SOURCE: Global Holdings, Inc.

September 07, 2011 09:23 ET

Global Holdings, Inc. Announces Definitive Agreement With Worldwide Wireless, Inc. Ready to Close on September 16th, 2011

FRISCO, TX--(Marketwire - Sep 7, 2011) - Global Holdings, Inc. (OTCBB: GOHG) (PINKSHEETS: GOHG) is proud to announce that the closing date of their new, Definitive Agreement to acquire Worldwide Wireless, Inc. will be effective September 16th, 2011. Worldwide Wireless is a PDA and Smart-phone repair depot out of Houston, TX with over 10 years' experience and over 250,000 phones repaired. Specifically dedicated to repairing BlackBerry® devices at first, the company has seen some decline in revenues because of the sharp rise of other smart-phone brands' popularity such as Apple's iPhone®, and Android® based smart-phones, such as those made by HTC. Thus, the company is now shifting to include repairs and repair parts on these models as well as their Tablet counterparts, such as the Apple iPad 2®, the BlackBerry PlayBook® and Android® based tablets from manufacturers like Motorola, LG and HTC. In addition, Worldwide Wireless plans to offer like services and parts for handheld gaming systems such as the Nintendo DSi® and PlayStation PSP®. This shift is expected to bring the company increasing new revenues for the next two quarters.

Worldwide Wireless, Inc. is the world's largest out-of-warranty and water-damage repair facility for BlackBerry and is able to complete and ship most repairs within 24 hours of receipt. The company warranties their repairs for 90 days and has repaired over a quarter million phones without ever losing anyone's data. They currently service smart-phones for individual, corporate, carrier and Fortune 500 clients. Worldwide Wireless is not a retail store and does not sell phones; they are dedicated to the niche industry of repairs and have made substantial revenues over the past 10 years by staying dedicated to their trade, growing their services and staying one step ahead of technology. For more information please visit www.pdarw.com.

Global Holdings, Inc. (GOHG)
Global Holdings, Inc.'s 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Global Holding's filings with the Securities & Exchange Commission.

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