ODESSA, Fla., Dec. 3 /PRNewswire-FirstCall/ -- Global Energy Group, Inc. (OTC Bulletin Board: GENG) ("Global Energy") announced that Guy S. Frankenfield has been elected as Vice President - Sales for the company.

"I am extremely pleased to have someone with Guy's experience join Global Energy," said Joseph H. Richardson, President and Chief Executive Officer of the company. "His eight years of experience with Honeywell, Inc. in performance contracting," Richardson continued, "is ideally suited to our company's focus on developing and selling products that are very highly energy efficient."

In addition to the experience with Honeywell, Mr. Frankenfield spent eleven years at IBM and three years with Trane Corporation, a division of American Standard.

The addition of Mr. Frankenfield completes the creation of a new management team for the company. Mr. Richardson was named President and CEO of Global Energy on March 30, 2002. Previously, Richardson was with St. Petersburg, Florida-based Florida Power Corporation for close to twenty-five years. From 1996 until the company's acquisition by Progress Energy in late 2000, Richardson served as President and Chief Executive Officer of the $4 billion utility.

In addition to Richardson, Todd Van Hyfte joined the company as Executive Vice President - Marketing and Product Development, and Peter E. Toomey was appointed as Executive Vice President & Chief Financial Officer. Todd Van Hyfte came to Global Energy from Lennox Industries where he gained extensive experience in new product development and marketing. Previously, Van Hyfte was employed by Trane Corporation. Toomey served for sixteen years with Florida Progress Corporation in a variety of financial and strategic planning positions, most recently as Vice President - Corporate Development.

These four individuals join Thomas Hebert, who serves as the company's Vice-President of Research & Development, and Keith Glaze who serves as Vice President - Operations. Hebert invented most of the propertiary technology controlled by Global Energy. Glaze was with a division of York International from 1989 through 1997. Both Hebert and Glaze have been with Global Energy since its formation in 1998.

Global Energy was created for the primary purpose of inventing, developing and commercializing new technologies that improve the energy efficiency of existing products and processes. The company has a particular focus on, and significant skill in, applications that involve thermodynamics and heat exchange. These technologies have potential use in a number of industries, but due to the emphasis on thermodynamics, they are particularly significant to the heating, air conditioning and refrigeration (HVACR) industries. Global Energy currently holds the rights to eight patents and eight patent-pending applications. The first products that Global Energy intends to commercialize are in the HVACR markets.

"I was brought in to Global Energy last spring to help transition the company from research and development to commercialization of its products," said Richardson. "A key ingredient in this type of transition is the formation of a management team that has the breadth of experience to accomplish the task. I am extremely excited with the group that we have been able to assemble and believe that these additions will position us well over the upcoming years."

The corporate offices of Global Energy are located at 2346 Success Drive, Odessa, Florida 33556. More information on Global Energy and its products can be found on its website: www.gegsolutions.com.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Act Reform Act of 1995. Words or phrases like "we believe," "our goal is," "estimate," "project or projected," "will likely result," or similar expressions are intended to identify "forward-looking statements." Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

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