SOURCE: Global Holdings Inc.

November 22, 2010 08:30 ET

Global Announces Agreement With Solite

NEW YORK, NY--(Marketwire - November 22, 2010) - Global Holdings Inc. (OTCBB: GOHG) is pleased to announce that the company has entered into funding negotiations with Solite, an Arizona-based company which is now commercializing an innovative, patent-pending, direct-solar lighting solution that efficiently harvests sunlight via rooftop collector array(s) and then economically transports it to illuminate building interiors. This rich and natural light may then intelligently combined with efficient LED and other artificial lighting to maintain high quality, eco-friendly illumination throughout the day.

Solite, Inc. plans to launch its products during 2011 and has already entered into a MOU with a strategic player in the building and electrical construction business to market, distribute and install Solite's systems in certain respective domestic and international markets.

Global Holdings Inc.'s (OTCBB: GOHG) objective is to acquire, partner with and promote advanced technologies through management coaching, effective intellectual property deployment, business networking and intelligent financial solutions. The company is a technology incubator that offers a specialized menu of support resources and services. Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions and effective business design. 

Disclaimer

This press release is not to be construed as an offer to sell, hold or the solicitation of an offer to buy any security or conduct investment business. Information provided in this release is for reference purposes only and does not represent itself to be offering or recommending any securities to be bought or sold. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed. Any decision to buy or sell any security that may be featured in this press release is done purely at the investor's own risk.

Certain statements in this press release are "forward-looking statements" and are subject to certain risks and uncertainties. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.

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