December 18, 2008 10:31 AM Eastern Time
GreenShift Appoints CFO Edward Carroll to Additional Role as President
NEW YORK--(BUSINESS WIRE)--GreenShift Corporation (OTCBB: GERS) today announced the appointment of Edward R. Carroll to the newly created position of President, in addition to his current role as Chief Financial Officer.
Since joining GreenShift in September 2007, Mr. Carroll has played a pivotal role in building strategic partnerships, streamlining operations, and enhancing the company’s financial and reporting systems to strengthen the foundation for the next phase of the company’s growth. Mr. Carroll has over 13 years in investment banking and corporate finance. Prior to joining GreenShift, Mr. Carroll worked at Daiwa Securities in the mergers & acquisitions group. Mr. Carroll’s experience includes a number of high profile M&A transactions where he managed the entire lifecycle of the projects – from negotiating financial terms and financing the deals, to implementing change across multiple business units. He has experience in general industrial and cross-border M&A, as well as change of control transactions, corporate divestitures, recapitalizations and joint ventures. Mr. Carroll is a prior board member of the Westchester Venture Group, and holds a Bachelor of Science in Finance with a Minor in Asian Studies from Saint John's University, and an MBA in Finance from the American Graduate School of International Management (Thunderbird). Mr. Carroll also has military experience as an officer in the United States Army.
Kevin Kreisler, GreenShift’s Chief Executive Officer, said that “Ed has made a tremendous contribution during the past year with GreenShift. He has helped to streamline overhead, execute our restructuring plans, and better position GreenShift for rapid growth in the months and years ahead. He has a clear grasp of the operational needs of our technology-centric business, and he has demonstrated strong tactical skills, initiative and leadership during his short time with us. We are pleased to have him on board in his expanded role.”
Additional information regarding Mr. Carroll’s appointment is available online at www.greenshift.com and in GreenShift’s December 15, 2008 Form 8K.
About GreenShift Corporation
GreenShift Corporation develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process. GreenShift currently owns and operates six production facilities – four corn oil extraction facilities based on GreenShift’s patent-pending corn oil extraction technologies, one biodiesel production facility, and one vegetable oilseed crushing facility. Additional information is available online at www.greenshift.com.
Safe Harbor Statement
This press release contains statements that 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 its 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
Crescendo Communications, LLC
David K. Waldman or Klea Theoharis, 212-671-1020
greenshift@crescendo-ir.com |
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