MONTCLAIR, NJ -- (Marketwire) -- 06/01/11 -- Global Ecology Corporation (GEC), (OTCQB: GLEC) (PINKSHEETS: GLEC), announced today the signing of letters of intent with three towns in southern Alabama; Castleberry, Fort Deposit and White Hall, to develop waste remediation facilities for the production of natural fertilizer and soil additives. As an added benefit, the deployment of GEC's organic waste remediation technology will greatly reduce the need for acquiring additional landfill sites.
Funding for the project will be provided by each town through available grant programs in conjunction with private sector money. Each town will receive a percentage of the location's revenue. Each site will also will create new jobs for the local residents. The final product will be sold to local farmers, turf producers and golf courses and will be used for other agricultural applications.
Lenwood Herron, of Wenworth Corporation, an environmental consulting firm in New Brockton, Alabama, said, 'The use of waste from local sources for the creation of highly nutritious fertilizer will change the method of soil enhancement in the area while improving the local economy for small towns in rural Alabama.'
Global Ecology CEO Peter Ubaldi said, 'We are proud to be associated with Castleberry, Fort Deposit and White Hall. These communities have given us the opportunity to bring our process to the U.S. and we will help them create new jobs and substantial revenue. We look forward to expanding this form of public/private partnership in other areas of the country.'
This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to whether the Company can complete the transactions as contemplated in this news release and whether the Company will be able to successfully market and profit from the products produced. Actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties regarding changes in the environmental industry; the uncertainties relating to the implementation of our business strategy; uncertainties related to acquisitions; and other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
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