SOURCE: World Health Energy Holdings, Inc.

April 14, 2011 12:10 ET

World Health Energy Holdings, Inc. Announces Signing of Memorandum of Understanding for Development of 250 Acre Algae Farm for Biodiesel Production

Joint Venture to Utilize Proprietary Algae Enhancement Technology for Efficient Production

NEW YORK, NY--(Marketwire - Apr 14, 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 signed a Memorandum of Understanding (MOU) with Prakash Anthony for a joint venture to install a 250 acre commercial algae biodiesel farm with a projected $100 million budget. The algae biodiesel farm will produce Fish Feed and Algal Oil and be located in the Ramanagara District of Karnataka, India. The initial project will consist of a 2.5 acre system using the GB3000, a proprietary algae enhancement technology, used for rapidly and efficiently growing algae for biodiesel production.

World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative system to grow algae quickly and efficiently for energy and food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka.

World Health Energy Holdings, Inc. has formulated a business plan focused on biofuels produced from algae which boasts 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.

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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.

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