Dallas, TX 6/3/2009 9:59:29 AM
News / Finance

Global 8 Environmental Technologies Signs Letter of Intent to Acquire Cutting-Edge Recycling Facility – An OTCPicks.com Featured Penny Stock

Brian Dean, Publisher of OTCPicks.com, announced today that his firm has initiated Profile Coverage of Global 8 Environmental Technologies (OTCBB: GBLE) on their exclusive penny stock alert service. Mr. Dean comments, Global 8 Environmental Technologies, Inc., a company committed to preserving our planet through environmental consciousness, technology and education, today announced that it has signed a letter of intent to acquire a majority stake in Park Terrace Development Corporation, which operates a cutting-edge recycling facility in Peterborough, Ontario.

 

Due diligence on the facility has been completed by both parties, and the transaction is expected to close by June 15, 2009. The value of the property, located at 796 & 810 Technology Drive, Peterborough, Ontario was recently appraised at $5.8 million.

  

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To view the OTCPicks.com Company Profile for Global 8 Environmental Technologies, please visit http://www.otcpicks.com/global-8-environmental-tech.htm

 

About Global 8

 

Global 8 Environmental Technologies, Inc. works with world-class partners and consultants to provide solutions for the health and recovery of our environment. The company has the vision, the people, the know-how, the technologies, the financing and the contracts. It applies all these resources to create a clean and healthy global community for the next generation in a way that provides environmental and financial benefits to all our stakeholders. For more information, visit: http://www.g8et.com/.

 

About OTCPicks.com

 

OTCPicks.com is an Internet destination for investors seeking information on small cap and micro cap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.

 

Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

 

Disclosure: OTCPicks.com has been compensated three thousand dollars by a third party (Astor Capital) for GBLE advertising and promotional services.

 

OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.