GSHF - .137 x .15
GreenShift CEO Purchases 3.1 Million Shares of Common Stock; Executive To Return Shares to Company's Treasury Effective September 30th
Business Wire - September 06, 2005 09:15
MOUNT ARLINGTON, N.J., Sep 06, 2005 (BUSINESS WIRE) -- GreenShift Corporation (OTCBB:GSHF) today announced that its chairman and chief executive officer, Kevin Kreisler, purchased 3.1 million shares of GreenShift common stock and has filed Form 4 with the Securities and Exchange Commission. In addition, Mr. Kreisler has agreed to surrender the shares to GreenShift, for retirement, effective September 30, 2005.
About GreenShift Corporation
GreenShift Corporation is 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.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.
GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
-- Veridium Corporation (OTC Bulletin Board: VRDM - News);
-- INSEQ Corporation (OTC Bulletin Board: INSQ - News);
-- GreenWorks Corporation;
-- GreenShift Industrial Design Corporation;
-- Coriolis Energy Corporation;
-- TDS (Telemedicine), Inc.;
-- Ethanol Oil Recovery Systems, Inc.;
-- Sterling Planet, Inc.; and,
-- Ovation Products Corporation.
In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006.
Additional information regarding GreenShift Corporation is available online at www.greenshift.com.
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 GreenShift Corporation and Ovation Products 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: GreenShift Corporation
GreenShift Corporation
Jim Grainer, 973-398-8183
Fax: 973-398-8037
investorrelations@greenshift.com
www.greenshift.com
or
CEOcast, Inc. for GreenShift Corporation
Ed Lewis, 212-732-4300
elewis@ceocast.com
Copyright Business Wire 2005 |
