Global Holdings, Inc. Joint Venture With Aufbau Laboratories, LLC to Advance Tea Kettles; 20,000 Kettles in Production Expected
Global Holdings (OTCBB: GOHG) is currently negotiating with Aufbau Laboratories, LLC, a New-York-State registered, limited liability company, to move forward with a novel, radical design for a tea kettle. According to a report produced by Packaged Facts, total sales of tea for year 2007 were $7.4 billion, an increase of 12% from 2006 with an expected gross of $15 billion by 2012. Given the radical growth of the flavored tea industry, a product which guarantees to increase efficacy and flavor by 61% is a great secondary product to the beverage market.
Global Holdings President, Terrance Tecco, stated, "This product is ideal for infomercial advertising and distribution among health conscious consumers. Our target outlets would be pharmacies, supplement stores and diet/nutrition stores in addition to TV, radio and internet sales. For our company, 20,000 kettles would be the equivalent of $500,000 in revenue.
The large heating requirements for water coupled with the inefficient design of the majority of tea kettles results in significant flavor, and thus money, losses due to wasted heat. Aufbau's radical redesign incorporates advanced thermodynamics and fluid mechanics, simple fabrication, and standard, food-grade stainless steel. Standard testing data (available upon request) demonstrated a staggering 61% increase in efficiency on gas-heated stoves (1.5 liters), when compared to five leading competitors' models.
Following short- and medium-term financing agreements with Global, Aufbau will immediately begin large-scale production and targeted market penetration for both models of this patent-pending device.
Global Holdings, Inc. (OTCBB: GOHG)
Global Holdings, Inc.'s objective is to acquire, partner with and promote advanced technologies through management coaching, effective intellectual property deployment, business networking and intelligent financial solutions. The company is a technology incubator that offers a specialized menu of support resources and services. Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions and effective business design.
Website: www.globalholdingsinc.net
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Global Holding's filings with the Securities & Exchange Commission.
Contact:
Mr. Robert Adams
Phone: (214) 843-0503
Website: www.globalholdingsinc.net
AI
