INSEQ Announces Increased Order for Biofuels Equipment
Business Wire - March 13, 2006 08:00
NEW YORK, Mar 13, 2006 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced that Veridium Corporation (OTC Bulletin Board: VRDM) increased its order for the manufacturing of Veridium's Corn Oil Extraction Systems(TM) to about $5.2 million. The terms of the increased order call for INSEQ's manufacturing and delivery of the systems starting in June 2006.
INSEQ and Veridium are respectively 80% 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.
Kevin Kreisler, GreenShift's chairman and chief executive officer, said that "We expect that INSEQ's biofuels orders will continue to increase as Veridium continues to secure orders from ethanol and other facilities as well as standard equipment financing off of those orders. INSEQ's first priority for the immediate term will be on executing on these orders and investing in the growth of it biofuels equipment manufacturing capabilities."
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