GEECF / XETRA:GLI : CHINA; Biosphere (Asia Pacific) has Received Additional $8,000,000 Investment for Chinese Projects
January 17 2007 - 4:00AM
PR Newswire (US)
NASSAU, Bahamas, Jan. 17 /PRNewswire-FirstCall/ -- Global
Environmental Energy Corp (Deutsche Bourse GLI [DE:GLI]- USA OTC
Bulletin Board: GEECF) subsidiary Biosphere Asia Pacific has
received $8,000,000 in financing from a new financier, the group
the Hui Xing Long Group Limited to allow them to participate in
Chinese Projects. Following the "Environmental Protection
Administration of China's" approval of Biospheres MK-V Biosphere
Process System for operation in China, the Hui Xing Long Group
Limited has agreed to invest in a number of Chinese joint ventures
with Biosphere. An initial $8,000,000 has been deposited by them to
Biosphere Asia Pacific's bank account in Hong Kong. Biosphere Asia
Pacific owns 51% of its joint venture projects in China and will
derive revenue from initial system sales, maintenance contracts and
Biosphere's participation in the operating profits. Global is a
Bahamian Company publicly traded on stock markets in Germany and
the United States. Global maintains a web site at
http://www.gli-geecf.com/. 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. DATASOURCE: Global Environmental Energy Corp
CONTACT: Global, +1-242-323-0086, Web site:
http://www.globalenvironmentalenergy.com/
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