Global Earth Energy, Inc. provides renewable energy solutions and pursues joint venture agreements with solutions providers. The Company’s first two key joint ventures consist of a 300,000 hectares partnership with ReFlora De Brazil for the co-management of properties to create green financial products. The second joint venture is with LifeCycle Investments, a life settlement LLC, located in the Chicagoland area. Global Earth Energy Inc. has their headquarters in Wilmington, North Carolina.
Global Earth Energy Inc. and Reflora De Brazil, combined, hold more than 300,000 hectares of tropical forests in Brazil. The joint venture has hired a management team with global expertise managing more than 21,000,000 hectares. Global Earth and ReFloras eco-system business opportunities include, but are not limited to, development and sale of carbon-offset credits based on current rain forests and agricultural conditions existing in Brazil, and development and sale of carbon offset credits generated from forest set aside (avoided deforestation) projects in appropriate locales in Brazil.
Business opportunities also include development and sale of REDD and VER carbon credits generated from rain forests in Brazil; development and sale of water abatement, biodiversity, and conservation credits, and controlled sustainable production and sale of agricultural products, including timber and bio-fuel crops.
The joint venture will own and manage $12,000,000.00 in settlements. LifeCycle will continue to assemble portfolios of life settlements utilizing their network of aggregators and brokers. These include some of the largest leading life settlement aggregators in the United States. In pricing life settlements for possible acquisition by LifeCycle, LifeCycle will continue to use their successful proprietary pricing and bidding models.
Earlier this month, Global Earth Energy, Inc. announced, along with their joint venture partner Modern Coal, LLC, that they will complete the acquisition of Samuel Coal, Inc. by September 6, 2011 or sooner. Modern Coal, LLC is a Texas major contract mining company. The details for full production of site production are undergoing coordination with local resources under the supervision of the joint venture and Samuel Coal. Because of the abundance of resources on the Samuel Coal properties, the joint venture is currently ramping up to move forward with multiple Letters Of Intent already in place. The mines are located on approximately 5,000 acres near Hindman in the eastern part of Kentucky.
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