Press Release Source: INSEQ Corporation
INSEQ Restructures Manufacturing Agreement
Wednesday September 7, 8:00 am ET
Company to Manufacture Proprietary Systems for Mean Green BioFuels
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Sept. 7, 2005--INSEQ Corporation (OTC Bulletin Board: INSQ - News) today announced the restructuring of its manufacturing agreement with Ethanol Oil Recovery Systems, LLC ("EORS") and Cantrell Winsness Technologies, LLC ("CWT"), to include certain additional manufacturing rights for Mean Green(TM) BioFuels Corporation, a development stage company that has acquired the rights to a new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels (the "Technology") for a territory encompassing most of the eastern half of the United States.
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Under the restructured agreement, INSEQ will retain the right of first refusal to manufacture proprietary systems to extract crude corn oil from the evaporation area of dry mill ethanol facilities for further refining into biodiesel fuel (the "Extraction Systems") for EORS in the western half of the U.S. on the basis of the then-prevailing competitive price point for the scope of services provided. INSEQ now has the right of first refusal to manufacture the Extraction Systems, as well as Biodiesel Processing Equipment, for Mean Green BioFuels in the eastern half of the U.S.
Given the breadth of the territory and the increasing popularity of biofuels, INSEQ expects the total national demand for the Extraction Systems will accordingly exceed 30 systems over the next 24 months. INSEQ will manufacture the systems at its Ohio based specialty equipment manufacturing facility. The first of these systems are expected to ship during the first quarter of 2006.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.
INSEQ is 70% owned by GreenShift Corporation, 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.
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