EnviroSafe Executes Field Services Agreement
2006-03-13 12:20 ET - News Release
Also News Release (U-VRDM) VERIDIUM CP
SANDWICH, Mass. -- (Business Wire) -- March 13, 2006
EnviroSafe Corporation today announced its execution of
an agreement to provide environmental remediation and consulting
services to a national printing company at their property in Ohio.
EnviroSafe is a subsidiary of Veridium Corporation (OTC Bulletin
Board: VRDM), a publicly traded industrial waste recycling company
that holds the rights to more than a dozen proprietary universal
processing, water purification, emissions control and waste recycling
technologies.
Lead, chlorinated and non-chlorinated solvents, and oil based
chemicals have been historically used at the site and a subsurface
release of chlorinated solvents and breakdown compounds has been
documented by EnviroSafe in both the soil and the groundwater.
Under the terms of the agreement, EnviroSafe will manage the
relevant Comprehensive Environmental Assessment activities through the
Ohio Voluntary Action Program (VAP) in accordance with Ohio
Administrative Code (OAC), after which EnviroSafe will design and
implement remedial options to clean the soil and groundwater at the
site.
The new agreement is expected to result in about $750,000 in
revenue and help to establish an increased presence for EnviroSafe in
the mid-western market.
Paul Connors, EnviroSafe's vice president of field services, said
that "our field services group was already off to a strong start this
year and we are on track to generate about $15.0 million in revenue
this year. We are excited by the new agreement and look forward to
continued growth."
About EnviroSafe Corporation
EnviroSafe is a diversified industrial and hazardous waste
management and environmental services company that specializes in
providing its clients with the following cost-effective and
environmentally friendly management services:
-- Transportation and distribution of industrial and hazardous
wastes;
-- Remediation and industrial cleaning projects;
-- Engineering and consulting services; and,
-- Environmental, health and safety compliance.
Headquartered in Sandwich, Massachusetts, EnviroSafe operates out
of four strategically located service centers including its RCRA Part
B Permitted Treatment, Storage and Disposal facility ("TSDF").
Veridium is about 70% owned by GreenShift Corporation (OTC
Bulletin Board: GSHF), a publicly traded business development company
whose mission is to develop and support companies and technologies
that facilitate the efficient use of natural resources and catalyze
transformational environmental gains.
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.
Contacts:
Veridium Corporation
Investor Relations, 888-870-9197 ext. 291
Fax: 646-792-2636
investorrelations@veridium.com
www.veridium.com
or
CEOcast, Inc. for Veridium
Ed Lewis, 212-732-4300
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