SOURCE: Global Holdings, Inc.

April 21, 2011 10:30 ET

Global Holdings, Inc. Tackles the $75 Million Bed Bug Infestation Problem Attacking the US Tourism Industry

FRISCO, TX--(Marketwire - Apr 21, 2011) - Global Holdings, Inc. (PINKSHEETS: GOHG), through its partnership with Aufbau Labs, will soon release an earth friendly solution to fight the $75 Million dollar bed bugs epidemic across the US.

Global Holding's strategic partner, Aufbau Laboratories, can provide a proprietary solution which could net the company between $1 and $3 Million in the first year of offering services to the hospitality market. In a combination of both low and high-technologies, Aufbau's preliminary data appears to demonstrate effective elimination of bedbug populations in a cost-effective and environmentally friendly manner. The methodology and techniques employed will also allow for hotel guests within proximity of the target room(s) to remain, with no contamination whatsoever of clothing or furniture with reactive solvents.

Terry Tecco, CEO of Global Holdings, states, "We are proud to be able to offer a GREEN solution to the bed bug problem. With pesticide resistance being partially blamed for the recent surge in bed bug reports, our products offer an effective alternative while protecting our environment."

Bed bugs are quickly becoming a rampant problem in cities worldwide costing as much as $3000.00 to eradicate them from a one bedroom apartment. Contrary to popular belief, you are at risk whether you live in a luxury home, a boutique condo or a rundown apartment building. These pests are now being discovered in theatres, hotels, libraries and even hospitals. They hitch rides on everything from luggage to clothing and can hide virtually anywhere undetected. In the past, harmful pesticides were the solution to controlling this problem but since their recent ban Bed Bugs have been spreading at an alarming rate.

In August, 2010, the Environmental Protection Agency and the Centers for Disease Control and Prevention issued a joint statement on bedbug control. In this report, it is stated, "The current national problem with bed bugs is likely due to the convergence of three human behaviors: lack of awareness of the historical and biological link humans have with bed bugs, increased international travel, and past over-reliance on pesticides."

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It is also stated in the CDC and EPA report that the United States is one of many countries now experiencing an alarming resurgence in the population of bed bugs.

Global Holdings, Inc. (PINKSHEETS: 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.

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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