Global Earth Energy Inc. (OTC:GLER) announced today it has entered into a joint venture partnership with Innovated Concepts of Ethanol, Corp. ("ICE"), a South Dakota corporation, which is in the business of ethanol. Jim Zook, CEO and president of ICE, stated, "The joint venture will have estimated gross revenues of $80 million per year for a total revenue of $800 million for the life of the agreement with a gross revenue value to GLER of $160 million." This agreement will be in effect for 10 years with a revenue sharing of 80% to ICE and 20% to GLER, according to the press release. The company closed yesterday at $0.012 per share and has a market cap of $2.7 million.ICE was created to serve the ethanol manufacturing industry from initial concept and design through construction, marketing, operations and processes. The ICE team is a leader with proven experience and a record of excellence in the ethanol bio-fuels industry. With a strong network of affiliate companies, ICE delivers cutting-edge technology and comprehensive services to not only create, but to maximize, bio-mass ethanol operation efficiencies.
Innovated Concepts of Ethanol, Corp. (ICE) is a bio-refining, consulting and services firm whose principals are experienced in all phases of management (business, design, construction, operations and employee training) in the ethanol industry.
Global Earth Energy provides renewable energy solutions. For more information, please visit the company’s Web site: www.globalearthenergy.com.
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