SOURCE: Global Earth Energy Inc.

February 17, 2011 08:00 ET

Global Earth Energy, Inc. Announces the Addition of Mr. Richard Chenel to the Board of Advisors

WILMINGTON, NC--(Marketwire - February 17, 2011) - Global Earth Energy, Inc. (OTCBB: GLER) is pleased to announce an addition of our management team and the first of our new Board of Advisors, Mr. Richard Chenel.

Mr. Chenel has spent nearly 30 years in the financial services industry. He began his career at Goldman Sachs where he spent 10 years in the Corporate Finance Department. One of his responsibilities included counter-party risk analysis and credit management for the firm's then $15 billion institutional money market funds. Richard also was involved in product development and marketing for Goldman's then top ranked Money Markets Group. Mr. Chenel also spent over 8 years at J.P. Morgan Securities in the Capital Markets Group where he was involved in origination and product development -- primarily focused on debt securities five years and shorter. 

In 2004, Mr. Chenel started his own consulting group, Conduit Advisory Group, Inc. ("CAGI"), to advise companies on capital raising and debt restructuring. In 2005, Richard co-founded a life insurance premium finance and life settlements company, C2 Advisors, LLC. Mr. Chenel was responsible for raising capital for C2 and successfully raised over $125 million in debt financing from two institutional investors. Before leaving the company, Mr. Chenel established a $150 million warehouse line of credit from a leading German bank for funding premiums under C2's premium finance platform and acquiring life settlements for C2's life settlement portfolio. Richard was also responsible for structuring C2's two business strategies and overseeing all legal matters for the firm, including the legal documentation for both lines of business. Today, C2 is run solely by Mr. Chenel's co-founding partner and is focused exclusively on traditional, full recourse premium finance.

Since founding CAGI, Mr. Chenel has completed several rated and unrated securitizations and established a $10 billion U.S. commercial paper conduit, Times Square Funding, LLC, for a leading German bank. One of Richard's current clients is a multi-hundred million dollar real estate hedge based in California. Mr. Chenel is presently advising the funds' manager on restructuring one of its onshore funds. This restructuring is scheduled to close in early-2010.

Mr. Chenel is a graduate of Bowdoin College in Maine with a BA degree in economics and has a MBA in finance from NY University.

About Global Earth Energy Inc.

Global Earth Energy Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Certain risks are detailed in the Company's Form 10-K and other periodic filings with the Securities Exchange Commission at This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contact Information