Incode Announces Design and Manufacturing Projects With Honda

MOUNT ARLINGTON, N.J., June 23 -- Incode Technologies Corporation (the "Company") (BULLETIN BOARD: ICDT) today announced the continuation of design and manufacturing projects between the Company's design subsidiary and Honda Engineering North America.

The projects are for the design and manufacturing of specialized equipment used in the process for manufacturing engines at their Anna, Ohio Engine Plant. The Company expects work to continue through the balance of 2005 and into 2006.

"We are proud to have the opportunity to work with Honda," said Tony Warnecke, president of the Company's design subsidiary. "Honda is a global leader in the manufacturing and sales of automobiles and motorcycles. Based near our design and manufacturing operations in Ohio, Honda is an important and valuable contributor to the local and the domestic economy. Honda is an exciting and financially material client for us and we look forward to continued opportunities to service their needs."

With more than $6 million in annual revenue, the Company's design subsidiary serves as a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services.

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. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.

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 July 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.

More information on Inseq is available online at http://www.inseq.com/.

Incode is 70% owned by GreenShift Corporation (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.