Global Ecology Corporation Announces Joint Venture Agreement for Philippines River Clean Up
KEASBEY, N.J. –– Global Ecology Corporation (GEC) (Pink Sheets: HSYN) announced today that it has agreed to participate in a major Pasig River restoration project in the Philippines and has signed a joint venture agreement in connection with the project.
The Company has been invited to test its water purification and soil remediation technologies for the clean up of the river. The process, licensed by GEC, has been requested by the managing director of a major Philippines foundation. The director and her foundation are participants in the restoration project.
The 15 mile long Pasig River connects Laguna de Bay with Manila Bay. Technically a tidal estuary, the river has traditionally been an important transport and trade route but due to negligence and industrial development, the river has become very polluted and is considered dead (unable to sustain life) by ecologists.
GEC has established a joint venture with a U.S. partner who will provide on site supervision and initial funding for the testing of the river bottom sediment and contaminated water.
The Company’s CEO Peter Ubaldi said, “Our joint venture partners have long standing relationships in the Philippines. They have met with government officials and private industry leaders who are excited by our proposal.”
Additional meetings are planned for the second week in June in Manila with the Pasig River Rehabilitation Commission (PRRC) along with the mayors of several towns along the river. Preparation for on site testing has already begun and should be completed by the end of June.
The joint venture group also plans to enter into regional business ventures that will be substantially the same as the GEC’s ongoing soil remediation project in Juarez, Mexico. The objective is to meet the Philippines’ growing needs for nutrient rich soil additives for the agricultural industry and to substantially improve waste disposal methods for municipalities.
About Global Ecology Corporation
Through its extensive network, Global Ecology Corporation (GEC) has obtained licensing rights to several EPA-approved technologies in the water treatment and soil remediation fields. These proprietary technologies help reduce algae, bottom sludge and harmful bacteria and are able to provide "green" and if needed, transportable methods to recover the usability of water, soil and land. For more information, please visit www.geco.us
An investment profile on Global Ecology may be found at www.hawkassociates.com/profile/hsyn.cfm
Investors may contact President and CEO Peter Ubaldi at 732-738-8031 or Frank Hawkins at Hawk Associates, at 305-451-1888, e-mail: email@example.com. To receive future releases in e-mail alerts, sign up at www.hawkssociates.com/about/alert.
This news release includes forward-looking statements regarding, among other things, the company's business and financial plans, strategies and prospects. Although the company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements made in this news release include market conditions and those set forth in any reports or documents that the company may publicly file from time to time.