MANILA, Philippines, June 3 /PRNewswire/ -- On June 2, 2010 2 giant ships left Savannah Georgia headed for the port of Manila. Both the Hanjin vessel and the San Francisco vessel had loaded history making equipment that would be connected to the first ever Biosphere MKV5 to be deployed in San Fernando Philippines.
Today the Hanjin vessel loaded the first ever MRF system, 4-V–608-LS with pig tail and baling wire which is now on the way to the Philippines, while the other vessel "The San Francisco" had two forty foot open containers on board that carried all the mechanical recycling lines Vertical Balers, and motorized conveyer terminals and sorting system bins. The serial numbers for the four bailing systems are 12787, 12788, 12789, and 12790 under container #TOULU477150-1 and HJCU541166-6.
The founder of SBS/TGEG, Ronald Flynn explained that, "our partners and shareholders have been waiting for this day, and I certainly can't wait for them to read this announcement". We believe at the heart of our success lies our clear centric vision, a clear and consistent strategy, the strength of our organisation and our culture is sky rocketing because of the Biosphere green energy system that is being deploying on a global scale."
Flynn went on to explain, "Currently we are under major construction in our San Fernando site, as we are building a 3000 square meter facility that will house the MRF and Biosphere green energy system. For anyone interested who would like to see the progress of the site you can simply go to our web site at www.tgeg.asia and down load the CCT camera system via our home page so you can view the live construction." Our vision is to deliver consumers and customers a green energy and recycling center in San Fernando Philippines by September 2010.
True Green Energy Group (Tgeg) who is the parent company of Spectrum Blue Steel finalized a 5 million plus euro transaction for the purchase of the Biosphere MK5. The system will be delivered to the port of Manila by the Biosphere development corporation which is a subsidiary of the global environmental energy corporation listed on the NASDAQ.OB (GEECF.OB).
Spectrum Blue Steel on May 26th 2010 bank wired $100,000 United States dollars for a payment on the Biosphere system and TGEG made an additional deposit of 5 million euro for the Biosphere Development corporation via a stock delivery of (500,000) five hundred thousand shares of TGEG stock valued at ten euro per share. The total deposit will come off the price of the Biosphere system leaving a balance of 4 million USD.
TGEG is now set to go public on the Dax and will make an announcement before the end of June 2010. The pioneer partners and shareholders of Spectrum Blue steel received free trading UN- restricted stock for their participation of the Biosphere green energy project. The TGEG new listing in Germany owns the majority of all Spectrum Blue Steel Projects and also enjoys the benefits of being a Pilipino corporation with offshore entities in Canada, London, Romania, Brazil, Sweden, and in Guernsey.
Spectrum Blue Steel's strategy is to "de-carbonize" the electric power generation industry by shifting to non-fossil fuel-based energy sources, specifically energy-from-waste. This follows the Energy Policy Act of 2005 which confirmed energy-from-waste is renewable, and the Philippine Renewable Energy Law (RA 9513) of the Philippines.
Spectrum is a domestic corporation duly registered under the laws of the Philippines and holds a license to the Biosphere Technology from Global Environmental Energy Corporation (OTC Bulletin Board: GEECF). Global is a fully integrated energy company whose interests include electrical power generation, oil and gas exploration and production, clean coal and waste management technologies.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbour created by those sections.
CONTACT: Ronald Flynn
Spectrum Blue Steel Corporation
+639 1 8888 0017
SOURCE Spectrum Blue Steel