October 2005

GreenShift to produce BioFuels™

Mount Arlington, NJ— GreenShift Corporation announced the formation of Mean Green BioFuels Corporation (“Mean Green™”), a development-stage company that has acquired the rights to a new patent-pending technology for the conversion of corn oil into biodiesel fuels.

Mean Green™ intends to finance, build and operate a 30 million gallon biodiesel fuel production facility on the eastern seaboard of the U.S. Mean Green™ plans to site its new facility in the middle of a highly industrialized geography that has not historically had access to cleaner burning fossil fuel alternatives. Mean Green™ also plans to invest in additional biofuels production facilities and diesel blending facilities.

Recently cited by President Bush as “one of our nation’s most promising alternative fuel sources,” biodiesel can be blended at any level with petroleum diesel to create a biodiesel blend, it can be used in diesel engines with little or no modifications and it is biodegradable, nontoxic, and essentially free of sulfur and aromatics.

Over 37 billion gallons of petroleum diesel are used for domestic transportation each year in the U.S. The total demand for diesel fuel approaches 50 billion gallons per year when construction, farming and other off-road uses are considered. The current production of biodiesel in the U.S is about 30 million gallons per year.

Mean Green™ is 51% owned by the inventor, Cantrell Winsness Technologies, LLC (“CWT”), and 49% owned by GreenShift.

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