Global Technologies Group, Inc. Authorizes Issuance of Dividends
SARASOTA, FL, Dec 13, 2011 (MARKETWIRE via COMTEX) -- Global Technologies Group, Inc. (pinksheets:GTGP) (GLOBAL) -- The board of directors of Global have authorized the issuance of a dividend distribution of the common stock of Global Technology Holdings, Inc. to all shareholders of the common stock of Global Technologies Group, Inc.
Global will issue the dividend on a share for share basis to all the shareholders of record as of close of business on December 24, 2011. For each share of Global held as of the record date, shareholders will receive one share of Global Technology Holdings, Inc., a company that was formed specifically for the purpose of acquisitions and exclusive licensing of companies in the fields of remediation and sophisticated proven technologies.
Global has ordered the NOBO lists of all shareholders as well as the shareholders list from its transfer agent Pacific Stock Transfer for the effective date of December 24, 2011. Upon receipt, Global will file the appropriate forms with Finra outlining the terms of the dividend distribution.
"We feel that it is in the best interest of our shareholders to issue the dividend in advance of any pending acquisition and to let them know the structure of the distribution," stated James Fallacaro, President.
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 and for its own use. For our exclusive distribution and reseller agreements, we partner with appropriate representatives in the covered countries for resale of turn key projects.
For additional information on MSE, MBS, M2and please visit our website at WWW.GLBTECH.COM .
