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Biosphere Development Corp., A Subsidiary of Global Environmental Energy Corp (OTCBB: GEECF), in Discussions With the City of An Ji in the PRC

Posted on: Friday, 21 October 2005, 06:00 CDT

NASSAU, Bahamas, Oct. 21 /PRNewswire-FirstCall/ -- Global Environmental Energy Corp. (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 City of An Ji in Zheijiang Province for the use of Biosphere Process(TM) Systems.

Following negotiations between Biosphere (Asia Pacific) Company Limited, and the City of An Ji, Biosphere and their partners the Shenzhen Branch of Yankuang Group Co., Ltd., and the Shenzhen Rayes Group Co. Ltd., are sending a negotiating team to An Ji week beginning October 24th 2005. The team will meet with local government officials and will develop further the potential use of the Biosphere Process(TM) System in An Ji. Also attending the meetings will be representatives of International Environmental Energy Corporation, which is charged with the manufacture of Biosphere Process(TM) Systems' in China.

In September 2005 Biosphere confirmed that the China Environmental Protection Industry Association had approved the Biosphere Process(TM) System for use in China. The China Environmental Protection Industry Association determined after due consideration and expert examination, 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. Accordingly the China Environmental Protection Industry Association stated that the "Biosphere Process" Technology was a practical technology and was accepted the Biosphere Process for operation in China.

Biosphere (Asia Pacific) Company Limited, is owned 49% by the Shenzhen Rayes Group Co., Ltd., and 51% by Biosphere Development Corp. Biosphere Development Corp., owns 70% of International Environmental Energy Corporation. The Shenzhen Branch of Yankuang Group Co., Ltd., owns 30% of International Environmental Energy Corporation.

The Shenzhen Branch of Yankuang Group Co., Ltd., is investing USD$4.5 million (Approx. RMB 36.5 million) in cash to capitalize International Environmental Energy Corporation and will hold 30% of the equity shares of International Environmental Energy Corporation. Biosphere Development Corp., is investing invest shares of Global Environmental Energy Corp., with an agreed value of USD$13.125 million United States Dollars (Approx. RMB106.3Million).

Biosphere Development Corp., has already sold the first Biosphere Process(TM) System to Biosphere (Asia Pacific) Company Limited to be delivered to one of Asia Pacific's Chinese customers. This System has been sold for USD$8,500,000 and is scheduled to be shipped to China before the end of October 2005.

About An Ji.

An Ji located in northwestern Zhejiang Province is renowned for its beautiful environment with flourishing bamboo forests and clear streams. An Ji is synonymous with bamboo, containing as it does 60,000 hectares of bamboo groves. An Ji has taken the sustainable development road by developing ecology-friendly agriculture, industry and tourism, and building an ecology- friendly county. An Ji produces 12 million commercial bamboo poles annually, ranking the first nationwide. It also has China's largest bamboo nursery. The An Ji Bamboo Garden is acknowledged by scholars within and outside China as containing the widest variety of bamboo. In 2004, An Ji received 2.02 million tourists, earning it 544 million Chinese Yuan, which made up 7.8 percent of the county's GDP.

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.

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

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

Source: PRNewswire-FirstCall

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