GEECF / XETRA:GLI : Chinese Financiers Increase Funding for An Ji Project, to $40,000,000

GEECF / XETRA:GLI : Chinese Financiers Increase Funding for An Ji Project, to $40,000,000

January 08, 2007

    NASSAU, Bahamas, Jan. 8 /Xinhua-PRNewswire/ -- Global
Environmental Energy Corp (Bahamas) (Trading Symbols:
Deutsche Bourse GLI (DE:GLI)- USA OTC Bulletin Board:
GEECF) subsidiary Biosphere Asia Pacific has partnered with
the Shing Tak Shun Tak Investment Co. Ltd., to finance
expanded projects in China. 

    The An Ji joint venture now financed by Shing Tak Shun
Tak will have a capital investment of approximately
$40,000,000, having been increased from $12,000,000 in the
short term thus allowing for the processing of 100,000
tonnes of MSW per year, as compared to the initial 40,000
tonnes target.

    Biosphere Asia Pacific owns 51% of the joint venture
and revenue will be derived from initial system sales,
maintenance contracts and Biosphere's participation in the
operating profits of the joint venture. Additional ongoing
projected revenues received from tipping fees and the sale
of electricity generated is estimated to be $15.1 million
per year. 

    Global is a Bahamian Company publicly traded on stock
markets in Germany and the United States. Global maintains
a web site at http://www.gli-geecf.com . 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.


    For more information, please contact: 

     Global 
     Tel:   [phone]
     Email: [e-mail] 


SOURCE  Global Environmental Energy Corp