Incode's core focus during 2005 has since been the
completion of its restructuring plans to best position the Company for growth.

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MOUNT ARLINGTON, N. A new Employment Policies Institute (EPI) study looks at the
potential labor market consequences of health insurance mandates with which
many state legislatures are experimenting as a solution to reducing the number
of the nation's uninsured.

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"As a business development company ,
GreenShift's chief goal is to enhance its own value by helping to drive the
value of its portfolio companies.com. Study Finds Low-Skill Employees and Minorities Hit
Hardest by Job Loss Under Mandated Health Coverage

BOSTON, Low-skill employees could see dramatic job
loss from a health insurance mandate under consideration in the Massachusetts
legislature .

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"

About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was
formed to acquire, develop and commercialize eBusinesses with integrated on --
and offline operations. Those statements include statements regarding
the intent, belief or current expectations of Incode Technologies Corporation,
and members of their management as well as the assumptions on which such
statements are based.

faced layoffs

01 and a
5% coupon.
More information on Inseq is available online at http://www.
"Mandating employer coverage from large firms is a poorly targeted method
of reaching the uninsured and will lead to significant layoffs, particularly
for low-skill and minority employees," said EPI Director of Research Craig
Garthwaite.

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Employees
in small firms are disproportionately more likely to lack insurance with fully
45 percent of uninsured employees working in firms with fewer than 25
employees, despite these employees representing only 23 percent of the labor
force.

elation refugees

, Incode
Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today
announced that it has reduced its debt by $400,000 through its receipt of a
favourable investment from GreenShift Corporation (OTC Bulletin Board: GSHF),
a business development company that owns a 70% stake in the Company.

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eliminating dilemma

The 5% coupon is lower than the current ICDT-WDS note which is at
prime plus one.

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Inseq's mission will
be to facilitate the efficient utilization of primary and secondary
commodities including metals, chemicals, fuels and plastics. For example, more than half of these employees will
be nonwhite while only 25 percent of the workforce in the study sample was
nonwhite.

attitudes outplacement

Massachusetts Health Insurance Mandate Could Trigger Harsh Unintended Consequences

refugees lifetime

The study also concluded that health insurance mandates focusing on large
sized firms are a poorly targeted method of reaching the uninsured.

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The new company will be marketed under the brand
Inseq, or International Secondary Commodities Exchange. 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.

displaced outplacement

In addition to deploying the planned portal during 2005, Incode intends to
acquire and integrate a series of strategically compatible companies during
2005. The company undertakes no obligation to update
or revise forward-looking statements to reflect changed assumptions , the
statements to reflect changed assumptions, the occurrence of unanticipated
events or changes to future operating results. "Lawmakers who truly wish to address the problem of the uninsured
must look towards more efficient means of achieving their goals, such as
enrolling the eligible uninsured in existing programs or expanding eligibility
of low-cost insurance.

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discoveries lifetime

"

The Employment Policies Institute is a nonprofit research organization
dedicated to studying public policy issues surrounding entry-level employment.

attitudes dilemma

Traditionally vulnerable groups would bear a disproportionate
burden of the job loss.
The EPI study was conducted by Dartmouth University Associate Professor of
Economics Katherine Baicker and Research Assistant Professor at the Institute
for Social Research at the University of Michigan Helen Levy and is available
on the EPI website at http://www.

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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.
The study found a consensus among economic literature on mandated benefits
suggesting that employers, wherever possible, will transfer the cost of a new
mandate onto employees in the form of reduced wages.
If health care mandates were adopted across the country, the study finds
that approximately 315,000 employees would lose their job as a result of the
mandates.

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Incode Announces Reduction of Debt

J.
Incode expects to complete a reincorporation merger with its wholly owned
subsidiary, Inseq Corporation , and change its corporate brand identity to the
same name in June 2005. 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. With nearly 43 percent
of the uninsured working within three dollars of the minimum wage, employers
will likely eliminate these jobs altogether in favor of automation and self-
service.

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GreenShift agreed to convert this debt and to assume and convert another
$350,000 of the Company's debt into a new class of preferred stock in the
Company with a face value of $400,000, a fixed conversion price of $0. In addition, one-third of job losers will have less than a high
school education.EPIonline.

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inseq.

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"We have some very exciting plans for Incode that we believe are best
served by eliminating some of its debt in a manner that is accretive to
shareholder wealth," said Kevin Kreisler, chairman and chief executive officer
of GreenShift and chairman of the Company. Our immediate focus with Incode therefore
will be on the reduction of debt both through the favourable use of Incode's
equity, as we have done here with this investment , and the acquisition of
companies that strengthen Incode's balance sheet sufficiently to allow us to
refinance Incode's current convertible debts with standard conventional
credit.
Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF),
a business development corporation whose mission is to develop and support
companies and technologies that facilitate the efficient use of natural
resources and contribute to the resolution of environmental challenges.

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GreenShift had loaned the Company $50,000 last month in connection with
the Company's closing of its acquisition of Warnecke Design Services, Inc.

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Others will hire more efficient employees to replace less-skilled
workers.