Asia PR News

NASSAU, Bahamas, May 31 /PRNewswire-AsiaNet/ –

Global Environmental Energy Corp (Bahamas) (Trading Symbols: Deutsche Bourse
GLI (DE: GLI)- USA (OTC Bulletin Board: GEECF) subsidiary Biosphere Development
Corp., confirmed today that their Chinese partners have received the last
installment of their USD$11,000,000 financing to complete construction of the
An Ji project.

Civil engineering work at Biosphere’s first Chinese site in the City of An
Ji in Zheijiang Province has been ongoing for some time. Construction has
included the provision of transport infrastructure, the construction of
facilities to house both the garbage sorting and pelletizing equipment and the
Biosphere Process(TM) System with its boiler, turbine and generator package
and the provision of waste water collection and treatment facilities.

Additional Biospheres’ for An Ji will be manufactured by International
Environmental Energy Corporation (IEEC) under license from Biosphere Asia
Pacific Company Limited.

The system being installed at Anji was sold at a price of USD$8,500,000
and is one of 36 systems sold for USD$306,000,000 and being sited in China
this year. In addition to revenue derived from system sales, Biosphere will
participate in the operating profits from the An Ji project through its
shareholding in Hong Kong based Biosphere Asia Pacific.

Global is a Bahamian Company publicly traded on stock markets in Germany
and the United States. Biosphere is a subsidiary of Global. Global maintains a
web site at http://www.gli-geecf.com which provides relevant current company
information, news releases, and free access to "Real Time Level II Quotes"
charts and SEC filings to Global shareholders.

This press release contains forward-looking information within the meaning
of Section 27A of the Securities Act of the 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbor created by
those sections.

SOURCE Global Environmental Energy Corp

/CONTACT: Global Environmental Energy Corp, +1-242-323-0086,
global@coralwave.com/
/Web site: http://www.gli-geecf.com /
(GEECF)