GreenShift Corporation (OTC Bulletin Board: GSHF) today provided an
update to its shareholders regarding the status of its pending
distribution.
As previously announced, GreenShift shareholders of record as of
December 12, 2007 will receive the following distributions:
Distribution to
Distribution to
Total
Holder of One
Holder of 10,000
Distributed Shares
GreenShift Share
GreenShift Shares
GS CleanTech Corporation (OTCBB: GSCL)
20,800,000
0.104
1,040
GS Energy Corporation (OTCBB: GSEG)
1,000,000,000
5.000
50,000
GS EnviroServices, Inc. (OTCBB: GSEN)
2,000,000
0.010
100
This distribution is being made to GreenShift shareholders of record as
of December 12, 2007. However, because shares are being distributed, the
ex-dividend date for this distribution will be the date on which the
certificates are actually mailed to the shareholders.
While the distributions are currently being processed, GreenShift
expects to mail the certificates to its shareholders on or about
December 26, 2007. The exact mailing date will be announced once all
three securities are ready for distribution.
In order to retain the distribution, GreenShift shareholders of record
as of December 12, 2007 will need to hold their GreenShift shares until
the mailing date.
Any GreenShift shareholder who held shares as of December 12, 2007 but
then sells GreenShift shares between December 13, 2007 and the mailing
date will be required to deliver the distributed shares to the purchaser
when they are received. The delivery of the distributed shares will be
accomplished by the seller’s broker.
Likewise, any GreenShift shareholder that purchased GreenShift shares on
or after December 13, 2007 and then holds their GreenShift shares until
after the mailing date will be entitled to be the final recipient of the
distributed shares.
Any questions pertaining to the distribution should be emailed to
GreenShift at investorrelations@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 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 occurrence of unanticipated events or changes to future
operating results.
