GEECF: First Chinese-Manufactured Biosphere Sold to Russia
October 04 2007 - 8:30AM
PR Newswire (US)
NASSAU, Bahamas, Oct. 4 /PRNewswire/ -- Global Environmental Energy
Corp.'s (Deutsche Borse: GLI; OTC Bulletin Board:
GEECF)(http://www.geecf.ru/) Biosphere Development Corp., confirmed
that their Chinese partners' recent Sales Conferences have resulted
in the sale of another USD$30 million facility to be installed in
Russia. The Russian Federal Agency on Ecological, Technological and
Nuclear Monitoring Interregional Territorial Department, North
West-Federal District has confirmed that they have "scrupulously
studied the principles of work and technical characteristics of the
ecologically safe Biosphere Systems." The initial system is
intended to be one of a multi-system installation in the North-West
Federal District of Russia, where a chain of Biosphere Power Plants
will be installed in what is intended to be an ongoing and
developing bilateral Sino-Russian cooperation. The announcement of
this sale to Russia, following Biospheres recent sales conferences
in Anji, China, is in addition to those contracts being negotiated
to supply Biosphere Power Plants to clients in South Africa, the
Middle East, India, Indonesia, Vietnam, Malaysia, Australia and New
Zealand. Biosphere is a subsidiary of Global Environmental Energy
Corp., 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. CONTACT: Global,
+1-242-323-0086 Web site: http://www.geecf.ru/
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