SOURCE: Golden Spirit Enterprises Ltd.

May 09, 2008 06:00 ET

Golden Spirit Forms Key Strategic Alliance

MONTREAL, QC--(Marketwire - May 9, 2008) - Golden Spirit Enterprises Ltd. (OTCBB: GSPT) reports that the Company signed an Agreement to form a strategic alliance with Companies West Group Inc. ("CWG"), a Colorado-based Company listed on the Frankfurt Exchange, for the purposes of exploiting the Company's CTC Greencycle technology known as the Thermal Oxidization Process System (TOPS) and Controlled Oxidization Environments (CORE).

The Company agrees to CWG using its CTC Greencycle technology to market and fund the implementation of its plants where applicable, specifically Europe.

CWG agrees that it will purchase the equivalent of 900,000 shares of the Company's issued and outstanding shares over a six month period ending October 31st, 2008. CWG has committed to purchasing a minimum of 450,000 shares of the Company's stock by July 31, 2008.

Company President Robert Klein states, "This alliance will serve to strengthen the Company's commitment to promote its CTC Greencycle 'Waste-to-Energy' technology as the premier environmental solution for municipal solid waste disposal worldwide."

/s/ Robert Klein
Robert Klein, President

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Golden Spirit's filings with the Securities & Exchange Commission.

Contact Information

  • For further information contact:
    Golden Spirit Enterprises Ltd.
    1-888-488-6882
    Visit our website at www.goldenspirit.ws