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Ault Glazer & Co., Inc. Announces the 100% Acquisition of Its Previously Majority Interest Stake in Global Authentication, Inc.
Monday May 19, 12:59 pm ET
Global Now a Wholly-Owned Subsidiary in Ault Glazer's Diversified Holdings


LOS ANGELES--(BUSINESS WIRE)--Ault Glazer & Co., Inc. (Pink Sheets:AULT) (“AGC”) announced today that through one of its subsidiaries, it finalized the purchase of 100% of Global Authentication, Inc. (“Global”). AGC, through Ault Glazer Capital Partners, LP, has been investing and lending to Global over the past two plus years. Global, a leading provider of grading and authentication services in sports memorabilia products to the collectables industry and on-line shopping communities such as E-bay, Overstock.com, and Amazon.com, will continue to operate as a stand-alone company with the current management team in place led by CEO Bill Dully.
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“It was an ideal progression to move forward with the 100% buy-out and we are excited to continue our relationship with Global Authentication. The company’s team of executives Mike Baker, Steve Rocchi and Steve Sipe have done an outstanding job of gaining market share and increasing revenue quarter over quarter under CEO Bill Dully’s leadership,” said Milton “Todd” Ault III, CEO and Chairman of Ault Glazer. “We believe in Global’s bright future and expect it to add significant revenue growth over time,” Mr. Ault said.

“The relationship with Ault Glazer was productive from its inception and it became a natural fit for us to be acquired and to become a part of the companies that make up Ault Glazer & Co,” said Jim Haas, Chairman of Global Authentication. “I look forward to seeing Global grow over time under Ault Glazer’s watchful supervision.”

Terms of the sale are undisclosed. More information on Ault Glazer & Co. can be found at www.aultglazer.com.

About Global Authentication, Inc.

Global Authentication, Inc. (“Global”), based in San Clemente, CA, provides grading and authentication services to the collectables industry and on-line shopping communities like EBay, Overstock.com, and Amazon.com, specifically in sports memorabilia products like baseball cards, and signature items where counterfeiting of such items is a particular problem. Global is only one of four authorized companies selected by EBay as part of their Trust and Safety Consortium used to prevent online fraud for buyers of collectables. Global's service is used for sports collectables including baseball cards, and signature items where counterfeiting of such items is a particular problem. It is also used for other widely collected items such as coins, comic books, and stamps. For more information, go to www.gacard.net.