Solucorp Industries, Ltd (SLUP)

[SLUPPY]

Global Technologies Group, Inc. Completes Three Joint Venture Agreements Date : 05/23/2011 @ 10:32AM

Global Technologies Group, Inc. (PINKSHEETS: GTGP) has completed three Joint Venture agreements with its licensors and partners related to the following:

A Joint Venture with M2 Polymer, its licensor covering the new validated use of the combined MBS and M2 process for all uses for the single application of the mixture for dewatering and heavy metals remediation. The terms of the Joint Venture are that Global and M2 have agreed to split 50/50 percent of the net profits on all projects requiring that specific use. Global and Solucorp Industries, its licensor for the MBS technology for heavy metals remediation, has agreed to a Joint Venture for that specific use of the new mixture of MBS/M2 for all types of projects not covered under the original exclusive license grant and it will be 50 percent of net proceeds received by Global. Global's original license is for Brown Fields designated lands, Superfunds, reclamation and redevelopment.

A second Joint Venture agreement with Solucorp covers all applications of the MBS technology use with the exclusion of energy related projects. This JV will give Solucorp 50% of the net proceeds for any projects incorporating the MBS technology and does not affect the original exclusive license agreement Global was issued.

"With the addition of the East Morgan Holdings (EMHI) agreement for the IFS technologies, it gives Global a tremendous extension of depth and reach in the fields of remediation and in the treatment of heavy metals in other industries as well. It should be noted that Global has the exclusive distribution, reseller and purchasing agent agreements with M2 and MSE technology Applications as well," stated Jim Fallacaro, President.
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

WWW.GLBTECH.COM

http://ih.advfn.com/p.php?pid=nmona&article=47790087



In ADDITION:

East Morgan Holdings Inc. Finalizes Energy Intellectual Property and Patent Acquisition Agreement

The agreement requires EMHI to pay $25 million in cash which will be raised from private investors, existing contracts and percentages of revenues to Solucorp and 75% of its commons shares to be distributed to Solucorp Shareholders, giving an estimated two shares of EMHI for every three shares of Solucorp held by Solucorp shareholders. The monies will be paid to Solucorp in increments throughout the life of contract.

Solucorp will also receive royalty payments equal to 5% of EMHI’s gross profit commencing July 1, 2012 and will be EMHI’s exclusive supplier of the MBS chemical reagents.

http://ih.advfn.com/p.php?pid=nmona&article=45553871

This contract is close to being consumated. And if not, then SLUP will negotiate a deal directly with GTG*.


Global Technologies Group, Inc. Completes Acquisition Of Exclusive License From Solucorp Industries Ltd.
SARASOTA, Fla. Oct. 20 /PRNewswire-FirstCall/ -- Global Technologies Group, Inc., (OTC Pink Sheets: GMUS), formally know as Global Music International, has completed the acquisition of an exclusive Brownfield license to utilize MBS technology from Solucorp Industries Ltd. (OTC Pink Sheets: SLUP) for $4.0 million in preferred stock.

http://www2.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-20-2008/0004907144&EDATE=

The preferred stock translates into common on a three for one basis. SLUP, indirectly, is a major shareholder of GTG* common stock.


THREE MASSIVE CONTRATS/JOINT VENTURES FOR SLUP. AS GTG* GOES; SLUP WILL FOLLOW.......Just give it some time.

SLUPPY