SOURCE: Global Holdings, Inc.

Global Holdings, Inc.

November 17, 2014 15:45 ET

Global Holdings, Inc. (GBHD) Moves Forward With Suit Against, Inc. -- IHUB

VIRGINIA BEACH, VA--(Marketwired - Nov 17, 2014) - Global Holdings, Inc. (PINKSHEETS: GBHD) today proceeds with legal ACTION against, Inc. ("IHUB") for intentionally and tortiously interfering with contractual relations and existing and prospective economic rights of the GBHD shareholders.

"On numerous occasions, we believe that IHUB acted in bad faith and with malice, including the complete disregard for their own internal policies and procedures," stated Merle Ferguson, President and CEO of GBHD.

The Company is actively pursuing damages with a pending suit in the Southern District Federal Court of California for tortious interference and related claims. As such, GBHD will vigorously exercise its legal rights and proceed with this ACTION against IHUB and three yet to be named individuals.

For further information about this release, contact Rich Kaiser, Investor Relations, GLOBAL HOLDINGS, INC., #757-306-6091,,

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competitions.

Contact Information

  • Rich Kaiser