Bangkok Thailand and Nassau, Bahamas (PRWEB) August 11, 2007
Global Environmental Energy Corp's., (Deutsche Borse:GLI, OTCBB:GEECF -) Biosphere Development Corp., confirmed that their Chinese partners, have completed a program of Sales Conferences at their AnJi facility.
The highly successful two week program was attended by officials, environmental experts and investors from throughout China , as well as client's from South Africa , the Middle East, India , Indonesia , Vietnam , Malaysia , Australia and New Zealand . Agreed contracts are now being exchanged to supply Biosphere Power Plants to these client groups. Included in these new contracts will be the cash value of the carbon credits that operating Biosphere Power Plants generate. An additional development will be the addition of desalination equipment as an optional package now available with all Biosphere Systems, generating new carbon credits whilst desalinating water. By comparison old traditional desalination techniques are costly, environmentally unfriendly and significantly increase carbon emissions.
The AnJi facility has a projected EBIDTA of USD$27,000,000 per annum, and is one of 35 systems with a combined capital value of USD$297,500,000 currently contracted to be installed in China . In addition to revenue derived from system sales, Biosphere participates in the operating profits from the An Ji project through its shareholding in Hong Kong based Biosphere Asia Pacific.
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.gli-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.