SOURCE: Globotek Holdings, Inc.

March 30, 2010 08:00 ET

(GBTO) Globotek Now Covered by Gluckstein & Silverspoon Equity Research

NEW YORK, NY--(Marketwire - March 30, 2010) -  Globotek Holdings, Inc. (OTCBB: GBTO) announced today that equity research firm Gluckstein & Silverspoon Research has initiated coverage with a Speculative Buy Rating and $0.92 price target. The Report provides investment opinion & target price, a description of the Globotek investment opportunity, and a summary of the company's growth strategy and associated risk factors.

"This report highlights the significant potential of our company, the competitive edge of our technology, and provides investors with a summary of our projected capacity installations for the next 2 years," stated Globotek CEO, Mr. Lukin. "The report should help to reinforce our shareholders confidence in our company's business objectives and potential market valuation," further added Mr. Lukin.

The Report can be accessed at:

About Gluckstein & Silverspoon Research
Gluckstein & Silverspoon Research is an equity research service company dedicated to increasing the visibility of innovative and growing private and public companies that represent extraordinary investment opportunities. Regardless of the size of the client, our research and advisory services provide additional value and assistance in realizing a company's goals, enabling it to achieve its fullest potential.

About Globotek Holdings, Inc. (
Associated Petroleum Gas (APG) is a by-product of crude oil extraction and its flaring currently accounts for approximately 400 million tons of harmful greenhouse gas emissions into the atmosphere every year. APG flaring has far reaching effects on the environment, public health and the economy. Globotek is the developer and owner of a unique technology for the processing of APG that is carried out at the drilling field by a Modular Mobile Structure. Globotek's process involves the use of block-modular mobile complexes that each contain mini gas processing units and can be used in any environment where APG is flared. The advantages of the Globotek APG system are many but can be summarized as speed of construction and installation, small cost and a worldwide market. Russian legislation mandates that all oil fields in Russia must process APG to the international 95% standard by January 2012.

Forward-Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.

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