SOURCE: Boreal Water Collection, Inc.

December 29, 2010 14:32 ET

An LOI for Control Received by Boreal Water Collection From Global Biotech Corp.

Boreal's "Leisure Time Spring Water" and the Prominent Private Labelled Water Brands That It Bottles, Draws Attention of GBIQ

KIAMESHA LAKE, NY--(Marketwire - December 29, 2010) - Boreal Water Collection, Inc. (PINKSHEETS: BRWC) informs its shareholders that a letter of intent (LOI) to acquire control, was presented by Global Biotech Corp. (a publicly traded company under the symbol GBIQ on the OTCQB, and GBQ on the CNSX), to our President, Mrs. Francine Lavoie on Tuesday, the 28th of December, 2010. Global Biotech is the interested suitor that Boreal Water referred to in its press release of December 21st, "Interest Brews in Boreal Water Collection: Boreal Has Entered into Formal Talks." GBIQ along with its investment banker Credavise Inc., "a financial institution that finances high-growth public and private companies," have been actively following Boreal Water. They are fully aware of the strong positioning of Boreal in the New York and Tri-State area through its own trademarked Leisure Time Spring Water. In recognition of the many prominent private labelled water brands that Boreal bottles for, Global intends to leverage this expertise and talent for the launch of their own product lines of Aquaboost, an oxygenated spring water, and Quantum Boost, a unique proprietary formulation.

Boreal Water Collection will continue to study Global's offer and sign a NDA (Non-Disclosure Agreement) as it pursues its options.

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For more information on Boreal Water Collection, please contact us at 917-463-3389 or email us at investors@borealwater.com, sales@borealwater.com, or follow us at www.borealwater.com and on the different social media sites such as www.facebook.com/privatelabelbottledwater, www.linkedin.com/in/borealwater, and www.twitter.com/BorealWater.

About us: Boreal Water Collection is a personalized bottled water corporation, specialized in providing premium custom bottled water for your company and customers. Whether it is for publicity, promotion, marketing, internal use or a specific event, Boreal offers fully integrated turnkey service, with prize-winning Boreal private label water, made-to-order labelling, and distinctive water containers. Unlike other competitors, Boreal also has exclusive access to two pristine and abundant springs, one an award winning source deep in the untouched wilds of Canada and the other in the prestigious Catskill Mountains in New York. With exclusive unlimited exploitation rights, Boreal has a confirmed volume in excess of thousands of millions of gallons.

Forward-Looking Statements: Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

About: Cred Advise, Inc is a turn-key solution for a wide diversification of financial products and services. With the economy in an ongoing recession, there is a need to address the financial hardships and lack of options individuals and business owners are finding difficulty dealing with. Cred Advise, Inc. is a financial institution that finances high-growth public and private companies. This private equity firm has helped its clients grow their business by providing funding to pursue viable and responsible ventures.

Cred Advise, Inc.'s strategic positioning has allowed them to become a leader in the capital markets. Its approach to today's market has granted a competitive advantage as traditional financing options are scarcely available. Cred Advise, Inc. has 6 billion dollars in lending power through its network of hedge funds and private equity relationships.

About: Global Biotech Corp. is dedicated to investigating and developing Green technology platforms to conserve our natural resources, by curbing the negative impacts of human involvement. Global is positioning its "Aquaboost"(tm) product as a top quality oxygenated water due to its unique oxygenation level (up to 100 p.p.m. and greater), ability to retain this level of oxygenation over lengthy periods of time and the purity of the product. The Company is also in the process of developing other naturally oxygenated beverages and fruit juices.

This press release may contain forward-looking statements that involve risks and uncertainties, which may include statements about business strategy and development plans, plans for entering into new business, anticipated sources of funds, including the proceeds from future operations, and plans, objectives, expectations and intentions contained in this Press Release that are not historical facts. When used in this Press Release, the words "expects," "intends," "projects," "plans," "believes," "seeks," "estimates" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risk and uncertainties, actual results could differ materially from those discussed in this Press Release. These risks are outlined in our SEC and SEDAR filings.

For further information: Louis Greco, President, Global Biotech Corp
Tel: 613 269 3030 
email- louisgreco@globalbiotechcorp.com

References and Past News Releases:

Global Biotech Corp has its sight on Boreal Water Collection Inc. as GBC present Letter of Intent to acquiring the company and its assets.

http://www.otcmarkets.com/stock/GBIQ/news

Credadvise Inc. Is Now The Investment Banker For Global Biotech Corp As It Assigns a 50 Million Dollar Equity Line Of Credit

http://www.otcmarkets.com/stock/GBIQ/news

Interest Brews in Boreal Water Collection: Boreal Has Entered Into Formal Talks

Boreal Continues to Quench the New York and Tri-States Area "Thirst" for Award Winning Pristine Water Through "Leisure Time Spring Water" and All the Renowned Private Labelled Water Brands That It Bottles

http://www.otcmarkets.com/stock/BRWC/news
http://www.marketwire.com/press-release/Interest-Brews-in-Boreal-Water-Collection-Boreal-Has-Entered-Into-Formal-Talks-1372220.htm

Boreal Water Sales to "Triple" as It Becomes a North American Bottler and Distributor of Private Labelled Water

Aggressive Growth, Acquisition Strategy Begun: Boreal Water Collection Becomes North American Bottler and Distributor Allowing Sales to Triple; Boreal Will Proceed With Friendly Takeover

http://www.otcmarkets.com/stock/BRWC/news
http://www.marketwire.com/press-release/Boreal-Water-Collection-Become-National-Distributor-With-Multi-Phased-Eco-Friendly-Growth-1365911.htm

Boreal Water Collection to Become a "National Distributor," With Multi-Phased Eco-Friendly Growth Strategy

http://www.otcmarkets.com/stock/BRWC/news
http://www.marketwire.com/press-release/Boreal-Water-Sales-Triple-as-It-Becomes-North-American-Bottler-Distributor-Private-Labelled-1367285.htm

Boreal Water Collection Enters Into Bold Eco-Friendly Partnership with The PLANET BOTTLE Corporation: "GREENEST Bottle on the Planet = Brand Power"

http://www.otcmarkets.com/stock/BRWC/news
http://www.marketwire.com/press-release/Boreal-Water-Collection-Enters-Into-Bold-Eco-Friendly-Partnership-With-The-PLANET-BOTTLE-1361518.htm

Boreal Water Collection Announces Achievement of & Current Information & Status as a Precursor to an Aggressive Growth, Acquisition and Diversification Strategy

http://www.otcmarkets.com/stock/BRWC/news?id=23029&b=y

Boreal Water Collection, Inc. announces agreement for exclusive bottling rights with Athlade, LLC

http://www.otcmarkets.com/stock/BRWC/news?id=21517&b=y