Global General Technologies Inc.

Global General Technologies Inc.

October 06, 2010 07:45 ET

Global General Technologies Inc.'s Stock Split Rescinded Merger Candidate Introduction

HENDERSON, NEVADA--(Marketwire - Oct. 6, 2010) - Global General Technologies Inc. (PINK SHEETS:GLGT) ( has rescinded their stock split previously announced on or about May 2010. To that end the interim management would like to introduce their new merger candidate for GLGT.

The merger candidate is a Canada-based industrial chemical company. They are aware and willing to deal with GLGT ex-management's California Securities violations, the NY lawsuit and GLGT's other unresolved hardships. The merger candidate is a solid, small company and GLGT hopes that they will be well received by GLGT shareholders. There is a large chunk of stock that will return to treasury from previously rescinded mergers (Collagena and NuAyre) as this new company takes life inside GLGT.

The new merger opportunity paves the way for the GLGT to rescind the reverse split and to complete this merger. The China-based chemical company with substantial assets may also still be in the picture (see news of May 10, 2010).

GLGT hopes that shareholders can finally start reaping some rewards. The management will update the public and the shareholders as details unravel shortly including name and details of the merger candidate.

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Safe Harbor Statement

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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