SOURCE: Global Holdings, Inc.

September 01, 2011 09:20 ET

Global Holdings, Inc. Announces Letter of Intent With Worldwide Wireless, Inc.; Revenue Expected to Increase $350,000

FRISCO, TX--(Marketwire - Sep 1, 2011) - Global Holdings, Inc. (OTCBB: GOHG) is proud to announce that they will acquire Houston based Worldwide Wireless. Worldwide Wireless currently repairs and restores personal electronic devices. The company began over 10 years ago repairing BlackBerry® devices exclusively. Their immediate plans are to expand their operations to repair iPhones®, iPads®, Android® based devices and gaming systems such as the Nintendo DSi® and Sony PlayStation PSP®. The market for this company is huge when the average household has any number of these devices lying around and especially in regards to the Apple® products, there is no warranty that guarantees replacement if they break by accident.

CEO of Worldwide Wireless Paul Normand states, "I have known moms to buy four or five gaming systems a year for the same child! I could have saved these families hundreds by repairing the systems, in many cases, to like-new condition for a fraction of the cost of a new device. The same applies for many of my customers who use Apple® products, which come with no replacement warranty should the phones break as a result of an accident. So if they get wet or if the delicate screen cracks, the owner does not really have an option but to buy a new phone. I also make the bulk of my money on Out-Of-Warranty phones; which basically means the replacement warranty is expired or the availability of an upgrade is months away when the customer needs a new phone yesterday. Currently, I have a client list filled with fortune 500 companies and contracts with many regional cell phone carriers who funnel their employees and/ or clientele directly to my shop when their technology fails them."

CEO of Global Holdings, Inc. Terrance Tecco states, "We promised our shareholders a boost in revenue six months ago and with this important acquisition we can expect revenues in excess of $350,000 from repairs, referrals, and prospective contracts with major firms who allow employees 'company phones' and other devices. We are also very excited about the plans to service multiple, high-demand devices like the iPhone®; the expected boost in revenue from these repairs is astronomical!"

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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