Advanced Plant Pharmaceuticals, Inc. to Acquire Majority Interest in GNE-India and Relaunch Company in Alternative Energy Market
March 22 2010 - 10:44AM
Marketwired
Advanced Plant Pharmaceuticals, Inc. (PINKSHEETS: APPI) announced
the signing of a Memorandum of Understanding to acquire a majority
interest in GNE-India, an algae technology company which has the
rights for using and distributing 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.
Contract terms and details will be announced upon the signing of
a definitive agreement.
APPI has received its new CUSIP number and is applying to FINRA
for a new ticker symbol to reflect the name change to World Health
Energy Holdings, Inc.
The company has engaged an accounting firm which is in the
process of updating financials statements to be made available to
shareholders and posted on Pink Sheets.
To be added to APPI's corporate e-mail list for shareholders and
interested investors, please send an e-mail to
info@worldhealthenergy.com.
About Advanced Plant Pharmaceuticals, Inc. Advanced Plant
Pharmaceuticals, Inc. (APPI) focuses on the research and
development of whole plant-based nutritionals. The company has a
composition-oriented patent for a proprietary process of utilizing
whole plants to safely manufacture all-natural nutritional
supplements. APPI markets and distributes its line of products
including Lo-Cholâ„¢ worldwide through various sales distribution
channels.
About World Health Energy Inc. http://www.worldhealthenergy.com
World Health Energy, Inc., still known as Advanced Plant
Pharmaceuticals to the financial markets, is an emerging renewable
energy and biofuel company. The company will produce, sub-license
and market high-quality, low cost B100 Biodiesel to replace
traditional fossil fuels.
About GNE-India, Inc http://www.globalworldenergy.org
GNE Global Natural Energy Ltd. is an algae tech company with
unique systems to grow algae commercially for energy and food. The
Company was founded by top experts in the plant and algae field
after several years of Research and Development to create
affordable and viable algae biofuel systems.
"Safe Harbor Statement" Under The Private Securities Litigation
Reform Act Of 1995
This press release contains forward-looking statements that
involve risks and uncertainties. The statements in this release are
forward-looking statements that are made pursuant to safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
Actual results, events and performance could vary materially from
those contemplated by these forward-looking statements. These
statements involve known and unknown risks and uncertainties, which
may cause Advanced Plant Pharmaceuticals, Inc.'s actual results in
future periods to differ materially from results expressed or
implied by forward-looking statements. These risks and
uncertainties include, among other things, product demand and
market competition. You should independently investigate and fully
understand all risks before making investment decisions.
CONTACT: Advanced Plant Pharmaceuticals, Inc. Investor
Relations: 212-444-1019 info@worldhealthenergy.com