INSEQ Launches New Green Products Online Marketplace Thursday March 2, 11:39 am ET
NEW YORK--(BUSINESS WIRE)--March 2, 2006--INSEQ Corporation (OTC Bulletin Board: INSQ - News) today announced the launch today of its new online green products marketplace at www.inseq.com.
INSEQ's business model is to directly facilitate the more efficient use of natural resources including metals, chemicals, fuels and plastics. INSEQ achieves this by manufacturing and selling equipment and products based on proprietary green technologies and processes designed to help people and companies to reduce waste and use virgin natural resources more efficiently.
Kevin Kreisler, INSEQ's chairman, said that "INSEQ launched its initial version today of what we hope will evolve into a central clearinghouse for innovative green products developed by INSEQ and its sister companies in the GreenShift family of companies. We are very excited by this and we look forward to the continued evolution of this platform."
The initial products available on the store include INSEQ's Air Cycle Corporation Bulb Eater® product line and EasyPak(TM) Recycling Program, and TerraPass, Inc.'s renewable energy credits ("RECs").
Lamp and Lighting Products Recycling
Air Cycle's EasyPak(TM) Recycling Program is offered as an alternative for customers who generate spent lamps, batteries, and/or ballasts and cannot meet Air Cycle's quantity minimums for bulk pick-ups. Small shipments are instead shipped through pre-paid FedEx Ground transportation services. The program is simple, requires little paperwork, and is a practical option for facilities nationwide.
Air Cycle's Bulb Eater® product line crushes spent fluorescent lamps into small fragments and compacts them into 55-gallon containers. This greatly improves storage of the lamps, handling, safety/liability issues, and recycling costs. The units are complete with filtration systems to help ensure both OSHA and EPA compliance, even for facilities disposing of large quantities of lamps. Air Cycle's Bulb Eater® products have been mentioned on the front page of the Wall Street Journal and numerous other publications and in use today at many small and large companies, schools, hospitals, military bases, and government agencies.
Renewable Energy Credits
Started by a class at Wharton Business School in October, 2004, TerraPass is the country's leading carbon offset marketer. TerraPass empowers its customers to combat global warming by mitigating CO2 emissions through easy, affordable and effective action. Customers purchase a small decal - a TerraPass - which is placed on a car's windshield and signifies that the owner has funded renewable energy projects that reduce the same amount of CO2 their car emits on an annual basis. Drivers pay according to how much gas they use - from $29.95 a year for hybrids up to $79.95 for an SUV. TerraPass channels the sticker price into three types of projects: clean energy (such as wind power), greenhouse abatement projects (such as landfill capping), and industrial efficiency projects through Chicago Climate Exchange. All of TerraPass' transactions are third-party verified by the non-profit Center for Resource Solutions.
Future Products
INSEQ plans to roll-out additional products and equipment on the new INSEQ Store as they become available from other GreenShift companies, including products based on Veridium Corporation's (OTC Bulletin Board: VRDM - News) clean fuel and Tornado Generator(TM) technologies, Aerogel Composite, Inc.'s specialty carbon aerogel based catalysts for fuel cell, ultracapacitor and emissions control applications, Sterling Planet, Inc.'s renewable energy credits, Mean Green BioFuels Corporation's biodiesel products, and Ovation Products Corporation's water purifier.
INSEQ, Veridium, Aerogel, Sterling Planet, TerraPass, Mean Green BioFuels and Ovation Products are all portfolio companies of GreenShift Corporation (OTC Bulletin Board: GSHF - News), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
About INSEQ Corporation
INSEQ Corporation is a publicly traded company whose mission is to directly facilitate the efficient utilization of natural resources including metals, chemicals, fuels and plastics. More information on INSEQ is available online at www.inseq.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 INSEQ 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 statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Contact:
Investor Relations INSEQ Corporation Phone: 888-833-8689 - Extension 291 Fax: 646-792-2636 Email: investorrelations@inseq.com Web: www.inseq.com or CEOcast, Inc. for INSEQ Corporation Ed Lewis, 212-732-4300 |