SUMMARY

GLOBAL ENERGY INC. (the "Company") was incorporated under the laws of Nevada on February 16, 1999, as Global Smartcards Inc. On April 28, 2003, the Company changed its name from Global Smartcards Inc. to Global Energy Inc. The original Articles of the Company authorized the issuance of twenty- five million (25,000,000) common shares, par value $0.001 per share. The Company is currently engaged in the search for a new business opportunity.

As of March 17, 2006 the Company had four million six hundred and fifty thousand (4,650,000) shares of its $0.001 par value common voting stock issued and outstanding which are held by forty-four (44)...