BUSINESS: GreenShift Makes Announcement

GreenShift Makes Announcement
Business Wire (press release) - San Francisco,CA,USA
NEW YORK--(BUSINESS WIRE)--May 16, 2006--GreenShift Corporation (OTC Bulletin Board: GSHF) today announced its plans to release its financial results for the ...
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NEW YORK--(BUSINESS WIRE)--May 16, 2006--GreenShift Corporation (OTC Bulletin Board: GSHF) today announced its plans to release its financial results for the first quarter of 2006 later this month.

GreenShift also announced its plans to provide its shareholders with an update next week on the current status of GreenShift's recently announced transition to an operating company, as well as GreenShift's efforts to realign its public and private operations according to the following core activities in the immediate term:

-- AgriFuels: production and sales of biodiesel and ethanol.

-- Energy: production and sales of energy from distributed clean power generation facilities including solar, wind, wave and hydro power facilities, as well as sales of renewable energy and conservation credits.

-- Clean Technology: provision of clean technology engineering services and applied clean technologies designed to help companies and people use natural resources more efficiently.

-- Environmental Services: provision of diversified environmental engineering and management services, including site remediation services, regulated materials and hazardous waste management services, and environmental engineering services.

-- Advanced Applications: development and licensing of commercially viable applications of critical new clean technologies that have been demonstrated to be cost-effective on a bench scale.

About GreenShift Corporation

GreenShift's mission is to develop and support clean technologies and companies that facilitate the efficient use of natural resources and catalyze transformational environmental gains. Additional information regarding GreenShift 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.