SOURCE: Global Technologies, Ltd.

January 12, 2011 10:46 ET

Global Technologies to Acquire and Merge With VX Partners and Enter Social Media and Networking Technology Marketspace

LONDON--(Marketwire - January 12, 2011) - Global Technologies, Ltd. (PINKSHEETS: GTLL) has completed a Merger and Acquisition agreement with VX Partners. This agreement calls for all current management of the Company to be immediately replaced by VX Partners' executive team, all current technology assets to be sold as soon as practicable, and all financial filings be brought current. The terms of the agreement call for a simple 'stock swap' transaction among the control parties. No common stock will be issued as part of the transaction and no reverse split will occur. The company will retain its current name and trading symbol and will create brand equity for its individual holdings as part of its marketing programs.

VX Partners has 2010 year-end combined current revenues of approximately $6 million and has technology and related assets valued privately by the company at over $15 million. VX Partners believes the market valuation of its assets will achieve far greater levels and has placed its current estimate of asset valuation purposely low.

VX Partners will make rapid disclosure of both technology and financial related aspects of its operations.

Investors can expect an official release of the company's web sites and marketing information as well as business-related announcements of its technology partnerships and distribution agreements.

About VX Partners

VX Partners is a special purpose private technology holding partnership which owns several social media and related technolgies for the rapid creation, deployment, and dsitribution of social networking for both personal and business related applications. VX Partners' technologies include: GPS auto-checkin locator services for personal and commercial relevance networking, rapid-build social site construction tools for vertical and custom branded market applications for both customer and employee loyalty and incentive programs, personal and enterprise application tool builder for individualized applications for social media interactions and sharing. VX Partners' technology and applications are designed to create new stand-alone social media sites as well as integrate into or tie-together existing popular sites such as Facebook, eBay, Twitter, Amazon.Com, among others. VX Partners has branded its technology and solutions for as the "Social Cloud Space" enabled by the integration, communication, and seamless access by and among multiple social platforms.


Global Technologies, Ltd. (GTL) is a technology portfolio company that acquires technology assets to enhance their growth and development. The company builds revenues and asset value through a model of developmental and acquisition growth. The company receives income from, or sale of, its portfolio holdings or technology licensing agreements.


This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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