SOURCE: Global Holdings, Inc.

July 19, 2011 09:20 ET

Global Holdings, Inc. (GOHG), in Its Affiliation With Aufbau Labs, Has Signed an Agreement for Funding the Development of Clean Air Technology

FRISCO, TX--(Marketwire - Jul 19, 2011) - Global Holdings, Inc. (PINKSHEETS: GOHG) (OTCQB: GOHG), a leader in coaching successful technological businesses, is proud to announce that it has signed an agreement with Aufbau Labs to develop clean air technology. The technology aims to reduce atmospheric smog or particulates suspended in low atmosphere stemming from airborne industrialization waste products and gases thereby reducing global warming, acid rain and NOx contamination. This technological process captures and removes particulates such as carbonates, nitrates, phosphates, sulphates and sulphites from local atmospheres and processes them and enables Global to sell the recovered chemicals. Management believes that several markets exist for such technology, especially in high population density areas or where physical barriers exist to the recirculation of air. Zurich, Mexico City, Beijing, Shanghai and Los Angeles are but a few of the major cities with moderate to severe smog problems.

In a recent congressional hearing on clean air initiatives Gina McCarthy, Assistant Administrator for the Office of Air and Radiation, EPA, highlighted that reducing smog and air pollution has been an American prerogative since 1989, spanning four presidents, two democrats and two republicans. Furthermore, she cites figures which provide provocative evidence as to why smog producing cities like Houston and Los Angeles need to make significant efforts to clean the air.

She referenced the impact on children, the elderly, and those who suffer from chronic respiratory disease and asthma. She ran down the stats of what would be eliminated with the implementation of the Mercury and Air Toxics Standards:

  • 17,000 premature deaths
  • 11,000 heart attacks
  • 120,000 cases of childhood asthma symptoms
  • 11,000 cases of acute bronchitis among children
  • 12,000 emergency room visits and hospital admissions
  • 850,000 days of work missed due to illness

Terry Tecco, CEO of Global Holdings, Inc., states, "This technology has limitless applications in some of the largest cities in the world. We are proud to be part of a global initiative to reduce air pollution and improve the quality of life for people worldwide."

Source: http://www.huffingtonpost.com/marcia-g-yerman/senator-carper-oversees-e_b_892968.html

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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