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 first date after the
date on which the certificates are actually mailed to the shareholders.
The certificates are being mailed on December 31, 2007 and the
ex-dividend date will be Wednesday, January 2, 2008.
Any GreenShift shareholder who was a record shareholder of GreenShift
shares on December 12, 2007 but sold GreenShift shares in a transaction
that was recorded between December 13, 2007 and December 31, 2007 will
be required to deliver the distributed shares to the purchaser when they
are received.
Likewise, any GreenShift shareholder who became a record shareholder on
or after December 13, 2007 but then sold their GreenShift shares in a
transaction that was recorded prior to January 2, 2008 will be required
to deliver the distributed shares to the purchaser when they are
received. The delivery of the distributed shares in each case will be
accomplished by the seller’s broker.
Any GreenShift shareholder that was recorded as such on or after
December 13, 2007 and remained on the shareholder list through December
31, 2007 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.
US Federal Income Taxes
Based upon the information currently available to us regarding GreenShift’s
earnings and profits to date, we do not expect the distribution to be
treated as a dividend for purposes of federal income tax. In that case,
the value of the stock received by a GreenShift shareholder should first
be applied to offset the shareholder’s tax
basis in GreenShift and any remaining excess value should be treated as
gain from the sale or exchange of shares in GreenShift. In the event
that the closing of our books for the year reveals that a different
treatment is necessary, we will issue appropriate advice to all
recipients of the distribution.
About GS CleanTech Corporation
GS CleanTech Corporation develops and supports clean technologies and
companies that facilitate the efficient use of natural resources. GS
CleanTech's ambition is to catalyze the rapid realization of disruptive
environmental gains by creating valuable opportunities for a great many
people and companies to use resources more efficiently and to be more
profitable.
GS CleanTech Corporation (OTC Bulletin Board: GSCL) owns majority stakes
in each of GS AgriFuels Corporation (OTC Bulletin Board: GSGF), GS
Energy Corporation (OTC Bulletin Board: GSEG) and GS EnviroServices,
Inc. (OTC Bulletin Board: GSEN).
Additional information on GS CleanTech is available online at www.gs-cleantech.com
and 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 GS CleanTech 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.
