SOURCE: Caribbean Villa Catering Company

February 23, 2010 10:18 ET

(CBBV) JSC Globotek Appoints Two New Directors

NEW YORK, NY--(Marketwire - February 23, 2010) - Caribbean Villa Catering Corp./JSC Globotek (OTCBB: CBBV) announced the appointment of two new directors.

According to the company, the appointments come further to an overwhelming domestic and international interest for Globotek's technology. The first appointment was that of Mr. Amdt Von Oertzen, a well known international logistics consultant and specialist in LPG trading and transportation. Mr. Amdt Von Oertzen will serve as Chief of Personnel and will head the compensation committee. The second appointment is that of Mr. Sergey Sobolev, a Russian economist with vast experience in risk management, securities trading and financial controls. Mr. Sobolev will serve as Chief of Internal Audit.

"We are extremely happy with the new board members, their experience, and know-how will be a welcome addition to our team," said Dr. Tenenbaum, Chairman of the Board of Directors of Globotek. "The international expansion as well as the numerous implementations planned domestically will require a vast set of skills as currently demonstrated by our board and we are now in a great position for our next growth phase," further added Dr. Tenenbaum.

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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