NEW YORK, NY--(Marketwire - March 22, 2010) -
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 email@example.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-Chol™ 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.