Global 8 Environmental Technologies Inc GBLE

BCSC news release

[mburns2000]

2011/02

January 5, 2011

BCSC Executive Director’s Bulletin: Securities regulator alleges Richmond man illegally sold

shares of U.S. company

Vancouver – The executive director of the British Columbia Securities Commission

has issued a notice of hearing alleging that a B.C. man contravened various securities

laws when he and the company he controls sold the shares of an issuer quoted on the

U.S. over-the-counter markets to 85 investors.

The notice of hearing says that Donald Verne Dyer, a Richmond, B.C. resident, raised

money for Global 8 Environmental Technologies, Inc. (Global 8) through Pacific Ocean

Resources Corporation (PORC), a Langley-based company that Dyer controls. The

notice also says that Dyer and PORC distributed approximately US $836,000 in Global

8 securities to 85 investors.

The notice alleges that:

Between November 2005 and July 2009, Dyer and PORC illegally telephoned

investors at their residences for the purpose of selling shares in Global 8, a

company quoted on the U.S. over-the-counter markets.

Dyer and PORC illegally distributed securities because they are not registered to

trade securities in B.C., and Global 8 has never filed a prospectus in B.C.

Dyer, as the sole director and officer of PORC, authorized, permitted, or

acquiesced in the company’s contraventions of securities laws, and, therefore

contravened the same securities laws.

These allegations have not been proven. Counsel for the executive director will apply

to set dates for a hearing into the allegations before a panel of commissioners on Jan

26, 2011.

The B.C. Securities Commission is the independent provincial government agency

responsible for regulating trading in securities within the province. You may view

the notice of hearing on our website, www.bcsc.bc.ca.