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Article: Globetech Environmental, Inc. Announces Signing of China Letter of Intent, Logmed Machine Sales Update, 10QSB Filing, BSE/Prion Update.
- Article from:
- Business Wire
- Article date:
- November 1, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, Alberta -- Globetech (OTCBB:GENV) CEO, D. Sampson is pleased to announce that the Company has signed a Confidentiality Agreement & Letter of Intent with Sumstar Group Corp ("Sumstar") of Beijing China. Sumstar will act as Globetech's exclusive agent for marketing Logmed machines and related technology to the People's Republic of China. The Letter of Intent also contemplates manufacturing Logmed machines in China under a yet-to-be negotiated manufacturing license, and establishing a joint venture company with Sumstar as partner to pursue Logmed project opportunities in China. Sumstar has indicated that the Chinese government will construct 616 medical waste ...
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