GSHF .06 and INSQ news .0035- GSHF continuing to work hard to bolster its portfolio companies.
INSEQ Executes Strategic Alliance with Sterling Planet; Company to Distribute Renewable Energy Certificates Through New Online Trading Platform
Business Wire - August 29, 2005 08:00
MOUNT ARLINGTON, N.J., Aug 29, 2005 (BUSINESS WIRE) -- INSEQ Corporation (OTC Bulletin Board: INSQ) today announced its execution of a strategic alliance with Sterling Planet, Inc., the nation's leading retail renewable energy provider through the sourcing and sale of renewable energy certificates ("RECs").
Pursuant to the terms of the agreement, INSEQ will sell RECs through its planned new secondary commodities exchange, which is currently in development and is expected to launch later this year.
RECs, or green tags, enable retail residential and non-residential consumers to purchase green, or environmentally friendly, energy through their existing utility and offset reliance on power generated from fossil fuel sources. RECs represent all of the positive environmental attributes of renewable power generation from sources such as solar, wind and organic bioenergy power and can be purchased and used by consumers regardless of whether or not their local utility has access to green power generation.
INSEQ's Revenue Model
INSEQ plans to generate revenue from the new platform in the form of transaction fees, but also by making a market in key high-volume liquid subsets of green commodities, including certain metals, chemicals, fuels, plastics and - as is the case here - renewable energy.
"As the nation's leading reseller of renewable energy, we believe that Sterling will bring renewable energy to a great many people, businesses and government institutions," said Kevin Kreisler, INSEQ's chairman. "INSEQ hopes to generate additional earnings by making a valuable contribution to Sterling's efforts. INSEQ's key initial goal here is to expand the breadth and depth of Sterling's reach in the retail residential markets."
Sterling and INSEQ are both portfolio companies of 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.
Kevin Kreisler, who is also the chairman and chief executive officer of GreenShift, added: "We are particularly excited by the prospects of the trading platform. This pact with Sterling is important because REC's and other green tag offerings are going to be among the first commodities that INSEQ makes a market in when the INSEQ exchange launches later this year."
About Sterling Planet
Sterling Planet, founded in 2000, was the first company to offer every U.S. home and business a way to reduce the environmental impact of regular electricity production. Now Sterling Planet leads the way in retail sales of renewable energy from the sun, wind, biomass, small hydro and other renewable technologies produced domestically while stimulating local economies and creating jobs.
Sterling has sold over 2.4 billion kilowatt hours of renewable energy since its inception, representing enough energy to power 222,100 homes for a full year or taking over 294,000 cars off the roads which will offset 1,683,000 tons of carbon dioxide. Sterling is also the nation's leader in partnering with electric utilities and businesses to market or supply renewable energy. Currently, Sterling has 27 utility partners nationwide in states such as Florida, Massachusetts, New York, Connecticut, New Jersey and Rhode Island.
Sterling currently services an impressive array of clients including the 2004 Republican National Convention, the 2004 Democratic National Convention, Alcoa, The Coca-Cola Company, DuPont, Delphi Corporation, Duke University, University of Utah, Nike, Pitney Bowes, U.S. Environmental Protection Agency, the U.S. General Services Administration, the Homeland Security Department, Western Area Power Administration, New York State Energy Research and Development Authority (NYSERDA), the U. S. Army, Staples, The Tower Companies, Whirlpool Corporation, the World Resources Institute and over 155 other environmentally friendly companies.
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 (OTCBB: 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: 973-398-8037
investorrelations@inseq.com
www.inseq.com
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