That is not so.
GS AgriFuels’ Projected Revenue and Earnings Growth.
Assuming the completion of all of the above, and that GS AgriFuels successfully finances and executes on each front, the moving forward revenue and EBITDA profile of GS AgriFuels’ current operations can be expected to be as follows based on current agreements and at current market prices for corn oil, biodiesel and vegetable oils:
GS AgriFuels Estimated Revenue Estimated EBITDA
Corn Oil Derived Biodiesel (50 million gallons per year) $ 160,000,000 $ 50,000,000
Oilseed Crushing (annualized) $ 80,000,000 $ 12,000,000
Biodiesel Equipment Sales (non-recurring) $ 53,000,000 $ 13,000,000
Additional disclosures regarding each of GS CleanTech, GS AgriFuels, GS Energy and GS EnviroServices and the specific impact of GreenShift’s restructuring on the shareholders of each company are available on separate shareholder disclosures made by each company today, which additional disclosures are available online at www.greenshift.com.