Global 8 Environmental Technologies Inc.(fka GBLE)

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ASC EXTENDS CEASE TRADE ORDER AGAINST GLOBAL 8 ENVIRONMENTAL TECHNOLOGIES, INC.
8/14/2009 5:46 PM - Canada NewsWire

CALGARY, Aug. 14, 2009 (Canada NewsWire via COMTEX News Network) --
The Alberta Securities Commission (ASC) has extended an Interim Cease Trade Order against Global 8 Environmental Technologies, Inc. The Interim Cease Trade Order remains in effect until a hearing into this matter is concluded and a decision is rendered, or until otherwise ordered by the ASC.

The ASC originally issued an Interim Cease Trade Order on July 30, 2009 after an ASC panel heard evidence from ASC staff that Global 8 Environmental Technologies engaged in an illegal distribution of Global 8 Environmental Technologies securities and failed to meet mandatory deadlines for filing its exempt distribution reports.

The Interim Cease Trade Order prohibits all trading in Global 8 Environmental Technologies securities, orders Global 8 Environmental Technologies to cease trading in all securities and denies the company the use of any Alberta securities laws exemptions.

Copies of the Interim Cease Trade Order, Extension Order and the Notice of Hearing can be found at www.albertasecurities.com.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital.

SOURCE: Alberta Securities Commission

For Media Inquiries: Mark Dickey, Senior Communications Advisor, [phone]; For Investor Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488

Copyright (C) 2009 CNW Group. All rights reserved.
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