Solucorp Industries, Ltd (SLUP)

[SLUPPY]

Maybe all is not lost. The GTG*/MSE contract getting done is important for SLUP:


News for 'GTGP' - (Prospective MSE buyer says deal not dead)


Sep 19, 2012 (The Montana Standard - McClatchy-Tribune Information Services via
COMTEX) -- The sale of MSE Technology Inc., which was supposed to be finalized
Sept. 14, remains in limbo after the prospective buyer fell under a SEC-mandated
trading suspension.

Yet Jim Fallacaro, chief executive of Global Technologies Group Inc., said in a
public letter to shareholders that the Securities and Exchange Commission's
action has "zero effect on the business of the company, the acquisition."

"They are all aware of it and have no problem continuing on with Global or me,"
said Fallacaro.

Calls to MSE, current owner MERDI, and MERDI lawyer Bill Kebe have not been
returned all week.

Fallacaro did not return calls as well, but addressed shareholders through the
release. In it, he said that SEC investigators told him the suspension was
levied because they were searching for "financial information needed...to comply
with the reporting company regulations, stemming from errors made in 2007 and to
the present 10Q ."

Fallacaro said in the release that he understands the "frustration, anger and
fear that all of the shareholders feel." He noted he is "president of this
company and I take full responsibility for this event."

-- Reporter Tim Trainor may be reached via e-mail at [e-mail] or
phone at 496-5519. Follow him at Twitter.com/@Tim_Trainor.



___ (c)2012 The Montana Standard (Butte, Mont.) Visit The Montana Standard

(Butte, Mont.) at www.mtstandard.com Distributed by MCT Information Services

Tim Trainor


Copyright (C) 2012, The Montana Standard, Butte

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SUBJECT CODE: BU



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