The Hunt for the Next 10 Bagger

[Lafite1983]

GTGP Shareholder Letter released

(Summary)

Press Release Source: Global Technologies Group, Inc. On Monday June 13, 2011, 1:23 pm EDT
SARASOTA, FL--(Marketwire - 06/13/11) - Global Technologies Group, Inc. (Pinksheets:GTGP - News) 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.

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

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.