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GSHF @ .22 in Berlin & SWKJ also up in Berlin :)
from another board
Here are some definitions of investment terms typically used...
STOCK - A magical piece of paper that is worth $33.75 until the moment you buy it. It will then be worth $8.50.
BOND - What you had with your spouse until you pawned his/her golf clubs to invest in Amazon.com.
BROKER - The person you trust to help you make major financial decisions. Please note the first five letters of this word spell Broke.
BEAR - What your trade account and wallet will be when you take a flyer on that hot stock tip your secretary gave you.
BULL - What your broker uses to explain why your mutual funds tanked during the last quarter.
MARGIN - Where you scribble the latest quotes when you're supposed to be listening to your manager's presentation.
SHORT POSITION - A type of trade where, in theory, a person sells stocks he doesn't actually own. Since this also only ever works in theory, a short position is what a person usually ends up being in (i.e. "The rent, sir? Ha ha ha, well, I'm a little short this month.").
COMMISSION - The only reliable way to make money on the stock market, which is why your broker charges you one.
YAK - What you do into a pail when you discover your stocks have plunged and your broker is making a margin call
Press Release Source: Infinium Labs
Infinium Labs Appoints Greg Castronuovo as VP, Marketing
Monday September 12, 8:00 am ET
Entertainment Executive to Form New Marketing and Sales Division Focused on Launch of Phantom Game Service
SEATTLE--(BUSINESS WIRE)--Sept. 12, 2005--Infinium Labs (OTCBB:IFLB - News) announced today that Greg Castronuovo has been named Vice President of Marketing.
ADVERTISEMENT
As part of continued restructuring by newly appointed Chief Executive Officer Kevin Bachus, Castronuovo will refocus the marketing and sales efforts of the company with the ultimate goal of launching the Phantom® Game Service to market.
"Greg's extensive track record of success in igniting world-class entertainment brands makes him a perfect fit with the Phantom Game Service," said Bachus. "Greg brings a practical, hands-on understanding of what it will take to build on the growing excitement in the marketplace around the first end-to-end, on-demand video game distribution service for the living room."
Prior to joining Infinium Labs, Castronuovo was Vice President of National Promotions and Brand Activation at Virgin Mobile USA, where he was responsible for the launch of the first ever MTV-branded mobile phone.
Castronuovo also served as Vice President of Marketing at World Wrestling Entertainment, Inc. where he oversaw the company's global pay-per-view division during its most profitable years. During his tenure at WWE, Castronuovo launched new pay-per-view programs such as "Fanatic Series," and oversaw the launch of "Tough Enough" on MTV, "Smackdown!" on UPN, and "RAW" on Spike TV.
Previously, Castronuovo was Vice President of National Promotions at FOX, where he developed award-winning promotional campaigns for television properties such as "The Billboard Music Awards," "Party of Five," "90210" and "The Teen Choice Awards."
Greg also held various posts at NBC where he established himself as an early pioneer in the field of Internet-based marketing. Working as Director of Interactive Marketing, Castronuovo was responsible for leading the most recognizable television brand and its advertising partners into the digital age with AOL, Yahoo! and Microsoft. Castronuovo also oversaw marketing and sales strategies for NBC Sports franchises, including the Olympics, NBA, NFL, PGA and more. As Director of Entertainment Marketing, Castronuovo opened and operated the network's West Coast marketing office, where he oversaw a team that spearheaded cutting-edge marketing campaigns such as the "3rd Rock From the Sun 3D Extravaganza" with Coca-Cola.
"The time is right for a service that delivers quality video games on-demand straight to the living room television," said Castronuovo. "The video game industry is the most technically advanced entertainment sector and yet it lags behind in broadband content distribution. The Phantom Game Service follows in the tradition of other start-up brands such as TiVo, Netflix, Sirius and XM Radio that have emerged into the market to redefine consumer choice and convenience for entertainment services."
Castronuovo received a bachelor's degree in communications from Washington & Lee University.
About Infinium Labs
Infinium Labs (OTCBB:IFLB - News) is in development of The Phantom Game Service, the first end-to-end, on-demand game service for delivery to the living room. Delivered over broadband, the Phantom Game Service will offer casual and avid gamers a broad library of titles, available anytime, day or night.
For more information, please visit www.phantom.net.
opps watch > SWKJ > www.siteworks-inc.com
watch > sqkj > www.siteworks-inc.com
watch > insq >
watch > gshf > www.grifco.org
GFCI > >http://www.grifco.org./partners.php jet motors & more :)
GSHF > has many Branches :)
SWKJ " Construction stock of the year"
ChartFreak & all > SiteWorks will get part of the pie ( Gov Contracts ) or part of the Billions that are being given out for the housing for all the states & it not all over either..we still have till the end of Nov....as it looks like it trying ot beat the record of 1933......10Cents..no way....50 Centst yes & then no telling where it will stop with the right News....2 bucks ....8 bucks 20 bucks......& we will have news & we could have Bumber to Bumber News too...with all the Money to be given out.....$uper week tome ...."Construction Stock of the year"
Again just my op :)
pick of the week > TXXN @ .10 :)
sub penny pick of the week > SGDDQ @ .0095 :)
big time soon :)
News & more news & in time volume & price :)
davetrader > We all want 50 Cents...however I think it a game of paticence & the 50 Cents will come & then it will go much higher too.....again that is just my op
do have Super day everyone :)
SWKJ > "Construction Stock of the Year"
Extra cash > pick up some GSHF > SHE will run up > Check it out & it does have News all the time too :)
Good Morning All & TGIF :)
News today :)
GSHF has news today :)
Press Release Source: Complete Care Medical Inc.
Complete Care Medical, Inc., Outlines Benefits to CarePharm, LLC from Diabetes Gold, Inc. and BioTex Labs, Inc. Pact
Thursday September 8, 6:00 am ET
CarePharm to Act as Fulfillment Agent and is in Line for Prescription Referrals
HOUSTON--(BUSINESS WIRE)--Sept. 8, 2005--Complete Care Medical, Inc., (PINK SHEETS:CCMI - News), is expecting a large amount of spillover business from the joint marketing effort between BioTex, Inc. and Diabetes Gold, Inc., to be directed to CarePharm, LLC a wholly owned subsidiary of CCMI. The Diabetes Gold-BioTex marketing initiative is expected to establish 250 small independent diabetes providers by eliminating the financial barriers of entry and providing a suite of free support services to them.
SWKJ GSHF INSQ IFBL PEKG PFEH
With any Super news @ all we could easy hit $4 to $8 & with more news coming on the Chiefland Project with Revenues of over $2000 % > July News & then the Prestiqe > Enters the picture..much talke about that too....Aug & Asian markers too....and SiteWorks have other Contracts too.........Then Share REDUCTION.....WOW > and signed funding commitmet
more news is A COMING :)
Press Release Source: PKG Entertainment
PKG Rock Band Violet Nine Completes Video Shoot
Tuesday September 6, 1:46 pm ET
Music Video Will Complement Release of Their First Single and Album
DENVER--(BUSINESS WIRE)--Sept. 6, 2005--PKG Entertainment (Pink Sheets: PEKG - News), a talent incubator and entertainment property development company, announced today that its Boston band, Violet Nine, has just completed filming their first music video in Santa Fe, in conjunction with support from the New Mexico Film Commission.
The video will complement the band's first single, to be released to college radio and iTunes in October, as well as support their tour later this year and their upcoming album, tentatively entitled "Any Wonder."
President John May says "the shoot went very smoothly in a high definition format, giving it a real film quality with an epic look, and an ability to market the band in a number of ways."
In continuing to execute its plans in a timely fashion, PKG is on schedule for a Violet Nine CD release date of January 13, 2006, through our domestic distribution agreement with Navarre.
About PKG Entertainment, Inc.
PKG Entertainment is a vertically integrated entertainment property marketing and development company focused on retail and digital distribution and promotion independent music and movies.
http://peakartists.catalystev.com/frmDownloadPlayer.aspx
www.peakartists.com
Sitework can get them coming & going :)
News will be a coming soon :)
Press Release Source: INSEQ Corporation
INSEQ Restructures Manufacturing Agreement
Wednesday September 7, 8:00 am ET
Company to Manufacture Proprietary Systems for Mean Green BioFuels
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 7, 2005--INSEQ Corporation (OTC Bulletin Board: INSQ - News) today announced the restructuring of its manufacturing agreement with Ethanol Oil Recovery Systems, LLC ("EORS") and Cantrell Winsness Technologies, LLC ("CWT"), to include certain additional manufacturing rights for Mean Green(TM) BioFuels Corporation, a development stage company that has acquired the rights to a new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels (the "Technology") for a territory encompassing most of the eastern half of the United States.
ADVERTISEMENT
Under the restructured agreement, INSEQ will retain the right of first refusal to manufacture proprietary systems to extract crude corn oil from the evaporation area of dry mill ethanol facilities for further refining into biodiesel fuel (the "Extraction Systems") for EORS in the western half of the U.S. on the basis of the then-prevailing competitive price point for the scope of services provided. INSEQ now has the right of first refusal to manufacture the Extraction Systems, as well as Biodiesel Processing Equipment, for Mean Green BioFuels in the eastern half of the U.S.
Given the breadth of the territory and the increasing popularity of biofuels, INSEQ expects the total national demand for the Extraction Systems will accordingly exceed 30 systems over the next 24 months. INSEQ will manufacture the systems at its Ohio based specialty equipment manufacturing facility. The first of these systems are expected to ship during the first quarter of 2006.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ is 70% owned by GreenShift Corporation, a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Press Release Source: INSEQ Corporation
INSEQ Restructures Manufacturing Agreement
Wednesday September 7, 8:00 am ET
Company to Manufacture Proprietary Systems for Mean Green BioFuels
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 7, 2005--INSEQ Corporation (OTC Bulletin Board: INSQ - News) today announced the restructuring of its manufacturing agreement with Ethanol Oil Recovery Systems, LLC ("EORS") and Cantrell Winsness Technologies, LLC ("CWT"), to include certain additional manufacturing rights for Mean Green(TM) BioFuels Corporation, a development stage company that has acquired the rights to a new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels (the "Technology") for a territory encompassing most of the eastern half of the United States.
ADVERTISEMENT
Under the restructured agreement, INSEQ will retain the right of first refusal to manufacture proprietary systems to extract crude corn oil from the evaporation area of dry mill ethanol facilities for further refining into biodiesel fuel (the "Extraction Systems") for EORS in the western half of the U.S. on the basis of the then-prevailing competitive price point for the scope of services provided. INSEQ now has the right of first refusal to manufacture the Extraction Systems, as well as Biodiesel Processing Equipment, for Mean Green BioFuels in the eastern half of the U.S.
Given the breadth of the territory and the increasing popularity of biofuels, INSEQ expects the total national demand for the Extraction Systems will accordingly exceed 30 systems over the next 24 months. INSEQ will manufacture the systems at its Ohio based specialty equipment manufacturing facility. The first of these systems are expected to ship during the first quarter of 2006.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ is 70% owned by GreenShift Corporation, a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Press Release Source: GreenShift Corporation
GreenShift Unleashes Mean Green BioFuels(TM)
Wednesday September 7, 8:00 am ET
Acquires Exclusive Rights to Breakthrough BioFuels Production Process
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 7, 2005--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced the formation of Mean Green BioFuels Corporation ("Mean Green(TM)"), a development-stage company that has acquired the rights to a new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels (the "Technology") for a territory encompassing most of the eastern half of the United States.
ADVERTISEMENT
Mean Green(TM) intends to finance, build and operate a 30 million gallon biodiesel fuel production facility on the eastern seaboard of the United States. Mean Green(TM) plans to site its new facility in the middle of a highly industrialized geography that has not historically had access to cleaner burning fossil fuel alternatives. Mean Green(TM) also plans to invest in and develop additional biofuels production facilities as well as certain types of distribution and diesel blending facilities.
Importantly, Mean Green(TM) plans to aggressively invest in its brand as it heavily promotes the use of biofuels in America with the objective of offsetting the demand for fossil fuels while reducing harmful greenhouse gas in as many diesel burning trucks, tractors, other heavy equipment and industrial facilities as possible.
Recently cited by President Bush as "one of our nation's most promising alternative fuel sources," biodiesel is a clean-burning alternative fuel that contains no petroleum. It can be blended at any level with petroleum diesel to create a biodiesel blend, it can be used in diesel engines with little or no modifications, and it is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics.
Over 37 billion gallons of petroleum diesel are used for domestic transportation each year in the U.S. The total demand for diesel fuel approaches 50 billion gallons per year when construction, farming and other off-road uses are considered. The current production of biodiesel in the U.S is about 30 million gallons per year.
Mean Green(TM) is 51% owned by the inventor of the Technology, Cantrell Winsness Technologies, LLC ("CWT"), and 49% owned by GreenShift.
David Cantrell, chairman and chief executive officer of Mean Green(TM) explains, "We are very impressed with what GreenShift is doing and I am personally thrilled to partner with them on the birth of Mean Green BioFuels Corporation. Our technology is an innovative and unique approach that helps ethanol producers and farmers by increasing their profitability while enabling the production of a new biodiesel fuel."
David Cantrell concludes, "The Mean Green(TM) Brand shall symbolize an "In-The-Trenches" approach to seeking, extracting and capitalizing on the fuels that are otherwise discarded."
The Mean Green BioFuels(TM) process redirects an internal waste stream in dry mill ethanol facilities through Mean Green BioFuels' proprietary extraction systems where crude corn oil is extracted and then prepared for shipment offsite for further refining. Mean Green BioFuels(TM) will purchase and sell this on the basis of wholesale and retail prices, thereby stimulating near term cash flows pending the initiation of operations at its planned new biodiesel facility.
The success of the technology shall be quickly realized as the extracted oil can be sold directly into the commercial feed industry prior to the commissioning of the biodiesel conversion facility. Corn Oil has especially high feed qualities in the livestock industry that shall generate significant short-term revenue.
Kevin Kreisler, GreenShift's chairman and chief executive officer adds, "Here again is another great example of how incremental shifts can contribute to profound environmental gains. Mean Green(TM) represents the heart of GreenShift's "Natural Solutions(TM)" ideology.
Press Release Source: Grifco International, Inc.
Grifco Completes Phase One of 'Global Oil Tools Libya'
Wednesday September 7, 8:00 am ET
HOUSTON, TX--(MARKET WIRE)--Sep 7, 2005 -- Grifco International (Other OTC:GFCI.PK - News) announces it has received final "approved to form 'Global Oil Tools Libya' certification." GFCI now has final approval to export technology, conduct operations, and establish a manufacturing facility in Libya.
ADVERTISEMENT
In a statement by CEO Jim Dial, "Our approved to form package has been authenticated and sealed by the U.S. Department of State (Document 05028356-13). Concurrently, the finalized Global Oil Tools Libya has also been certified by Libya's Foreign Affairs Department in Washington, D.C."
"We are pleased with the expedient processing of the requirements by Lyamec & Associates. We look to immediately move forward on expanding our market reach through Lyamec by reviewing and finalizing applications on Tunis, Qatar, Jabal Ali, and Morocco and to establishing corresponding logistic and point of sale offices in the North African coast," added Dial. "Libya's manufacturing facility is the thread which will weave a framework to build and distribute products throughout the region. Eventually, all of GFCI's technology, including the product lines of Grifco, Global Oil Tools, the Silver Hawg, and Coil Tubing Technology (CTT), makers of the Jet Motor and Jet Nozzle, will be working in the fields throughout Africa and the Middle East."
Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco's patented products are known and used throughout the world. In addition to our patented tools, Grifco holds and owns design rights and manufacturing facilities for producing more than 6000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon, and Schlumberger. Please visit www.grifco.org
Press Release Source: Grifco International, Inc.
Grifco Completes Phase One of 'Global Oil Tools Libya'
Wednesday September 7, 8:00 am ET
HOUSTON, TX--(MARKET WIRE)--Sep 7, 2005 -- Grifco International (Other OTC:GFCI.PK - News) announces it has received final "approved to form 'Global Oil Tools Libya' certification." GFCI now has final approval to export technology, conduct operations, and establish a manufacturing facility in Libya.
ADVERTISEMENT
In a statement by CEO Jim Dial, "Our approved to form package has been authenticated and sealed by the U.S. Department of State (Document 05028356-13). Concurrently, the finalized Global Oil Tools Libya has also been certified by Libya's Foreign Affairs Department in Washington, D.C."
"We are pleased with the expedient processing of the requirements by Lyamec & Associates. We look to immediately move forward on expanding our market reach through Lyamec by reviewing and finalizing applications on Tunis, Qatar, Jabal Ali, and Morocco and to establishing corresponding logistic and point of sale offices in the North African coast," added Dial. "Libya's manufacturing facility is the thread which will weave a framework to build and distribute products throughout the region. Eventually, all of GFCI's technology, including the product lines of Grifco, Global Oil Tools, the Silver Hawg, and Coil Tubing Technology (CTT), makers of the Jet Motor and Jet Nozzle, will be working in the fields throughout Africa and the Middle East."
Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the United States, China, Mexico, South America, the Middle East and Africa. Grifco's patented products are known and used throughout the world. In addition to our patented tools, Grifco holds and owns design rights and manufacturing facilities for producing more than 6000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon, and Schlumberger. Please visit www.grifco.org
check out GSHF :)
Press Release Source: GreenShift Corporation
Greenshift Completes Investment in TerraPass
Tuesday September 6, 8:30 am ET
Innovative New Company Provides Service to Offset Greenhouse Gas Emissions from Mobile Sources
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 6, 2005--GreenShift Corporation (OTC Bulletin Board:GSHF - News) today announced the completion of its investment in TerraPass Inc., a development stage company founded by professor Karl Ulrich and a group of his students at the Wharton School at the University of Pennsylvania.
ADVERTISEMENT
TerraPass allows consumers to pay to offset their car's emissions through investment in clean-energy alternatives such as wind and bioenergy power by purchasing a "TerraPass" - a decal sold through the TerraPass website that is certified to eliminate the equivalent of a single car's carbon dioxide emissions.
TerraPass is based upon the concept of pollution markets, which allow consumers to subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources. These markets are generally not generally available to consumers who may be concerned about the pollution their cars emit. TerraPass allows a broad audience of consumers to participate in this emerging trend, by purchasing carbon dioxide credits and renewable energy certificates ("RECs") on behalf of its customers that subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources.
The average car travels 12,000 miles per year and, at the rate of about 20 pounds of carbon dioxide per gallon of gasoline burned, pumps out about 10,000 pounds of carbon dioxide annually, or about three times the weight of the car each year. On today's market, TerraPass can effectively scrub that pollution from the environment for about $50 per year.
"Fully one-third of America's production of greenhouse gases, or about 80,000 pounds of carbon dioxide per person, comes from sources under our direct control - our cars and homes," said Tom Arnold, TerraPass' chief environmental officer. "U.S. transportation activity alone is responsible for about 6.8 billion tons of carbon dioxide production per year. At this scale, small changes can have very big effects. The GreenShift investment is exciting to us because it will help us realize bigger offsets sooner."
"This is another great example of how incremental shifts forward can contribute to profound environmental gains," added Kevin Kreisler, GreenShift's chairman and chief executive officer. "We believe that the TerraPass idea is an exceptional one. Its branding takes the intangible concept of RECs and carbon credits and allows consumers to easily participate., which we believe will increase the breadth and depth of distribution of both pollution instruments in the consumer markets.
Consequently, we believe that TerraPass is on its way to helping a great many individual mobile sources, from individual consumers to entire commercial fleets, make a material contribution to the reduction of greenhouse gases. We are very excited to welcome TerraPass in our growing portfolio of companies and technologies and we look forward to helping drive their development with strategic partnerships, advice and capital to fuel their growth," continued Kreisler.
Under the terms of its agreement with TerraPass, GreenShift is purchasing a 10% stake in TerraPass for $250,000 and an option to purchase another 10% of TerraPass common stock for another $250,000.
About GreenShift Corporation
GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.
GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
Veridium Corporation (OTC Bulletin Board: VRDM - News);
INSEQ Corporation (OTC Bulletin Board: INSQ - News);
GreenWorks Corporation;
GreenShift Industrial Design Corporation;
Coriolis Energy Corporation;
TDS (Telemedicine), Inc.; and,
Ethanol Oil Recovery Systems, Inc.;
Sterling Planet, Inc.;
Ovation Products Corporation; and,
TerraPass Inc.
In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006.
Additional information regarding GreenShift Corporation is available online at www.greenshift.com.
Press Release Source: GreenShift Corporation
Greenshift Completes Investment in TerraPass
Tuesday September 6, 8:30 am ET
Innovative New Company Provides Service to Offset Greenhouse Gas Emissions from Mobile Sources
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 6, 2005--GreenShift Corporation (OTC Bulletin Board:GSHF - News) today announced the completion of its investment in TerraPass Inc., a development stage company founded by professor Karl Ulrich and a group of his students at the Wharton School at the University of Pennsylvania.
ADVERTISEMENT
TerraPass allows consumers to pay to offset their car's emissions through investment in clean-energy alternatives such as wind and bioenergy power by purchasing a "TerraPass" - a decal sold through the TerraPass website that is certified to eliminate the equivalent of a single car's carbon dioxide emissions.
TerraPass is based upon the concept of pollution markets, which allow consumers to subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources. These markets are generally not generally available to consumers who may be concerned about the pollution their cars emit. TerraPass allows a broad audience of consumers to participate in this emerging trend, by purchasing carbon dioxide credits and renewable energy certificates ("RECs") on behalf of its customers that subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources.
The average car travels 12,000 miles per year and, at the rate of about 20 pounds of carbon dioxide per gallon of gasoline burned, pumps out about 10,000 pounds of carbon dioxide annually, or about three times the weight of the car each year. On today's market, TerraPass can effectively scrub that pollution from the environment for about $50 per year.
"Fully one-third of America's production of greenhouse gases, or about 80,000 pounds of carbon dioxide per person, comes from sources under our direct control - our cars and homes," said Tom Arnold, TerraPass' chief environmental officer. "U.S. transportation activity alone is responsible for about 6.8 billion tons of carbon dioxide production per year. At this scale, small changes can have very big effects. The GreenShift investment is exciting to us because it will help us realize bigger offsets sooner."
"This is another great example of how incremental shifts forward can contribute to profound environmental gains," added Kevin Kreisler, GreenShift's chairman and chief executive officer. "We believe that the TerraPass idea is an exceptional one. Its branding takes the intangible concept of RECs and carbon credits and allows consumers to easily participate., which we believe will increase the breadth and depth of distribution of both pollution instruments in the consumer markets.
Consequently, we believe that TerraPass is on its way to helping a great many individual mobile sources, from individual consumers to entire commercial fleets, make a material contribution to the reduction of greenhouse gases. We are very excited to welcome TerraPass in our growing portfolio of companies and technologies and we look forward to helping drive their development with strategic partnerships, advice and capital to fuel their growth," continued Kreisler.
Under the terms of its agreement with TerraPass, GreenShift is purchasing a 10% stake in TerraPass for $250,000 and an option to purchase another 10% of TerraPass common stock for another $250,000.
About GreenShift Corporation
GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.
GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
Veridium Corporation (OTC Bulletin Board: VRDM - News);
INSEQ Corporation (OTC Bulletin Board: INSQ - News);
GreenWorks Corporation;
GreenShift Industrial Design Corporation;
Coriolis Energy Corporation;
TDS (Telemedicine), Inc.; and,
Ethanol Oil Recovery Systems, Inc.;
Sterling Planet, Inc.;
Ovation Products Corporation; and,
TerraPass Inc.
In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006.
Additional information regarding GreenShift Corporation is available online at www.greenshift.com.
Press Release Source: GreenShift Corporation
Greenshift Completes Investment in TerraPass
Tuesday September 6, 8:30 am ET
Innovative New Company Provides Service to Offset Greenhouse Gas Emissions from Mobile Sources
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 6, 2005--GreenShift Corporation (OTC Bulletin Board:GSHF - News) today announced the completion of its investment in TerraPass Inc., a development stage company founded by professor Karl Ulrich and a group of his students at the Wharton School at the University of Pennsylvania.
ADVERTISEMENT
TerraPass allows consumers to pay to offset their car's emissions through investment in clean-energy alternatives such as wind and bioenergy power by purchasing a "TerraPass" - a decal sold through the TerraPass website that is certified to eliminate the equivalent of a single car's carbon dioxide emissions.
TerraPass is based upon the concept of pollution markets, which allow consumers to subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources. These markets are generally not generally available to consumers who may be concerned about the pollution their cars emit. TerraPass allows a broad audience of consumers to participate in this emerging trend, by purchasing carbon dioxide credits and renewable energy certificates ("RECs") on behalf of its customers that subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources.
The average car travels 12,000 miles per year and, at the rate of about 20 pounds of carbon dioxide per gallon of gasoline burned, pumps out about 10,000 pounds of carbon dioxide annually, or about three times the weight of the car each year. On today's market, TerraPass can effectively scrub that pollution from the environment for about $50 per year.
"Fully one-third of America's production of greenhouse gases, or about 80,000 pounds of carbon dioxide per person, comes from sources under our direct control - our cars and homes," said Tom Arnold, TerraPass' chief environmental officer. "U.S. transportation activity alone is responsible for about 6.8 billion tons of carbon dioxide production per year. At this scale, small changes can have very big effects. The GreenShift investment is exciting to us because it will help us realize bigger offsets sooner."
"This is another great example of how incremental shifts forward can contribute to profound environmental gains," added Kevin Kreisler, GreenShift's chairman and chief executive officer. "We believe that the TerraPass idea is an exceptional one. Its branding takes the intangible concept of RECs and carbon credits and allows consumers to easily participate., which we believe will increase the breadth and depth of distribution of both pollution instruments in the consumer markets.
Consequently, we believe that TerraPass is on its way to helping a great many individual mobile sources, from individual consumers to entire commercial fleets, make a material contribution to the reduction of greenhouse gases. We are very excited to welcome TerraPass in our growing portfolio of companies and technologies and we look forward to helping drive their development with strategic partnerships, advice and capital to fuel their growth," continued Kreisler.
Under the terms of its agreement with TerraPass, GreenShift is purchasing a 10% stake in TerraPass for $250,000 and an option to purchase another 10% of TerraPass common stock for another $250,000.
About GreenShift Corporation
GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.
GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
Veridium Corporation (OTC Bulletin Board: VRDM - News);
INSEQ Corporation (OTC Bulletin Board: INSQ - News);
GreenWorks Corporation;
GreenShift Industrial Design Corporation;
Coriolis Energy Corporation;
TDS (Telemedicine), Inc.; and,
Ethanol Oil Recovery Systems, Inc.;
Sterling Planet, Inc.;
Ovation Products Corporation; and,
TerraPass Inc.
In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006.
Additional information regarding GreenShift Corporation is available online at www.greenshift.com.
Good Morning All :)
If insq is up in Germany today then GSHF will up
& Running North too this 4 day week :)
INSQ has News coming out > Weekly > Super :)
tektrader.. i have made i share on BuG$.....over the past several years.....Bugs sometimse has two runs in the 2q however i did not play bugs this past year but my dad did...& did make some bucks as he always does....just stoped trading now for the and missed it too but he says he too old to be on the computer any longer...93,,,,,but still keeps up with the news and the stocks ....tells me what to buy ever now and them.