GEECF: Biosphere Development Corp Signs Letter Of Intent With Green Environmental Energy LLC.

Biosphere Development Corp (ISIN CA09072D1050, CUSIP 09072D105, WKN A1CWP7, DE:2BD) acknowledged today that it had signed a Letter of Intent with Ohio based Green Environmental Energy LLC., as represented by its President Mr. Leon Loewenstine.

The letter of intent is to allow the parties to negotiate a license agreement between Biosphere and Mr. Loewenstine to allow Green Environmental to sell, operate and or lease Biosphere Process Systems in North America. The intended license agreement will be granted for a period of 5 years with subsequent rollover options for further 5 to 10 year periods. Green Environmental Energy LLC. will be required to purchase its license and in addition to purchase at least 10 Biosphere Systems per year to maintain its license. Green Environmental Energy LLC. will also make payments to Biosphere under the license in the form of fees, royalties and profit sharing.

Biosphere markets Biosphere Systems on license from Global Environmental Energy Corp., (DE:GLI; OTC: GEECF.PK www.geecf.ru) in Asia and the Americas North & South. Biosphere is currently manufacturing Biosphere Systems in Thailand for delivery to True Green Energy in the Philippines (TGEG Canada, Deutsche Borse AG; DE:TGG) and to Bangkok World Green Energy. Bangkok World Green Energy has ordered 13 Biosphere Systems for deployment at its 13 Environmentally Approved sites in the Bangkok area.

GEECF is a fully integrated energy company whose interests include electrical power generation and waste management technologies. GEECF holds an exclusive licensing agreement with the inventors, developers and owners of the patented Biosphere Process™ System. Biosphere Development Corp (DE.2BD) markets Biospheres on license in Asia and the Americas North & South. GEECF receives revenues from operational Biospheres through Sales, Royalty and Fee agreements with its licensees and their sublicenses which provide for 25 year revenue streams payable to GEECF.

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 harbor created by those sections.