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INSQ INSEQ Executes Letter of Intent to Acquire Metals Manufacturer
Business Wire - October 3, 2005 8:42 AM (EDT)

MOUNT ARLINGTON, N.J., Oct 03, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced that it has executed a letter of intent to acquire a Specialty Metal Manufacturer ("SMM").

SMM is an Ohio-based specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services for its clients. INSEQ intends to complete the SMM acquisition during the fourth quarter 2005 with a mixture of conventional debt and cash on terms that INSEQ expects will be accretive to earnings.

INSEQ expects to merge the operations of SMM with INSEQ's existing Ohio-based metal manufacturing division, where SMM is expected to add $2 million in annualized revenues with better than 10% EBITDA margins.

Kevin Kreisler, INSEQ's chairman, said that "INSEQ plans to consolidate SMM's operations at its existing metal manufacturing operation in Ottoville, Ohio. Accordingly, we expect that the intended acquisition will be accretive to both INSEQ's profitability by reducing costs on existing contracts, as well as will enhance INSEQ's balance sheet since the acquisition brings valuable equipment and other assets. Further, SMM's equipment will be integral to the cost-effective manufacturing by INSEQ of products based on GreenShift Corporation's various technologies, specifically products based on GreenShift's Tornado Generator(TM) technology."

GreenShift's Tornado Generator(TM)

GreenShift's patented Tornado Generator(TM) accelerates compressed air to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate and atomize solid and liquid wastes and other materials into micron sized powders. The Tornado Generator(TM) has no internal moving parts and is powered by compressed air. Needing only an appropriately sized generator and compressor, processing with the Tornado Generator(TM) is very robust and is capable of field operation.

The technology can cost-effectively and rapidly process a very broad array of wastes including agricultural wastes, septic wastes, municipal solid wastes, and construction and demolition wastes. In its most basic mode of operation, the Tornado Generator(TM) can simply be used to dramatically reduce the volume of targeted wastes by about 90%, as well as the associated transportation and disposal costs. Systems based on the Tornado Generator(TM) can be rapidly deployed for use in the cost-effective management of debris under emergency or other conditions.

Additionally, with conventional pre-processing, the output of the Tornado Generator(TM) includes fuel pellets with an average BTU value of about 7,000 BTU/lb. These fuel pellets are dry, dense, odorless, and can be easily transported economically and safely to remote landfills or sold to local power utilities or used to generate power on site.

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 (OTC Bulletin Board: GSHF), 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.

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 INSEQ 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 statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

SOURCE: INSEQ Corporation

INSEQ Corporation
Jim Grainer, 973-398-8183
Fax [phone]
[e-mail]
www.inseq.com

Copyright Business Wire 2005