cost effective solutions for water based commercial heating systems.
A final report should be completed within 60 days.
FreshWater Technologies Inc., in addition to providing water activation technology that removes and prevents rust, scaling and corrosion in water treatment systems, also provides its customers with state-of-the-art, chemical free, drinking water purification solutions.
Forward Looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased level of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
FreshWater Technologies Inc.
Robert Glassen, 716-332-7150
We are also waiting for the Colorado School of Mines Results
When news comes lets hope it is all inclusive Merger and Test results with announced contracts.
**********************************************************
FreshWater Technologies Inc., Wholly Owned Subsidiary of International Development Corp., Contracts Independent Scientific Testing of Water Activation Technology
FreshWater Technologies Inc., wholly owned subsidiary of International Development Corp. (OTCBB:IDVL) announces that The Colorado School of Mines is currently conducting an independent scientific evaluation of the scale prevention and reduction capabilities of electrical ceramics water activation technology. The Colorado School of Mines study is intended to document the ability of electrical ceramics water activators to reduce calcium deposits in boiler applications and remove pre-existing scaling in metal piping.
Robert Glassen, President of FreshWater stated, "Field testing in Costa Rica in boiler operations has indicated significant reduction in scale depositing and prevention of further scale encrustations. Although clear, visual evidence of the effectiveness of water activation is already available, the company wants to ensure the scientific validity of the technology before entering the US marketplace. The Colorado School of Mines laboratory scale testing will introduce calcium chloride to promote scaling within steel pipes and scientifically evaluate the ability of chemical free water activation devices to reduce scale formation. Experiments will be conducted with and without water activation units to accurately establish the ability of water activation treatment when compared with no treatment of identical scale conditions in steel piping. The tests conducted by The Colorado School of Mines are designed to evaluate the effectiveness of water activation in both preventing and removing calcium carbonate scale, describe the character and nature of calcium deposits and also measure the surface tension of activated water when compared with untreated water."
Scale deposits present a significant and costly problem in heating systems that increase energy costs, reduce operating efficiency as well as equipment life. FreshWater's water activation units do not use chemicals and thus provide additional cost savings. The company believes that this rigorous testing process should provide reliable documentation that electrical ceramics water activation technology can provide cost effective solutions for water based commercial heating systems.
A final report should be completed within 60 days.
FreshWater Technologies Inc., in addition to providing water activation technology that removes and prevents rust, scaling and corrosion in water treatment systems, also provides its customers with state-of-the-art, chemical free, drinking water purification solutions.
Forward Looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased level of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
FreshWater Technologies Inc.
Robert Glassen, 716-332-7150
madkapperaz But It could
If all the Companies involved in the merger bring in Revenue with a Large market share for their products with an increased Market Cap when all Companies are combined. Would you agree?
***********************************************************
led,
I agree, but I have never seen a stock symbol / cusip change affect a stock price.
Investing 101 - Jul 29, 2005 ..Dateline Still on for July 31st
- Wall Street vs. Main Street....Dateline Still on for July 31st
by Mark Faulk
As of tonight (Friday, July 29th), the Dateline Stockgate segment scheduled for July 31st (7:00pm Eastern and Pacific Time, and at 6:00pm Central and Mountain Time) is STILL ON.....the commercial for the segment has been airing, showing CNBC's Ron Insana holding an annual report on Eagletech.
In all honesty, I am disappointed with NBC's handling of this issue, after postponing the segment for well over a year, now they appear to be slipping it in with very little fanfare and pre-publicity. As of tonight, it's not even listed on their website, which instead cites yet another courtroom drama segment. Human drama in its finest form.
We can only hope that they "get" this story. As I've been told by several key players who were involved in the segment, it's a complicated and difficult story to tell. On the other hand, I've been telling it for over a year, and it seems as clear as day to me. One thing I am sure of, regardless of the slant that Dateline takes in their segment, the upcoming documentary of "Counterfeit Conspiracy" will tell the story as it deserves to be told, from the viewpoint of the investors who have been defrauded by a stock market system run amuck. Wall Steet vs. Main Street....that's the story in a nutshell.
That said, ANY major media exposure is another step forward, and we now have to take whatever momentum is gained from Dateline and use it to continue putting pressure on Congress to address this critical issue for all Americans. Tell anyone you know to watch the segment, forward this article to your senators and representatives, and to anyone else on your mailing lists. Use the Dateline story to open new dialogue on the topic of naked short selling, stock market fraud, and stock counterfeiting.
As I said in my earlier article, "Dateline Stockgate: We're on, we're off, we're on, we're off.....WE'RE ON AGAIN: July 31st!!!", I will be boarding a ship while the Stockgate segment airs, so I need everyone to do me a huge favor. Post your views on the program on our Message Board at http://p097.ezboard.com/fthefaulkingtruthfrm7 (you don't have to sign up to post, just leave the "password" line blank), or post in our Guestbook at http://www.faulkingtruth.com/GuestBook/
I will be returning on August 8th, and will write a full story on it then. In the meantime, if I happen to wander upon any Starbucks with internet kiosks on top of Mendenhall Glacier in Alaska, I'll log on and see what the general consensus on Dateline is. One step at a time, we will wake all of America up to this massive fraud......and that's the Faulking Truth.
Add your name to our Stockgate Activist mailing list on our homepage, and voice your opinion on our Stockgate forum on our new Message Board at http://www.faulkingtruth.com/ We will email you only when we have new articles or information dealing with this issue. Please link the articles everywhere you can, post them on stock message boards, and send them to the appropriate public entities. To enact positive change requires positive action.
Post your opinion in our guestbook at http://www.FaulkingTruth.com/GuestBook/
Two posts from another board on WTAF
Message one
No harm no foul. I have found this form to be very useful and all I have to say is keep a close eye on this stock starting Monday.
Message two
I phoned WTAF and I was told they could not release the dividens because the brokerage houses had to reconcile their accounts first so the auditor can assign the shares for distribution. They are not releasing the OTCB until the shares are given out because the shorters could then fill their position on the dividen with none of the WTAF shareholders being able to gain from those purchases.
It is all about making sure WTAF shareholders get the gains.
IDVL and Wataire Comparison
They are both in Canada and have a lot in common
Management
Overview
Ozolutions has already assembled managerial expertise in water management, marketing and sales management and international trade. These are critical to Ozolutions current positioning emphasis on international markets where we have strong local partners and sole source opportunities.
They have worked for or consulted with major companies such as IBM, Xerox. General Motors as well as water regulatory agencies. One Director has been Trade Consul for a major Latin American country and will concentrate on expanding South American opportunities. Another Director has developed sales training and leadership programs for Hi Tech, manufacturing companies and financial services organizations. Another Director has successfully run a food importing and exporting business and offers extensive experience in international business.
In addition, Ozolutions has access to senior executives of Hankin Ozone Systems and ELCE International at any time for technical consultations and problem solving sessions.
Ozolutions has a simple organization structure. The corporate office manages the overall operation and the Ontario EntrOzone business. From a revenue standpoint, we show three revenue streams: ELCE product revenue, Hankin Ozone revenue and EntrOzone " consumer" revenue. They each have different costs and commission structures and are combined under Consolidated Revenue Statements.
Max Weissengruber is the founding President and CEO of Ozolutions Inc. since April of 2000. A graduate of Michigan State University, he brings a diversified background in water management, management consulting and marketing and sales development. Max Weissengruber worked in policy areas with The Ontario Water Resources Commission( OWRC), an independent body that financed and built water and sewage plants all across Canada's largest province. The OWRC also was the regulatory body that set and enforced water quality standards in Ontario. He was a management consultant with KPMG ( Formerly Ernst & Whinney) where he specialized in small - medium sized business strategy and entrepreneurial development.
James A. Clemenger: Secretary James Clemenger, Secretary, brings a wealth of international business experience to Ozolutions Inc. A fluent Spanish speaking international trade expert, he founded MacLeod Trading Inc., a company specializing in Latin American trading opportunities and development of product distribution strategies after serving as Columbian Consul and Trade Commissioner in Toronto. An MBA graduate from the University of Western Ontario, his earlier experience in packaged goods marketing allowed him to gain important planning and budgeting skills.
As Sales Manager for Dynamex of Toronto, he was responsible for marketing and sales programs for a company specializing in high priority courier services for businesses depending on timely and consistent customer services, experience that will be critical to Ozolutions success as an international distributor of water treatment systems.
Since Joining Ozolutions in April of 2000, James Clemenger has been instrumental in developing opportunities in Mexico which we expect will bring significant revenue in 2002 and beyond.
Douglas R. Robertson: Chief Financial Officer brings a wealth of international and domestic business experience. He is currently General Manager of MTL Trading of Toronto, a company engaged in the business of buying and selling meat and poultry products. For five years prior to May 2001, Douglas Robertson was the President and owner of Robertson Foods of Toronto, a firm engaged in the business of exporting pork, beef and poultry.
Douglas Robertson has the in depth knowledge and experience that will assist Ozolutions to assess and select competent local partners and negotiate agreements that will protect and enhance Ozolutions position in foreign markets.
Technology Strategy
Ozolutions has surveyed technology options currently available in the water treatment field. There are a number of well established, reliable technologies. Among these are chlorine or other chemical forms of treatment, various forms of filtration, Ultra Violet, reverse osmosis. activated carbon and ozone. As a marketing company, our objective was to choose technologies that match the following criteria and partner with those companies that best meet these criteria.
Chemical Free Processes
There has been mounting scientific and public concern over the use of chemicals in water treatment. This is especially true as it relates to drinking water or water used in food or beverage processing. Industrial and waste water processes using chemicals are subject to increasing regulatory scrutiny and tougher treatment standards. Chlorine is a persistent and harmful presence in the environment and is being linked with cancer related health effects.
Given the pressure from concerned citizens, the scientific community and regulatory agencies, Ozolutions believes that chemical free water treatment will increasingly be demanded by customers who also want to use environmentally friendly water treatment methods.
Proven Applications
Since Ozolutions will not develop its own technologies, it is imperative that we align ourselves with companies who have made significant R & D investments, that have an established a loyal client base and " value " attributes that allow for market differentiation or a preferred status in selective markets.
As marketers, we realize that it1s always desirable to be able to present prospects with documentable evidence of successful applications, and access existing customers are willing to be strong advocates for the company and the technology. This proven competence allows Ozolutions to target markets and companies who share similar treatment concerns. It also reduces the costs of proposal writing and presentations since there is a database to draw from and margins can be more precisely calculated based on related industry experience.
Desire for Partnership
Water treatment firms pride themselves on their technical prowess but often experience growth limitations due to inadequate coverage of potential market opportunities. Ozolutions has identifed companies willing to enter relationships with marketing and sales firms who can assist them in expanding industry coverage at minimal cost to the company.
Our Technology Partners
Ozone is a proven chemical free technology that is both powerful and environmentally friendly. A major Canadian ozone partner is now being selected.
UV Pure Technologies, a world leader in providing chemical free drinking water solutions.
ELCE International uses activated water to improve operating efficiency in water piping and water processing systems and to improve productivity in agricultural and fish/shrimp farming. It uses electrical energies to create the friction that produces the desired results sought by their customers.
All 3 firms have a loyal and established customer base and have selected Ozolutions as their marketing partner. (Their technologies are described in the Product section.)
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Wataire Industries Inc.Suite # 24- 3033 King George Hwy, White Rock.BC, CANADA. V4P 1B8 “Wataire Industries Inc. is dedicated to providing safe, clean, affordable, drinking water globally. It is our mission to insure that generations to come on our planet will be guaranteed a future which at this point in time is in serious jeopardy. Our children and their children need alternatives to insure survival. It is all of our responsibilities to make sure this takes place”.Phil Fraser- President Wataire Industries Inc, March 2004 The Atmospheric Water Generator is a sophisticated machine designed to create pure, filtered drinking water from the moisture in the air. These machines are approximately the size of a household water cooler and will create up to eight gallons of drinking water a day.Our atmospheric water generators also produce up to 200,000 liters / day. The Larger units provide both drinking water and irrigation water for greenhouse horticulture systems. A 25% return on investment on all product lines is feasible.
Imagine in the time that it took you to read this… a child has needlessly died from contaminated water Now, we can do something
Nature's water cycleThe Water Cycle is Nature's continuous cycle of evaporation and condensation in the form of rain or snow. Earth's atmosphere contains 102,000 cubic miles of water or 0.031% of the 326 million cubic miles of water on Earth.Tapping into the cycleAir conditioners and dehumidifiers using refrigerant systems have been extracting water vapor from the air for generations. The water collected is usually regarded as waste water. Other technologies for water extraction include thermo-electric devices (Peltier effect) and desiccants.Our Atmospheric Water Generator works by converting the humidity in the air to water. The entering air is filtered so that only clean air passes across the cold surface of the machine's coil. Filtration and Ultra-violet treatment ensure bacteria and virus free drinking water.Pure water is stored in tanks where it is chilled or heated for drinking.From the storage tanks, the water is continuously recycled to maintain its purity and taste.Pure water with our advanced technologyOur machines are energy efficient and equipped with microcomputers to ensure proper and optimum performance. The WATAIRE Atmospheric Water Generator produces the pure, high quality drinking water. Our technology creates and defines entirely new markets. Our product is an attractive alternative to the logistics and expense of bottled water.Affordable!Our machine produces one gallon of water for about one kilowatt-hour of energy. (The national average for electricity in the United States is about 8 cents per kilowatt-hour.) This is a significant savings over the cost of bottled water, with convenience and reliable quality not found with other methods or sources.
HO-2.5 Counter Top HO-10 Home / Office Atmospheric Water Generator:
The “Wataire” atmospheric water generator is superior in design, features and benefits. It generates purified water from the atmosphere. Our filtration system assures healthy, pure drinking water. Our Atmospheric Water Generator produces purified water simultaneously purifying the air!The electrostatic air filter removes dust and airborne particles. Our machine produces up to 16 gallons of water in a 24 hour period in a location such as Miami. This estimate is based on yearly average 73% humidity with a 76-degree temperature. Water storage capacity is 4.3 gallons. Our design is energy and cost-efficient. Pure drinking water is produced at costs below $0.15 per gallon. Actual water production and costs will vary with the moisture content of the air at your location. Air moisture content varies daily, seasonally and from place to place on the globe.This state-of-the-art machine is equipped with a microcomputer control system that turns the machine off when full and circulates the water to maintain pure drinking water 24 hours a day, 365 days a year.A dynamic display allows you to monitor the machine's operation. It also allows the on board computer to “tell” you when a filter needs replacing! The power requirement is 450W. Water quality meets World Health Organization drinking water standards.
CI-2500 Commercial / Industrial CI-5000 Commercial / Industrial Commercial / Industrial Atmospheric Water Generator:
High humidity regions are ideal for extracting drinking water from the air because of the relatively high air moisture content. People in these regions often experience water-scarcity and are willing to adopt innovative water supply solutions. Systems will work with varying degrees of efficiency in higher latitudes during spring-summer-fall.
Specific markets• High humidity regions—Households, Neighbourhoods, Hamlets, Villages, Towns
• Temperate regions—Households, cottages, recreational vehicles, pleasure craft
• Mining and petroleum exploration camps
• Offshore drilling platforms
• Bottled water and beverage manufacturers
• Food manufacturers
• Military
• Non-government organizations (NGOs)
• Humanitarian assistance organizations
• Emergency water supply—disaster relief
• Consumables (air filters, water filters) sales and service
We have a large-scale product under development to produce 200,000 L/day. People in tropical climates need 5 L/day of drinking water. Our largest scale product provides both drinking water and irrigation water for greenhouse horticulture.
Water-producing Greenhouse:
Several exhaust fans force air through a greenhouse. Humid air passes through a series of cooling coils producing potable water. Natural coolant from saline groundwater is pumped to the surface. Energy to power the exhaust fans and lift the coolant can be from wind generators to provide a sustainable and environmentally-responsible water-producing system. · Agri-business and water bottling enterprise market· 200,000 L/day· Lifetimes: equipment ~ 15 years, structure ~ 20 years Progress made (IP)o Viability Study (supported by Canadian International Development Agency*) successfully completed for a proposed installation on the island of Grand Turk, Turks and Caicos Islandso Water-producing Greenhouse computer modelo Financial model for a Water + Food producing business with the Greenhouse system at its coreNext stepso Proof of concept prototypeo Functional prototype—WaterProducer™ at tropical carbonate island site using saline groundwater from 250 m depth as natural coolanto Pre-production prototype—Grand Turk site using natural coolant from 500 m depth of carbonate island o Production—turn-key installations at multitude of sites along arid tropical coastlines. Natural coolant access either from deep wells drilled in carbonate islands or pipeline to thermocline depth in ocean (for islands with bedrock of volcanic origin)o Viability Study undertaken with the financial support of the Government of Canada provided through the Canadian International Development Agency (Contribution Agreement E4936-K060831 to Batavia Greenhouse
Thanks sam
Lets hope the LOI goes through this week. Seems Wataire has their act togeather.
Wataire Industries, Inc. Announces Exclusive Distributor for
Yemen with Initial Order for 49 Million Dollars
Jul 26, 2005 9:11:00 AM
Copyright Business Wire 2005
VANCOUVER, British Columbia--(BUSINESS WIRE)--July 26, 2005--Wataire Industries, Inc. (Pink Sheets:WTAF), an international company focusing on developing and delivering technology-based water harvesting systems worldwide, is pleased to announce they have entered into an exclusive Distribution Agreement with The Carter Group to supply Atmospheric Water Generators to the country of Yemen. The Agreement covers a three year period, with a renewal right for an additional three years contingent on performance. The minimum requirements outlined in the contract to maintain exclusivity are the purchase annually of twelve containers of the "Home 10" units, consisting of 288 machines per container.
As part of the Agreement, Safaqat Trading, an agent based in Sana, Yemen, has been engaged to deliver and monitor a series of 2500 & 5000 liter per day units, combined with a bottling plant to produce 150,000 liters of fresh drinking water per day. This is expected to be the first of a series of commercial units aimed at filling a void in the retail bottled water industry.
The agent will also represent Wataire to the Government of Yemen, with the goal of helping to alleviate the country's shortage of potable water at the municipal level.
A senior representative of Safaqat Trading states, "We are convinced Wataire's technology is the answer to alleviating severe clean water shortages currently experienced in our country, and our company, in conjunction with the Government of Yemen, are very pleased to announce we will be holding a media event in mid August to showcase Wataire's capability to the region. Senior management of Wataire have committed to attend and plan to arrive in Yemen around August 10th."
Phil Fraser, President and CEO of Wataire Industries, Inc. stated, "We are extremely excited about working with these groups to provide clean drinking water to the people of Yemen. Yemen's hot humid climate suits our technology perfectly, and it is well within our capability to provide fresh drinking water to the entire country, simply by extracting the water from the humidity in the air and using our proprietary system to remove contaminants."
This agreement will reflect initial product sales for Wataire Industries of approx 49 million dollars.
We are also very pleased to announce the results of a microbiological analysis of a sample of water tested on our behalf by CANTEST, a member of the CANAM Group. The sample was submitted on June 28, 2005 and the report date of the results was July 4, 2005.
The test results showed a Heterotrophic Plate Count of 2, which is less than 1% of the World Health Organization's allowable limit of 500 as a guideline to determine if water is safe to drink.
About Wataire
Wataire was formed by a team of veteran executives with extensive experience in developing and bringing innovative products to market. The team is comprised of leaders and advisors who have extensive backgrounds in business administration, project management, manufacturing, international distribution, sales, and marketing. Wataire is committed to providing an array of innovative solutions that will help prevent fresh water shortages.
On behalf of the Board
Phil Fraser
President & CEO
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Source: Wataire Industries Inc.
----------------------------------------------
Wataire Industries Inc.
Corporate office contact:
Phil Fraser
604-542-9140
Fax: 604-542-9150
or
Investor Relations contact:
Russ Lombardo
604-646-5606
Toll-free: 877-646-5632
Fax: 604-646-5601
info@wataireindustries.com
or
www.wataireindustries.com
Great article on Water
Took from another Board
http://www.theglobalist.com/StoryId.aspx?StoryId=4430
OK so what do
You think is going on with IDVL?
***************************************************************
The Q is out, 493 million outstanding????
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001015402%252D05....
Okay...something is up imo, that's the o/s as of just a few days ago. From May forward IDVL has traded over 1 billion shares (maybe even 2 billion I haven't counted) on no news.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table presents information regarding the beneficial ownership
of all shares of our common stock as of the record date by:
- Each person who beneficially owns more than five percent of the outstanding
shares of our common stock;
- Each of our directors;
- Each named executive officer; and
- All directors and officers as a group.
COMMON SHARES BENEFICIALLY
---------------------------
OWNED (2)
---------
NAME OF BENEFICIAL OWNER (1) NUMBER PERCENT
---------------------------- -------------- ----------
Betty-Ann Harland (3) . . . . . . . . . . . . . . . . . . . 15,000,000 30.51
Max Weissengruber . . . . . . . . . . . . . . . . . . . . . -0- -0-
D. Brian Robertson (4). . . . . . . . . . . . . . . . . . . 1,726,546 3.51
Douglas Robertson . . . . . . . . . . . . . . . . . . . . . -0- -0-
Robert W. Gingell . . . . . . . . . . . . . . . . . . . . . -0- -0-
Arthur N. Kelly . . . . . . . . . . . . . . . . . . . . . . -0- -0-
-------------- ----------
All directors and executive officers as a group (six persons) 16,726,546 34.02
-------------- ----------
Non officer and directors five percent stockholders:
1421209 Ontario Limited . . . . . . . . . . . . . . . . . . 6,000,000 12.21
-------------- ----------
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,726,546 46.23
============== ==========
<FN>
_______________
(1) Unless otherwise indicated, the address for each of these stockholders is
c/o Ozolutions Inc., 30 Denver Crescent, Suite 200, Toronto, Ontario,
Canada M2J 1G8. Also, unless otherwise indicated, each person named in the
table above has the sole voting and investment power with respect to our
shares of common stock which he beneficially owns.
(2) Beneficial ownership is determined in accordance with the rules of the
Securities and Exchange Commission. As of the date of this Annual Report,
there were issued and outstanding 49,154,430 shares of our common stock.
(3) Ms. Harland also has proxies to vote 6,000,000 shares of our common stock
granted by 1421209 Ontario Limited.
(4) Mr. Robertson owns directly 1,052,440 shares of our common stock and his
wife, Margaret Robertson, owns 164,106 shares of our common stock. Mr.
Robertson is a controlling stockholder of Arenal Holdings S.A., which owns
510,000 shares of our common stock.
There are no arrangements, known to us, including any pledge by any person
of our securities, the operation of which may at a subsequent date result in a
change in control of International Development Corp.
There are no arrangements or understandings among members of both the
former and the new control groups and their associates with respect to election
of directors or other matters.
Erom 10skb on April 25, 2005 IDVL
Check out the prices of IDVL below.
As part of the change of domicile, our stockholders also:
- Elected as our directors, the directors of International Development Corp.,
the surviving Nevada corporation;
- Approved an increase in our authorized common stock from 50,000,000 shares
to 800,000,000 shares under the articles of incorporation of the surviving
Nevada corporation, which replaced the previous articles of incorporation
of Ozolutions, Inc., a Delaware corporation;
- Authorized 100,000,000 shares of preferred stock under the articles of
incorporation of the surviving Nevada corporation, which replaced the
previous articles of incorporation of Ozolutions, Inc., a Delaware
corporation;
- Authorized our board of directors to determine, in whole or part, the
preferences, limitations, and relative rights, of classes or series of
shares, as provided in Section 78.1955 of the Nevada Revised Statutes under
the articles of incorporation of the surviving Nevada corporation, which
replaced the previous articles of incorporation of Ozolutions, Inc., a
Delaware corporation; and
- Approved the bylaws of International Development Corp., a Nevada
corporation, which will govern us following the merger and change in
domicile.
PART II
ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
Our common stock has been quoted on the OTC Bulletin Board under the symbol
"OZLU.OB." The following table sets forth, for the fiscal quarters indicated,
the high and low bid prices for our common stock which has been quoted on the
OTC Bulletin Board. On December 9, 2004, our symbol changed to "IDVL.OB."
These quotations reflect inter-dealer prices, without mark-up, mark-down or
commission, and may not represent actual transactions.
HIGH LOW
August 31, 2002 $ 0.30 $0.09
November 30, 2002 $ 0.20 $0.08
February 28, 2003 $ 0.12 $0.08
May 31, 2003 $ 0.14 $0.05
HIGH LOW
August 31, 2003 $ 0.15 $0.02
November 30, 2003 $ 0.16 $0.05
February 28, 2004 $ 0.09 $0.03
May 31, 2004 $0.065 $0.02
HIGH LOW
August 31, 2004 $0.045 $0.01
Since our inception, no dividends have been paid on our common stock. We
intend to retain any earnings for use in our business activities, so it is not
expected that any dividends on our common stock will be declared and paid in the
foreseeable future.
We currently have 49,154,430 shares of our common stock outstanding. Our
shares of common stock are held by approximately 1,688 stockholders of record.
The number of record holders was determined from the records of our transfer
agent and does not include beneficial owners of common stock whose shares are
held in the names of various security brokers, dealers, and registered clearing
agencies.
Erom 10skb on April 25, 2005
Check out the prices of IDVL below.
As part of the change of domicile, our stockholders also:
- Elected as our directors, the directors of International Development Corp.,
the surviving Nevada corporation;
- Approved an increase in our authorized common stock from 50,000,000 shares
to 800,000,000 shares under the articles of incorporation of the surviving
Nevada corporation, which replaced the previous articles of incorporation
of Ozolutions, Inc., a Delaware corporation;
- Authorized 100,000,000 shares of preferred stock under the articles of
incorporation of the surviving Nevada corporation, which replaced the
previous articles of incorporation of Ozolutions, Inc., a Delaware
corporation;
- Authorized our board of directors to determine, in whole or part, the
preferences, limitations, and relative rights, of classes or series of
shares, as provided in Section 78.1955 of the Nevada Revised Statutes under
the articles of incorporation of the surviving Nevada corporation, which
replaced the previous articles of incorporation of Ozolutions, Inc., a
Delaware corporation; and
- Approved the bylaws of International Development Corp., a Nevada
corporation, which will govern us following the merger and change in
domicile.
PART II
ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
Our common stock has been quoted on the OTC Bulletin Board under the symbol
"OZLU.OB." The following table sets forth, for the fiscal quarters indicated,
the high and low bid prices for our common stock which has been quoted on the
OTC Bulletin Board. On December 9, 2004, our symbol changed to "IDVL.OB."
These quotations reflect inter-dealer prices, without mark-up, mark-down or
commission, and may not represent actual transactions.
HIGH LOW
August 31, 2002 $ 0.30 $0.09
November 30, 2002 $ 0.20 $0.08
February 28, 2003 $ 0.12 $0.08
May 31, 2003 $ 0.14 $0.05
HIGH LOW
August 31, 2003 $ 0.15 $0.02
November 30, 2003 $ 0.16 $0.05
February 28, 2004 $ 0.09 $0.03
May 31, 2004 $0.065 $0.02
HIGH LOW
August 31, 2004 $0.045 $0.01
Since our inception, no dividends have been paid on our common stock. We
intend to retain any earnings for use in our business activities, so it is not
expected that any dividends on our common stock will be declared and paid in the
foreseeable future.
We currently have 49,154,430 shares of our common stock outstanding. Our
shares of common stock are held by approximately 1,688 stockholders of record.
The number of record holders was determined from the records of our transfer
agent and does not include beneficial owners of common stock whose shares are
held in the names of various security brokers, dealers, and registered clearing
agencies.
greenhornet
Go to the Raging Bull Board and hit my posts under same53. You will find post of mine going back to when ICDT was BIBO with DD. Personnaly I spoke on the phone with the CEO Mr Grainer when the transistion was taking place. A smart man IMO.
Also look up justabroker, retrolenny and neuro they all contributed a lot to the ICDT RB Board.
The merger IMO is goig to open up a whole new area for ICDT. More revenues are coming IMO. Positve all the way.
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For any newbies looking for DD, this is a great Letter to Shareholders packed full of goodies regarding the business plan. I started out buying this company to flip and make $$ on every few days but the more I look at what's going on behind the scenes, I've decided to play LONG, VERY LONG. I see a tremendous potential here and sticking around for the ride seems, well, prudent. So far, in 24 posts we haven't attracted the attention of the bashers yet so maybe we should start inviting some "buddies" in and start sharing some DD as it comes to light. Remember that as the nutcases come to visit, use the iggy button. BTW, if anyone could post info regarding the merger it would be appreciated. Also, your thoughts on it.
Regards, GH
http://biz.yahoo.com/prnews/050616/nyth105.html?.v=14
Agree V
I have watched ICDT for around 9 months when it was BIBO. The CEO is really putting a Company togeather here in ICDT the future INESQ.
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Same53, I expect a few dips until we see news, but the overall trend should continue to be positive. Just gotta zero in on the dips to load up IMO ;) We are in great shape here.
Seems we have a winner
Go ICDT
vanwilder Then what
What happens after Friday in your opinion.
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This is the week, watch the rise until Friday ;) Anything in the .005's will be a holiday steal. Lots of room to run, chart looks great IMO
Good things have happened
You folks should read all the PR's since this stock was listed under the symbol BIBO. You will see how the CEO is building ICDT the future INSEQ into a Company. Buy now IMO.
OT watch ICDT
This stock is going higher IMO. Been watching ICDT for 9 months now. Take a look it is going higher. Below is a shareholders letter.
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GreenShift Issues Shareholder Letter
Thursday June 16, 12:07 pm ET
MOUNT ARLINGTON, N.J., June 16 /PRNewswire-FirstCall/ -- GreenShift Corporation (OTC Bulletin Board: GSHF - News) chairman and chief executive officer, Kevin Kreisler, issued the following letter to its shareholders today:
Dear Shareholders:
This quarter has been an important time for GreenShift. We completed our initial capitalization, filed our election to become a business development company ("BDC") under the Investment Company Act of 1940, and focused immediately on supporting our initial portfolio of companies with the goal of enhancing their respective intrinsic values and, as a result, our net asset value (NAV).
Notable developments during the quarter that contributed to our vision included:
* Completion by Veridium Corporation (OTC Bulletin Board: VRDM - News), which
is about 55% owned by GreenShift, of its acquisition of North Country
Environmental Services, Inc., which added approximately $2 million to
Veridium's revenue run rate, bringing Veridium to about $17 million in
annualized sales;
* Completion by Inseq Corporation (OTC Bulletin Board: ICDT - News), which is
about 70% owned by GreenShift, of its acquisition of Warnecke Design
Services, Inc., which brought approximately $6 million in revenue to
what was previously a development stage company;
* Initiation of our plan to take GreenWorks Engineering Corporation
("GreenWorks Engineering"), which is about 60% owned by GreenShift,
public later this year;
* Commencement of our initial estimated 3% to 4.5% investment in
TDS (Telemedicine), Inc. (Pink Sheets: TDST - News), which recently executed
a letter of intent to acquire Alfa Industries, Inc., a privately held
infrastructure and real estate development company; and,
* Formation of GreenShift Industrial Design Corporation ("GIDC"), our
new industrial design unit that will focus on green technology
development and commercialization.
We also worked to increase the relative strength of the balance sheets of our portfolio companies during the quarter. We invested in excess of $150,000 in recent months into Veridium, completed a $400,000 investment into Inseq, and plan to complete similar additional investments in each of Veridium, Inseq, GreenWorks Engineering and TDS in the near term as we continue to support their evolution.
Growth Plans
GreenShift's core objectives for the balance of 2005 include:
* Leveraging GreenShift's current financing capabilities and BDC status
to increase GreenShift's NAV to more than $50 million;
* Utilizing GreenShift's existing financing, management and other
relationships to enhance the intrinsic value of its portfolio
companies, and to assist its portfolio companies in the completion of
a number of acquisitions that will increase their combined annualized
revenues to in excess of $75 million;
* Hiring all critical staff as well as the formation of strategic
relationships for technology transfer, investment banking and market
support;
* Acquisition of, or investment in, key targeted companies in one or
more of the following areas: wind power, hydropower, practical
centralized applications of hydrogen power, alternative fuels,
infrastructure and metals mining; and,
* Acquisition of, or execution of licenses for, several new green
technologies.
Some of these goals are ambitious but I believe that they are achievable. Each of our portfolio companies have targeted one or more companies for acquisition, and are making strides in reducing debt and enhancing their relative financial strength as they produce positive cash flows. Additionally, we are currently looking at a number of exciting investments in green energy, alternative fuels, and new, innovative process technologies.
Green is Good
The founding principle of GreenShift is that we can facilitate the more efficient use of natural resources and make a lasting positive contribution to the state of the global environment by developing and supporting incremental advances in business practices and technologies that enable quantum environmental gains.
Levered intelligently and applied profitably, these incremental "green shifts" can yield to truly transformational environmental changes.
Take for example Veridium's recycling of hazardous wastes into metallic ore concentrates. Veridium is paid for its service of recycling hazardous wastes. Veridium recovers metallic ore concentrates from certain industrial hazardous wastes, which Veridium then markets to smelters and metal manufacturers. Veridium does this in part by reusing the partially spent chemical compounds within industrial wastes to partly defray Veridium's variable costs. In the process, Veridium's clients eliminate their ongoing environmental liability, qualify for exemption from generation taxes, and reduce their ongoing regulatory expenses while Veridium favorably reduces the burden on virgin natural resources both by offsetting its own need for virgin chemical compounds and by providing smelters and metal manufacturers with valuable secondary commodities that are refined further and returned to commerce.
Be it through GreenWorks' provision of green engineering services that clean contaminated properties, or Inseq's development of an exchange for the efficient distribution of secondary commodities among industrial manufacturers, or Veridium's value-added recycling services, these incremental green shifts bring to pass compelling changes with a cumulative effect.
This effect is the core of our business model and the foundation of our investment strategy moving forward.
The formation of our industrial design group, GreenShift Industrial Design, is in particular meant to drive this effect, and we have structured GIDC in a way that we believe will bring substantial positive benefits to our shareholders.
GIDC is a 100% owned pre-revenue portfolio company that will hold all of the intellectual property that we either acquire or develop ourselves. Our intention is to capitalize GIDC in the immediate term and acquire our initial wave of benchmark green technologies and products that we intend to use to accomplish the following key goals:
* Reduce the volume of waste generated by residential and commercial
consumers;
* Increase the convenience and decrease the cost of recycling by
residential and commercial consumers; and,
* Increase the cost-efficiency of processing certain types of industrial
wastes.
GIDC has already identified and is currently negotiating to acquire and/or license our initial wave of technologies. Importantly, we intend to refine "killer apps" of these technologies that are strategically compatible with our portfolio companies and we intend to then sub-license and/or transfer these technologies, as relevant, to our portfolio companies on favorable terms.
Our hope here is that this will simultaneously increase the intrinsic value of our portfolio companies while stimulating ongoing cash flows in the form of royalties into GIDC.
The BDC Advantage
Congress created BDCs to encourage the flow of public capital to companies with limited access to strategic investment and other needed resources while providing public investors with a regulated vehicle through which they can provide and earn returns from venture capital.
As a BDC, we believe that we offer strong advantages to our portfolio companies, including a nearly perpetual capital base that enables us to support them through economic trends.
By investing in GreenShift, our investors have the opportunity to receive benefits not usually associated with other investment vehicles - transparency, liquidity, current dividend income, and an investment in a diversified portfolio of socially responsible companies that each operate on the premise that supporting the environment is about efficiency and profit.
Importantly, our tax structure requires that we pay out most of our taxable income each year in the form of dividends. This provides our shareholders with significant current income and we intend to pay a dividend this year and to do so on a regular quarterly basis in future years.
In closing, I would like to welcome you to GreenShift and I thank you for your investment interest as we begin what I believe will be an extremely exciting growth process. We are pleased with our progress during our first quarter of operation and are enthusiastic about our path going forward. We are grateful for your continued support and involvement and look forward to future communications.
Best Regards,
Kevin Kreisler
Chairman and Chief Executive Officer
GreenShift Corporation
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 contribute to the resolution of environmental challenges.
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 growth stage public and private businesses and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
* Veridium Corporation (OTC Bulletin Board: VRDM - News);
* Inseq Corporation (OTC Bulletin Board: ICDT - News);
* GreenWorks Corporation;
* GreenShift Industrial Design Corporation;
* Coriolis Energy Corporation; and,
* TDS (Telemedicine), Inc. (Pink Sheets: TDST - News).
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 http://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