Tuesday, 24 September 2013 04:30 PM
Las Vegas, NV / ACCESSWIRE / September 24, 2013 / GEI GLOBAL ENERGY CORP (OTC:QB GEIG) announced that the Company is working with Owl Eco Group to build a 100 Megawatt Power Plant located in western Pennsylvania, within the massive Marcellus shale natural gas fields. The project would generate electrical power using GLOBAL ENERGY CORP’S innovative technology and will include a dedicated natural gas well drilled specifically for GEI.
The project will be comprised of 1,000 individual 100 kW natural gas fueled HTPEM fuel cell power systems with a project budget of approximately $470 million dollars with an estimated $94 million in profit to GEI GLOBAL ENERGY CORP.
CBRE (COMMERCIAL REAL ESTATE SERVICES) (NYSE:CBG) has not committed to funding the project. CBRE’s letter to Owl Eco Group simply describes the debt and equity services available to it should it engage CBRE's assistance to locate funding on Owl's behalf.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mining exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
GEI GLOBAL ENERGY CORP
Dr. K. Joel Berry: CEO AND CHAIRMAN
Phone: 702-425-2873
http://www.geiinvestor.com/