Greenshift Corporation (GERS)

[investorpro1]

The final plan is to merge BTZO with GERS....

Planned additional transactions include the transfer of FCC’s stakes in Pervasip Corp. (OTCQB: PVSP), FLUX Carbon Technologies LLC, FLUX Photon Corporation, and Noveda Technologies, Inc., among others to GreenShift for no additional consideration, and the merger of Bitzio and GreenShift.

“The recently completed transactions were structured to eliminate the majority of the combined company’s convertible debt and the associated overhang,” said Marilu Brassington, Bitzio’s Chief Financial Officer. “That overhang has impeded the financing and growth of each company and many of our technologies for years. We are very excited to have eliminated the bulk of it on terms that are favorable to our shareholders, and we are evaluating additional transactions to eliminate the balance of the combined company’s debt and overhang as quickly as possible.”