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Press Release Source: INSEQ Corporation
INSEQ Announces GREX Renewable Energy Certificate Trading Platform
Wednesday October 12, 9:00 am ET
Company to Sell Green Energy Products Through New Commodities Trading Platform
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Oct. 12, 2005--INSEQ Corporation (OTC Bulletin Board: INSQ - News) today announced its plans to sell renewable energy certificates ("RECs") and other green energy products through GREX(TM) - a new INSEQ commodities trading platform devoted to the increased distribution of green power to residential and commercial consumers.
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GREX is based upon the concept of pollution markets, which allow consumers to subsidize and increase the production of green, or environmentally friendly energy, and offset their consumption of fossil fuel sources. GREX's initial products will include various different forms of renewable energy certificates that Sterling Planet, Inc., the nation's leading reseller of RECs, is customizing for INSEQ and making available to GREX for resale. These products will include specialized blends of solar, wind, biofuels and other green energy credits. GREX will also sell TerraPasses - car decals produced by TerraPass, Inc., that are certified to eliminate the equivalent of a single car's carbon dioxide emissions, as well as carbon dioxide credits and other green tags produced by Mean Green BioFuels Corporation.
INSEQ, Sterling Planet, TerraPass, and Mean Green are all portfolio companies of GreenShift Corporation (OTC Bulletin Board: GSHF - News), 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, INSEQ's chairman and the chairman and chief executive officer of GreenShift Corporation, said that "INSEQ's mission is to directly facilitate increases in the relative efficiency of the use of natural resources and GREX is a major aspect of INSEQ's strategy moving forward. We believe that the state of today's domestic energy infrastructure makes it very difficult for everyday consumers to purchase green energy, and we further believe that we can enable a significant positive impact on the environment by bringing RECs and other green tags to a great many individual consumers through GREX."
"GREX is also strategic to GreenShift's long term growth plans," added Kreisler. "GreenShift is targeting investments and then methodically establishing linkages amongst its various portfolio companies with a view towards increasing each of their sales, earnings and individual intrinsic values. As applied here, INSEQ will purchase and sell Sterling Planet, TerraPass and Mean Green RECs and green tags through GREX. If we are successful, this will increase sales and make a contribution to operating income for four different GreenShift portfolio companies which we expect will in turn result in an enhanced positive impact on GreenShift's net asset value. We are very excited by GREX and its potential and look forward to launching 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 - News), 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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