GEECF: Anji Carbon Credit Generation Sales Conference; Additional USD$30 Million Biosphere Facility
August 16 2007 - 5:05AM
PR Newswire (US)
NASSAU, Bahamas, Aug. 16 /PRNewswire-FirstCall/ -- Global
Environmental Energy Corp.'s (Deutsche Borse: GLI; OTC Bulletin
Board: GEECF)(http://www.geecf.ru/) Biosphere Development Corp.
confirmed that their Chinese partner's recent Sales Conferences
have resulted in the sale of another USD$30 million facility. The
new facility to be located at ShengZhou, Zhejiang Province will
have the capacity to process 1,200 tons of MSW per day at a capital
cost of USD$30 million and has a projected EBIDTA of USD$27,000,000
per annum. This is the second of 35 systems with a combined capital
value of USD$1 billion currently contracted to be installed in
China. The announcement of this new facility comes in a week when
contracts were exchanged to supply Biosphere Power Plants to these
clients in South Africa, the Middle East, India, Indonesia,
Vietnam, Malaysia, Australia and New Zealand. 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
http://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.
DATASOURCE: Global Environmental Energy Corp., GEECF CONTACT:
Global, +1-242-323-0086 Web site: http://www.geecf.ru/
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