NASSAU, Bahamas, Oct. 12 /PRNewswire-FirstCall/ -- Global Environmental
Energy Corp. (OTC Bulletin Board: GEECF - Xetra Frankfurt: GLI) confirmed
today that its subsidiary, Biosphere Development Corp., a Corporation
registered in the Commonwealth of the Bahamas, has incorporated International
Environmental Energy Corporation in Hong Kong.
    This new company has been incorporated in Hong Kong in line with the
agreement signed on August 27th 2005 between Biosphere Development Corp., the
Shenzhen Branch of Yankuang Group Co., Ltd., and the Shenzhen Rayes Group Co.
Ltd.
    The agreement signed on August 27th 2005 requires this new company to
apply for listing on the Hong Kong stock exchange.
    Biosphere Development Corp., owns 70% of International Environmental
Energy Corporation. The Shenzhen Branch of Yankuang Group Co., Ltd., owns 30%
of International Environmental Energy Corporation.
    The function of International Environmental Energy Corporation in addition
to managing a number of new Joint Venture Companies, is to manufacture, deploy
and operate Biosphere Process(TM) System's in China, whilst establishing
investment and financing for the purpose of establishing Biosphere Process(TM)
System's in the PRC market.
    The Shenzhen Branch of Yankuang Group Co., Ltd., is investing USD$4.5
million (Approx. RMB 36.5 million) in cash to capitalize International
Environmental Energy Corporation and will hold 30% of the equity shares of
International Environmental Energy Corporation. Biosphere Development Corp.,
is investing invest shares of Global Environmental Energy Corp., with an
agreed value of USD$13.125 million United States Dollars (Approx.
RMB106.3Million).
    Yankuang Group Co., Ltd., has subsidiaries listed on the New York Stock
exchange (ADS: YZC), the Hong Kong Stock Exchange (Code number 1171) and
Shanghai Securities Exchange (Code number 600188).
    Yankuang Group Co., Ltd., has assets of RMB 22.844 billion (@USD$2.82
Billion United States Dollars), and is engaged in coal production and sales,
coal chemical, civil engineering, etc., with annual total sales income of RMB
11.258 billion.
    Biosphere and their partners the Shenzhen Branch of Yankuang Group Co.,
Ltd., and the Shenzhen Rayes Group Co. Ltd., have chosen Shenzhen, Yantai and
Guiling as suitable cities to establish 3 to 5 Biosphere Process System's and
thereafter to establish no less than 30 Biosphere Process System's.
    This stage of the program is estimated to generate gross sales in excess
of USD$200 million to the Chinese Biosphere consortium. The parties have
agreed to manufacture no less than 1,300 Biosphere Process System's in the PRC
within 5 years. This stage of the program is estimated to generate gross sales
in excess of USD$4 billion per annum to the Chinese Biosphere consortium.
    Biosphere Development Corp., has already sold the first Biosphere
Process(TM) System to Biosphere (Asia Pacific) Company Limited to be delivered
to one of Asia Pacific's Chinese customers. This System has been sold for
USD$8,500,000 and is scheduled to be shipped to China before the end of
October 2005.

    About the Shenzhen Rayes Group Co. Ltd.
    The Shenzhen Rayes Group Co. Ltd., also known as China Online, is
registered in Shenzhen and its main business is in developing network
infrastructure and services via China Online (COL). Since 1994, COL has
deployed a large-scale ISP network with national coverage of 105 major cities
in China. COL was approved by MII (Ministry of Information Industry, formerly
Ministry of Post and Telecommunications) in 1997 as a national ISP and related
services provider. COL and China Telecom's 169 national ISP networks have a
strategic alliance since 1998. Shenzhen Rayes Group's registration capital is
RMB 0.19 billion (@USD$23.4 Million United States Dollars) with total asset of
RMB 2 billion (@USD$246.9 Million United States Dollars). Its business ranges
from investment, real-estate development, ISP, to international business. From
1996 to 1998, China Online was China's largest system's integration and
network solutions provider and was an industry leader in providing business-
to-business Internet and software applications, infrastructure applications,
network, and integration applications solutions for Chinese companies, with
emphasis in servicing the manufacturing sector of Southern China. China Online
has operations in 105 large and medium-sized cities throughout China with over
2,000 professionals on staff at its peak period. Key partners and customers of
the Rayes Group include Microsoft and Compaq of the U.S., the Beijing Telecom
Bureau, and the China Industrial Economy Association.

    About Biosphere Development Corp.
    As provided for in Biospheres contracts with its Chinese partners this
project is expected to manufacture, market, deploy and participate in the
operation of at least 1,300 of Biosphere Development Corp's., Biosphere
Process(TM) System's in China by 2010 and as per Biosphere's agreements this
project will be financed by Biosphere's Chinese partners together with a
consortium of Chinese banks.
    Biosphere Development Corp's unique proprietary technology,
EcoTechnology(TM), supplies energy through an efficient and environmentally
safe process. The Biosphere Process(TM) System, a central part of the
EcoTechnology(TM) system, can safely and efficiently process traditional and
non-traditional waste materials into electricity and other beneficial by-
products. The Biosphere Process(TM) can assist in solving the global waste
problem by converting into clean, green electricity such waste materials as:
municipal solid waste (MSW), agricultural surpluses, agricultural effluents,
forestry wastes, sewage sludge, medical waste, industrial wastes, flared
natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil,
waste drilling muds and fluids, and many other traditional and non-traditional
waste materials.
    Biosphere Development Corp., was initially formed as a subsidiary of
Global Environmental Energy Corp, (OTC Bulletin Board: GEECF - FWB: LFT).
Global Environmental Energy Corp. maintains a web site at
http://www.globalenvironmentalenergy.com/index.htm.
    Biosphere Development Corp., intends to become a fully reporting and
trading company in the near term future.

    About the renewable energy market in China.
    The new joint venture will open the Chinese market (a estimated population
of 1,298,847,624  http://www.cia.gov) for Biosphere Development Corp's
Biosphere(TM) Process System's. China, which is already experiencing an
electricity shortfall of 450 million to 550 million kilowatts per annum is set
to quadruple its national economy to USD$6.8 trillion per annum by 2020.
(http://www.freerepublic.com). With Chinese authorities planning to achieve a
target of 10% of electric power generation from renewable energy between 2010
and 2012, many local governments, such as Beijing, Shenzhen, Tianjin, have
enacted local policies to encourage municipal solid waste gasification
projects, like the Biosphere(TM) Process System. Beijing will invest RMB 54
Billion (@USD$6.6 Billion United States Dollars) to develop and encourage
municipal solid waste gasification projects with the cities paying subsidies
to companies involved in municipal solid waste gasification. A further example
of the gravity with which these projects are being undertaken is provided by
the city of Shenzhen in Guangdong province, which plans to build 7 new
municipal solid waste gasification facilities this year (2005) while closing
existing municipal solid waste landfills. Shenzhen's goal for 2005 is to
divert 9,100 tons of municipal solid waste per day away from landfills and
into gasification.
    This large venture has been instituted to fulfill an urgent need for waste
disposal and energy generation in China.  During the last two decades, the
economy of China has been growing at an annual rate of almost 10%. The total
amount of waste generated has been growing at a similar pace of 8-10%
annually. Currently, every Chinese person produces every year on average 440
kg of solid waste. Using this waste as a fuel source can do much to alleviate
China's growing energy needs while reducing their reliance on fuel oil and
imports. According to a report from the China Power Enterprise Association
periodic blackouts are set to continue in the coming months in south China's
Guangdong Province, east China's Anhui, Jiangsu and Zhejiang provinces and
Shanghai, southwest China's Sichuan Province and Chongqing Municipality and
Northwest China's Gansu, Qinghai and Shaanxi provinces and the Ninxia Hui
Autonomous Region, and north China's Hebei and Shanxi provinces. Eastern China
has shortages of 10 to 15 million kilowatts, southern China is short 5 million
kilowatts, northern China is short 3 million kilowatts, and central China is
short 3 million kilowatts. These shortages affect present industries as well
as new industrial opportunities.

    About Global Environmental Energy Corp.
    Global Environmental Energy Corp., is a Corporation registered in the
Commonwealth of the Bahamas and publicly traded on stock markets both in
Germany and the United Sates (the Corporation). Global Environmental Energy
Corp. is becoming a fully integrated energy company whose interests will
include traditional oil and gas and alternative energy sources, environmental
infrastructure and electrical micro-power generation.

    Note to Investors
    This press release contains forward-looking information within the meaning
of Section 27A of the Securities Act of the 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbor created by
those sections. The forward-looking information is based upon current
information and expectations regarding Global Environmental Energy Corp. These
estimates and statements speak only as of the date on which they are made, are
not guarantees of future performance, and involve certain risks, uncertainties
and assumptions that are difficult to predict. Therefore, actual outcomes and
results could materially differ from what is expressed, implied, or forecasted
in such forward-looking statements.

    Global Environmental Energy Corp. assumes no obligation to update the
information contained in this press release. Global Environmental Energy
Corp.'s future results may be impacted by risks associated with rapid
technological change, new technological developments and implementations,
execution issues associated with new technology, manufacturing production to
meet demand, litigation, media publicity and the negative impact this could
have on sales, competition, financial and budgetary constraints of prospects
and customers, international order delays, dependence upon limited source
suppliers, fluctuations in component pricing, government regulations,
dependence upon key employees, and its ability to retain employees. GEECF's
future results may also be impacted by other risk factors listed from time to
time in its SEC filings.

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