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07/08/2007
GEECF: Anji Carbon Credit Generation Sales Conference.
August 7 2007
NASSAU, Bahamas--(BUSINESS WIRE)- Global Environmental Energy Corp’s., (Deutsche Borse:GLI, OTCBB:GEECF –) Biosphere Development Corp., confirmed that their Chinese partners, have completed a program of Sales Conferences at their Anji facility.
The highly successful two week program was attended by officials, environmental experts and investors from throughout China, as well as client’s from South Africa, the Middle East, India, Indonesia, Vietnam, Malaysia, Australia and New Zealand. Agreed contracts are now being exchanged to supply Biosphere Power Plants to these client groups. Included in these new contracts will be the cash value of the carbon credits that operating Biosphere Power Plants generate. An additional development will be the addition of desalination equipment as an optional package now available with all Biosphere Systems, generating new carbon credits whilst desalinating water. By comparison old traditional desalination techniques are costly, environmentally unfriendly and significantly increase carbon emissions.
The AnJi facility has a projected EBIDTA of USD$27,000,000 per annum, and is one of 35 systems with a combined capital value of USD$1 billion currently contracted to be installed in China. In addition to revenue derived from system sales, Biosphere participates in the operating profits from the An Ji project through its shareholding in Hong Kong based Biosphere Asia Pacific.
Biosphere is a subsidiary of Global a Bahamian Company which is publicly traded on stock markets in Germany and the United States. As a result of the ongoing success of Biospheres' other Chinese joint ventures, Global has recently formed another Chinese joint venture with the Shenzhen YanFeng Coal Company Limited, a subsidiary of the Yankuang Group Holding Co., Ltd. The Yankuang Group Co., Ltd., is engaged in coal mining, coal chemistry, electrolytic aluminum, real estate development, electricity generation, construction materials, mechanical process, environmental remediation, trading etc. The Yankuang Group Co., Ltd.'s subsidiary Yangzhou Coal Mining Company Limited is listed on the New York Stock exchange YZC, the Hong Kong Stock Exchange (Code number 1171) and Shanghai Securities Exchange (Code number 600188). Global maintains a web site at www.geecf.ru This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections.
Contact: Global +1 242 323 0086 PO Box CB-13277 Nassau Bahamas
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This web site contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. In order to provide our site visitors with additional services and resources, Global has provided herewith both information provided by third parties and links to external "third party" sites. Any third party information provided or third party site you visit by a link from this site is solely the responsibility of the vendor, merchant, or other party providing the information or the site. Third party information and links to third party sites are here for the convenience of our site visitors only. The content (including information in the form of text or graphics) of any third party information provided or third party site which is visited via a link from this site is solely the responsibility of the provider of that third party information provided or the web site visited. Any business, financial or other transactions or agreements you enter into with a vendor, merchant or other party listed in this site or linked to from this site are solely between you and that vendor, merchant and / or other party. Global makes no attempt and is in no way responsible for ensuring that the information provided by third party information provided or through third party sites linked hereto is reliable and accurate, Global is not responsible for any such content (or the accuracy thereof) of any third party information provided or third party information found on any third party site that may be accessed via a link from this site. Global hereby disclaims any responsibility for the content of third party information provided or information found on any third party web site accessed via a link from this site.