SOURCE: Caribbean Villa Catering Company

February 08, 2010 09:00 ET

Globotek Files Revised SEC Form 8-K

NEW YORK, NY--(Marketwire - February 8, 2010) - JSC Globotek, a Russian energy reclamation company which recently completed a merger with Caribbean Villa Catering Corporation (OTCBB: CBBV), has filed a revised SEC form 8-K the company announced today.

Dr. Vladislav Tenenbaum, Director of External Relations and chairman of the board of directors, stated that the revised filing was necessary in order to accurately present the advantages of the Globotek system to the investing public and simultaneously announce the appointment of U.S. based director Veronica Palterovich to the board. "We are very pleased to have Ms. Palterovich join our team and her expertise with the laws of the USA as well as knowledge of international oil and gas markets will no doubt help us transform Globotek into a truly global company," Dr. Tenenbaum stated yesterday. Globotek have also retained RBSM, an internationally recognized accounting and audit firm, to prepare and file timely financial reports and audits as required by the SEC.

About JSC Globotek

Globotek is the developer and owner of a unique technology for the processing of Associated Petroleum Gas (APG) that is carried out at the drilling field by a Modular Mobile Structure. Globotek's process involves the use of block-modular mobile complexes that each contains mini gas processing units. Globotek presently supplies only the Russian market but its product can be utilized wherever APG is flared. The advantages of the Globotek product are many, but can be summarized as speed of construction and installation, small cost and a worldwide market. Russian legislation mandates that all oil fields in Russia must process APG to the international 95% standard by January 2012.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

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