Greenshift Corporation (GERS)

[Slashnuts]

A Correction To My Previous Post

I got a couple of the GPRE plants, that have our patented corn oil extraction operating, mixed up. I wanted to clarify which plants are online. Bluffton http://www.gpreinc.com/Locations/17, Lakota http://www.gpreinc.com/Locations/36 , Obion http://www.gpreinc.com/Locations/13 , Ord http://www.gpreinc.com/Locations/14 , Riga http://www.gpreinc.com/Locations/35 and the Superior http://www.gpreinc.com/Locations/15 plant are online. Central City http://www.gpreinc.com/Locations/16 and Shenandoah (nice rainbow) http://www.gpreinc.com/Locations/12 are under construction and will be online by June. Otter Tail http://www.gpreinc.com/Locations/37 is still projected to start up in Q3.

"In the fourth quarter of 2010, we began implementing corn oil extraction technology at our ethanol plants. The corn oil system is designed to extract non-edible corn oil from the whole stillage process immediately prior to production of distillers grains. Industrial uses for corn oil include feedstock for biodiesel, livestock feed additives, rubber substitutes, rust preventatives, inks, textiles, soaps and insecticides. We expect the implementation of corn oil extraction at our plants, including amounts paid through March 31, 2011, will cost us approximately $22.0 million in the aggregate. At March 31, 2011, we were operating corn oil extraction systems at our Bluffton, Lakota, Obion, Ord, Riga and Superior plants. We expect to complete the installation of corn oil extraction technology at our Central City and Shenandoah plants by the end of the second quarter, and at our recently-acquired Otter Tail ethanol plant during the third quarter of 2011."

http://www.sec.gov/Archives/edgar/data/1309402/000119312511122063/d10q.htm