Global Technologies Group, Inc. (GTGP)

[sctts]

Not a problem going forward :)

A Letter to the shareholders

I have taken the time over the last two days to confirm with both the SEC in Washington and the SEC Enforcement Division Miami the reason for the suspension, which I believed was the case. .... Second, it was verified by them that the statement for the suspension for ten days was for the financial information needed only to comply with the reporting company regulations stemming from errors made in 2007 and to the present 10Q. When I asked them if they needed any other support documents or exhibits from the company or anything at all they said all that is needed is the financial information to be filed on EDGAR.....


I told SEC enforcement we will comply and unlike several companies coming out immediately and saying they will challenge the SEC decision regarding their suspension. I believe the reasons for the suspension stated for them were questionable PRs, contracts etc. We were not included in that category.

As far as the company is concerned, this suspension has zero effect on the business of the company, the acquisition, cement plant, Oakridge or the DOE. They are all aware of it and have no problem continuing on with Global or me. We will have future information on all of the above and will put out releases and 8Ks as is our normal procedure. We are not precluded from that as well.

Finally, during the suspension which is 10 days, we will be dealing with the financials and once they are submitted we will submit to the broker dealers the entire package for their review for quotation and to file a 15c211 and will await their response. By: James Fallacaro, President.

Wrong again, not one excuse will lead to revocation, instead the SEC is going to issue a No Action letter to GTGP because they didn't find wrongdoings after the errors of the old fins were fixed!