News for 'GTGP' - (Global Technologies Group, Inc. Signs Additional Distribution and Reseller Agreement for the European Union and Canada)
SARASOTA, Fla., Oct 25, 2010 (BUSINESS WIRE) -- Global Technologies Group, Inc.
(GTGP.PK) has entered into a second distribution and reseller agreement with MSE
Technology Associates, Inc. (MSE-TA.COM). The countries covered by this
agreement include the European Union (twenty seven countries) and Canada. This
agreement covers all technologies and products that have been developed and
manufactured and are being developed by MSE. Global will also act as a
purchasing agent for the projects.
MSE has been in business for 35 years and deals mainly with the Department of
Energy and Military developing new technologies for specific purposes. MSE was
originally formed to test and demonstrate Magneto hydrodynamics (MHD) technology
at a new federally owned research site in Butte (the U.S. Department Of Energy
Western Environmental Technology Office (WETO). As they completed testing the
MHD technology (sponsored by the Department of Energy), MSE successfully shifted
into testing, demonstration, and commercial application of waste treatment
systems using temperature technologies and advanced chemical, biological, and
physical processes. In September 1996, MSE acqu ired and successfully privatized
the WETO facility. The facility is nationally known and a recognized, premier
testing site, applying government-sponsored programs and commercial projects in
waste treatment, environmental remediation, advanced materials, energy
conservation, and other innovative military technology areas. Processes for
technology development include bench-scale apparatus, engineering-scale
demonstrations and full-scale equipment development. For a complete description
of MSE technologies covered under our agreements please visit www.GLBTECH.COM
and view MSE.
Additional update: Global is currently negotiating a distribution and reseller
agreement with another partner company and is also compiling the necessary
information needed to bring the company's filings into compliance and return to
OTCBB listing. Further information covering the status of these two items will
be updated.
Global Technologies Group, Inc. (GLOBAL) is a company that is in the business of
acquiring exclusive licenses and distribution and reseller contracts on proven
technologies in the environmental, green and war fighter industries. The
criteria for the licensing or distribution agreements of the technologies are:
they must be proven, validated and in use. The business plan of Global is to
sublicense the technologies it acquires to companies in Countries covered under
the original license grants. For our exclusive distribution and reseller
agreements, we partner with appropriate representatives in the covered countries
for resale of turn key projects.
SOURCE: Global Technologies Group, Inc.
CONTACT:
Global Technologies Group, Inc.
James Fallacaro, 941-685-1616
jimf@glbtech.com
Copyright Business Wire 2010
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KEYWORD: United States
&nbs p; North America
Florida
INDUSTRY KEYWORD: Energy
Alternative Energy
Other Energy
Technology
Other Technology
Manufacturing
Engineering
Other Manufacturing
Defense
Other Defense
SUBJECT CODE: Contract/Agreement
