Hermetia Illucens - ESYM

From EcoSystem Investor Relations
EcoSystem is not a subsidiary of GreenShift and the two companies' interaction is limited to a technology commercialization agreement. GreenShift is and will remain relentlessly focused on its extraction and biofuels platforms but will provide reasonable technology commercialization support on an arm's length basis in return for certain use rights to EcoSystem technology in fuels and energy applications. GreenShift has also granted rights to use of its bioreactor technologies to EcoSystem in applications not including fuels and energy such as chemicals and food. Glen was tapped because of his depth in technology commercialization and other highly relevant expertise and he will be building a separate EcoSystem team over time. Additional information will be provided by EcoSystem in early 2009.







I know, I know, I just said a while ago I focus on the COES, COES, COES. But how could I miss the chance to put a maggot up on the blog? Ah, I mean a Black Soldier Fly in the larval stage!

Web site is up!

http://www.eco-system.com/

EcoSystem Corporation Appoints Glen Courtright President and Chief Executive Officer
http://biz.yahoo.com/bw/081219/20081219005523.html?.v=1

SkunK Internet Research: Glen appears to be a well rounded family man with a long technical and leadership background. Good Luck Mr. Courtright.

Hobbies (vices): Long Distance Cycling, Sailing, Italian cooking, travel, and wines - and if SkunK got the right picture he plays one mean mandolin.

Military Service: USAF 1980 to 1988, USNR 1989 to present (LCDR)

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Here is a non-related site on everything about the black Soldier Fly and small scale biocomposting.

http://blacksoldierflyblog.com/bioconversion-dr_paul_olivier/

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How is this company related to Greenshift? I was afraid somebody was gonna ask that! It was fun up till now! I will try to hit some of the highlights if you promise to stay awake! The ESYM web site says they have a:

"Strategic partnership with experienced cleantech development company, GreenShift Corporation."

From the ESYM 3Q:

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6252507-44783-47855&type=sect&dcn=0001269127-08-000163

"At December 2007, we liquidated our manufacturing operation and executed a license agreement for the exclusive use of GreenShift Corporation’s patented and patent-pending bioreactor technology in applications involving certain commercial products not including fuels and energy."

AND

"As of December 31, 2007 EcoSystem’s holdings in GS Design Services, Inc. and GS Rentals, LLC were transferred to GreenShift Corporation at cost. GS Design and GS Rentals were previously consolidated with EcoSystem."

AND

On November 9, 2007, Carbonics Capital Corporation (the Company’s former parent) contributed to GreenShift’s capital 320,000 shares of common stock of EcoSystem and 919,000 shares of the Series D preferred stock of EcoSystem, representing 75% of the outstanding capital stock of EcoSystem. On December 31, 2007, GreenShift transferred its 320,000 shares of EcoSystem common stock and 921,313 shares of Series D Preferred Stock to Viridis Capital, LLC (“Viridis”), the Company’s majority shareholder, in exchange for the $500,000 reduction in the note payable by the Company to Viridis.

Hey you in the back row! Wake up! AND

500-1 reverse stock split which occurred on February 11, 2008.

AND from a recent 8-K

On December 2, 2008 EcoSystem agreed with Viridis Capital, LLC, [Owned by KevinKreisler] the holder of all of the outstanding shares of EcoSystem's Series C Preferred Stock, to exchange the outstanding Series C Preferred Stock for 400,000,000 shares of EcoSystem common stock. As of the close of business on December 4, 2008, there were 500,000,000 shares of EcoSystem common stock issued and outstanding. There was no other class of stock outstanding.

http://biz.yahoo.com/e/081205/esym.ob8-k.html

SkunK