SOURCE: Global General Technologies

March 06, 2008 09:33 ET

Global General Technologies and SmartWear Technologies Completing Due Diligence for Business Combination

RFID Security Technology Company With 2008 Revenue Forecast of $10 Million and Perimeter Defense Security Firm to Target Personal and Homeland Security Technology Solutions

MIAMI, FL--(Marketwire - March 6, 2008) - Global General Technologies, Inc. (PINKSHEETS: GLGT), a perimeter defense technology company, and SmartWear Technologies, a security solutions provider offering solutions in the areas of homeland security and personal safety though patented and proprietary Radio Frequency Identification (RFID) and Global Positioning Systems (GPS) based technologies are actively engaged with the necessary due diligence process for the planned business combination. Respective legal counsels are drafting the necessary transaction documents and SmartWear has provided the necessary funding to complete the SEC filings necessary for GLGT to return to the OTCBB.

SmartWear Technologies, with 2007 revenue of $2.3 Million and a 2008 forecast of $10.0 Million in revenue, is a global leader in the rapidly growing market sector of scalable, proprietary RFID, GPS and Biometric based security products and services. SmartWear Technologies provides security, asset protection and health care solutions through the use of RFID, GPS and Biometric patented applications. With the world's first and only patented, non-invasive, wearable RFID technology, SmartWear is able to offer rapid, secure identification, helping people get medical treatment and provide access to emergency contacts and other information, when needed most -- in an emergency. SmartWear also offers a range of active RFID solutions that can help identify, locate, and protect a range of people (e.g. children, chronic illness patients, elderly) ensuring the best possible care and protection.

Gary Stroud, CEO of Global General Technologies, said, "We wanted to assure all shareholders and interested parties that both Global General Technologies and SmartWear Technologies are actively engaged in completing the requisite due diligence. We are very excited about the proposed business combination with SmartWear Technologies. Our Silent Soldier technology has generated interest in Japan, China and India, which we will be able to pursue more aggressively upon completing the transaction."

Bob Reed, CEO of SmartWear, added, "After a lengthy search process for the very technology that Global General's Silent Soldier offers, we contacted Global General to incorporate their technology with SmartWear's business plan. We quickly realized that both companies were motivated to combine the two businesses. By combining Global General's proprietary technology for perimeter defense and our patented technology incorporating RFID, a stronger company with revenue, working capital and partnerships will emerge to benefit our investors and Global General's shareholders."

About SmartWear Technologies (

SmartWear technologies, a leading developer of patented RFID solutions for security, identification, health care and asset tracking applications with partnerships and strategic alliances worldwide, is a global leader for scalable, proprietary RFID, GPS and Biometric-based security products and services. SmartWear Technologies provides security, asset protection and health care solutions through the use of RFID, GPS and Biometric patented applications. SmartWear technology provides consumer-based RFID solutions in the venues of personal protection and identification, medical and health care information, military and law enforcement applications, as well as asset tracking sectors of the Advanced Security market and in selected vertical markets such as personal Security, medical safety and "Wander Prevention" applications.

Corporate Overview accessible at

About Global General Technologies, Inc.

Global General Technologies, Inc. is in the Intelligent Video surveillance market with an innovative perimeter defense security system. There is no known competitor that has implemented Intelligent communications for a total integrated solution. Through its wholly owned subsidiary, H7 Security Systems, Inc., Global General Technologies offers a high quality, durable intelligent surveillance system for perimeter defense security utilizing video, sound, seismic and thermal sensors and satellite technology from various manufacturers which is integrated into a real-time command and control system known as the Silent Soldier. The technologies are packaged with the company's proprietary Intelligent Communication Node (ICN) technology which evaluates the security threats and notifies the command and control center of potential intrusions. The result is a command and control center that not only communicates with each piece of equipment on the perimeter, but communicates efficiently with command and control center personnel. The Silent Soldier system provides video surveillance to detect early movement and follow up with rapid threat identification, tracking, notification and prioritization through automated decision making in the field and not relying on command and control center action. Corporate website:

Information included in this news release contains forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995 ("Reform Act"). Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause the actual results and performance of the Company to differ materially from any expected future results or performance, expressed or implied, by the forward-looking statements. In connection with the safe harbor provisions of the Reform Act, the Company has identified important factors that could cause actual results to differ materially from such expectations, including operating uncertainties, uncertainties relating to economic issues and competition. Reference is made to all the Company's SEC filings, including the Company's Reports on Forms 10K, 10Q and other periodic reports.

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