Contact Information: GLOBAL CLEAN ENERGY, INC. Investor Relations 303-522-8449
Global Clean Energy, Inc. Receives Trading Symbol GCEI.OB
| Source: Global Clean Energy
DENVER, CO--(Marketwire - September 23, 2008) - Global Clean Energy, Inc. (the "Company")
(OTCBB : GCEI ) is pleased to announce that the Financial Industry Regulatory
Authority has approved the Company's common stock for quotation on the
Over-The-Counter Bulletin Board under the trading symbol "GCEI." Global
Clean anticipates that trading will commence later this week.
Global Clean Energy has been working diligently to become a significant
contributor to the future of clean energy. The Company has been active in
developing relationships with potential customers for its dredging and
gasification systems, and the Company has entered into certain agreements
with UK Coal Mining plc. ("UK Coal"), the largest coal producer in the
United Kingdom. The Company is currently working with UK Coal to finalize
the installation of a proprietary cyclonic dredging pump at UK Coal's
Pontefract, South Yorkshire facility. Subject to further testing, the
Company expects to commence dredging and processing the slurry and coal
fines from the slurry lake in Pontefract, South Yorkshire during the fourth
quarter of 2008. A patent application for the Company's proprietary
cyclonic dredging pump is currently pending before the U.S. Patent and
Trademark Office.
The Company is also working with UK Coal to construct, develop and
implement a gasification plant near UK Coal's Kellingley Colliery coal
plant to transform dirty coal into clean synthetic gas. As part of this
project, Cascades Engineering and Projects, a division of Cascades Canada
Inc. ("Cascades") is assisting the Company in the development of
gasification technology to be used at the Kellingley Colliery plant. The
Company, with the assistance of Cascades, intends to develop technology
that will be capable of processing up to 125 tons per day ("tpd") of
coal-based fuel through the transformation of dirty coal into clean
synthetic gas. After the 125-tpd gasifier is developed, and based on the
results of that development, the Company and Cascades will attempt to
develop a second plant capable of processing larger amounts of coal-based
fuel per day.
The Company is currently pursuing other potential customers for its
dredging and gasification systems.
Persons interested in obtaining more information concerning the Company
should either view the Company's website at www.globalcleanenergy.net, or
contact the Company's investor relations department at (303) 522-8449.
Forward-Looking Statements:
The Private Securities Litigation Reform Act of 1995 provides a safe harbor
for forward-looking statements made on behalf of the Company. All such
forward-looking statements are, by necessity, only estimates of future
results and actual results achieved by the Company may differ materially
from these statements due to a number of factors. Any forward-looking
statements speak only as of the date made. Statements made in this document
that are not purely historical are forward-looking statements, including
any statements as to beliefs, plans, expectations, or intentions regarding
the future. Risk factors that may cause results to differ from projections
include, without limitation, loss of suppliers, loss of customers,
inadequate capital, competition, loss of key executives and other economic
factors. The Company assumes no obligation to update these forward-looking
statements to reflect actual results, changes in assumptions or changes in
other factors affecting such statements. Factors that may impact the
Company's success are more fully disclosed in the Company's most recent
public filings with the U.S. Securities and Exchange Commission, and
potential investors should independently investigate and fully understand
all risks before making investment decisions.