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Biosphere Development Corp., A Subsidiary of Global Environmental Energy Corp (OTCBB: GEECF); Invited to Discuss Opening Environmental Research Center at the University of Shaoxing

Posted on: Monday, 17 October 2005, 09:00 CDT

NASSAU, Bahamas, Oct. 17 /PRNewswire-FirstCall/ -- Global Environmental Energy Corp. (OTC Bulletin Board: GEECF; Xetra Frankfurt: GLI) confirmed today that its subsidiary, Biosphere Development Corp., a Corporation registered in the Commonwealth of the Bahamas, is in discussions with the University of Shaoxing to establish an Environmental Research Center to develop environmentally sustainable methods to treat additional Chinese waste streams.

The relationship with the University of Shaoxing has been developed by Biosphere (Asia Pacific) Company Limited, and their partners the Shenzhen Branch of Yankuang Group Co., Ltd., and the Shenzhen Rayes Group Co. Ltd. Following the acceptance of the Biosphere Process(TM) System to process Municipal Solid Waste in China, it is the intention of the University and Biosphere (Asia Pacific) Company to develop an Environmental Research Center to develop environmentally sustainable methods to treat additional Chinese waste streams. The establishment of the center will be negotiated in Shaoxing the week beginning 24th October 2005 by a team led by Biospheres' Chairman and Chief Executive Officer, Dr. Christopher A. McCormack.

In September 2005 Biosphere confirmed that, after due consideration and expert examination, the China Environmental Protection Industry Association had approved the Biosphere Process(TM) System for use in China.

The China Environmental Protection Industry Association determined that the Biosphere Process Technology was a feasible and practical technology, which complied with the Chinese Government Administration's Directives for the destruction of MSW, and the recycling of valuable resources and that the Biosphere Process was accepted for operation in China.

The University of Shaoxing

The University occupies a modern 106-hectare site on the edge of the city of Shaoxing and has 16,000 full-time undergraduates, and 15,000 part-time students, and 1,500 faculty members and staff, including 6 guest professors, 92 full professors and 418 associate professors. The university's 15 faculties are organized into 24 departments: Departments of the Chinese Language and Literature, Fine Arts, Musicology, the English Language and Literature, Mathematics, Physics, Information Science, Information Engineering, Bioscience, Chemistry, Physical Education, Computer Science, Electromechanical Engineering, Textile and Apparel Engineering, Civil Engineering, Economics, Business Management, Clinical Medicine, Nursing, Medical Technique, Law, Political Science, Public Management, Pedagogy.

Dr. Christopher A. McCormack

Dr. Christopher A. McCormack is Chief Executive Officer of Biosphere. Dr. McCormack was educated in life sciences and chemistry at University College, Dublin, and the National University of Ireland, (B.Sc., 1st Class Hons, 1995, Ph.D., 1997). Dr McCormack is a postdoctoral alumnus of the University of California at Berkeley and holds an N.I.H.C. awarded by the National Institutes of Health, Bethesda MD., and is both a distinguished Fulbright Scholar and a Fogarty Fellow, with elected memberships to both the Physiological Society and the Association for Research in Vision and Ophthalmology. In addition, Dr McCormack has previously been commended by the Nuffield Foundation and the American Physiological Society and is the author of over 100 technical and scientific contributions, including several patents for the environmentally sustainable production of fuel grade ethanol as a green fuel alternative from biomass, surpluses and other waste materials. The DiGenter(TM) process, recognized by the Ford Motor Company as being of global environmental significance (Dublin September 1999), was developed from his interests in extending and preserving finite fossil fuel resources while in addition re-mediating harmful environmental emissions and assisting fossil fuel preservation. Dr McCormack is the inventor of and has spearheaded the development of the Biosphere Process(TM) and while simultaneously leading the due diligence efforts examining potential competing technologies whilst the Biosphere Process(TM) was under development.

About the Yankuang Group Co., Ltd.

Yankuang Group Co., Ltd., has assets of RMB 22.844 billion (@USD$2.82 Billion United States Dollars) and more than 50 subsidiaries. The Yankuang Group is engaged in coal production and sales, coal chemical, civil engineering, etc. with annual total sales income of RMB 11.258 billion (@USD$1.39 Billion United States Dollars). The Yankuang Group Co., Ltd.'s subsidiary Yangzhou Coal Mining Company Limited is listed on the New York Stock exchange (ADS: YZC), the Hong Kong Stock Exchange (Code number 1171) and Shanghai Securities Exchange (Code number 600188).

About the Shenzhen Rayes Group Co. Ltd.

The Shenzhen Rayes Group Co. Ltd., also known as China Online, is registered in Shenzhen and its main business is in developing network infrastructure and services via China Online (COL). Since 1994, COL has deployed a large-scale ISP network with national coverage of 105 major cities in China. COL was approved by MII (Ministry of Information Industry, formerly Ministry of Post and Telecommunications) in 1997 as a national ISP and related services provider. COL and China Telecom's 169 national ISP networks have a strategic alliance since 1998. Shenzhen Rayes Group's registration capital is RMB 0.19 billion (@USD$23.4 Million United States Dollars) with total assets of RMB 2 billion (@USD$246.9 Million United States Dollars). Its business ranges from investment, real-estate development, ISP, to international business. From 1996 to 1998, China Online was China's largest system's integration and network solutions provider and was an industry leader in providing business-to-business Internet and software applications, infrastructure applications, network, and integration applications solutions for Chinese companies, with emphasis in servicing the manufacturing sector of Southern China. China Online has operations in 105 large and medium-sized cities throughout China with over 2,000 professionals on staff at its peak period. Key partners and customers of the Rayes Group include Microsoft and Compaq of the U.S., the Beijing Telecom Bureau, and the China Industrial Economy Association.

About Biosphere Development Corp.

As provided for in Biospheres contracts with its Chinese partners this project is expected to manufacture, market, deploy and participate in the operation of at least 1,300 of Biosphere Development Corp.'s, Biosphere Process(TM) System's in China by 2010 and as per Biosphere's agreements this project will be financed by Biosphere's Chinese partners together with a consortium of Chinese banks.

Biosphere Development Corp's unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently process traditional and non-traditional waste materials into electricity and other beneficial by- products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids, and many other traditional and non-traditional waste materials.

Biosphere Development Corp., was initially formed as a subsidiary of Global Environmental Energy Corp, (BULLETIN BOARD: GEECF - FWB: LFT) . Biosphere Development Corp., intends to become a fully reporting and trading company in the near term future.

About Global Environmental Energy Corp.

Global Environmental Energy Corp., is a Corporation registered in the Commonwealth of the Bahamas and publicly traded on stock markets both in Germany and the United Sates (the Corporation). Global Environmental Energy Corp. is becoming a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. The company maintains a web page at http://www.geecf.net/

Note to Investors

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. The forward-looking information is based upon current information and expectations regarding Global Environmental Energy Corp. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.

Global Environmental Energy Corp. assumes no obligation to update the information contained in this press release. Global Environmental Energy Corp.'s future results may be impacted by risks associated with rapid technological change, new technological developments and implementations, execution issues associated with new technology, manufacturing production to meet demand, litigation, media publicity and the negative impact this could have on sales, competition, financial and budgetary constraints of prospects and customers, international order delays, dependence upon limited source suppliers, fluctuations in component pricing, government regulations, dependence upon key employees, and its ability to retain employees. GEECF's future results may also be impacted by other risk factors listed from time to time in its SEC filings.

Global Environmental Energy Corp.

CONTACT: Dr. C. A. McCormack of Global Environmental Energy Corp.,+1-242-323-0086, or +852-3010-3838, global@coralwave.com

Web site: http://www.globalenvironmentalenergy.com/http://www.geecf.net/

Source: PRNewswire-FirstCall

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