New CFO Closes Initial Capital Raise to Mr. Meir Perry, CEO of Morgenperry Investments
NEW YORK, NY, Nov 09, 2011 (MARKETWIRE via COMTEX) -- World Health Energy Holdings, Inc. (otcqb:WHEN) (pinksheets:WHEN), a public holding company developing joint venture partnerships for algae production for biodiesel and commercial fish food, named Mr. Liran Kosman as the company's new Chief Financial Officer.
Mr. Liran Kosman has a BA degree in economics & business administration from Hebrew University. Mr. Kosman has a professional background working for the treasury of the Israeli Ministry of Education and for the budget department of the City of Jerusalem.
As new CFO, Mr. Kosman completed a $25,000 sale of WHEN restricted shares at $.001 per share, at a premium to the current market price, to Mr. Meir Perry from Morgenperry Investments.
Mr. Kosman said, "I am excited to be joining the World Health Energy management team and look forward to assisting WHEN with its capital needs, achieving financial flexibility and completing a number of significant algae projects in 2012."
World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative technology, the GNE GB 3000 system, to grow algae quickly and efficiently for the production of biodiesel and commercial fish food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka. The company has exclusive distribution and licensing rights to the GNE GB 3000 system in India and Croatia. Earlier this year, the GB 3000 system was used to grow a combination of local algae species, as well as Chlorella, targeting the product to the fish feed and biodiesel markets.
World Health Energy Holdings, Inc. is 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.
Ongoing Shareholder Updates
Shareholders and interested investors who would like to be added to WHEN's corporate e-mail list are encouraged to send an e-mail to firstname.lastname@example.org for all future corporate press releases and industry updates.
About World Health Energy Holdings, Inc.
World Health Energy Holdings, Inc. is an emerging algae for food and renewable energy biofuel company. The company will produce, sub-license and market high-quality, low cost B100 Biodiesel to replace traditional fossil fuels with proprietary algae biofuel systems. Corporate website: http://www.worldhealthenergy.com
About GNE-India, Inc. http://www.gne.bz
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 World Health Energy Holdings, 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.
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