December 15, 2008 14:45 ET

Global 8 Environmental Technologies, Inc. Revises Plans for Shares of Golden Bear Environmental Technologies, Inc.

NEWPORT BEACH, CA--(Marketwire - December 15, 2008) - On December 8, 2008 Global 8 Environmental Technologies, Inc. (OTCBB: GBLE) announced that the registered shareholders of record as of December 31, 2008 would receive one share of Golden Bear Environmental Technologies, Inc. for every one share of Global 8. Upon further investigation into the mechanics and compliance issues for making such a dividend, Global 8 seeks to clarify the company's options in this regard.

Global 8's goal is to proceed with the share dividend following compliance with all applicable securities laws and regulations, but can provide no assurances as to when this might occur. In the alternative, Global 8 will consider the sale of the Golden Bear shares and proceed with a cash dividend in lieu of a share dividend, if such a disposition is commercially viable. Global 8 apologizes for any confusion that the previous announcement may have caused.

Global 8 remains committed to its relationship with Golden Bear Environmental Technologies and looks forward to assisting them develop their resources, preserve the environment and provide environmental solutions and development of the natural resources on the land of the First Nations.

About Global 8 Environmental Technologies, Inc.

Global 8 Environmental Technologies, Inc. works with world-class partners and consultants to provide solutions for the health and recovery of our environment. The company has the vision, the people, the know-how, the technologies, the financing and the contracts. It applies all these resources to create a clean and healthy global community for the next generation in a way that provides environmental and financial benefits to all our stakeholders.

Forward-Looking and Cautionary Statements:

Certain statements contained herein, including, without limitation, statements containing the words "believes," "intends" and other words of similar import, constitute "forward-looking statements" within the meaning of Section 27A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to any share dividend or cash dividend in regards to the shares of Golden Bear Environmental Technologies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Global 8 Environmental Technologies, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Global 8 Environmental Technologies, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.