Glad someone's getting serious about ethanol.
I see the Gov. has given oil co's a 'royalty holiday' worth $7bn !
Now that shows a committment to oil !
VRDM Veridium Receives Order for Ethanol Facility Efficiency Upgrade
Business Wire - February 14, 2006 11:08 AM (EDT)
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NEW YORK, Feb 14, 2006 (BUSINESS WIRE) -- Veridium Corporation (OTC Bulletin Board: VRDM) today announced that its receipt of a $560,000 order from Little Sioux Corn Processors ("Little Sioux") to design and install efficiency upgrades to Little Sioux's Marcus, Iowa ethanol production facility.
Little Sioux, an innovative farmer-owned ethanol production facility that was commissioned in April 2003 and was designed to produce 40 million gallons of ethanol per year. Facility operators have been able to eliminate processing bottlenecks to allow it to consistently produce in excess of 50 million gallons of ethanol annually, and Little Sioux continues to implement new processing technologies.
Continuing to be a leader in innovation, Little Sioux has requested Veridium's assistance in upgrading its processes. The efficiency upgrades are expected to generate an additional $650,000 in annual income for Little Sioux.
Steve Roe, general manager of Little Sioux, states "Veridium's process engineers have consistently demonstrated their ability to innovate process solutions that enhance our operations, reduce our costs and increase our profits. We are happy to work with them on this project and look forward to working with them in the future."
Additional information on Little Sioux is available online at www.littlesiouxcornprocessors.com.
About Veridium Corporation
Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium'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. Veridium plans to focus on the continued 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.
Veridium is about 65% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), 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.
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 Veridium 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: Veridium Corporation
Veridium Corporation
Investor Relations
Phone: 973-398-8183
Fax: 973-398-8037
Email: investorrelations@veridium.com
Web: www.veridium.com
or
CEOcast, Inc. for Veridium Corporation
Ed Lewis, 212-732-4300
Copyright Business Wire 2006
