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Global Energy Focuses on Exponential Growth of BioFuels Industry

Posted on: Thursday, 3 May 2007, 09:00 CDT

Global Energy (OTCBB:GEYI), today announced that the Company will focus its efforts in growing biofuel and alternative fuels market, by providing a vertically integrated company, covering the entire process of identification of alternative fuels, cultivation, production, to marketing.

Global Energy will operate as a holding company with varying ownership in entities according to pre-identified projects and opportunities internationally.

The global market for alternative fuel sources is poised for explosive growth in the next ten years.

Global Energy's mission will be to exploit a number of sources of biofuel worldwide through strategic alliances, government cooperative agreements and the building of infrastructures capable of converting biofuel to viable energy sources.

Mike Score of MSUE in his Biodiesel Industry Analysis of October 2006, states, "Why are investors gearing up for biodiesel production in the U.S.? The answer seems to lie in the exponential growth demand for of the relatively small domestic market, as well as in the much larger international demand for biodiesel fuel.... The main drivers for increased biodiesel demand in the U.S. will be continued high energy prices and incentives provided by the Energy Policy Act of 2005."

Further verification of the potential of biodiesel came on April 11, 2007, when the renowned DeBeers Group entered the biodiesel industry and has already on-sold 27 franchises based on algae technology along with 40 million shares to the public without even issuing a prospectus (Source: AutoblogGreen).

Global Energy contends that incoming management, existing strong relationships with international entities, through knowledge of the industry along with a formidable track record could garner significant long-term reward for investors, consumers and the scientific community.

The Company expects to announce senior management positions and more in-depth strategic plan in the immediate future.

Safe Harbor

Information Regarding Forward-Looking Statements:

Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, that: (i) Global Energy will focus its efforts in growing biofuel and alternative fuel markets, (ii) Global Energy will provide a vertically integrated company, covering the entire process of identification of alternative fuels, cultivation, production, to marketing, (iii) Global Energy will operate as a holding company with varying ownership in entities according to pre-identified projects and opportunities internationally, (iv) the global market for alternative fuel sources is poised for exponential growth in the next ten years, (v) Global Energy will exploit a number of sources of biofuel worldwide through strategic alliances, government cooperative agreements and the building of infrastructures capable of converting biofuel to viable energy sources and (vi) Global Energy's present and future attributes could garner significant long-term rewards for stakeholders.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the inherent uncertainties and speculative nature associated with biofuels and alternative fuel sources; (ii) potential environmental liabilities, weather, mechanical failures, safety concerns, labour problems and financing problems; (iii) changes in economic conditions, adverse exchange rates and financial markets; (iv) the risk that Global Energy does not execute its business plan; (v) the inability to retain key employees; (vi) changes in energy prices and the high cost of alternative fuels; (vii) Global Energy's inability to finance its operations or growth; (viii) the inability to obtain all necessary government, environmental and regulatory approvals; and (ix) an increase in competition in the biofuel and alternative fuel market. Investors should consider all of these risks and should also refer to the risk factors disclosed in the periodic reports of start-up, alternative fuel and biofuel reporting issuers as filed on Edgar.

Source: Business Wire

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