|The Board of Directors of Life Energy & Technology Holdings, Inc., Approves Name Change to Global Environmental Energy Corp. |
NEW ORLEANS, Sep 1, 2004 (BUSINESS WIRE) -- Life Energy & Technology Holdings, Inc. (OTCBB:LETH), today announced that its board of directors has approved a name change from Life Energy & Technology Holdings, Inc. to Global Environmental Energy Corp., effective as of August 30th 2004. The new trading symbol for Global Environmental Energy Corp. will be announced.
Dr. Christopher McCormack, President & Chief Executive Officer of Global Environmental Energy Corp., said, "At Global Environmental Energy, we are building an environmentally responsible global energy company with interests in both traditional oil and gas businesses and in alternative energy sources and their use. To date we have been best known for our revolutionary Biosphere Process(TM) System technology with which we promote the use of sustainable and renewable energy sources whilst extending the lifetime of the world's fuel reserves, coal, oil and gas.
"Our Biosphere Process(TM) System can also use traditional fossil fuels, oil, gas, oil field wastes, shale oil, and sour natural gas as a waste stream for making electricity. This helps to meet World Bank's goals under the Global Gas Flaring Reduction Partnership. These goals are shared by the Governments of Angola, Cameroon, Ecuador, Nigeria, Norway and the USA, and companies such as BP, Shell, Chevron Texaco, Total and Sonatrach and others. Global, which is funded by Diamond Ridge Advisors, is currently negotiating oil and gas interest in Algeria and Libya.
"It is the intention of Global to finalize negotiations on oil and gas interests in Algeria, Libya. This will complement the demand for exportation of our US manufactured Biosphere Process(TM) Systems in these same countries."
About Global Environmental Energy Corp.
Global Environmental Energy Corp (OTCBB: to be assigned and as of now LETH -- le-th.com) intends to become a fully integrated energy company. Interests will include traditional and alternative energy sources, environmental infrastructure and electrical micro-power generation. Global Environmental Energy Corp.'s unique proprietary technology, EcoTechnology(TM), supplies energy through a profitable 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.
SOURCE: Global Environmental Energy Corp.
CONTACT: Global Environmental Energy
Dr. C.A. McCormack, 866-318-5380