Global Green Solutions Inc.
OTC Bulletin Board : GGRN

Global Green Solutions Inc.

March 23, 2007 10:00 ET

Global Green Solutions Expands Ecotechnology Business to South Africa

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 23, 2007) - Global Green Solutions Inc. (OTCBB:GGRN) (Cusip 37947A 105), a U.S. public ecotechnology company, and C&C Green Technologies PTY LTD., a South African private company, have signed an agreement to form a majority joint venture business in South Africa.

The new company, Global Green Solutions PTY LTD., will manufacture, market and sell Global Green Solutions' renewable alternative energy products, as well as providing technical support for projects in South Africa and sub-Sahara countries.

"Teaming with C&C Green Technologies presents new opportunities to expand our ecotechnology business internationally," said Doug Frater, president and CEO of Global Green Solutions. "Our renewable energy solutions are an excellent fit for a country on the verge of implementing widespread use of alternative energy."

"Vertigro, Global Green Solutions' algae-to-biofuel feedstock technology, is an excellent energy source for an arid country as it requires minimal water and no agricultural acreage, thus leaving desirable farmland for food crops," said Frater. "Its high production capabilities could meet much of their diesel fuel demands. South Africa also has a strong commitment, at both government and business levels, to reduce greenhouse gases, the primary cause of global warming. Vertigro's algae absorb large amounts of carbon dioxide, a greenhouse gas, from the atmosphere and industrial pollutants."

Global Green Solutions' Global Greensteam, which converts biomass (wood and crop waste) to low-cost steam, will also be greatly beneficial to South Africa. "Global Greensteam economically generates steam from biomass, which is abundant in the country. We will build biomass combustion units at customer sites throughout South Africa where the steam can be utilized to generate electrical power or provide industrial steam," Frater said.

South Africa is aggressively tackling the country's energy issues and has set a target for 10,000GWh (gigawatt hours) of energy to be produced from renewable energy sources by 2013. A key objective of the South African government to be environmentally responsible and renewable energy is a major component of this goal. Additionally, South Africa is a Kyoto non-Annex 1 country and the carbon dioxide emissions reduction programs can generate carbon credits if implemented under the United Nations Clean Development Mechanism. These carbon credits can be traded to Kyoto Annex 1 countries to offset their emission reduction targets.

Global Green Solutions Inc. (www.globalgreensolutionsinc.com) develops and implements ecotechnology solutions for renewable energy and the reduction of greenhouse gas emissions. Global Green Solutions Inc. is a U.S. public traded company (OTCBB:GGRN) with offices in Vancouver, San Diego, El Paso, London, Brussels, Caracas and Johannesburg.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the contents of this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission.

Contact Information

  • Global Green Solutions Inc.
    Bob Faris
    Investor Relations
    1-866-408-0153 or 1-800-877-1626
    or
    Global Green Solutions Inc.
    Steve McGuire
    Investor Relations
    1-866-408-0153 or 1-800-877-1626
    Website: www.globalgreensolutionsinc.com
    or
    McCloud Communications, LLC
    Marty Tullio
    Investor Relations
    1-949-553-9748
    Email: marty@mccloudcommunications.com
    or
    Vorticom Public Relations
    Nancy Tamosaitis
    Media Relations
    1-212-532-2208
    Email: nancyt@vorticom.com