SOURCE: Caribbean Villa Catering Company

December 09, 2009 09:00 ET

JSC Globotek Named "Best Ecological Project of the Year"

NEW YORK, NY--(Marketwire - December 9, 2009) - JSC Globotek ("Globotek"), a Russian joint stock company in the energy reclamation business, received a Prize Laureate nomination in the field of Environmental Technology and was elected as 'Best Ecological Project of the Year' by the government of Russia through its Ministry of Natural Resources and Ecology.

The award ceremony attendees enjoyed a welcome speech by Natural Resources and Ecology Minister Yuri Trutnev, and the ceremony was attended by senior representatives of the Federal Government. The award further highlights Globotek's industrial, scientific and technological achievements in the area of conservation and environmental protection.

As noted by Yuri Trutnev, Minister for Natural Resources and Ecology of the Russian Federation:

"The award signifies a unique ecological certification for a business, and the winners will be in the roster of environmentally conscientious enterprises created by the Ministry of Natural Resources and Ecology, and will be allowed the right to use the official title 'Ecological Project of the Year,' approved by the government of the Russian Federation. An important function of the award is to encourage such projects."

Upon receiving the award, Dmitry Lukin, CEO of Globotek, stated: "Through our operations at various oil fields in the Kanti Mansisk region, we have successfully demonstrated our capability to process Associated Petroleum Gas (APG) directly at the Oil Field's well head, thus making it the most economically attractive solution for APG processing available today. Our technology allows for minimal construction costs, modularity, and mobility which means it is the only plant of its kind that can be used to process gas of any composition and under any conditions. We are sincerely thankful to receive this prestigious award and hope that this recognition provides irrefutable evidence that our product is the best available solution for oil fields around the world who are still flaring or venting APG into the atmosphere."

About JSC Globotek

Associated Petroleum Gas (APG) is a by-product of crude oil extraction and its flaring currently accounts for approximately 400 million tons of harmful greenhouse gas emissions into the atmosphere every year. APG flaring has far reaching effects on the environment, public health and the economy.

Globotek is the developer and owner of a unique technology for the processing of 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 contain mini gas processing units and can be used in any environment where APG is flared.

Earlier this year, Globotek entered into a letter of intent to merge with and into a public company in the U.S., Caribbean Villa Catering Corporation (OTCBB: CBBV) as part of its goal to gain increased international exposure and to provide transparency. Management believes this will support expansion opportunities into environmentally conscious markets around the world.

About Strategic Capitalization Group

Strategic Capitalization Group, a New York based entity, is in the business of bringing prominent and profitable private companies public in the United States via reverse merger. SCG provides each of its clients with comprehensive advisory services that include identifying an appropriate public vehicle, bringing on securities counsel, independent auditors and other professionals, assisting in securing lines of credit and project finance, and assisting as 'project leaders' for their international expansion plans. For further information about Strategic Capitalization Group, you may visit

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