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NOTICIÓN VRDM, jod** SIIIIIIIIIIIIIIIIIIIIII

 

 

Veridium Provides Update on Ethanol By-Product Recovery Technology Sales

 

NEW YORK, May 25, 2006 (BUSINESS WIRE) --

Veridium Corporation (OTC Bulletin Board: VRDM) today announced an update on its sales efforts for its ethanol by-product recovery technology.

 

Veridium's patent-pending Corn Oil Extraction System can remove up to 75% of the corn oil from an ethanol processing by-product called distillers dried grain ("DDG") in two stages. The first stage extracts 1.2 to 1.5 million gallons per year and corresponds to about 30% of the corn oil in the DDG for a 50 million gallon per year facility. The second stage of this technology recovers another 30% to 45% of the corn oil in the DDG, corresponding to another 1.2 to 2.2 million gallons of corn oil per year out of a 50 million gallon per year ethanol facility.

 

Veridium's pricing model for these systems is based on the provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices. Each first stage system can be expected to generate in excess of $1.4 million in annualized revenues, and each second stage system can be expected to generate in excess of $1.6 million in additional annualized revenues.

 

Veridium has executed letters of intent for a total of 11 first stage systems and 7 second stage systems. The next steps for each of these systems is to execute final agreements for the systems and to deploy the systems at the client facilities. In addition, Veridium is currently working on going directly to contract on another 3 first stage systems and 3 second stage systems.

 

Veridium has granted exclusive right of first refusal manufacturing rights to INSEQ Corporation (OTC Bulletin Board: INSQ) for the manufacturing of Veridium's patent-pending Corn Oil Extraction Systems.

 

INSEQ and Veridium are respectively 80% and 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.

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Ahi vamos Tupor, con pie firme

 

la verdad q con todo lo q se sabe de esta empresa tendria q estar mucho mas arriba y no a estos precios tirados, tiene un futuro cojonudo junto a INSQ pero parece q quieren ir poco a poco y q esto no se desboque, pero c*** q tampoco se unda :cry1:

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mas la vale cerrar hoy en verde, sino esto es un sinsentido :cry1:

 

El tema de energías renovables está algo frio... con las noticias, se calienta, pero a los pocos días vuelven donde estaban. Yo creo que esto a la larga (algunos meses) debe ser perjudicial. Espero que el sector en general se caliente de verdad!!!

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