TORONTO, ONTARIO--(MARKET WIRE)--Oct 31, 2008 -- Certified Environmental Group, Inc (Other OTC:CENV.PK - News) today announced its Canadian subsidiary Global Life Holdings Inc. has entered into a Joint Venture company with Alzahid Group of Companies soon to be operating under the name of Alzahid Global Life Builders, located in Saudi Arabia.
Alzahid Group of Companies www.alzahidgroup.com operating since 1951 has evolved as a multi-billion dollar group of companies. Innovative and visionary they are excited to partner with CEG to execute environmentally friendly solutions to providing drinking water, building and power infrastructures for six new cities.
Lin Armstrong Sharwood President of Certified Environmental Group, explained "the Saudi Arabian and Middle East economy is booming, the opportunities seem endless as entire infrastructures for water, power and building will have to be created. Joining forces with Alzahid Group is a huge opportunity for this company and our shareholders with revenue projections that are not typical for a company just entering the public market".
Certified Environmental Group through our Canadian subsidiary Global Life Holdings Inc. produces a unique building system and ISO manufactured water purification plants powered by solar and or wind energy, perfect for the Saudi environment. CEG will join forces with Alzahid Group in the construction of six brand new cities. Cost effective and modular, CEG offers custom solutions that will generate incredible interest and growth for the next 15 years.
President Lin Armstrong Sharwood is expected to visit Alazhid company executives in Saudi Arabia in the next few weeks and will update shareholders as events unfold.
Certified Environmental Group develops and commercializes alternative energy solutions focusing on clean drinking water, power and shelter through its fully owned operating subsidiary Global Life Water. Visit us at www.certifiedenvironmentalgroup.com.
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Certified Environmental Group Inc. to be materially different from the statements made herein.
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