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GSHF - GreenShift Portfolio Company Mean Green BioFuels Releases Video of Proprietary New Ethanol Oil Recovery Technology in Action

Nov 21, 2005 9:24:00 AM
Copyright Business Wire 2005
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Nov. 21, 2005--

GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that its portfolio company, Mean Green BioFuels Corporation ("Mean Green"), released of footage today demonstrating the operation of Mean Green's new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels.

More than 75% of the ethanol produced in America each year is produced using a technique called dry milling. In this process, starch is recovered from corn and converted into ethanol - currently the most widely used biofuel in America. The remaining portion of the whole grain includes the fat from the corn and exits the back of the dry mill ethanol production process where it is sold to the animal livestock industry as commercial feed for only $0.01 to $0.04 per pound, or about $0.07 to $0.29 per gallon. This material is referred to as Distillers Dried Grain ("DDG").

Mean Green's new technology is capable of economically recovering up to 75% of the oil from the DDG. For a typical 40 million gallon per year corn fed ethanol facility, Mean Green's technology can recover up to 3.5 million gallon per year of corn oil with a feed market value today of about $1.10 per gallon or it can be sold for roughly $2.50 per gallon after conversion into biodiesel.

Mean Green intends to install its corn oil recovery technology in dry mill ethanol facilities at no up front cost to the ethanol facility and Mean Green plans to pay a premium price for the extracted oil. The recovered oil will be transported to one of Mean Green's planned large scale biodiesel conversion facility to maximize the potential of the innovative oil extraction technology. The total benefits to participating ethanol facilities improve their annual profits by up to 25% with no capital investment.

The released video shows the Mean Green corn oil extraction technology in operation at a confidential ethanol production facility. The video is available online in the Technology section of Mean Green's website at www.meangreenbiofuels.com.

Mean Green intends to finance, build and operate a 30 million gallon biodiesel fuel production facility on the eastern seaboard of the United States. Mean Green plans to site its new facility in the middle of a highly industrialized geography that has not historically had access to cleaner burning fossil fuel alternatives. Mean Green also plans to invest in and develop additional biofuels production facilities as well as certain types of distribution and diesel blending facilities.

GreenShift owns 49% of Mean Green and INSEQ Corporation (OTC Bulletin Board: INSQ), a 70% owned GreenShift portfolio company, holds right of first refusal manufacturing rights to equipment and facilities based on the Mean Green technology.

About GreenShift Corporation

GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.

BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.

GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:

-- Veridium Corporation (OTC Bulletin Board: VRDM);

-- INSEQ Corporation (OTC Bulletin Board: INSQ);

-- GreenWorks Corporation;

-- GreenShift Industrial Design Corporation;

-- Ovation Products Corporation;

-- Tornado Trash Corporation;

-- Mean Green BioFuels Corporation;

-- Ethanol Oil Recovery Systems, LLC;

-- Sterling Planet, Inc.;

-- TerraPass, Inc.;

-- Coriolis Energy Corporation;

-- Hugo International Telecom, Inc.; and,

-- TDS (Telemedicine), Inc.;
Additional information regarding GreenShift Corporation is available online at www.greenshift.com.

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 GreenShift 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 occurrence of unanticipated events or changes to future operating results.

Source: GreenShift Corporation



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GreenShift Corporation
Jim Grainer
973-398-8183
Fax: [phone]
[e-mail]
www.greenshift.com
or
CEOcast
Inc.
Ed Lewis
212-732-4300