Stakes in Sterling Planet and TerraPass Make a Shift

New York [] In an internal sale, INSEQ (a GreenShift company), agreed to acquire GreenShift’s stakes in Sterling Planet and TerraPass and 100% of the issued and outstanding stock of GreenShift’s newly formed pre-revenue clean energy project development companies, GS Solar, Inc., GS Wind, Inc., GS Hydro, Inc., and GS Wave, Inc., in return for 450,000 shares of INSEQ’s Series C Preferred Stock. These shares are in addition to GreenShift’s existing 80% stake in INSEQ. INSEQ will change its name to GS Energy Corporation in conjunction with the closing of this acquisition, which is scheduled for on or before June 30, 2006.
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