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GLOBAL ENVIRONMENTAL ENERGY CORP (U-GEECF) - News Release GEECF/XETRA: GLI: Seventh USD$8,500,000 Sale to China.
2006-06-08 05:50 ET - News Release
NASSAU, Bahamas, June 8 /PRNewswire-FirstCall/ -- Global Environmental Energy Corp (Bahamas) (Trading Symbols: Deutsche Bourse GLI (DE: GLI)- USA ) 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.
Global Environmental Energy Corp
CONTACT: Global Environmental Energy Corp, +1-242-323-0086, global*coralwave.com
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FREE REal Level II Was * .60 before ,,, could double here IMO
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.
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