Global General Technologies Inc.
PINK SHEETS : GLGT

Global General Technologies Inc.

December 15, 2010 15:46 ET

Global General Technologies Inc. (GLGT) to Merge With China-Based Solar Panel Manufacturer

HENDERSON, NEVADA--(Marketwire - Dec. 15, 2010) - Global General Technologies Inc. (PINK SHEETS:GLGT) www.glgt-corporate.com is pleased to announce that the company intends to complete merger with a China-based solar panel manufacturer.

The merger candidate, ZhiHua Co-Channel Hi-Tech Co., Ltd., is China's most dynamic solar panel company, focusing on the production of high quality solar energy cell monocrystalline silicon chips, with solid silicon production. ZhiHua currently has nearly 100 employees, its engineering works cover an area of 32,000 square meters, and its building size is 2 million square meters.

The company boasts annual revenues in the $10 million dollar range, with its business activities split between domestic and foreign markets. ZhiHua Co-Channel Hi-Tech Co., Ltd. exports its green technology products to more than 10 countries. Also, the company has signed significant green energy contracts with municipal governments in China's Jiangxi province.

A new temporary web site is being launched today with images of the actual facility in China. www.glgt-corporate.com. The final logistics are being worked out with the appointment of new officers and directors including the new board will be appointed in concert with this merger within the next 4 to 6 weeks. GLGT is pleased with the progress and the merger candidate and sees this as a significant step forward as the company completes its 180 degree turn around and looks to 2011 with this game changing merger.

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Information in this news release may contain statements about future expectations, plans, prospects or performance of Global General Technologies Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Global General Technologies Inc. cautions you that any forward-looking information provided by or on behalf of Global General Technologies Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Global General Technologies Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Global General Technologies Inc.'s control. In addition to those discussed in Global General Technologies Inc.'s press releases, public filings, and statements by Global General Technologies Inc.'s management, including, but not limited to, Global General Technologies Inc.'s estimate of the sufficiency of its existing capital resources, Global General Technologies Inc.'s ability to raise additional capital to fund future operations, Global General Technologies Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Global General Technologies Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Global General Technologies Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

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