GreenShift Consolidates Its Portfolio

Upon completing the transactions, GreenShift plans to issue a dividend of its newly acquired stakes.GreenShift today announced plans to transfer two wholly owned portfolio companies, GreenShift Industrial Design and Tornado Trash, to Veridium, a company in which GreenShift owns a 60% equity stake. In exchange for the transfers, which are expected to be completed in early 2006, Greenshift will receive additional capital stock equal to about 10% of Veridium.

Following the completion of these and other transactions, GreenShift plans to issue a dividend of its newly acquired 10% stake to shareholders. Headquartered in mount Arlington, GreenShift (Nasdaq OTC: GSHF) is a development stage company that focuses on the engineering and marketing of environmentally sensitive manufacturing processes. Shares of the company surged 15.54%, or $0.0152, to $0.113 in afternoon trading.