15/05/2008
GEECF: Global Subsidiary to Sell Metallurgical Coal.
May 15th 2008 07.00 EST
NASSAU, Bahamas--(BUSINESS WIRE)- Global Environmental Energy Corp., (Deutsche Borse:GLI, OTCBB:GEECF www.geecf.ru –) has received a Letter of Intent from US based WASP Energy LLC., for Global to supply WASP with 2-3 million tons of Chinese metallurgical coal (coking coal) per year on a multiyear contract.
WASP (www.waspenergy.com) is a Khanjee company (www.khanjeeholding.com) and is licensed by the Federal Energy Regulatory Commission (FERC) of the United States to trade in electric power and other energy commodities. WASP will pre finance its ongoing coal purchase from Global through credit facilities acceptable to Global.
Global is a joint venture partner with the Yankuang Group of companies, engaged in the business of mining, processing and selling Chinese Coal. Yankuang and Global jointly own the Shenzhen YanFeng Coal Company Limited, which is owned (60%) by Yankuang Group Holding Co., Ltd., and (40%) Global.
Yankuang is engaged in coal mining, coal chemistry, electrolytic aluminium, real estate development, electricity generation, construction materials, mechanical process, environmental remediation, trading etc. Yangzhou Coal Mining Company Limited, a subsidiary of Yankuang Group Holding Co., Ltd. is listed on New York Stock Exchange (NYSE:YZC), Hong Kong Stock Exchange (Code number 1171) and Shanghai Stock Exchange (Code number 600188).
Coking coal (metallurgical coal). See Bloomberg. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a91nvK34AiYo
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. www.geecf.ru
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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.