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Global Ecology Corporation: Global Ecology Corporation Announces South Asia Water Purification Partnership

^{Published on 2009-06-10 11:23:36, Last Modified on 2009-06-10 11:24:43 - Market Wire}
 

KEASBEY, NJ--(Marketwire - June 10, 2009) - Global Ecology Corporation (GEC) (PINKSHEETS: [ HSYN ]) (f/k/a Homeland Security Network, Inc.) announced today that the company has entered into a binding Letter of Understanding with a group that has interests in Pakistan and Bangladesh for the manufacturing and distribution of a Mobile Water Purification System developed by GEC.

Under the terms of the agreement with Mogul International Group, Inc. (MI), GEC will share ownership through a jointly owned subsidiary, Global Water Systems, Inc. (GWS), for operations in Pakistan and Bangladesh. In addition to the sale of the units, a number of water distribution entities will be established that will pay GWS an ongoing royalty on a per gallon of water delivered basis. Once the new business model is implemented in these two countries, GEC and MI intend to replicate the format in other countries as opportunities arise.

As part of this venture, GEC will provide the technical expertise and knowledge to manufacture, operate and distribute the system in a number of configurations and capacities specifically modified to meet the unique needs of the region.

The other shareholder, MI, which has valuable working relationships in Pakistan and Bangladesh, will supply all the funding.

Global Ecology Chairman Joseph Battiato said, "Our newly improved Mobil Water Purification System has the ability to offer life changing assistance to regions of the world struggling with a limited supply of clean, safe drinking water. Our alliance with Mogul International gives us the financial and manufacturing capability at a local level to make our technology available to people in parts of the world that are without this most basic human requirement."

A representative of the newly formed company is currently in Bangladesh with the goal of establishing manufacturing facilities and finalizing the relationships with the initial group of water distributors in that country. He will travel from there to Pakistan to complete the same steps.

About Global Ecology Corporation

Through its extensive network, Global Ecology Corporation (GEC) has obtained licensing rights to technologies in the water treatment and soil remediation fields that have been EPA and Health Canada approved. These proprietary technologies help reduce algae, bottom sludge and harmful bacteria and are able to provide "green" and if needed, transportable methods to recover the usability of water, soil and land. For more information, please visit [ www.geco.us ].

An investment profile on Global Ecology may be found at [ http://www.hawkassociates.com/profile/hsyn.cfm ].

Investors may contact President & CEO Peter Ubaldi at 732-738-8031 or Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail: [ global.ecology@hawkassociates.com ]. To receive future releases in e-mail alerts, sign up at [ http://www.hawkassociates.com/about/alert ].

This news release includes forward-looking statements regarding, among other things, the company's business and financial plans, strategies and prospects. Although the company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements made in this news release include market conditions and those set forth in any reports or documents that the company may publicly file from time to time.