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GreenShift Introduces the Water Purifying Appliance at ValueRich Conference
- BusinessWire
MOUNT ARLINGTON, N.J., Sep 14, 2005 (BUSINESS WIRE) -- GreenShift Corporation today announced its plans to display Ovations water purifying appliance at the ValueRich Small Cap Conference & Exposition Sept 14 and 15, 2005 at the Jacob Javits Center, NY, NY (www.javitscenter.com).
Ovation is a development stage company with patented and proprietary technologies involving new implementations of vapor compression distillation. Ovation has invested over $9 million developing technology that offers dramatic price and performance advantages over competing clean water technologies.
The appliance produces 25 gallons per hour of distilled water, which is of the highest quality and a flow that exceeds the average home water consumption. The unit is about the size of a fire hydrant and is plugged into a household electrical outlet. The purified water is produced for about $.004 per gallon.
GreenShift Corporation has an equity stake in the company and GreenShift Industrial Design Corporation (" GIDC" ), a wholly owned GreenShift portfolio company, has a license agreement for the technology in a wide array of applications.
David Winsness, chief executive officer of GIDC explains, " I am very excited about the appliance sized unit. My professional career has involved using these distillation principles but on an industrial scale where flows can exceed 12,000 gallons per hour. The thermodynamic principles are concrete and actually surpass those used on industrial scales. The ability to package this extremely efficient device on a residential scale is a major achievement. This technology complements other GreenShift break through technologies."
Winsness adds, " I believe it is clear that GreenShift is not only investing in great technologies, but also is marring technologies together that are synergistic. For example, this Ovation Water purifier cleans water to an ultra pure level by separating the clean water from the impurities. The impurities can be concentrated mechanically using techniques such as the Mean Green(TM) centrifuge technology also a GreenShift portfolio company. Lastly, the concentrated sludge can be economically converted to a dry energy pellet through the use of the Tornado Generator a third GreenShift portfolio company. I am excited to have Ovation represented at the Jacob Javits Center and look forward to further discussing its capabilities with the public."
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 ;
-- INSEQ Corporation ;
auch nicht vergessen-- GreenWorks Corporation;
-- Mean Green BioFuels Corporation;
-- Ethanol Oil Recovery Systems;
-- GreenShift Industrial Design Corporation;
-- Coriolis Energy Corporation;
-- TDS (Telemedicine), Inc.;
-- Sterling Planet, Inc.;
-- Ovation Products Corporation;
-- TerraPass Inc.
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 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
Alles nur meine Meinung/Totalverlust nicht ausgeschloßen
Grins u. Grüße
