2.1.2008: Meldung: GreenShift Corp.: Restructuring Update

GreenShift Provides Restructuring Update
Monday December 31, 8:42 am ET

NEW YORK----GreenShift Corporation today provided an update to its shareholders regarding the status of its pending distribution.

As previously announced, GreenShift shareholders of record as of December 12, 2007 will receive the following distributions:

Total Distributed Shares

Distribution to Holder of One GreenShift Share


Distribution to Holder of 10,000 GreenShift Shares
GS CleanTech Corporation (OTCBB: GSCL - News) 20,800,000 0.104 1,040
GS Energy Corporation (OTCBB: GSEG - News) 1,000,000,000 5.000 50,000
GS EnviroServices, Inc. (OTCBB: GSEN - News) 2,000,000 0.010 100

This distribution is being made to GreenShift shareholders of record as of December 12, 2007. However, because shares are being distributed, the ex-dividend date for this distribution will be the first date after the date on which the certificates are actually mailed to the shareholders. The certificates are being mailed on December 31, 2007 and the ex-dividend date will be Wednesday, January 2, 2008.

Any GreenShift shareholder who was a record shareholder of GreenShift shares on December 12, 2007 but sold GreenShift shares in a transaction that was recorded between December 13, 2007 and December 31, 2007 will be required to deliver the distributed shares to the purchaser when they are received.

Likewise, any GreenShift shareholder who became a record shareholder on or after December 13, 2007 but then sold their GreenShift shares in a transaction that was recorded prior to January 2, 2008 will be required to deliver the distributed shares to the purchaser when they are received. The delivery of the distributed shares in each case will be accomplished by the seller’s broker.

Any GreenShift shareholder that was recorded as such on or after December 13, 2007 and remained on the shareholder list through December 31, 2007 will be entitled to be the final recipient of the distributed shares.

Any questions pertaining to the distribution should be emailed to GreenShift at investorrelations@greenshift.com.

US Federal Income Taxes

Based upon the information currently available to us regarding GreenShift’s earnings and profits to date, we do not expect the distribution to be treated as a dividend for purposes of federal income tax. In that case, the value of the stock received by a GreenShift shareholder should first be applied to offset the shareholder’s tax basis in GreenShift and any remaining excess value should be treated as gain from the sale or exchange of shares in GreenShift. In the event that the closing of our books for the year reveals that a different treatment is necessary, we will issue appropriate advice to all recipients of the distribution.

About GS CleanTech Corporation

GS CleanTech Corporation develops and supports clean technologies and companies that facilitate the efficient use of natural resources. GS CleanTech"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.

GS CleanTech Corporation (OTC Bulletin Board: GSCL - News) owns majority stakes in each of GS AgriFuels Corporation (OTC Bulletin Board: GSGF - News), GS Energy Corporation (OTC Bulletin Board: GSEG - News) and GS EnviroServices, Inc. (OTC Bulletin Board: GSEN - News).

Additional information on GS CleanTech is available online at www.gs-cleantech.com and www.greenshift.com.

Contact:

GreenShift Corporation
Phone: 212-994-5374
Fax: 646-572-6336
investorrelations@greenshift.com
www.greenshift.com
or
Investor Relations:
CEOcast, Inc.
Gary Nash, 212-732-4300
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