Global Environmental Energy Corp

[jmhollen]

Life Energy & Technology Holdings, Inc. Enters into an Agreement with I.G. Titlin, in Russia's Third Largest City; Biospheres Intended for Russia
(Source: Business Wire) 02/27/04 11:22

FALLS CHURCH, Va., Feb 27, 2004 (BUSINESS WIRE) -- Life Energy & Technology Holdings, Inc. (OTCBB: LETH) (Deutsche Borse DE: LFT) has signed a Letter of Intent to import the Biosphere Process(a) System into Russia. A Letter of Intent was signed with I.G. Titlin, who represents NeoVizark, LLP, a Russian Corporation, on a venture that would utilize the Biosphere Process units for solid waste recycling and energy production.

The Letter also addresses the possibility to create a joint venture (JV) in Russia with Life for shared funding and production of equipment for NeoVizark, LLP.

Biosphere units, manufactured in the U.S., will become part and parcel of the process that will be employed at a factory that is being built in Novgorod.

Minister G.K. Kuzmina, Ministry of Economy and Entrepreneurship Development of Novgorod has stated in correspondence to the parties, "The government of Nizhniy Novgorod Region, taking into consideration the intricate situation with the solid waste and its recycling, is very interested in locating in Nizhniy Novgorod Region several of the facilities of the American company Life Energy." The letter also promises tax incentives to the participants of the investment activities, investment tax credits, minimal leasing fees, guarantees to secure the investments and incentives for leases of government property in Nizhniy Novgorod Region.

Nizhniy Novgorod is Russia's third largest city and is a commercial hub of Russia, located at the strategic confluence of the Oka and Volga rivers (http://www.unn.runnet.ru/nn/).

About Life Energy & Technology Holdings Inc.

Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM)(a)(b), generates electrical energy through a profitable and environmentally safe process. The Biosphere Process(TM) System, a central part of Life Energy's EcoTechnology(TM), safely and efficiently processes traditional and non-traditional waste materials and/or traditional fuels into electricity and other beneficial by-products. The Biosphere Process(TM) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural wastes, forestry wastes, agricultural and industrial effluents, medical wastes, industrial wastes, used tires, sewage sludge, shale oil, sour natural gas and many other traditional and non-traditional waste materials.

(a) Biosphere Process & Biosphere are copyright trademarks of the Life Energy Partnership 1995 and the Company.

(b) EcoTechnology is a copyright trademark of the Life Energy Partnership 1995 and the Company.

SOURCE: Life Energy & Technology Holdings, Inc.
CONTACT: Life Energy & Technology Holdings, Inc.
Dr. C.A. McCormack, 866-616-5433
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