SOURCE: Global MobileTech, Inc.

Global MobileTech, Inc.

February 09, 2011 09:00 ET

Global MobileTech Announces DTC Eligibility

DTC Eligibility Improves Efficiency by Moving and Settling Trades Electronically

SPOKANE, WA--(Marketwire - February 9, 2011) - Global MobileTech, Inc. (OTCBB: GLMB), a diversified renewable energy, mobile VoIP communications and advertising company, today announced that the Company has been granted eligibility status by the Depository Trust Company (DTC).

DTC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, and mortgage-backed securities, money market instruments, and over-the-counter derivatives. 

"We are pleased that our common stock is now DTC eligible which will simplify the process for our shares to be electronically traded or exchanged through brokers or online," stated Aik Fun Chong, President and CEO of Global MobileTech. "Becoming DTC eligible is a major milestone for the Company and an important step in increasing our exposure in the investment community."

About Global MobileTech, Inc.

Global MobileTech, Inc. ("GLMB") based in Spokane, WA with Asian operations located in Malaysia, is a diversified renewable energy, mobile VoIP communications and advertising company. The Company's operations are organized under two business segments. The first segment handles the development and sale of mobile voice over Internet protocol or VoIP communications and mobile advertising services. The second segment is involved in the design, integration, marketing and sale of solar photovoltaic or PV-wind and solar PV-biomass hybrid power generation applications. The biomass used in the power generation system includes oil palm bio-wastes and forest residues. The target market for GLMB's products and services include customers from Asia, Europe and the United States. For more information, please visit Information on our website does not comprise a part of this press release.

Safe Harbor Statement:
Information contained in this press release includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "is expected," "intends," "may," "will," "should," "anticipates," "plans" or the negative thereof. These forward-looking statements often include forecasts and projections for future revenue and/or profits and are subject to revision and are not based on audited results. The Company does not undertake to update, revise or correct any forward-looking statements. Investors are cautioned that current results are not necessarily indicative of future results, and actual results may differ from projected amounts. For more complete information concerning factors that could affect the Company's results, reference is made to the Company's registration statements, reports and other documents filed with the Securities and Exchange Commission.

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    Global MobileTech, Inc.
    Valerie Looi
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