SOURCE: Global Holdings, Inc.

May 18, 2011 09:25 ET

Global Holdings, Inc. Announces to Shareholders Future Audit Filing Which Will Reinstate Them on the Bulletin Board Exchange

FRISCO, TX--(Marketwire - May 18, 2011) - Global Holdings, Inc. (OTCBB: GOHG) is pleased to announce that they will be filing a SEC accredited audit performed by a PECOB certified CPA within the next 30 days. The audit will reinstate the company on the Bulletin Board Exchange and dramatically increase transparency for shareholders.

CEO Terrance Tecco stated, "This audit is the first step we have to getting ourselves back on track with We faltered in our filings for a moment and now that we can rectify the situation it has been our top priority. We want our shareholders to be confident in their investment and, to us, that means maintaining the highest level of transparency on the open market."

Global Holdings Inc.'s (OTCBB: GOHG) 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.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Contact Information