NASSAU, Bahamas, Oct. 5 /Xinhua-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 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.
