SOURCE: Global Enterprises Group, Inc.

Global Enterprises Group, Inc.

February 24, 2015 10:30 ET

Global Enterprises Group (GLHO) Subsidiary Signs MOU to Acquire Granite Quarry and Mining Assets

VIRGINIA BEACH, VA--(Marketwired - Feb 24, 2015) - Global Enterprises Group, Inc. (OTC PINK: GLHO) announces the signing of a "Memorandum of Understanding" (MOU) to acquire certain granite quarry and mining assets in Sierra Leone, Africa.

Global Enterprises subsidiary, JP Anderson (SL) Limited, focuses on the acquisition and management of assets to supply the fast growing infrastructure development in Sub-Sahara Africa. Under the current MOU, JP Anderson is acquiring the rights to a 400-acre granite quarry located in Kenema, Sierra Leone. The Kenema quarry has deposits of approximately 80-100 million tons of granite.

About Global Enterprises Group
Headquartered in Virginia Beach, Virginia, Global Enterprises Group, Inc. operates as a diversified holding company with subsidiaries that operate in infrastructure development, mining, power generation, power consulting and green energy development.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127 and/or www.glho.net.

Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.

Contact Information

  • Contact:
    Rich Kaiser
    YES INTERNATIONAL
    757-306-6090