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JSC Globotek Named "Best Ecological Project of the Year"
| Source: Caribbean Villa Catering Company
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 www.worldscg.com.
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. There is no assurance that a definitive agreement will be
completed.