Global Environmental Energy Corp., (GEECF) is today
regretfully advising shareholders and investors that it has
Cancelled for Cause its Biosphere ProcessTM System
manufacturing and operating license arrangements with the
Thai companies World Green Energy and its successor Bangkok
World Green Energy.
The cancellation was precipitated by the Thai parties
repeated breaches of contract terms and conditions,
breaches of territorial license restrictions, technical
misrepresentations, breaches of confidentiality clauses,
failure to meet financial compliance requirements, and
failure to pass financial and commercial due diligence.
World Green Energy and its successor Bangkok World Green
Energy have repeatedly failed to meet the most preliminary
due diligence requirements. Bangkok World Green Energy has
used proxy directors and has failed to provide a current
listing of the names of the Officers, Directors, and
Consultants at Bangkok World Green Energy and has failed to
confirm the identity of any other control parties at
Bangkok World Green Energy. On numerous occasions Bangkok
World Green Energy and its representatives have failed to
appropriately explain the company`s finances or its
corporate structure.
Bangkok World Green Energy has been unable even to provide
a list of its own shareholders.
GEECF has recently had cause to notify World Green Energy
and its successor Bangkok World Green Energy that their
website http://www.bwgenergy.com had published information
that GEECF considered to be "privileged
information" on the website http://www.bwgenergy.com.
GEECF insisted on the removal of that information from the
website http://www.bwgenergy.com. In addition GEECF has
repeatedly notified World Green Energy and its successor
Bangkok World Green Energy that their website
http://www.bwgenergy.com had published inaccurate,
misleading and potentially dangerous technical information
purporting to relate to the Biosphere ProcessTM System
technology. These inaccurate technical claims are not
endorsed by GEECF and demonstrate a significant lack of
technical expertise at World Green Energy and its successor
Bangkok World Green Energy. GEECF is again stating for the
record that Biosphere ProcessTM System technology does not
produce or separate syngas, it does not produce char and it
does not produce tar as claimed by World Green Energy and
its successor Bangkok World Green Energy on the website
http://www.bwgenergy.com. GEECF has repeatedly notified
World Green Energy and its successor Bangkok World Green
Energy that the information on the website
http://www.bwgenergy.com which is claimed by Bangkok World
Green Energy to be "Copyright 2012, Bangkok World
Green Energy,All Rights Reserved" is incorrect and not
just inaccurate and misleading but may in fact be dangerous
if not life threatening. GEECF has repeatedly urged World
Green Energy and its successor Bangkok World Green Energy
to hire only qualified experienced personnel.
GEECF is consequently unable to assure shareholders in
GEECF who controls Bangkok World Green Energy, what their
intentions are, and what the company`s financial condition
is or if the company is in fact even financially solvent.
GEECF is further unable to assure shareholders in GEECF if
World Green Energy and its successor Bangkok World Green
Energy are capable of financing, manufacturing, operating
or safeguarding the Biosphere ProcessTM System
technology.
GEECF has notified World Green Energy and its successor
Bangkok World Green Energy that the Biosphere ProcessTM
System manufacturing and operating license arrangements
have been cancelled. World Green Energy and its successor
Bangkok World Green Energy are required to return all
materials, designs, blueprints, work in progress, reports
etc., in the possession of World Green Energy and its
successor Bangkok World Green Energy to GEECF within 30
days.
Neither World Green Energy its successor Bangkok World
Green Energy, nor any of their designees, assigns or
representatives, hold or enjoy any rights to the Biosphere
ProcessTM System technology. Neither World Green Energy its
successor Bangkok World Green Energy, nor any of their
designees, assigns or representatives are licensed to
manufacture or operate the Biosphere ProcessTM System
technology.
World Green Energy and its successor Bangkok World Green
Energy are required to notify any and all agents,
contractors, subcontractors, service providers, investors,
financiers and all shareholders that these manufacturing
and operating license arrangements have been cancelled.
GEECF now recognizes no license agreements with World Green
Energy and its successor Bangkok World Green Energy.
GEECF does not recognize nor does it hold an equity
position in either of the companies World Green Energy and
/ or in its successor Bangkok World Green Energy. GEECF
does not know what the company structures are in either of
the companies World Green Energy or in its successor
Bangkok World Green Energy.
GEECF is advising shareholders in GEECF that these licenses
have been cancelled.
GEECF is not a participant in, does not endorse and cannot
verify claims reportedly being made to potential investors
in World Green Energy and its successor Bangkok World Green
Energy by the Thai parties and / or their
representatives.
GEECF has never exercised control over World Green Energy
and its successor Bangkok World Green Energy, has never had
an input into or responsibility for statements or
representations being made by World Green Energy and its
successor Bangkok World Green Energy, its / their Chairmen,
Officers, Directors, Consultants, and Employees, authorized
representatives or other parties acting as shadow directors
of Bangkok World Green Energy.
GEECF exercises no control over either World Green Energy
and / or its successor Bangkok World Green Energy, and
exercises no control over the officers, employees,
consultants or advisors of either World Green Energy and /
or its successor Bangkok World Green Energy or any of their
associated companies. As a policy, GEECF has no input to
representations or press releases made by its clients or
their associated companies and can therefore make no
comment or provide no assurance as to the veracity or
otherwise of any such representations or press releases or
the content thereof. GEECF does not authorize or approve
any of its clients or other third party press releases or
announcements prior to their publication or dissemination
nor does GEECF receive copies of such material prior to its
release. GEECF adopts the position that the veracity or
authenticity of any information contained in press
releases, representations, public statements, web sites,
web site postings or otherwise disseminated by the GEECF`s
clients or other third parties, is solely the
responsibility of the party providing the information. The
content (including information in the form of text or
graphics) of any third party information is solely the
responsibility of the provider of that third party
information. GEECF makes no attempt and is in no way
responsible for ensuring that the information provided by
third parties in representations or public statements is
reliable and / or accurate, GEECF is not responsible for
any such content (or the accuracy or veracity thereof) of
any third party information. GEECF disclaims any
responsibility for the content of third party information
provided by its clients in any public format.
This statement 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.
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