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Veridium Corporation VRDM) today announced its execution of an amended license agreement with Ohio
University ("Ohio") for its patented bioreactor process for reducing
greenhouse gas emissions from fossil-fuelled combustion processes.
Veridium's original license with Ohio provided for non-exclusive
rights to the technology for the purpose of processing exhaust gas
streams from electrical utility power generation facilities, and
exclusive rights to the technology for applications involving all
other sources. The amended license agreement increases the scope of
Veridium's license to provide for exclusivity in all applications,
including electrical utility power generation facilities.
Veridium's bioreactor technology is simple, robust and scalable,
and was originally designed to reduce greenhouse gas emissions from
fossil-fueled combustion processes. The technology is based on a new
strain blue-green algae discovered thriving in a hot stream at
Yellowstone National Park. The algae use the available carbon dioxide,
water and light to grow new algae, giving off pure oxygen and water
vapor in the process. Once the algae grow to maturity, they fall to
the bottom of the bioreactor where the algae can be harvested for
further refining several times per day.
A prototype of the technology was built that is capable of
handling 140 cubic meters of flue gas per minute, an amount equal to
the exhaust from 50 cars or a 3 megawatt power plant.

New Feedstock for Ethanol Production

Ethanol is made from starch-based feedstocks. The algae in the
bioreactor convert exhaust carbon dioxide and sunlight into a biomass
that is comprised of about 94% starch and about 6% oil. This exceeds
the starch concentration in corn, the primary feedstock for domestic
ethanol production today, which contains about 63% starch and 3-4%
oil. Even more impressive is that the preliminary test data show a
doubling of the biomass several times per day - a rate much faster
than plants, and it does all of this on a footprint that is orders of
magnitude less than the surface area required for crops.
Veridium's immediate focus for this technology is to deploy a
commercial-scale pilot operation while seeking out qualified early
adopters for deployment of the technology in the ethanol industry and
in the traditional power generation industry.
"We have been focused on ethanol front for some time now and most
of our current market development focus is on deploying technologies
that enhance production efficiencies for existing ethanol facilities,"
said David Winsness, chief executive officer of Veridium's industrial
design division. "Our bioreactor technology is just one of several
such technologies that we plan to roll out this year."
Earlier this year, Veridium filed for patent protection on its
BioStarch Recirculation System(TM) - an implementation of Veridium's
bioreactor technology that routes exhaust carbon dioxide from the
fermentation stage of ethanol production facilities through a
bioreactor that is specifically designed to be integrated with
existing ethanol facilities.
"We believe that finding ways to rapidly squeeze more supply out
of the existing production infrastructure is a critically necessary
objective," said Winsness. "In conventional ethanol production, almost
a third of the mass of the corn ends up in the form of exhaust. Our
view is that carbon dioxide exhaust is a valuable resource that can be
used to increase the current output of host ethanol facilities, and we
think that we are going to see considerably more than 10% gains in
production out of existing ethanol facilities with our patented and
patent-pending technologies."

Conversion of Power Plant Exhaust

Winsness added: "Demand for ethanol is increasing and we believe
that it will continue to exceed supply for the foreseeable future. We
also believe that the rate of the increasing demand will continue to
outpace the rate of the increasing supply while we wait for new
ethanol facilities to be built. While bringing our technologies to the
ethanol industry remains our primary focus, we are also seeking out
new low-cost and near-term sources of ethanol supply. We believe that
the power generation industry is a perfect candidate for this given
the capabilities of our bioreactor technology and we are excited to
now have the exclusive rights to the underlying technology."

About Veridium Corporation

Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly
traded industrial waste recycling company and holds the rights to more
than a dozen proprietary universal processing, water purification,
emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and
marketing of green innovations and processes that enhance
manufacturing efficiencies, improve resource utilization and minimize
waste. Veridium's mission is to deliver consumer oriented Natural
Solutions(TM) based on an array of green technologies and applied
engineering expertise that reduce waste at the source and make it
easier for people and businesses to recycle and reuse resources.
Veridium plans to focus on the continued acquisition, development and
marketing of benchmark green technologies and products that 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.

Veridium is about 70% owned by GreenShift Corporation (OTC
Bulletin Board: GSHF), a publicly traded company 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 Veridium 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.



KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY NATURAL RESOURCES ENVIRONMENT CONTRACT/AGREEMENT
SOURCE: Veridium Corporation


CONTACT INFORMATION:
Veridium Corporation
Investor Relations
888-870-9197 - Extension 291
Fax: [phone]
[e-mail]
www.veridium.com
or
CEOcast, Inc. for Veridium
Ed Lewis, 212-732-4300