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Bullboard - Stock Discussion Forum Global 8 Environmental Technologies Inc GBLE

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Global 8 Environmental Technologies Inc > Global 8 signed a deal not an intent
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Post by OceanBlue11 on Aug 23, 2010 9:08am

Global 8 signed a deal not an intent

05.12.09
Global 8 Environmental Technologies, Inc. appointed to provide Environmental Technology Centers to Go Green Finance Corp.

Newport Beach—Global 8 Environmental Technologies, Inc. (OTCBB: GBLE), a company committed to preserving our planet through environmental consciousness, technology and education, today announced that it was appointed to be the exclusive provider of Environmental Technology Centers to Go Green Finance Corp., a Calgary-based financial institution.

“Our Environmental Technology Centers have the potential to drastically improve the quality of life for individuals and communities around the world,” said Javan Khazali, Chief Executive Officer of Global 8 Environmental Technologies, Inc. “The additional financial support from Go Green Financing allows us to pursue several large-scale opportunities for our Environmental Technology Centers and bring them to market.”

Go Green Financing will provide funding for projects including:  solar electric generation, geothermal for electricity generation, wind farms, hydroelectric technology systems, sewage treatment facilities, organic waste production, gasification systems, waste to energy combustion facilities, front-end processing recyclable extraction systems, and landfill gas and coal bed methane extraction, flaring and energy generation.

According to recent article by global news agency Inter Press Service, an estimated $52 billion was invested in renewable energy in 2006, up 33 percent from 2005. Preliminary estimates indicate that the figure reached $66 billion in 2007.

“Global 8’s Environmental Technology Centers are sustainable, profitable facilities with a wide range of benefits for potential customers around the world,” said Darren Randall, Director of Finance for Go Green Finance Corp. “We appointed Global 8 because of the sustainable value of their Environmental Technology Centers, experienced management team and scalable growth strategy. Go Green Finance Corp. and its partnerships have completed over a quarter-billion dollars in project financing and investments globally.”

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