SOURCE: Global Technologies Ltd.

May 04, 2010 08:30 ET

Global Technologies Signs Agreement With Creative Labs and $60 Million Intellectual Property Portfolio

LONDON--(Marketwire - May 4, 2010) -  Global Technologies, Ltd. (PINKSHEETS: GTLL) announced today the first of numerous planned agreements and acquisitions with the signing of a comprehensive Joint Development Agreement with Creative Laboratory Enterprises (CLE), a private Intellectual Property (IP). The holding company currently has a portfolio exceeding $60,000,000 of IP asset valuation, primarily focused in the the sustainable energy and environmental sectors.

Global Technologies will prioritize its acquisitions and development of the CLE IP portfolio based on current stage and future marketability. Each of the selected technologies and/or technology groups will be placed in the appropriate stage of the Company's Innovation Development & Demonstration (ID2) Matrix.

The ID2 phase of the Innovative Cycle, which includes Prototype, Demonstration and Market Analysis, is the most critical stage in commercializing innovative technologies, processes and/or products and, therefore, requires both engineering and marketing expertise. The Company has assembled experienced cross-functional teams to guide each innovation acquisition, technological adaptation and system integration through the required steps to successful commercialization.

ID2 Partnership is focused on the acquisition and development of nascent innovations, inventions and Intellectual Property (IP). Of key interest to the Company are operations and technology holdings in the sustainable energy and environmental sectors. By acquiring and funding novel early stage research, the Company will leverage its technical and financial resources for the benefit of the inventors, stakeholders and the innovation marketplace. 

GTL encourages collaboration with public, private and institutional partners across all phases of the development cycle. The Company accepts submissions from both inventors and joint venture development partners at www.GlobalTechnologiesLtd.com.

The Company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, joint development agreements and technology licensing or distribution agreements. The Company believes its business model will provide stockholders the most advantageous path to long-term equity growth and supply the company with significant operations, equity improvements, and long-term strategic expansion.

The Company will provide regular updates on the CLE Joint Development Agreement and announce significant additions to its technology and operational portfolio.

About Global Technologies, Ltd
GLOBAL TECHNOLOGIES (GTL) is a technology portfolio company that acquires nascent technology and related innovations, inventions and IP assets to enhance their growth and development. The company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, and technology licensing or distribution agreements.

GTL invests primarily in innovative and promising clean/renewable energy or bio-tech technologies that have reached the stage in the critical Technology Development & Demonstration phase of the Innovative Cycle, which includes Prototype, Demonstration and Market Analysis.

Safe-Harbor 
This press release contains statements (such as projections regarding future performance) that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's website and prior SEC and Pink Sheets filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision. 

Statements made in this news release may be forward-looking statements within the meaning of Federal Securities laws that are subject to certain risks and uncertainties and involve factors that may cause actual results to differ materially from those projected or suggested. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to: (1) the availability of additional funds to enable us to successfully pursue our business plan; (2) the uncertainties related to the appeal and acceptance of our proprietary method of play and our planned on-line products; (3) the success or failure of our development of additional products and services; (4) our ability to maintain, attract and integrate management personnel; (5) our ability to secure suitable broadcast and sponsorship agreements; (6) our ability to effectively market and sell our services to current and new customers; (7) changes in the rules and regulations governing our business; (8) the intensity of competition; and (9) general economic conditions. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in the company's website and Pink Sheets filings contain disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision. The Company assumes no obligation to update and supplement forward-looking statements because of subsequent events.

Contact Information