SOURCE: World Health Energy Holdings, Inc.

December 20, 2010 11:29 ET

World Health Energy Holdings, Inc. Forms New Subsidiary, GNE-Croatia Inc.

GNE-Croatia Inc. Expands World Health Energy's Geographic Reach

NEW YORK, NY--(Marketwire - December 20, 2010) - World Health Energy Holdings, Inc. (PINKSHEETS: WHEN), http://www.worldhealthenergy.com, a public holding company operating in the alternative energy sector with a focus on biofuel production from algae, has signed an agreement that WHEN will receive a license from Global Natural Energy Cyprus Ltd., a Cyprus limited liability company located in the capital, Nicosia. The agreement allows World Health Energy to use the commercial name of GNE for a new wholly-owned subsidiary company named GNE-Croatia. WHEN has incorporated its new subsidiary, GNE-Croatia Inc., and is currently negotiating Joint Ventures in Croatia for algae farms utilizing WHEN's licensed algae to biofuel technology. GNE-Croatia Inc. expects to receive the full license agreement from GNE-Cyprus Ltd. by the end of January.

Croatia is strategically located at a crossroads between eastern and western Europe and provides the geographical advantage of economically supplying both Eastern and Western Europe through significantly decreased shipping costs. 

The Croatian government is also interested in helping to promote the development of alternative energy industries in Croatia. The country currently imports 58 Million barrels of oil a year. In addition, the climate in Croatia is favorable to growing the algae feedstock.

World Health Energy Holdings, a fully-compliant, transparent public entity, will continue to keep its shareholders and the public apprised on the progress of the previously announced joint venture to install a 250-acre algae production commercial farm in the Ramanagara District of Karnataka, India. The development of the algae farm is for the production of fish feed for fish farms and algal oil for diesel 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. The GNE Commercial Algae tech systems can supply oil for diesel and protein for food production (the efficient production of high protein fish feed for commercial fish farms) at a cost competitive with world commodity prices. 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 bio-fuels produced from algae, which boasts substantially higher yields in comparison to ethanol derived from corn, rapeseed, jathropha and palm oil. The company also works with visionary enterprises in the multi-billion dollar renewable energy arena producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide. 

Shareholders and interested investors who would like to be added to World Health Energy Holdings' corporate e-mail list are encouraged to send an e-mail to info@worldhealthenergy.com for all future corporate press releases and industry updates.

About World Health Energy Holdings, Inc. http://www.worldhealthenergy.com 

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 Global Natural Energy Ltd. www.gne.bz 

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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