GLGT R/M POSSIBLE! MUST READ! Global General Technologies Inc. (GLGT) to Merge With China-Based Solar Panel Manufacturer
Global General Techs (USOTC:GLGT)
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Today : Wednesday 15 December 2010
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Global General Technologies Inc. (PINK SHEETS: GLGT) www.glgt-corporate.com is pleased to announce that the company intends to complete merger with a China-based solar panel manufacturer.
The merger candidate, ZhiHua Co-Channel Hi-Tech Co., Ltd., is China's most dynamic solar panel company, focusing on the production of high quality solar energy cell monocrystalline silicon chips, with solid silicon production. ZhiHua currently has nearly 100 employees, its engineering works cover an area of 32,000 square meters, and its building size is 2 million square meters.
The company boasts annual revenues in the $10 million dollar range, with its business activities split between domestic and foreign markets. ZhiHua Co-Channel Hi-Tech Co., Ltd. exports its green technology products to more than 10 countries. Also, the company has signed significant green energy contracts with municipal governments in China's Jiangxi province.
A new temporary web site is being launched today with images of the actual facility in China. www.glgt-corporate.com. The final logistics are being worked out with the appointment of new officers and directors including the new board will be appointed in concert with this merger within the next 4 to 6 weeks. GLGT is pleased with the progress and the merger candidate and sees this as a significant step forward as the company completes its 180 degree turn around and looks to 2011 with this game changing merge
