Global General Technologies Inc.

Global General Technologies Inc.

December 21, 2010 15:45 ET

Global General Technologies Inc. (GLGT) Prepares for China Merger: SPC Belize to Be Created

HENDERSON, NEVADA--(Marketwire - Dec. 21, 2010) - Global General Technologies Inc. (PINK SHEETS:GLGT) in an attempt to accommodate and formulate the merger with the Chinese based company, a Special Purpose Corporation is required in accordance with China laws.

The reason for this SPC company is to allow a vend in or a merger with China based entity. GLGT merger candidate ZhiHua Co-Channel Hi-Tech Co., Ltd. is a China based business and under Chinese law, a Special Purpose Corporation (SPC) is required to facilitate a merger with any USA/foreign based issuer. The newly created SPC company called 'GLGT China Merger Inc.' will serve GLGT to merge with this China based solar panel producer.

This is one of several required steps needed before the final merger announcement and merger can be completed.

More details on all merger developments will follow shortly.

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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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