GEECF/XETRA: GLI: Seventh USD$8,500,000 Sale to China.
08 June 2006 - 8:50PM
PR Newswire (US)
NASSAU, Bahamas, June 8 /PRNewswire-FirstCall/ -- Global
Environmental Energy Corp (Bahamas) (Trading Symbols: Deutsche
Bourse GLI (DE: GLI)- USA (OTC:GEECF) (BULLETIN BOARD: GEECF) )
subsidiary Biosphere Development Corp., has concluded its seventh
Chinese Biosphere Process(TM) System sale for USD$8,500,000. The
system was sold at a price of USD$8,500,000 payable upon delivery
to Suizhou in Hubei Province. This sale increases Biospheres' 2006
Chinese sales target of 30 systems to 37 systems at USD$8,500,000
each or USD$314,500,000. Having secured the approval of the
People's Government of Suizhou to deploy the Biosphere system for
power generation at Suizhou Biosphere Asia Pacific Company Limited
(ASIA PACIFIC) has confirmed that the total project investment at
Suizhou will be USD$11,250,000 (90,000,000 RMB) to include all
local civil and engineering work at the new facility. In addition
to revenue derived from system sales, Biosphere will participate in
the operating profits from the Suizhou project through its
shareholding in Hong Kong based ASIA PACIFIC. Global is a Bahamian
Company publicly traded on stock markets in Germany and the United
States. Biosphere is a subsidiary of Global. Global maintains a web
site at http://www.gli-geecf.com/ , which provides relevant in
depth current company information, news releases, and free access
to "Real Time Level II Quotes" charts and SEC filings to Global
shareholders. 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, +1-242-323-0086, Web site:
http://www.globalenvironmentalenergy.com/
Copyright