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INSEQ Executes Carbon Nanotube Distribution Agreement
Business Wire - November 01, 2005 08:41

MOUNT ARLINGTON, N.J., Nov 01, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced its execution of a strategic alliance agreement with Cheap Tubes, Inc., a leading importer of high quality carbon nanotubes and related products.

Under the terms of the agreement, INSEQ will distribute carbon nanotubes and related products on the basis of a fixed discount to prevailing market prices through INSEQ's planned new industrial commodities exchange, which is currently in development and is expected to launch later this year.

Carbon nanotubes are cylindrical carbon molecules that are about 50,000 times smaller than the width of a human hair. They exhibit extraordinary strength and unique electrical properties, and they are very efficient conductors of heat. Their novel properties make them potentially useful in a wide variety of industrial applications, including fuel cells, energy storage devices, air and water filtration, flat panel displays, imaging technologies, chemical and physical sensors, and structural and thermal composites.

Mike Foley, the president of Cheap Tubes, said that "Cheap Tubes has developed expertise in sourcing cost-effective high quality carbon nanotubes and related products for private and public sector clients and we are seeking to aggressively grow our business. We are excited by the agreement with INSEQ and expect that INSEQ's planned industrial commodities trading platform will significantly enhance our growth."

"The agreement with Cheap Tubes is strategic to INSEQ in two key ways," said INSEQ's chairman, Kevin Kreisler. "First, it provides INSEQ with a valuable industrial product for its planned new industrial commodities platform and, at prices ranging from $6.00 to more than $400.00 per gram, INSEQ expects that its distribution of these products will add to near term earnings growth. Second, it provides INSEQ with a cost-effective supply of high-quality carbon nanotubes and related products, which we expect INSEQ will need in order to be responsive to the manufacturing needs of GreenShift Corporation and its portfolio companies."

INSEQ 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 catalyze transformational environmental gains.

Kreisler, who is also chairman and chief executive officer of GreenShift, added: "GreenShift is actively seeking investments in fuel cells, energy storage, and air and water filtration, with a specific emphasis on technologies that rely on the impressive properties of carbon nanotubes and other nanostructures. In each case, we intend to secure right of first refusal manufacturing rights for products based on these technologies for INSEQ's manufacturing group. We believe that INSEQ's agreement with Cheap Tubes will help to ensure a stable and cost-effective supply of relevant raw materials for these products, and our expectation is that this will enhance INSEQ's revenue and earnings and help to accelerate a return on GreenShift's various investments."

About INSEQ Corporation

INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.com.

INSEQ 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 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 INSEQ 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: INSEQ Corporation

INSEQ Corporation
Jim Grainer, 973-398-8183
Fax: [phone]
[e-mail]
www.inseq.com

Copyright Business Wire 2005