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Prater-Sterling and EarthFirst Announce Carpet Waste Agreement

Prater-Sterling’s Systems Division and environmental solution leader EarthFirst Technologies, Incorporated (OTCBB:EFTI – News) today jointly announced that the Companies have partnered to develop specialized equipment that will allow carpet waste to be processed more efficiently. By utilizing EarthFirst’s solid waste remediation technology and Prater’s extensive experience in the size reduction field, this corporate agreement will focus its energies on the reduction of carpet waste and carpet scrap materials. Once the carpet material is broken down using Prater-Sterling’s size reduction equipment, the waste will be further processed by a proprietary process developed by EarthFirst to produce renewable resources in the form of clean fuel and quality reusable ingredients. The application of the technology will be located in EarthFirst facilities to serve the industry as economical means for the disposal and reclamation of waste carpet materials. “This particular waste stream poses a significant problem and requires special attention. Through the combined efforts of Prater’s professional design and EarthFirst’s operational team, it will allow EarthFirst to complete its system for remediation of waste carpet and immediately address prevailing customer demand for this solution,” stated Leon Toups, President and CEO EarthFirst. “We are pleased to be working with the Prater-Sterling team and look forward […]

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GE Plans for Largest Desalination Plant in Africa

GE Infrastructure, Water & Process Technologies, a unit of General Electric Company (NYSE:GE – News), joined the Algerian Government, the Overseas Private Investment Corporation, and the Algerian Energy Company (AEC), in announcing plans to build Hamma Water Desalination SpA (Hamma) — Africa’s largest seawater desalination plant. Formed and funded by GE and AEC, the Hamma project is part of GE’s ecomagination effort, which is aimed at building innovative solutions to tough global problems, like water scarcity. The Hamma project will supply — 25% of Algeria’s capital city’s population — with desperately needed drinking water. “Many regions of the world face severe water scarcity, and the issue is getting worse daily,” said George Oliver, CEO, GE Infrastructure, Water & Process Technologies. “The Hamma project is at the forefront of GE’s ecomagination commitment. We look forward to working with the Algerian Government on this project that will create new sources of water for the people of Algiers and lessen demands currently placed on their limited supply of fresh, usable water.” By supplying 200,000 cubic meters (53 million U.S. gallons) of potable water a day and reducing energy and overall costs, the build-own-operate project will lessen Algeria’s water scarcity issues. Currently, the people […]

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GMC Holding Corp. Announces Alternative Energy Update

GMC Holding Corp. announced today results of internal testing and independent verification of the company’s high- efficiency electromagnetic pulse motor-generator, based upon the Company’s proprietary technology, coined REMAT(TM), an acronym for Rare Earth Magnetic Amplification Technology(TM), a trademark also owned by GMC. GMC is proud to unveil the latest embodiment of its REMAT(TM) system, comprising a unique and highly efficient design. Tests have confirmed that the Company’s design team has brought the earth’s energy full circle. The potential value of the Company’s technological achievement is enormous. The REMAT(TM) system can be built to any size and output range, with obvious applications wherever motors are used. More importantly, larger generators utilizing the Company’s REMAT(TM) system will be able to power individual homes, businesses, vehicles, etc. REMAT(TM) will contribute much needed energy to power the grids of the United States and eventually the world at a cost and efficiency heretofore not seen. GMC’s aim is to utilize the REMAT(TM) system to minimize the world’s reliance upon nuclear and fossil fuels for the production of energy. The REMAT(TM) system contains proprietary circuitry that captures a significant amount of back EMF (electromagnetic flux) that is produced during the motor’s operation. By harnessing this otherwise […]

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GreenShift Announces Debt Reduction Plan

GreenShift Corporation (OTC Bulletin Board: GSHF – News) today announced that it has received a commitment from its chairman and chief executive officer, Kevin Kreisler, for a capital contribution of $100,000 to reduce GreenShift’s debt. Under the terms of the commitment, GreenShift will receive a capital contribution of $100,000 in July 2005 that must be applied to the reduction of GreenShift’s equity-based convertible debentures. Mr. Kreisler will receive no additional equity or debt in return for the investment. “GreenShift’s plan is to reduce as much as possible of its convertible debentures out of its cash flows and with the proceeds of its investments,” said Kevin Kreisler, GreenShift’s chairman and chief executive officer. “We do not expect to realize gains on some of our investments until later this year and we are not expecting to produce any meaningful cash flows until 2006. Our plan in the meantime is to manage our cost of capital to minimize dilution as much as possible as we develop and support our portfolio companies and complete strategic investments.” “I believe very strongly in our mission and I am committed to supporting it in any way I can,” continued Kreisler. “Given my own majority equity stake in […]

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