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News: Global Earth Energy Inc. Enters Into Joint Venture Worth Approximately $160 Million Over the Next 10 YearsFont size: A | A | A
10:34 AM ET 2/23/11 | Marketwire
Global Earth Energy Inc. (OTCBB: GLER) announced today it has entered into a joint venture partnership with Innovated Concepts of Ethanol, Corp. ("ICE"), a South Dakota corporation, which is in the business of ethanol. Jim Zook, CEO and president of ICE, stated, "The joint venture will have estimated gross revenues of $80 million per year for a total revenue of $800 million for the life of the agreement with a gross revenue value to GLER of $160 million." This agreement will be in effect for 10 years with a revenue sharing of 80% to ICE and 20% to GLER. Full details including the executed joint venture agreement will be available on GLER's website.
ICE was created to serve the ethanol manufacturing industry from initial concept and design through construction, marketing, operations and processes. The ICE team is a leader with proven experience and a record of excellence in the ethanol bio-fuels industry. With a strong network of affiliate companies, ICE delivers cutting-edge technology and comprehensive services to not only create, but to maximize, bio-mass ethanol operation efficiencies.
About Innovated Concepts of Ethanol Innovated Concepts of Ethanol, Corp. (ICE) is a bio-refining, consulting and services firm whose principals are experienced in all phases of management (business, design, construction, operations and employee training) in the ethanol industry.
About Global Earth Energy Inc. Global Earth Energy Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Certain risks are detailed in the Company's Form 10-K and other periodic filings with the Securities Exchange Commission at www.sec.gov. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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We welcome any and all inquiries about this partnership by contacting any of the personnel listed below. Sydney A. Harland CEO Contact: Global Earth Energy 910-270-7749 www.globalearthenergy.com Jim Zook CEO/President Innovated Concepts of Ethanol Email Contact Spiros D. Sinnis Chief Business Advisor 630-750-9095 skype: spiros.xs Email Contact www.xsholdings.com
SOURCE: Global Earth Energy Inc.
http://www.globalearthenergy.com
http://www2.marketwire.com/mw/emailprcntct?id=A8A54893FD3097E8
http://www2.marketwire.com/mw/emailprcntct?id=475582B814081A79
http://www.xsholdings.com/
.015's up
Thinking of putting some funds in but imo nothing really tugging me towards this company besides its thin levels. Any opinions where this might be in few weeks?
Tia
Bid x2 .012, Ask .0124, .013, .0135
.06 seem to have fallen off. .09 x2
L2 shows no bid and here is showing .0001 on bid. I just wanna get out at .06 now!!
Etrade shows me up 69,000% bid .06 ask .07
??? sorry blade im a lil lost right now. One of my other bag holding picks just jumped from .0001-.07. Not sure what the congrats is for but thanks either way. : )
lol me too
WHOA 69,000% whats going on here???!
It appears Second quarter may have a steady line up of news for us. Up to 60 days for sale of shares with LB Tim Co., Ltd, and expectation of coal delivery in todays Pr.
Climb yes she will imo.
Slow climb coming imo. Will we see that .04 print soon?? : )
I hope so.
GLTA
Its been holding up pretty well in this range. I doubt the Amex thing will pull through in our current state but i also think we may have a slow climb.
still here waiting for that .04 print. because someone isn't negative they are considered a "pumper"?
Doubt it...i was thinking dilution
VFIN 10k in size
ill pick up another 15mil once .0002's thin out
If someone sells em to u....... : ) sry cant have mine
Hopefully.....in order to uplist this needs some serious funding... if thats the case id expect a
few prs shortly
News not meaty enough but its better than nothing at this point. hope it eases minds of some.
GLTA
News : Global Earth Energy, Inc. Announces the Addition of Mr. RichardChenel to the Board of Advisors
Feb 17, 2011 08:01:26 (ET)
WILMINGTON, NC, Feb 17, 2011 (MARKETWIRE via COMTEX) -- Global Earth Energy, Inc. (GLER, Trade ) is pleased to announce an addition of our management team and the first of our new Board of Advisors, Mr. Richard Chenel.
Mr. Chenel has spent nearly 30 years in the financial services industry. He began his career at Goldman Sachs where he spent 10 years in the Corporate Finance Department. One of his responsibilities included counter-party risk analysis and credit management for the firm's then $15 billion institutional money market funds. Richard also was involved in product development and marketing for Goldman's then top ranked Money Markets Group. Mr. Chenel also spent over 8 years at J.P. Morgan Securities in the Capital Markets Group where he was involved in origination and product development -- primarily focused on debt securities five years and shorter.
In 2004, Mr. Chenel started his own consulting group, Conduit Advisory Group, Inc. ("CAGI"), to advise companies on capital raising and debt restructuring. In 2005, Richard co-founded a life insurance premium finance and life settlements company, C2 Advisors, LLC. Mr. Chenel was responsible for raising capital for C2 and successfully raised over $125 million in debt financing from two institutional investors. Before leaving the company, Mr. Chenel established a $150 million warehouse line of credit from a leading German bank for funding premiums under C2's premium finance platform and acquiring life settlements for C2's life settlement portfolio. Richard was also responsible for structuring C2's two business strategies and overseeing all legal matters for the firm, including the legal documentation for both lines of business. Today, C2 is run solely by Mr. Chenel's co-founding partner and is focused exclusively on traditional, full recourse premium finance.
Since founding CAGI, Mr. Chenel has completed several rated and unrated securitizations and established a $10 billion U.S. commercial paper conduit, Times Square Funding, LLC, for a leading German bank. One of Richard's current clients is a multi-hundred million dollar real estate hedge based in California. Mr. Chenel is presently advising the funds' manager on restructuring one of its onshore funds. This restructuring is scheduled to close in early-2010.
Mr. Chenel is a graduate of Bowdoin College in Maine with a BA degree in economics and has a MBA in finance from NY University.
About Global Earth Energy Inc.
Global Earth Energy Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Certain risks are detailed in the Company's Form 10-K and other periodic filings with the Securities Exchange Commission at www.sec.gov . This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Contact:
Sydney A. Harland
CEO
Global Earth Energy
Tel: 910-270-7749
www.globalearthenergy.com
Richard Chenel
Board of Advisors Global Earth Energy, Inc.
Email Contact
SOURCE: Global Earth Energy Inc.
GM board.....im new to this one. Looking into posted links and DD before purchasing some shares. If you have any input on news today, id greatly appreciate it.
TIA
I hope so....we really need a meaty one too
"too uch selling pressure"
i doubt that....this thing is so thin that if there was "too much selling pressure" we would be back to .004's already. imo It doesn't take much to move this. Something else is holding this up besides one or two traders on here.
again all my opinion.
A good PR should bring us back to where we left off Thurs imo...
Not I...still looking for that .04 print on next update..vol is still good although there was .035 wall
My order is already in
5mil @ .0002. i kinda jumped in without review of fake merger news
Agreed ... Let "THEM" Sell.
i second that
Let em sell
.02s heading back.
Wow been months....nothings changed here...still no bid huh
got in @ .005 still holding...prolly sell some @ .10 for profit
.03-.035 is a joke.....snagg em
: ) $$$ forced higher PPS
Yes it is...float soon locked between vol today and yesterdays
Almost 1hr of trading...yea i see .04s printing
post # 415363 GLER
.004's then. hope u followed.
GLTY