Solucorp Industries, Ltd (SLUP)

[SLUPPY]

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Global Technologies Group, Inc. Announces Joint Venture Agreements with Solucorp Industries

May 23 11

Global Technologies Group, Inc. announced Joint Venture agreements with Solucorp Industries, Ltd. Solucorp Industries 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% 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.