GEECF: Global Subsidiary to Sell Metallurgical Coal.

NASSAU, Bahamas, May 15  /PRNewswire-FirstCall/ -- Global Environmental Energy Corp., (Deutsche Borse: GLI, OTC Bulletin Board: GEECF http://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 (http://www.waspenergy.com/) is a Khanjee company (http://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. 

DATASOURCE: Global Environmental Energy Corp.



CONTACT:  Global Environmental Energy Corp., [phone]



Web site:  http://www.globalenvironmentalenergy.com/

http://www.geecf.ru/

http://www.waspenergy.com/

http://www.khanjeeholding.com/ 

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