SOURCE: Global Technologies Group, Inc.

Global Technologies Group, Inc.

February 01, 2012 16:11 ET

Global Technologies Group, Inc. Acquires License for China

SARASOTA, FL--(Marketwire - Feb 1, 2012) - Global Technologies Group, Inc. (PINKSHEETS: GTGP) (Global) announces Global has acquired an exclusive license for China to use the IFS2c process claimed in the IFS2c patents for reduction treatment and removal of Mercury from cement plants from Solucorp Industries.

"With the successful testing of Mercury contaminated carbon in cement plants with the IFS2c process, authenticating that the Mercury content had been reduced to zero and following meetings in Beijing recently with companies and contacts in the cement industry, we believe the market for Global is substantial. China is number one in cement production and currently produces 40% of the world's concrete for both internal construction and export and has embarked on a greener policy that will cover the next five years for air pollution and Mercury reduction for their cement industry as well as their power plants. Estimates for the number of cement plants alone in China is 6,000 to 9,000 plants operating currently. As an additional result of the meetings, Global will be opening representative offices in Beijing and Singapore," stated James Fallacaro, President.

Global Technologies Group, Inc. (GLOBAL) is a company that is in the business of acquiring exclusive licenses and distribution and reseller contracts on proven technologies in the environmental, green and war fighter industries. The criteria for the licensing or distribution agreements of the technologies are: they must be proven, validated and in use. The business plan of Global is to sublicense the technologies it acquires to companies in Countries covered under the original license grants and for its own use. For our exclusive distribution and reseller agreements, we partner with appropriate representatives in the covered countries for resale of turnkey projects.

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