Another Winning Trade

[Bthe1]

Post # of 10323

NEWS!!!!!!!!!!!!

SARASOTA, FL -- (MARKET WIRE) -- 06/13/11 -- Global Technologies Group, Inc. (PINKSHEETS: GTGP) Global today announces status of all areas of business of the company to date.

Potential Acquisition

Global has completed all the necessary due diligence of the target company and the only remaining issue to be dealt with is the purchase price. Due to the timing of several large contracts which were entered into in the last few months the purchase price has been adjusted after each new contract was agreed to and accepted by the company to be acquired. As Global is moving through this process of evaluating the value of each new Global is formulating a purchase agreement with its' Investment banker whereby a price will be determined based on the present value of the company to include any additional new contracts which happen prior to a closing.

The current results of the joint venture agreements:
M2/MBS MSE is authoring a report to be presented by them to the-the Annual Waste Management (WM) Conference , presented by WM Symposia (WMS), is widely regarded as the premier international conference on the management of radioactive materials and related topics. WM2012 is the 38th year of the conference and is expected to attract over 2,000 nuclear specialists from over 35 countries, presenting more than 500 papers in over 90 technical sessions. WMS was founded to provide a forum for discussing and seeking cost-effective and environmentally responsible solutions for the safe management and disposition of radioactive waste and radioactive materials. This year the conference theme for WM2012 is: Improving the Future in Waste Management. Sponsoring organizations include the American Nuclear Society (ANS), the American Society of Mechanical Engineers (ASME) and the Organization for Economic Co-operation and Development/Nuclear Energy Agency (OECD/NEA). The conference is also organized with input from the US Department of Energy (DOE), the US Nuclear Regulatory Commission (NRC), the US Environmental Protection Agency ( EPA ); the US Department of Defense ( DOD ) and the International Atomic Energy Agency (IAEA).

This is the next step for both M2 and Global as it puts the new combined technology tested and validated by MSE in front of the major government agencies they work with along with their credentials in this field. Both M2 and Global have also been in contact with several companies that are current clients and contacts of M2 and Global and were interested in the combined new product and were waiting for the final results and validation of the combined technologies which were achieved.

With the successful testing of MBS in a power plant for the successful removal of mercury from flu gas, we have been asked to provide a design for treatment of mercury for a well known Cement plant along with design features to retrofit the plant to use the MBS process. For this project, we are tasking MSE for design and implementation. It should be noted that the EPA has mandated all cement plants must confirm to the new regulations requiring the reduction and omission of mercury from their flu gas. Currently that encompasses over 140 thousand plants in this country alone.

M2/MSE/Global
We are preparing the required documents for submission for this 100 million dollar project with our partners.
NAVAL FACILITIES ENGINEERING COMMAND ATLANTIC ENVIRONMENTAL REMEDIAL ACTION CONTRACT (MOD) SOL: N62470-11-R-8004 DUE: 071211 Indefinite Delivery Indefinite Quantity (ID/IQ) type contract for one base year and four one-year option periods. The total maximum value for the contract is $100 million inclusive of the base year and all options. Work will be performed by the issuance of task orders. The work includes remedial actions at environmentally contaminated sites predominately located at Navy and Marine Corps Installations and other Government agencies. CITE: https://www.fbo.gov/?s=opportunity&mode=form&tab=core&id=e89e5ac78d3c8c5e045250a80445a179&_cview=0 Posted: 06/03/11 SPONSOR: N62470 NAVFAC ATLANTIC Code AQ 6506 Hampton Blvd, Building A Norfolk , VA PUBLICATION DATE: June 5, 2011 ISSUE: FBO-3480
E.m.h.i. and Solucorp

We are currently compiling all information, testing and background data for all uses of Emhi IFS technology as well as all uses of the MBS technology unrelated to the original license grant between Solucorp and Global.
We are currently in additional negotiations for sub licenses with several companies for use in various parts of the U.S. and the Middle East , for various technologies under license and joint Ventures.

We are also currently reviewing several brown field projects for remediation and redevelopment in several states which includes redevelopment agencies.
Middle East
In Israel , we are working with a well know law group both with offices in the U.S. and Israel regarding the new mandate from the Israeli government that states all hazardous sites in Israel must and will be cleaned up.
Global is currently updating its website which will contain further background on all of the above and moving to new offices and transisitioning during the next few weeks. The website will not be down during the updating as all changes and additions will be done on our mirror site and simply will be active when finished. The time frame for the website change will be Friday, June 17, 2011 .
Financials
We are currently finishing up the financials which will bring us up to date for uplifting to OTCBB. They should be completed for the year end June 30, 2011 and will be filed for that period prior to the final date for filing of that annual report.
For additional information on MSE, MBS, M2 and EMHI please visit our website at WWW.GLBTECH.COM
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.
Contact
James Fallacaro
Email Contact
941-685-1616
WWW.GLBTECH.COM