Global Energy Holdings Group (GNH)

[ScovilleUnits]

GAEC LOI to buy GNH’s Blairstown, Iowa plant.

On July 28, 2009, the article attached hereto as Exhibit 99.1 was released by Gulf Alternative Energy Corporation (PinkSheets: GAEC) (“GAEC”) and appeared on the Business Wire. The article discusses, in part, a letter of intent between GAEC and Global Energy Holdings Group, Inc. (“GNH”) for the sale of GNH’s ethanol facility in Blairstown, Iowa to GAEC. The sale of the Blairstown, Iowa ethanol facility, as contemplated in the letter of intent, remains subject to several contingencies, including negotiation of a definitive agreement and GAEC’s satisfactory completion of its due diligence investigation of the Blairstown, Iowa ethanol facility.

8-K .... http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6441337