DirectView Completes Acquisition of GS Carbon

DirectView, Inc. recently announced the completion of its acquisition of 100% of the stock of GS Carbon Trading, Inc. (“GS Carbon”), from GS Energy Corporation in return for the issuance to GS Energy of about 85% of DirectView’s issued and outstanding stock.

GS Carbon is a recently formed development stage company that was founded to facilitate de-carbonization in ways that cost-effectively capitalize on the evolving carbon markets.

“GS Carbon’s chief goal is to affect reductions in the carbon intensity of energy consumption,” said Kevin Kreisler, GS Carbon’s chairman and chief executive officer. “Initially, we plan to achieve this through our investments in and ongoing support of Sterling Planet and TerraPass and their trading and sales of renewable energy certificates, energy efficiency certificates, as well as other similar attributes that represent the positive environmental attributes of reduced carbon emissions. Our expectation is that a public posture will enhance the growth and development of Sterling’s trading business and GS Carbon’s other planned initiatives. We are excited by this transaction and we look forward to making a significant contribution to reducing carbon emissions.”

GS Carbon owns about 10% of Sterling Planet, Inc., the nation’s leading retail renewable energy provider, and about 10% of TerraPass, Inc., which company provides a service that aids in eliminating personal vehicle contributions to global warming.

Sterling has established a strong reputation as the premier market maker for renewable energy sales. 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 Planet 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 companies.

About GS Energy Corporation

GS Energy Corporation is a development stage company whose mission is to facilitate the more efficient use of traditional sources of energy and the increased production and use of renewable sources of energy. GS Energy is about 80% owned by GreenShift Corporation, a company devoted to facilitating the efficient use of natural resources