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Sterling Select(TM) Now Available in New Jersey; Sterling Planet Offers New Jersey Way to Support Clean Electricity

Posted on: Thursday, 19 January 2006, 09:00 CST

GreenShift Corporation (OTCBB: GSHF) today announced that Sterling Planet, Inc., the nation's leading retail renewable energy provider through the sourcing and sale of renewable energy credits ("RECs") and a GreenShift portfolio company, is offering Sterling Select(TM) to New Jersey electric utility customers.

Sterling Select(TM) is a new way to support clean energy from electricity generators that use the wind, water and bioenergy to create electricity. Sterling Planet is a participant in the New Jersey CleanPower Choice Program provided by the New Jersey Board of Public Utilities and New Jersey's Clean Energy Program.

This renewable energy choice is currently available to customers of Jersey Central Power & Light Corporation (JCP&L) or Public Service Electric and Gas Company (PSE&G). Beginning April 2006, Atlantic City Electric and Rockland Electric Company customers are expected to also be eligible for participation.

As part of the state's Clean Power Choice Program, the average New Jersey home or business can support cleaner renewable electricity from mid-Atlantic sources for as little as $4 per month, or an additional fee of 1.2 cents more per kilowatt hour - and make a difference for the environment, for energy security and independence, and for sustainability. Customers choose how "green" they want to go - matching either 50% or 100% of their monthly electricity use with renewable energy.

Sterling Select(TM) consists of 33% new wind, 33% small hydro and 34% bioenergy. The bioenergy component is from landfill gas, the natural byproduct of organic decay. All this renewable energy is from the mid-Atlantic region, including Pennsylvania, New Jersey and Maryland.

"Sterling Planet is pleased to offer a new, clean renewable energy blend to consumers living and working in New Jersey," said Mel Jones, Sterling Planet CEO and President. "We welcome this opportunity to offer customers in the state a way to support regionally produced energy."

The New Jersey Clean Power Choice Program is the first statewide program of its kind where multiple utilities and clean power marketers participate in a joint effort with the state to give consumers access to the regional market for renewable energy.

Sterling Select(TM) meets strict environmental standards and has earned certification from the Environmental Resources Trust (www.ert.net), a nonprofit organization based in Washington, D.C.

To enroll for Sterling Select(TM), residential and small business customers can visit the Sterling Planet web site at www.SterlingPlanet.com or call 1-877-457-2306.

About the New Jersey Clean Energy Program

New Jersey's Clean Energy Program, established on January 22, 2003 in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the State's residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers' energy bills and reducing environmental impacts. The program is authorized and overseen by the New Jersey Board of Public Utilities (BPU), and its website is www.njcleanenergy.com.

About Sterling Planet

Sterling Planet is the nation's leading retail provider of solar, wind and other clean, renewable energy through direct sales and electric utility partnerships. Sales to date have created environmental benefits comparable to not driving 5.7 billion miles or taking 460,000 cars off U.S. roads. Founded in 2000, Sterling Planet was the first company to offer renewable energy credits to every U.S. home and business as a way to support sustainable energy production that benefits the environment, the economy and society in general. Today, Sterling Planet has 28 utility partners nationwide in Connecticut, Florida, Massachusetts, New Jersey, New York, Rhode Island and elsewhere. The company is also exploring emerging clean energy markets, maintaining a focus on businesses, universities and clients seeking LEED credits for green building certification. www.sterlingplanet.com.

About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GSHF) is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.

BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding. GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. Additional information regarding GreenShift Corporation is available online at www.greenshift.com.

Safe Harbor Statement

This press release contains statements, which 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, 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: Business Wire

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