November 23, 2010

World Health Energy Holdings, Inc. Signs Letter of Intent to Install 250 Acre GB3000 Algae Enhancement Technology

World Health Energy Holdings, Inc., a public holding company operating in the alternative energy sector, announced today that the company's wholly-owned subsidiary, GNE-India, has signed a letter of intent with Prakash Anthony via a joint venture to install a 250 acre commercial farm on premises located in the Ramanagara District of Karnataka, India in order to produce fish feed and Algal Oil. The initial project will consist of a 2.5 acre system known as the GB3000, an Algae Enhancement Technology used for growing algae. The full Commercial and Technology agreements are to be signed by both parties within sixty days and planning of the initial system to begin immediately following the agreement. The company will inform shareholders of the projected completion date of the algae farm after the signing of the joint venture agreement.

World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative system to grow algae quickly and efficiently for energy and food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka.

World Health Energy Holdings, Inc. has formulated a business plan focused on biofuels produced from algae, which boasts substantially higher yields in comparison to ethanol derived from corn, rapeseed, jatropha and palm oil. The company also works with visionary enterprises in the multi-billion dollar renewable energy arena producing progressive, broad-based solutions for better physical, nutritional and environmental health worldwide. In addition, the company is pursuing an ancillary use of algae -- the efficient production of high protein fish feed for commercial fish farms.

Source : Press Release

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