GERS: 0.0004 +0.0001 (33.33%) - GreenShift Corporation

GERS: 0.0004 +0.0001 (33.33%) - GreenShift Corporation
GreenShift Corporation (GreenShift) develops and commercializes clean technologies that facilitate the use of natural resources. GreenShift does this by developing and integrating technologies to produce biofuel and other biomass-derived products. As of December 31, 2008, it owns four corn oil extraction facilities that are located in Oshkosh, Wisconsin, Medina, New York, Marion, Indiana and Riga, Michigan. It has also installed one facility in Albion, Michigan. It also owns a 10 million gallon per year biodiesel refinery located in Adrian, Michigan and an oilseed crushing facility in Culbertson, Montana.
http://www.greenshift.com/news.php?id=254
GreenShift Releases Shareholder Letter
On Tuesday January 19, 2010, 1:55 pm EST

NEW YORK--(BUSINESS WIRE)--Kevin Kreisler, chairman of GreenShift Corporation (OTC Bulletin Board: GERS - News), issued the following letter today to the shareholders of GreenShift:

Dear Shareholders:

The state of our company has improved since our last communication in early 2009: we shed unprofitable business lines, liquidated non-core assets, streamlined overhead, reduced debt by more than 30%, and restructured the majority of our remaining debt on more favorable terms. The ethanol industry has moved favorably: oil prices are high, corn prices are expected to be stable due to a larger than expected crop, ethanol production margins are healthy again, and the industry has the capital and the desire to invest in efficiency improvements. And, our market positioning has strengthened: we were recently awarded two patents on technology that is in high demand and is widely accepted to be the best proven path to increasing the efficiency and profitability of refining corn into fuel. We have much yet to accomplish. We have more debt to eliminate, earnings to produce and shareholder value to build. This letter is to provide an update on our plans in this regard.

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