Global Earth Energy, Inc. (OTCBB: GLER), a U.S.-based provider of energy solutions, is extremely pleased to announce a joint venture with Reflora de Brazil, a Brazilian based company. Involved in Carbon sequestration, Reflora expects that potential gross revenues, which are cited by an independent third party, could exceed $200mm over the next decade, potentially reaching into the billions. Revenues are expected to begin by the third quarter of 2011.
Reflora de Brazil has the sole power to manage and control over 303,000 hectares (approximately 741,000 acres) of property in northern Brazil. These properties, along with the larger Amazon rainforest and surrounding areas, comprise one of the largest strongholds guarding against the ever increasing negative impact of greenhouse gas emissions. Through the United Nations and the Kyoto Protocol, a whole new industry in eco-system credits has been created and is rapidly expanding in an effort to off-set, neutralize, and reduce the negative impact of greenhouse gas emissions from industrialized and developing nations.
Global Earth Energy and Reflora de Brazil's eco-system business opportunities include, but are not limited to: development and sale of carbon off-set credits based on current forest and agricultural conditions existing on property, development, sale of carbon off-set credits generated from forest set-aside (avoided deforestation) projects in appropriate locales of property development, the sale of carbon off-set credits generated from controlled sustainable production, harvesting and sale of timber and bio-fuel crops, development and sale of water abatement, biodiversity, and conservation credits, and controlled sustainable production and sale of agricultural products including timber and bio-fuel crops.
'We are pleased to announce this joint venture and look forward to a profitable relationship as guardians of a part of the Amazon rain forest,' said Raymond Barbush, Director of Finance for Reflora de Brazil. 'We are very excited about our joint venture with Reflora. Revenues for Global Earth Energy, Inc. will begin in 2011 and will add greatly to Global Earth's earnings as Global Earth has a 40% partnership position with Reflora. This potentially could mean hundreds of millions of dollars in revenue over the next decade for our shareholders. Over the next few weeks details of the deal will be available for view on our website along with the full joint venture business plan,' said Sydney Harland, CEO of Global Earth Energy, Inc.