SOURCE: Global Earth Energy, Inc.

December 18, 2008 05:20 ET

Global Earth Energy, Inc. Announces Plans to Export Biodiesel Fuel to Europe

BUFFALO, NY--(Marketwire - December 18, 2008) - Global Earth Energy, Inc. (OTCBB: GEEG) ("Global" or the "Company") anticipates the opportunity to export the biodiesel produced at their chemical plant in Leland, NC. Due to the increase in taxes on biodiesel in Germany, there has been a decrease in the production of the alternative energy fuel. With the decline of sales and production overseas, there is an excess amount of feedstock, the raw material used to produce biodiesel. Feedstock is the largest cost in manufacturing the fuel source but Global now has the option to buy the feedstock at a discounted price from German sources. The slowdown could also expand Global's growing market of alternative green energy to Europe.

About Global Earth Energy, Inc. (OTCBB: GEEG)

Global Earth Energy's mandate is to build, own and operate green alternative energy technologies to aid the world's energy crisis and help relieve the green house effect. Global Earth Energy, Inc. plans to develop sustainable alternative energy sources that are situated close to the energy end users and tailored to their needs.

Forward-Looking Statements

Other than statements of historical fact, the statements included in this press release are forward-looking statements. Forward-looking terminology such as "will," "can be," "believe," "expect," "seek," "plan," or "anticipate." Forward-looking statements involve known and unknown risks and are subject to uncertainties and assumptions, and may include projections of Global Earth Energy's future financial performance based on growth strategies and anticipated business trends. Global Earth Energy believes the expectations revealed are reasonable; however, there is no guarantee for future results, performance, achievements, or level of activity. Results may differ materially to those reflected in the forward-looking statements. Forward-looking statements should not be read as predictions for future events. Factors such as funding, changes in consumer and business practices, and economic conditions can affect future results and are out of the control of Global Earth Energy. Global Earth Energy occasionally discusses risks and uncertainties in documents filed with the United States Securities and Exchange Commission and such documents should be considered. The forward-looking statements contained in this press release apply only to the date released. As conditions change, these forward-looking statements should not be relied upon. Unless required by law, Global Earth Energy is not obligated and undertakes no obligation to publicly release any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release.

Contact Information

  • For further information contact:

    Infinite Investor Relations, Inc.
    Email Contact
    31441 Santa Margarita Pkwy. Ste A-213
    Rancho Santa Margarita, CA 92688
    949-892-8116