GEECF: Anji Carbon Credit Generation Sales Conference; Additional USD$30 Million Biosphere Facility

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, [phone]



Web site:  http://www.geecf.ru/ 

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