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GSHF & INSQ INSEQ Executes Strategic Alliance with TerraPass; Company to Distribute Innovative New TerraPasses Through INSEQ's New Green Trading Platform
Business Wire - October 11, 2005 08:17

MOUNT ARLINGTON, N.J., Oct 11, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced its execution of a strategic alliance with TerraPass, Inc., a development stage company that allows consumers to offset their car's emission of greenhouse gasses.

TerraPass is a twist on of the concept of pollution markets, which allow consumers to subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources. These markets are generally not available to everyday consumers who may be concerned about the pollution their cars emit. TerraPass changes this by purchasing carbon dioxide credits and renewable energy certificates ("RECs") on behalf of its customers that subsidize and increase the production of green, or environmentally friendly energy, and offset consumption of fossil fuel sources.

Pursuant to the terms of the agreement, INSEQ will sell TerraPasses through INSEQ's planned new secondary commodities exchange, which is currently in development and is expected to launch later this year. A "TerraPass" is a decal that is certified to eliminate the equivalent of a single car's carbon dioxide emissions.

The average car travels 12,000 miles per year and, at the rate of about 20 pounds of carbon dioxide per gallon of gasoline burned, pumps out about 10,000 pounds of carbon dioxide annually, or about three times the weight of the car each year. On today's market, TerraPass can effectively scrub that pollution from the environment for about $50 per year.

TerraPass

TerraPass is a service that aids in eliminating personal vehicle contributions to global warming. By issuing a "TerraPass" to its members, TerraPass utilizes its members' contributions to promote global energy efficiency and greenhouse gas reduction through targeted projects. It is through these clean energy projects that TerraPass counterbalances pollution from its members' vehicles.

INSEQ's Revenue Model

INSEQ plans to generate revenue from the new platform in the form of transaction fees, but also by making a market in key high-volume liquid subsets of green commodities, including certain metals, chemicals, fuels, plastics and - as is the case here - renewable energy in the form of TerraPasses.

"INSEQ believes that TerraPass' branding brilliantly takes the intangible concept of RECs and carbon credits and makes them tangible and approachable," said Kevin Kreisler, INSEQ's chairman. "INSEQ anticipates that this will result in relatively quick rates of market penetration, and INSEQ hopes to generate additional earnings by helping TerraPass move its product to market. INSEQ's key initial goal here is to expand the breadth and depth of TerraPass' reach in the retail residential markets."

TerraPass and INSEQ are both portfolio companies of 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.

Kevin Kreisler, who is also the chairman and chief executive officer of GreenShift, added: "We are excited by the prospects of INSEQ planned new trading platform. This pact with TerraPass is important because TerraPasses and other green tag offerings are going to be among the first commodities that INSEQ makes a market in when the INSEQ exchange launches later this year."

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