Debt Restructure PR

" . . . an estimated 20% of the U.S. ethanol industry is using GreenShift’s patented and patent-pending extraction technologies today without a license, and GreenShift believes that the majority of the ethanol industry will license GreenShift technology over the coming years given the significant benefits to ethanol producers."

"We plan to provide important additional updates in this regard over the next 30-60 days, but the restructuring of the Senior Loans was and is a critical part of our plans."
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Kreisler added: “Being first at anything can be expensive. This was certainly the case for GreenShift, but we were able to develop and protect a strong intellectual property position with a portfolio of technology that was devised and is proven to deliver powerful competitive advantages to the renewable fuels industry – increased sustainability, reduced cost, reduced energy, and reduced carbon, all by integrating our technologies into the industry’s existing production assets.”

GreenShift’s extraction technologies increase biofuel yields per bushel of corn by 7% while reducing the energy and greenhouse gas (GHG) intensity of corn ethanol production by more than 21% and 29%, respectively. These benefits correspond to increased ethanol producer income of about $0.08 to $0.12 per gallon of ethanol produced at current market prices, and can be realized for less than 10% of the capital cost of the host ethanol plant. Further, the reduction in carbon emissions from use of GreenShift’s corn oil extraction technologies can be expected to benefit ethanol producers under the pending new EPA regulations.

Moving Forward

“Our chief goal for 2010 is to support the integration of our patented extraction technologies into as much of the U.S. ethanol fleet as possible,” said Kreisler. “This will be accomplished with a combination of licensing, prosecution of unlicensed use of our extraction technologies, and strategic partnerships with providers that have the capital resources needed to build new extraction facilities. We plan to provide important additional updates in this regard over the next 30-60 days, but the restructuring of the Senior Loans was and is a critical part of our plans. The reduced interest rate of the Senior Loans will allow us to save about $3 million per year and to raise additional capital to grow our business. YA Global has always been a solid partner and we are thankful to have their continued support as we use our technologies to build value for our shareholders and clients.”

REST Of ARTICLE

http://www.benzinga.com/press-releases/b58999/greenshift-and-ya-global-enter-into-restructuring-agreements

8-K Debt Restructure
http://www.greenshift.com/pdf/GERS_Form_8K_YAGI_Restructuring_12-9-09.pdf

SkunK