• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Sterling Planet Appoints GreenShift CEO to Board of Directors

Posted on: Wednesday, 15 March 2006, 12:00 CST

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, today announced the appointment of Kevin Kreisler, chairman and chief executive officer of GreenShift Corporation (OTC Bulletin Board: GSHF) to Sterling Planet's board of directors.

Sterling Planet is the nation's leading retail renewable energy provider through the sourcing and sale of renewable energy certificates (RECs). RECs, or green tags, enable retail residential and non-residential consumers to purchase green, or environmentally friendly, energy through their existing utility and offset reliance on power generated from fossil fuel sources. RECs represent all of the positive environmental attributes of renewable power generation from sources such as solar, wind and organic bioenergy power and can be purchased and used by consumers regardless of whether or not their local utility has access to green power generation.

Sterling has sold over 4 billion kilowatt hours of renewable energy since its inception, representing enough energy to power 350,000 homes for a full year and offset 2.6 million tons of carbon dioxide. Sterling is also the nation's leader in partnering with electric utilities and businesses to market or supply renewable energy. Currently, Sterling has 28 utility partners nationwide in states such as Florida, Massachusetts, New York, Connecticut, New Jersey and Rhode Island. Sterling currently services an impressive array of clients including Alcoa, The Coca-Cola Company, DuPont, Delphi Corporation, Duke University, University of Utah, Nike, Pitney Bowes, U.S. Environmental Protection Agency, the U.S. General Services Administration, the Homeland Security Department, Western Area Power Administration, New York State Energy Research and Development Authority (NYSERDA), the U. S. Army, Staples, Whirlpool Corporation, the World Resources Institute and over 150 other environmentally friendly companies.

Mr. Kreisler has over fifteen years of diversified business experience specifically including the operation of publicly-traded companies. Mr. Kreisler is currently the Chairman of the Board and Chief Executive Officer of GreenShift Corporation, and he serves as Chairman of the Board and Chief Executive Officer of Veridium Corporation, INSEQ Corporation, Enviro-Sciences Corporation, and General Ultrasonics Corporation. Mr. Kreisler is also a member of the board of directors of Ovation Products Corporation, Aerogel Composite, Inc., and TerraPass, Inc. Mr. Kreisler served as Veridium's vice-president from 1998 to 2000, president from 2000 to 2002, and chief executive officer from 2002 to February 2005. Mr. Kreisler is a graduate of Rutgers University College of Engineering (B.S., Civil and Environmental Engineering, 1994), Rutgers University Graduate School of Management (M.B.A., 1995), and Rutgers University School of Law (J.D., 1997). Mr. Kreisler is admitted to practice law in New Jersey and the United States District Court for the District of New Jersey.

"Kevin has proven himself to be a true partner and he is a welcome addition to our board of directors," said Sonny Murphy, Chairman of Sterling Planet, Inc., "We believe that his insights and experience in our target markets will play a important role in our ongoing development and we look forward to building Sterling Planet with his involvement."

"Sterling Planet's management team has consistently demonstrated strong results by bringing clean energy to many people, businesses and government institutions," said Kevin Kreisler. "With an impressive array of existing clients and rapidly growing sales, Sterling Planet is making a valuable and timely contribution to the increased use of clean energy in America and I am proud to have the opportunity to add to their continued success."

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 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

More News in this Category