GLER up 51% with very nice news...
GLER WILMINGTON, NC -- (MARKET WIRE) -- 12/08/10 -- Global Earth Energy, Inc. (OTCBB: GLER) is currently negotiating a joint venture with LIfeCycle
International Inc. to add $20,000,000.00 of hard assets to GLER in a non correlated field to diversify risk and add the component of hard assets to the firm. The deal is
expected to be finalized in the next couple of weeks when details will be released. GLER will also be releasing the independent studies concerning their joint venture with
Reflora de Brazil . The company will be posting the studies on their website in the next few days. The projections show a minimum of over $220,000,000 in gross revenue.
Avoided deforestation and the sales of REDD credits and REDD+ credits will be the driving force for the revenue generation, with major buyers being NGO's and private parties.
The studies will show only the first parcel of property concerning the joint venture between GLER/Reflora.
