Global Energy's Chief Executive Officer Issues Letter to Stockholders.

NEW YORK -- In a letter to company stockholders issued today, Mr. Asi Shalgi, Chief Executive Officer of Global Energy, Inc. ("Global Energy") (OTCBB:GEYI) stated the following:

Dear Shareholders,

It is a pleasure to write to you for the first time as the CEO of Global Energy on behalf of the management team, and it will not be the last as we embark on an exciting journey together. I am thrilled and grateful to have the opportunity to lead Global Energy forward in a world that is realizing the value of and the need for our technology and solutions.

Our strategy is to build and co-own, with strategic partners, industrial scale facilities that will utilize technology to which Global Energy and its affiliates have licensing rights to produce synthetic diesel fuel from different types of waste. With each project, our strategy is to form partnerships under long term contracts with local companies that have the ability to supply large, consistent quantities of appropriate waste feedstock and have the necessary operational and technical expertise to operate such diesel producing facilities.

The Company is currently negotiating with potential partners to build plants in the United States, China, Germany, Poland and Romania. We believe that at optimal capacity, these facilities should have the capability of producing synthetic diesel fuel at a competitive cost in today's market and present attractive profit to Global Energy.

We at Global Energy are excited about the recent developments moving toward the commercialization of our core licensed technology. Based on the production capabilities demonstrated by pilot projects, we believe that a single KDV500 unit is capable of producing approximately 500 liters of synthetic diesel fuel per hour, or approximately 1,200,000 gallons of diesel fuel per year. We are continuing our work and tests in order to maximize the potential of the KDV500.

It is my intention to steer the Company in a way that will build long-term sustainable value, especially in our core areas of competitive advantage where the future value of Global Energy lies. I believe that this approach will build a strong and profitable company that will maximize the value to our shareholders.

Sincerely,

Mr. Asi Shalgi
Chief Executive Officer
Global Energy, Inc.

About Global Energy, Inc.:

Global Energy, Inc. ("Global Energy") is commercializing innovative technologies to produce energy from different types of solid waste, while contributing to the effort of cleaner environment. Global Energy utilizes efficient and environmentally friendly technologies, which was developed and patented by acclaimed scientist. Through its marketing and distribution agreement with AlphaKat, for its proprietary KDV technology, Global Energy plans to gain significant market share in the waste-to-energy market and become a market leader.

For additional information please visit www.global-nrg.biz 

Safe Harbor for Forward-looking Statements:

Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the inherent uncertainties and speculative nature associated with biofuels and alternative fuel sources; (ii) potential environmental liabilities, weather, mechanical failures, safety concerns, labor problems and financing problems; (iii) changes in economic conditions, adverse exchange rates and financial markets; (iv) the risk that we will not be able to execute our business plan, such as entering into agreements with strategic partners, leasing land, obtaining loans, etc; (v) the inability to retain key employees; (vi) changes in energy prices and the high cost of alternative fuels; (vii) Global Energy's inability to finance its operations or growth; (viii) the inability to obtain all necessary governmental, environmental and regulatory approvals; (ix) an increase in competition in the biofuel and alternative fuel market; and (x) the possibility that our technology does not work as well as expected. Investors should consider all of these risks and should also refer to the risk factors disclosed in the SEC filings of Global Energy.