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FARMINGTON HILLS, Mich., May 8, 2008 (PRIME NEWSWIRE) — LBO Capital Corp., (Other OTC:LBOA), a Colorado corporation (”LBO Capital”), and its subsidiary, Global Tech International, Inc. (”GTI”), a Delaware corporation, announced today that LBO Capital and GTI entered into a binding Definitive Agreement with Global Energy Conversions, LLC, a Michigan LLC (”GEC”). Terms of the binding Definitive Agreement were approved by the Board of Directors of LBO Capital on May 8, 2008.
Terms of the Definitive Agreement provide that GEC assigns its Intellectual Property “IP” interest related to ‘Gasoline from Plastics Technology’ to Ecoplastifuel, Inc., a Delaware corporation. Terms further provide for full disclosure of technical data and scientific facts relating to patents and process information related thereto.
Under the agreement, LBO Capital will own 80% of Ecoplastifuel, Inc. in exchange for 758,333 shares of LBO Capital common stock (post 1-for-8 reverse split). The subject IP technology, vested in Ecoplastifuel, Inc., relates to ‘Gasoline from Plastics Technology’. Additionally, subject technology ties to conversion of Plastic Wastes including Codes 2, 4, 5, and 6 directly into value-added fuels such as gasoline, lubricants and diesel fuel.
Dr. Swaminathan Ramesh, Founder, President, and CEO of GEC, stated that efficiency of the Ramesh process to convert plastic wastes to fuels is approximately 80% to 90%. Dr. Ramesh estimates that 10 pounds of plastic waste will yield about one (1) gallon of gasoline, lubricant or diesel fuel.
Dr. Ramesh dedicated over 20 years with BASF working on extensive research projects. He holds over 50 patents and has contributed articles to scientific publications, including Journal of the American Chemical Society. Dr. Ramesh founded Advanced Technologies of Michigan, Inc., a private company providing analytical and investigative services for paint and chemical companies.
In 2005, the United States generated about 246 million tons of municipal solid waste, according to U.S. Environmental Protection Agency (”EPA”) estimates. EPA reported that 79 million tons of such waste were recycled, while the remaining 166.7 million tons were combusted, disposed of in landfills, or otherwise disposed. Parties involved in the agreement view the development of new conversion processes, creating captive gasoline, lubricants, and diesel fuel from waste plastics, as representing a significant commercial opportunity and one also addressing timely ecological issues.

primenewswire.com

March 14 (Bloomberg) — A colossal, copper-domed hall, crowned with an eagle clutching a globe, would have loomed over Berlin if Adolf Hitler had realized his vision of Germania, the would-be capital of the Third Reich.
Designed to hold 180,000 Berliners, with room for another million people outside, the vast hall was projected to soar 320 meters into the sky, almost as high as East Berlin's television tower, dwarfing the Reichstag and the Brandenburg Gate.
The hall dominates an architectural model of the grand plan, on show at an exhibition called “Mythos Germania: Shadows and Traces of the Imperial Capital'' that opens in Berlin tomorrow.
The model was created for Oliver Hirschbiegel's film “The Downfall'' (2004), starring Bruno Ganz, which reenacts Hitler's last days in the bunker. Maps, photographs and explanations in English and German complete this compact show, housed in a plainly built new exhibition hall near the Holocaust memorial.
Hitler's chief architect Albert Speer, who died in 1981 at age 76, planned to change the course of the River Spree to get rid of some awkward bends, dig up seven cemeteries, and flatten hundreds of homes — not to mention the Swiss embassy — to make way for his monumental granite buildings. He aimed to complete the new city by 1950.
“Berlin will only be comparable as a world capital with ancient Egypt, Babylon or Rome,'' Hitler said. “What is London, what is Paris compared to that?''
It is unnerving to learn that Bloomberg's Berlin office stands on a spot that Speer had in mind for his gargantuan Armaments Ministry. The Reichstag was to be integrated into a row of buildings next to the great hall; it would have looked matchbox-sized by comparison.
A massive triumphal arch, almost 50 times the size of Paris's Arc de Triomphe, was to tower over a boulevard decorated with the weapons of vanquished enemies. Hitler, who had begun planning the arch in 1925 — years before taking power — wanted the names of all 1.8 million German soldiers who perished in World War I to be inscribed on it. He commissioned war reliefs by his favorite sculptor, Arno Breker, to decorate the base.

bloomberg.com

BEIJING - Beijing will meet its pledge to have clean air for the Summer Olympics, an environmental official said Tuesday, playing down worries that the city’s notorious smog will overshadow the Games.
Pollution-cutting measures in Beijing and surrounding areas were being intensified to make sure the air meets required standards, said State Environmental Protection Administration Vice Minister Zhang Lijun.
“After we have implemented all the measures, there is no problem for Beijing to meet the standards. We can deliver on our commitment,” Zhang said at a news conference on the sidelines of the annual session of the National People’s Congress, China’s legislature.
Zhang’s claim came a day after world marathon record-holder Haile Gebrselassie of Ethiopia said he might skip the long-distance running event in Beijing because of the city’s poor air quality.
Considered the world’s best distance runner, the 34-year-old Gebrselassie - who has asthma - fears his health could be damaged by running through the streets of the Chinese capital.
He said he would make a final decision in May after he finds out whether he qualifies for the 10,000-meter race. He would be a gold medal favourite if he did take part in either event.
A murky haze blankets Beijing on most days. With the Olympics around the corner, China has constantly been on the defensive over the pollution level.

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2008-03-13 09:02:33 US foreclosure activity rose in February
LOS ANGELES (AP) - Nearly 60 percent more U.S. homes faced foreclosure in February than in the same month last year, with Nevada, California and Florida showing the highest foreclosure rates, a research firm said Wednesday.
2008-03-13 08:46:50 UK's Darling confident economy can withstand credit crunch
LONDON (Thomson Financial) - Chancellor of the Exchequer Alistair Darling said he believes the UK economy will withstand the current economic turmoil and that the effects of the global credit crunch are largely confined to the financial services sector.
2008-03-13 08:02:52 Omega Insurance FY pretax surges; confident of growing profits, income
LONDON (Thomson Financial) - Omega Insurance Holdings Ltd said full-year pretax profits rose 163 pct after a robust performance in its underwriting business and maturing earnings streams as market conditions remained steady in most core areas.
2008-03-13 08:02:36 Polo Resources slashes size of placing due to difficult market conditions
LONDON (Thomson Financial) - Polo Resources Ltd said it has raised about 43.4 mln stg gross through a share placing after deciding to proceed with a firm placing only in light of difficult market conditions.

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