(EMAILWIRE.COM, February 26, 2010 ) Oklahona City, Ok - Caribbean Villa Catering Corp./ JSC Globotek (OTC.BB:CBBV - News) announced today that further to an extensive feasibility study, the company has signed a letter of intent with Imperial Energy to build and install two APG processing plants.

According to the letter of intent, the company will build and install two APG processing plants at Imperial Energy's oil fields in Tomsk, Russia. The announcement is made further to the successful feasibility study performed by the company, which is similar to work already performed for Tatneft Oil, where Globotek received payment of $500,000 USD for the work.

"We are pleased that Imperial Energy has chosen Globotek as their preferred solution for APG flaring," said Dmitry Lukin, CEO of Globotek. "We anticipate that these initial installations in the Tomsk oil producing region will be the first of many, and that this work with Imperial Energy will build a foundation for a long-term partnership," further added Mr. Lukin.

Imperial Energy Corp. PLC is a wholly owned subsidiary of ONGC Videsh Ltd., a subsidiary of the flagship National Oil Company of India, which operates extensive upstream drilling and exploration activities in Western Siberia in addition to its operations in 18 countries around the world. http://www.imperialenergy.com/en/

About JSC Globotek
Globotek is the developer and owner of a unique technology for the processing of Associated Petroleum Gas (APG) that is carried out at the drilling field by a Modular Mobile Structure. Globotek's process involves the use of block-modular mobile complexes that each contains mini gas processing units. Globotek presently supplies only the Russian market but its product can be utilized wherever APG is flared. The advantages of the Globotek product are many, but can be summarized as speed of construction and installation, small cost and a worldwide market. Russian legislation mandates that all oil fields in Russia must process APG to the international 95% standard by January 2012.
www.globotek-ir.com
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