SOURCE: World Health Energy Holdings, Inc.

May 17, 2011 09:15 ET

World Health Energy Holdings, Inc. Announces Addition of Edward H. Blum to Company Advisory Board

Mergers and Acquisitions and Financial Experience to Assist Company's Business Development

NEW YORK, NY--(Marketwire - May 17, 2011) - World Health Energy Holdings, Inc. (PINKSHEETS: WHEN), a public holding company operating in the alternative energy sector, announced today that the company's wholly owned subsidiary, GNE-India, has appointed Mr. Edward H. Blum to its advisory board.

Prior to his current position as founder of Blum & Co., an advisory and finance services firm, Mr. Blum was founder, President, Chief Executive Officer, and Managing Director of Maryland National Investment Banking Company, a subsidiary of MNC Financial, then a $23 billion bank holding company. Under his leadership, in the Company's first full year of operation American Banker ranked Maryland National #8 among all banks in mergers and acquisitions.

Earlier, he directed a worldwide specialty energy and technology financing group in the Investment Banking Division of Merrill Lynch Capital Markets and served on the Board of Directors of Merrill Lynch's R&D/Venture Fund. He and his colleagues developed a number of innovative financing techniques that have since become widely accepted.

While with Merrill Lynch, Mr. Blum managed or was a senior participant in more than 40 transactions. These included financings totaling several billion dollars and major mergers and leveraged buyouts. Notably, he was a senior member of the team that represented Gulf Oil in its defense and ultimate $13 billion sale to Chevron, and managed the $125 million leveraged buyout of a Shell Oil division -- one of the first LBOs to be largely financed with high-yield bonds. He also negotiated a range of strategic partnerships between established and emerging companies involving marketing and other alliances in addition to financing.

Mr. Blum served as a senior U.S. Government official, for several years as Director of the Office of Advanced Technology for the U.S. Department of Energy. There he held budgetary and policy oversight responsibility for the Department's more than $5 billion annual turnover in technology programs. He also was active in the Department's technology commercialization activities and in the development and enactment of major energy legislation.

Earlier, he was Vice President for a subsidiary of the Rand Corporation, where he formulated, marketed, negotiated, and managed projects and programs for Federal, state, and local governments and public/private consortia. His work there received major national and international recognition, including awards in management science and technological innovation -- the latter for an advance in fire-fighting technology now known as "Rapid Water."

Previously, he served on the engineering and public affairs faculties of Princeton University. He also served nine years as a Trustee of the University of Detroit and has served on numerous Federal advisory boards, including seven years as a member of what is now the National Renewable Energy Laboratory's Advisory Board and three years as a founding member of its Technology Commercialization Board.

He served on the Board of Directors and Chaired the Board Audit Committee of Periphonics Corporation, a $175 million sales manufacturer of interactive voice response and other advanced communications systems, from its IPO through its sale to Nortel Networks. He currently serves as Chairman of Fairfax County, VA's Information Technology Policy Advisory Committee. He has served on the Board of Directors of Thames Water Holdings Incorporated, the U.S. subsidiary of Thames Water PLC, a substantial UK utility. His biography has appeared in Who's Who in America, Who's Who in Finance and Industry, Who's Who in the South and Southwest, Who's Who in Science & Engineering and Who's Who in the World. He holds degrees in chemical engineering with minors in economics: a B.S. from Carnegie-Mellon University and an M.A. and Ph.D. from Princeton University.

As previously announced, World Health Energy Holdings, Inc. acquired GNE-India, an algae technology company with the distribution and licensing rights to the GB3000 system, a proprietary system for the efficient production of algae. GNE-India owns and retains the distribution and sales rights for the proprietary technology in both India and Sri Lanka.

World Health Energy Holdings, Inc. has launched a business plan focused on biofuels produced from algae which produces substantially higher yields in comparison to ethanol derived from corn, rapeseed, jatropha and palm oil. The company also works with visionary enterprises in the multi-billion dollar renewable energy sector producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide.

Shareholders and interested investors who would like to be added to WHEN's corporate e-mail list are encouraged to send an e-mail to for all future corporate press releases and industry updates.

About World Health Energy Holdings, Inc.

World Health Energy Holdings, Inc. is an emerging renewable energy and biofuel company. The company will produce, sub-license and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels with proprietary algae biofuel systems.

About GNE-India, Inc.

GNE Global Natural Energy Ltd. is an algae tech company with unique systems to grow algae commercially for energy and food. The Company was founded by top experts in the plant and algae field after several years of Research and Development to create affordable and viable algae biofuel systems.

"Safe Harbor Statement" Under The Private Securities Litigation Reform Act Of 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause World Health Energy Holdings, Inc.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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