CORRECTING and REPLACING Global Environmental Energy Corp Announcing Subsidiary Biosphere Development Corp Signs Letter of Intent to Sell 10 Biosphere Process Systems in the United Arab Emirates, Yemen and Jordan
NASSAU, Bahamas, Mar 07, 2005 (BUSINESS WIRE) -- Ticker symbol in first graph, first sentence of release should read: OTCBB:GEECF (sted OTCBB:GEEC).
The corrected release reads:
GLOBAL ENVIRONMENTAL ENERGY CORP ANNOUNCING SUBSIDIARY BIOSPHERE DEVELOPMENT CORP SIGNS LETTER OF INTENT TO SELL 10 BIOSPHERE PROCESS SYSTEMS IN THE UNITED ARAB EMIRATES, YEMEN AND JORDAN
Global Environmental Energy Corp. (OTCBB: GEECF) (FWB:LFT) today is announcing that it will file an 8K with the securities and Exchange Commission confirming that Biosphere Development Corp., has signed Letter of Intent to sell 10 Biosphere Process(TM) Systems in United Arab Emirates, Yemen and Jordan.
The sales price of these ten (10) Biosphere(TM) Process System's will be USD$8,400,000 per system, a total of USD$84,000,000. Meegan International will finance these purchases with the intention of reselling these same ten (10) Biosphere(TM) Process System's to their clients in the United Arab Emirates, Yemen and Jordan. The systems being ordered are intended to convert municipal solid waste to electricity and potable water.
About Meegan International Group of Companies
Meegan International Group of Companies is a privately financed Dubai based trading company specialising in commodity trading, construction and engineering, with interests in the United Arab Emirates, Iraq, China, Yemen and Jordan.
About Biosphere Development Corp
Biosphere Development Corp is a subsidiary of Global Environmental Energy Corp. Global Environmental Energy Corp. intends to become a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Biosphere Development Corp.'s unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently process traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids, and many other traditional and non-traditional waste materials.
It is the intention of Global Environmental Energy Corp. that Biosphere Development Corp. will become a fully reporting and trading company in the future if accepted by the SEC and the NASD for trading. Global Environmental Energy Corp. maintains a web site at globalenvironmentalenergy.com
SOURCE: Global Environmental Energy Corp.
Global Environmental Energy Corp.
Dr. C.A. McCormack, 877-723-6315
www.globalenvironmentalenergy.com
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