BUSINESS: Veridium Makes Announcement

Veridium Makes Announcement
Business Wire (press release) - San Francisco,CA,USA
Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), whose mission is to develop and support companies and technologies that ...

NEW YORK--(BUSINESS WIRE)--May 16, 2006--Veridium Corporation (OTC Bulletin Board: VRDM) today announced its plans to release its financial results for the first quarter of 2006 later this month. Veridium also plans to provide its shareholders with an update next week on the status of Veridium's new ethanol technology sales, as well as Veridium's other technology development and acquisition plans.

Veridium is about 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.

About Veridium Corporation

Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.

Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:

-- Reduce the volume of waste generated by residential and commercial consumers;

-- Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and,

-- Increase the cost-efficiency of processing certain types of industrial wastes.

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 Veridium 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.