SOURCE: World Health Energy Holdings, Inc.

May 31, 2011 09:45 ET

World Health Energy Holdings, Inc. Reaches Memorandum of Understanding for Joint Venture to Develop Algae Biodiesel Production Farm

Joint Venture Agreement With Serial Business Founder, David J. Lobo, of Deejay Coconut Farm PVT

NEW YORK, NY--(Marketwire - May 31, 2011) - World Health Energy Holdings, Inc. (PINKSHEETS: WHEN) (OTCQB: WHEN), a public holding company focused on developing algae farms for the production of biodiesel and fish food for commercial fish farms, announced today that the company's wholly-owned subsidiary, GNE-India, has reached a Memorandum of Understanding with David Lobo from Deejay Coconut Farm PVT via a joint venture to initially build a 2.5-acre commercial algae farm in Bangalore, India. The projects will utilize the GB3000, an Algae Enhancement Technology used for the efficient production of rapidly growing algae.

Mr. David J. Lobo, the Chairman of BNM Enterprises Pvt Ltd., is a successful entrepreneur who began his business career in 1969 when he started his own Poultry Farm in 1969 and a Poultry Hatchery in 1972. Eventually Deejay Hatcheries produced over 100,000 poultry day old chicks per day with over 400,000 breeding stock by the year 1990. After conducting research on coconut hybridization in 1983 and Mr. Lobo now has the largest Hybrid Coconut Breeding farm in the country which boasts the most productive hybrid in the country, with a coconut palm that begins yielding coconuts in one third the time and producing 3 times the yield of non-hybrid coconuts palms ( Mr. Lobo launched another venture -- a shrimp hatchery business on the west coast of India in 1985 which continues to successfully operate throughout India.

Mr. Lobo's business expertise was tapped again in 1995, along with OSI Inc. from the US, by introducing the McDonald's fast food chain into the country. The Joint Venture (JV) was to set up a factory to produce and deliver products to every restaurant in the chain. He built and managed the factory for the JV -- Vista Processed Foods P L -- in its early years. As McDonalds insisted on management control, he relinquished some shares to the giant, who is now the major share holder in Vista. He had also floated another four Joint Ventures with foreign companies, two from the US and two from the UK.

In 2004, he assisted a group of young graduates and entrepreneurs to research and launch a new technology in the digital assets security space. The new company began to market its technology in 2009. The company has 16 patented applications filed and the first patent has been granted. The technology has been tested and certified by the most influential computer lab in the country, The Standards Testing and Quality Control Institute. This new technology is expected to bring a paradigm shift in the field of Digital Assets Security. Mr. Lobo believes there is now a solution to control piracy and counterfeiting and unauthorized duplication of any digital asset.

David Lobo also has been very active in the corporate social responsibility front with two other businessmen in 1982 when they started a MED [Micro Enterprise Development] Trust, The Bridge Foundation, which has grown all over South India and which has become one of the largest trusts in this space. The Bridge Foundation won an award as the most financially efficient development trust among similar trusts in over 65 countries. Tens of thousands of families have risen above the poverty line due to The Bridge Foundation with a majority of the beneficiaries being women. He is also one of the founders along with Prof. Philip, Past Director of IIM Bangalore, of The Xavier Institute of Management and entrepreneurship, a not-for-profit management education institute based in Bangalore. It was recently graded as one of the top twenty best run management institutes in Asia, evaluated by an independent French rating company. The Deejay Group of companies has won several awards at the state and central level, for productivity and rural development, including the National Productivity Council Award.

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 arena producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide. In addition, the company is pursuing an ancillary use of algae -- the efficient production of high protein fish feed for commercial fish farms.

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.

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