GreenShift consolidated its majority- and minority-held investments in connection with its transition to an operating company to more effectively focus on the growth of these companies. Effective July 1, 2006, GreenShift's corporate structure was streamlined into the following majority-held operating subsidiaries:
GS AgriFuels Corporation
GS AgriFuels (OTC Bulletin Board: HGOT) intends to build and
operate several clean fuel production facilities in America
based on innovative new clean technologies with a focus on
biodiesel and alternative ethanol production. GS AgriFuels'
first planned production facility, Mean Green Biodiesel, is
designed to initially operate at 45 million gallons per year.
According to a feasibility study commissioned by Mean Green, a
plant of this magnitude can be expected to generate in excess
of $90 million in revenue per year.
