Veridium Receives Order for Tornado Generator Technology.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Veridium Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : VRDM) today announced its receipt of an order from a petrochemical company for the use of Veridium's patented Tornado Generator(TM) technology. While the terms of the order and the specific details are required by Veridium's client to remain confidential, the technology will be generally used to enhance the operating efficiency and reduce the environmental impact of conventional oil extraction and refining operations. Veridium expects that this order is a prelude to more orders from this client for numerous additional Tornado Generator(TM) systems that are designed for this application. Veridium has granted exclusive right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. manufacturing rights to INSEQ Corporation (OTC Bulletin Board: INSQ) for the manufacturing of the equipment required to implement Veridium's technologies. INSEQ is expected to manufacture the current Tornado Generator(TM) system in addition to Veridium's eight previously announced Corn Oil corn oil n. A pale yellow liquid obtained from the embryos of corn grains, used especially as a cooking and salad oil and in the manufacture of margarines. Noun 1. Extraction Systems(TM) and two DAF Recycling Systems(TM) over the course of this year. Veridium and INSEQ are respectively 70% and 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF) whose mission is to develop and support clean companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains. About Veridium's Tornado Generator(TM) Veridium's Tornado Generator(TM) accelerates compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. to supersonic speeds in a closed cyclonic chamber where the air is powerful enough to almost instantly grind, flash desiccate des·ic·cate v. To dry thoroughly; render free from moisture. desiccate (des´ikāt), n to dry by chemical or physical means; e.g. and atomize solid and liquid wastes and other materials into micron sized powders. The Tornado Generator(TM) is a completely contained system with no internal moving parts Moving parts are the components of a device that undergo continuous or frequent motion, most commonly rotation. "Parts" only include the mechanical components which does not include fuel, or any other gas or liquid. that is powered by compressed air. It can safely and cost-effectively and rapidly process a very broad array of wastes including agricultural wastes, municipal wastes, industrial wastes, and construction and demolition wastes Construction and demolition waste (C&D waste) includes all wastes arising from construction/building industries, demolition or directly, to man or the environment [1]. . In its most basic mode of operation, the Tornado Generator(TM) can be used to dramatically reduce the volume of targeted wastes by about 90%, as well as the associated transportation and disposal costs. Pictures and video of Veridium's Tornado Generator(TM) are available online at www.veridium.com. About Veridium Corporation Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification  It has been suggested that , , and be merged into this article or section. , emissions control Emissions control may refer to:
Veridium's business model is based on the engineering and marketing of green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste. Veridium's mission is to deliver consumer oriented Natural Solutions(TM) based on an array of green technologies and applied engineering expertise that reduce waste at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals: --Reduce the volume of waste generated by residential and commercial consumers; --Increase the convenience and decrease the cost of recycling by residential and commercial consumers; and, --Increase the cost-efficiency of processing certain types of industrial wastes. Veridium is about 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains statements, which 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Veridium 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. |
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