NEW YORK, Nov 12, 2007 (BUSINESS WIRE) -- Kevin Kreisler, chairman and chief executive officer of GreenShift Corporation, issued a letter to the shareholders of GreenShift and its subsidiaries on November 9, 2007 that provided an update on GreenShift's restructuring and recent growth.

This announcement is to provide an outline of the specific impact of the steps taken to accelerate the completion of GreenShift's restructuring on the shareholders of GREENSHIFT CORPORATION (GSHF).

Additional detailed background and other information pertaining to the disclosures that follow are provided in GreenShift's November 9, 2007 shareholder letter, which was filed with the Securities and Exchange Commission on a Form 8K by GreenShift and its subsidiaries and will be available on the SEC's EDGAR website the morning of November 13, 2007. The letter is currently available on GreenShift's website at www.greenshift.com.

IMPACT ON GREENSHIFT SHAREHOLDERS

-- Cancellation of Pending Mergers

The two previously announced GS AgriFuels - GS Energy and GreenShift - GS CleanTech mergers were canceled as of November 9, 2007.

-- Transfer of GS AgriFuels and GS Energy to GS CleanTech

On November 9, 2007, GreenShift transferred its 60% stake in GS AgriFuels and 80% stake in GS Energy to GreenShift's 80% owned GS CleanTech. GreenShift received no consideration in return for these transfers to GS CleanTech.

-- Distribution of GS EnviroServices and GS Energy Shares to GreenShift Shareholders

GreenShift will distribute 2,000,000 shares of its common stock in GS EnviroServices and 1,000,000,000 shares of common stock in GS Energy to the minority shareholders of GreenShift. These distributions will be completed as soon as possible but in any event within the next 45-60 days.

-- Distribution of GS CleanTech Shares to GreenShift Shareholders

GreenShift will convert out of its preferred stock in GS CleanTech into GS CleanTech common stock and then distribute 100% of its 80% stake in GS CleanTech on a pro-rated basis to all of GreenShift's shareholders. This distribution will be completed as soon as possible after GS CleanTech's pending 1:50 reverse stock split becomes effective, which is hoped to be within about 45-60 days.

-- GreenShift's Holdings After These Transfers and Distributions

GreenShift will cease to have any direct ownership interest in GS CleanTech, GS Energy, GS AgriFuels or GS EnviroServices at the conclusion of the above transfers and shareholder distributions, but will retain its 80% stake in GS CleanTech until these shares can be distributed to GreenShift's shareholders - i.e., as soon as possible after GS CleanTech's reverse stock split becomes effective.

-- Amount and Current Value of The Shares That Will Be Distributed To GreenShift Shareholders

The holders of GreenShift stock as of the record date for each of the GS EnviroServices, GS Energy and GS CleanTech distributions will receive shares in each company based on the number of shares owned in GreenShift as of the applicable record date. A holder of 10,000 shares GreenShift common stock as of the record date for each distribution will receive the equivalent of about 50,200 (pre-split) shares of GS CleanTech, 50,000 shares of GS Energy and 100 shares of GS EnviroServices.

The following chart shows the total value of these distributions to a holder of 10,000 shares of GreenShift common stock at recent market prices as if the distributions were each completed today; the GS CleanTech shares are shown on a pre- and post-split basis:

                                   Distributed Shares
Impact of         ----------------------------------------------------
 Distributions to
 GreenShift
 Shareholders     GreenShift GS CleanTech GS Energy  GS EnviroServices
----------------- ---------- ------------ ---------- -----------------
Pre-Split Shares      10,000       50,200     50,000               100
 Current Market
  Price Per Share $   0.0280 $     0.0080 $   0.0005 $          0.1100
 Current Market
  Value           $   280.00 $     401.60 $    25.00 $           11.00
Share Amounts as
 if After
 Completion of
 1:50 GS
 CleanTech
 Reverse Split        10,000        1,004     50,000               100

Note that specific current financial data and other relevant disclosures for each of GS CleanTech, GS AgriFuels, GS EnviroServices and GS Energy are available in each company's periodic securities filings, which can be found online on the SEC website.

Additional disclosures regarding each of GS CleanTech, GS AgriFuels, GS Energy and GS EnviroServices and the specific impact of GreenShift's restructuring on the shareholders of each company are available on separate shareholder disclosures made by each company today, which additional disclosures are available online at www.greenshift.com.

About GreenShift Corporation

GreenShift Corporation develops and supports clean technologies and companies that facilitate the efficient use of natural resources. GreenShift's ambition is to catalyze the rapid realization of disruptive environmental gains by creating valuable opportunities for a great many people and companies to use resources more efficiently and to be more profitable. Additional information on GreenShift is available online at www.greenshift.com.

GreenShift currently owns 80% of GS CleanTech Corporation (GSCT), which company now holds majority stakes in each of GS AgriFuels Corporation (GSGF), GS Energy Corporation (OTC Bulletin Board: GSEG) and GS EnviroServices, Inc. (GSEN).

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation, GS CleanTech Corporation, GS AgriFuels Corporation, GS Energy Corporation and GS EnviroServices, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

SOURCE: GreenShift Corporation

CONTACT:          GreenShift Corporation