Incode Announces Design and Manufacturing Projects With Honda PR Newswire - June 23, 2005 08:00
MOUNT ARLINGTON, N.J., June 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced the continuation of design and manufacturing projects between the Company's design subsidiary and Honda Engineering North America.
The projects are for the design and manufacturing of specialized equipment used in the process for manufacturing engines at their Anna, Ohio Engine Plant. The Company expects work to continue through the balance of 2005 and into 2006.
"We are proud to have the opportunity to work with Honda," said Tony Warnecke, president of the Company's design subsidiary. "Honda is a global leader in the manufacturing and sales of automobiles and motorcycles. Based near our design and manufacturing operations in Ohio, Honda is an important and valuable contributor to the local and the domestic economy. Honda is an exciting and financially material client for us and we look forward to continued opportunities to service their needs."
With more than $6 million in annual revenue, the Company's design subsidiary serves as a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on - and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
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 Incode Technologies 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 statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer Inseq Corporation, +1-973-398-8183, Fax: +1-973-398-8037, investorrelations@inseq.com; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide, for Incode Technologies Corporation
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