Buffalo, NY 11/15/2009 3:20:00 AM
News / Business

GreenShift (OTCBB: GERS) Grants Non Exclusive Licenses to Ethanol Producers

GreenShift Corporation (OTC Bulletin Board: GERS) 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.

 

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GreenShift’s business model is based on feedstock ownership and margin protection. A sustainable mining business requires a cost-effective and reliable source of ore; a sustainable petrochemical refinery requires a cost-effective and reliable source of petroleum; and a sustainable biofuels business requires a cost-effective and reliable source of feedstock. GreenShift does not sell equipment based on its technologies, nor does it provide services based on its technologies, nor does it license its technologies in any conventional way. Instead, the company generates income by granting non-exclusive, site-specific licenses to ethanol producers (each, a “Licensee”) for the use of its extraction technologies in return for the right to purchase the extracted oil for the life of the use of the technology at a rate indexed to diesel fuel. GreenShift’s plan from inception of its commercialization of our extraction technologies has been to generate income and shareholder value by purchasing the extracted oil from Licensees, refining the extracted oil into biofuel, and selling the corn oil derived biofuel for use in lieu of fossil fuels. The Company also plans to sell the extracted oil to third-party biofuel producers until its Licensees are producing sufficient volumes of extracted oil to justify the capital and operating costs of a biofuel refinery.

 

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