SOURCE: Global Holdings, Inc.

Global Holdings, Inc.

September 15, 2014 11:11 ET

Global Holdings, Inc.'s (GBHD) Legal Suits Dismissed

VIRGINIA BEACH, VA--(Marketwired - Sep 15, 2014) - Global Holdings, Inc. (PINKSHEETS: GBHD) reports that a lawsuit against the Company and the Company's counter suit both have been dismissed with prejudice from the United States District Court- Western District of Michigan.

A prejudicial dismissal means that the cases cannot be reheard, retried or otherwise. This allows the Company to move forward with its business operations without any impediments which otherwise could have came from these suits.

Forthcoming financial statements will show that the long-term liability will be -0-, and the Company will show that it is DEBT free.

GBHD continues to grow it operations, and now with this dismissal management can continue to concentrate on the bottom-line growth without legal entanglements.

Global Holdings, Inc. owes no suppliers or manufacturers; inventories that are held have all been paid-in-full.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #757-306-6090, www.gbhd.net and/or yes@yesinternational.com.

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

  • CONTACT:
    Global Holdings, Inc.
    Rich Kaiser
    Yes International
    757-306-6090