Global Environmental Energy Corp. --Bahamas-- Today Announces a Pro Rata Stock Dividend of Global Environmental Energy Corp. Delaware, a Wholly Owned Subsidiary of GEECF, to Its Shareholders of Record as of May 28th, 2005.NASSAU, Bahamas -- Global Environmental Energy Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GEECF GEECF Global Environmental Energy Corp ) (FWB (Fixed Wireless Broadband) See fixed wireless. :LFT LFT left frontotransverse (position of the fetus). LFT Liver function tests, see there ) today announced that as of the record date of May 28, 2005, all shares of common stock of Global Environment Energy Corp. a Delaware Corporation, owned by the registrant Global Environmental Energy Corp. (GEECF) (Bahamas) will be distributed as a stock dividend on a pro-rata basis to all of the registrant's shareholders as of record date May 28th, 2005. After the distribution, which it is anticipated will be delivered on June 10, 2005, the registrant will own no shares of stock or equity in Global Environmental Energy Corp. a Delaware corporation. Global Environmental Energy Corp. Delaware's main asset is an approximate $25,000,000 loss carry forward, which the new officers and directors of the company are currently in negotiations to sell. All net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from such sale will be paid as a cash dividend on a pro rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. basis to holders of Global Environmental Energy Corp. Delaware. The Liabilities of Global Environmental Energy Corp. a Delaware Corporation include a judgment in favor of Snow Becker & Krauss in the amount of $150,000 and a court verdict and judgment entered against the Company on April 28, 2005 in Alexandria, Virginia, which may or may not stand on appeal for $1,974,800 in the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. between Anthony Liberatore, Elizabeth Liberatore, Mark Liberatore and Michael Liberatore vs. Life Energy & Technology Holdings, Inc. a Delaware Corporation. Global Environmental Energy Corp. Delaware believes it has meritorious defenses to this verdict and has authorized its attorneys to appeal same. The spin-off shares in Global Environmental Energy Corp. a Delaware corporation are not registered with the SEC and therefore are not freely tradable or transferable. The transfer agent, Signature Stock Transfer, will deliver the shares of Global Environmental Energy Corp. Delaware by June 10, 2005 without any action being necessary on the part of the shareholder of record. About Global Environmental Energy Corp. Delaware. Global Environmental Energy Corp. Delaware is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Global Environmental Energy Corp., a Nassau, Bahamas corporation. About Global Environmental Energy Corp. Global Environmental Energy Corp. (GEECF) intends to become a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Global Environmental Energy Corp.'s unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process. The Biosphere biosphere, irregularly shaped envelope of the earth's air, water, and land encompassing the heights and depths at which living things exist. The biosphere is a closed and self-regulating system (see ecology), sustained by grand-scale cycles of energy and of Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently process traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste “Municipal waste” redirects here. For other uses, see Municipal waste (disambiguation). Municipal solid waste (MSW) is a waste type that includes predominantly household waste (domestic waste) with sometimes the addition of commercial wastes collected by a (MSW (MicroSoft Word) See Microsoft Word. ), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulphur oils, waste bilge bilge n. 1. Nautical a. The rounded portion of a ship's hull, forming a transition between the bottom and the sides. b. The lowest inner part of a ship's hull. 2. Bilge water. 3. oil, waste drilling muds and fluids; and many other traditional and non-traditional waste materials. Note to Investors 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. The forward-looking information is based upon current information and expectations regarding Global Environmental Energy Corp. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements. Global Environmental Energy Corp. (GEECF) assumes no obligation to update the information contained in this press release. Global Environmental Energy Corp.'s future results may be impacted by risks associated with rapid technological change, new technological developments and implementations, execution issues associated with new technology, manufacturing production to meet demand, litigation, media publicity and the negative impact this could have on sales, competition, financial and budgetary constraints of prospects and customers, international order delays, dependence upon limited source suppliers, fluctuations in component pricing, government regulations, dependence upon key employees, and its ability to retain employees. GEECF's future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-QSBs and its Annual Report on Form 10-KSB. GEECF does not spam and does not condone spamming. |
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