Veridium Corp fka VRDM

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GreenShift Continues Portfolio Consolidation; Company Provides Updated Disclosure on Dividend Plans
GreenShift Corporation (OTC Bulletin Board: GSHF) today announced its plans to consolidate the operations of a number of its portfolio companies and provided updated disclosure on its dividend plans.

Veridium Corporation

GreenShift's plans include the transfer of two wholly-owned portfolio companies, GreenShift Industrial Design Corporation and Tornado Trash Corporation, to Veridium Corporation (OTC Bulletin Board: VRDM). GreenShift, which holds about 60% of the equity in Veridium, will receive additional capital stock equal to about 10% of Veridium in return for the transfers. These transactions are expected to be completed in early 2006.

GreenShift Industrial Design Corporation ("GIDC") is a development stage company that focuses on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. GIDC's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. GIDC plans to initially focus on the acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:

-- Reduce the volume of waste generated by residential and commercial consumers;

-- Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and,

-- Increase the cost-efficiency of processing certain types of industrial wastes.

GIDC expects to leverage its portfolio of powerful new green technologies to generate revenue starting in 2006 from the provision of customized engineering services to third party clients.

Tornado Trash Corporation ("TTC") is a development stage company formed to deploy commercial applications of GIDC's innovative green technologies with the specific goal of minimizing and eliminating the practice of landfill disposal by converting trash into valuable metals, chemicals, plastics, fuels and energy. TTC plans to focus on centralized applications of its technologies at, for example, landfills and transfer stations, and decentralized applications of its technologies in new green appliances positioned to residential and commercial consumers.

"These transfers are an important part of our plans to consolidate the activities of a number of GreenShift's portfolio companies based on their respective core competencies," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "Veridium is currently implementing a restructuring plan which includes the reorganization of its services business and the transfers of GIDC and TTC to Veridium are strategic to Veridium's business model moving forward."

Both GIDC and TTC expect to rely on the specialized manufacturing and product distribution capabilities of INSEQ Corporation, another GreenShift portfolio company.

INSEQ Corporation

GreenShift also plans to transfer its 30% stake in Air Cycle Corporation ("Air Cycle"), a privately-held lamp, ballast, battery and electronics waste recycling company, to another of GreenShift's portfolio companies: INSEQ Corporation (OTC Bulletin Board: INSQ).

The transfer of Air Cycle to INSEQ was completed last week immediately after GreenShift's acquisition of Air Cycle stock. In exchange for the Air Cycle shares, GreenShift will receive INSEQ common shares equal to an additional 5% stake in INSEQ. The transfer of the Air Cycle shares will supplement GreenShift's transfer last week of Electronic Scrap Recycling Corporation ("ESRC") to INSEQ, in return for which GreenShift will receive INSEQ common shares equal to an additional 5% stake in INSEQ.

Air Cycle currently offers a wide range of recycling services throughout the United States and takes pride in its ability to engineer innovative products to help its customers. Air Cycle has sold thousands of its proprietary Bulb Eater(R) systems to facilities across the world and its clients include many small and large companies, schools, hospitals, military bases, and government agencies. Additional information on Air Cycle, including videos and other media pertaining to Air Cycle's Bulb Eater(R) product line, is available online at www.aircycle.com.

Kreisler added: "INSEQ's business model is to directly facilitate the more efficient use of natural resources. An essential element of this is building and selling innovative green products. Just as with ESRC, our investment in Air Cycle is strategic to both INSEQ's mission and its bottom line - Air Cycle comes with an estimated $1.5 million per year in manufacturing work for INSEQ's existing manufacturing group."

Dividend Plans

After completion of each of the above transactions in early 2006, GreenShift intends to issue a dividend of its newly acquired 10% stakes in each of Veridium and INSEQ to GreenShift's shareholders. The distribution of those shares will need to be registered with the Securities and Exchange Commission prior to payment of the dividend. The record date for each dividend is expected to coincide with the effectiveness of each registration.

About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GSHF) 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. 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.


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