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Sept. 9, 2013, 9:15 a.m. EDT Global Earth Energy, Inc.'s Partner Hawk Manufacturing Finalizing Agreements on Four Businesses in Three States
WILMINGTON, N.C., Sep 09, 2013 (GLOBE NEWSWIRE via COMTEX) -- Global Earth Energy, Inc. (otcqb:GLER) partner HAWK Manufacturing (HAWK) continues to work on reaching acquisition agreements with four businesses in three states. These businesses had combined 2012 annual revenues of $27 million and 2012 annual EBITA profits of $4 million. Expecting to close these acquisitions before the end of 2013, HAWK anticipates using existing financial facilities of more than $10 million to close on these transactions.
The acquired companies will be announced upon successful closing and transition of management teams, a confidentiality agreement remains in place until then.
These businesses are diverse in geography and operations, includes oilfield services to both the Permian Basin and Eagle Ford oil ranges with "Master Service Agreements" in-place with major oil production companies.
GLER further reports that In addition to HAWK's intended direct services to the oil field sector, including drilling services, and transportation services, HAWK is working to acquire a company that makes products for industrial food distribution.
HAWK reported to GLER that it is working with the various state and local agencies to expand operations and bring new employment to the areas; HAWK is negotiating incentives at the state and local level that could total more than $17 million in tax incentives and other benefits.
GLER believes that HAWK intends to use existing credit facilities for more than $10 million to complete this transaction and similar transactions going forwards, and intends to work with various states and local governments and finance authorities on tax incentives, and direct benefits that could top more than $40 million over the life of the company.
Hawk Manufacturing is a privately held corporation looking to complete a roll-up of the plastics and metals manufacturing industries. The objective of Hawk is to combine several metals and plastics fabrication businesses under a single operating company in order to achieve the following:
-- Expand current operations through strategic capital and other resource infusions
-- Diversify current operations by leveraging acquisition customer codes and relationships
-- Leverage customer relationships with companies like Delta Airlines, US Airways, John Deer and others to generate additional business.
-- Increase geographic coverage by launching satellite operations
-- Leverage synergies across all operations through purchasing economies of scale, consolidation of support operations, and other resource sharing
For more information about Global Earth Energy please contact Rich Kaiser, YES INTERNATIONAL, Business Consultant, 757-306-6090.
For more information about Hawk Manufacturing, please contact John M. Ragsdale, CEO, Hawk Manufacturing at 515-230-8076.
Aug. 28, 2013, 9:15 a.m. EDT Global Earth Energy Inc. Announces Partnership With Hawk Manufacturing, Inc.
WILMINGTON, N.C., Aug 28, 2013 (GLOBE NEWSWIRE via COMTEX) -- Global Earth Energy, Inc. (otcqb:GLER), a development stage company operating in the oil and gas sector, announces a partnership with Hawk Manufacturing, Inc. whereby each company will take a respective 20% stake in the other.
President of Global Earth Energy, Inc., Mr. Sydney A. Harland, states, "GLER and HAWK Manufacturing have completed a stock swap of 20% in each company, giving one another ownership in each respective corporation."
The value of the transaction is nearly $5,000,000.00 between the two firms. GLER is receiving $4,300,000.00 worth of stock from Hawk.
Hawk Manufacturing, Inc. is acquiring companies that manufacture complementary products. When combined, these acquisitions would allow for the sharing of resources and provide customer diversification opportunities. Hawk Manufacturing intends to keep manufacturing U.S.-based, preserving and expanding well-paying U.S. jobs, building a 21 century, world class manufacturing company in the U.S. with a core U.S. manufacturing base.
Mr. John M. Ragsdale, CEO, Hawk Manufacturing, states, "We at Hawk Manufacturing are excited to be partnered with GLER, and we strongly believe in American manufacturing. We feel we can work with our client companies to provide quality products and profitable prices from an American manufacturing base."
GLER will provide Hawk with easier access to capital, while Hawk Manufacturing will provide GLER with resources to pursue other ventures beneficial to GLER shareholders.
Hawk Manufacturing is a privately held corporation acquiring operating businesses in the plastics and metals manufacturing industries. The objective of Hawk is to combine metals and plastics fabrication businesses under a single operating company in order to achieve the following:
-- Expand current operations through strategic capital and other resource infusions
-- Diversify current operations by leveraging acquisition customer codes and relationships
-- Leverage customer relationships with companies like Delta Airlines, US Airways, John Deere and over 500 others to generate additional business
-- Increase geographic coverage by launching satellite operations
-- Leverage synergies across all operations through purchasing economies of scale, consolidation of support operations, and other resource sharing
For more information about Global Earth Energy please contact Rich Kaiser, YES INTERNATIONAL Consultants, 757-306-6090.
For more information about Hawk Manufacturing, please contact John M. Ragsdale, CEO, Hawk Manufacturing at 515-230-8076.
Global Earth Energy, Inc. (GLER) Announces Letter of Intent for Additional Asset; Purchase Contract for Sunrise Highway Office Building
WILMINGTON, May 09, 2013 (GLOBE NEWSWIRE via COMTEX) -- Global Earth Energy Inc.'s (GLER.OTCQB) President, Mr. Sydney A. Harland, announces that GLER, through a "Letter of Intent", intends to Acquire an additional asset; Country Road Office Building, located at, 1670 Old Country Road, Plainview, New York 11803. Currently under board review, this acquisition will only occur if GLER and the seller of the property can execute a binding agreement of sale and purchase. As of this date, no such agreement has been executed. If an agreement is executed, proper notification will be made.
Financial details:
Square Footage: 33,312
Acquisition Price: $6,500,000.00
Gross Revenue-$769,981.61
Expenses-$255,442.26
Net Operating Income-$514,539.35
Debt Service: $0.00 (No Mortgage)
Net Income Available for Cash Flow: $514,539.35
Once agreed upon, GLER intends to pay for the property pursuant to the issuance of a $6,500,000.00 Convertible Promissory Note, yielding 0.575% interest-only against assignment of rental income and leases, convertible into 14,000,000 shares of the common stock of GLER. Upon execution, the transaction is expected to close within 45 days thereafter pursuant to an escrow settlement procedure between all parties involved. The convertible promissory note shall be discounted into cash by "private equity" at the time of closing.
Also, through an assignment of purchase contract, the seller of the Sunrise Highway Office Building, located at, 381 Sunrise Highway, Lynbrook, New York 11563, has executed an agreement of sale and purchase, as a letter of intent was executed on, May 03, 2013.
Consequently, Mr. Meier (Mack) Frankel, recently added to theGlobal Earth Energy, Inc.'s Board of Directors, has skillfully entreated "an investment banker," and has secured an additional asset. The board continues to review all "strategic methods" to enhance value for "existing shareholders," and to conduct an exhaustive analysis of the "financial structure" of GLER, and perform a cursory analysis of the "capital structure" at the same time.
For more information contact, Mr. Sydney A. Harland or Mr. Meier (Mack) Frankel at 1-910-270-7749 and/or Rich Kaiser, YES INTERNATIONAL, Corporate Strategist, 757-306-6090-http://www.globalearthenergy.com/
May 1, 2013, 9:26 a.m. EDT Global Earth Energy, Inc. (GLER) Announces a Second Acquisition and Current 2012 Data on Naylor Apartment Complex Which Was Announced on April 30, 2013
WILMINGTON, May 01, 2013 (GLOBE NEWSWIRE via COMTEX) -- Global Earth Energy Inc.'s (GLER.OTCQB) President, Mr. Sydney A. Harland, announces that GLER will acquire a second income-producing asset, the Honeywell Apartment Complex, located at, 2103-15 & 2115-17 Honeywell Avenue, Bronx, New York 10460.
This acquisition, through an assignment of purchase contract, will be paid for through the issuance of a $9,070,000.00 Convertible Promissory Note, yielding 0.575% interest-only against assignment of rental income and leases, convertible into 25,000,000 shares of GLER common stock. This transaction is expected to close within 45 days pursuant to an escrow settlement procedure between all parties involved.
On April 30, 2013, GLER announced the agreement to acquire the Naylor Apartment Complex. In that announcement, GLER provided 2011 Financial Details.
Financial Details of, Naylor Apartment Complex, for the period 01/01/2012 through 12/31/2012 under a, "cash basis" are as follows:
Gross Income: $246,364.00
Expenses: $43,770.00
Net Operating Income: $202,677.00
Net Income Available For Cash Flow: $169,477.00
Both acquisitions were financially engineered, and structured by, Mr. Meier (Mack) Frankel, who was recently added to the Board of Directors of Global Earth Energy, Inc.
Mr. Frankel intends to increase shareholder value through deftly crafted financial capital instruments to build a solid asset base as a strategic corporate game plan is being presented to the board.
For more information about Global Earth Energy please contact, Mr. Sydney A. Harland or Mr. Meier (Mack) Frankel at 1-910-270-7749and/or Rich Kaiser, YES INTERNATIONAL, Investor Relations, 757-306-6090 http://www.globalearthenergy.com/