SOURCE: Global Technologies Group, Inc.

Global Technologies Group, Inc.

February 06, 2012 13:08 ET

Global Technologies Group, Inc. Acquires License for India

SARASOTA, FL--(Marketwire - Feb 6, 2012) - Global Technologies Group, Inc. (PINKSHEETS: GTGP). Global announces that it has acquired an exclusive license for India to use the IFS2c Process claimed in the IFS2c Patents for reduction treatment and removal of Mercury from Cement Plants from Solucorp Industries.

This exclusive license now gives Global access to the three largest producers of Mercury pollutants in the world. Number one is China, number two is India and number three is the United States.

"The successful negotiations for this license represent the culmination of our long term business plan for the penetration of the world's three largest markets relating to the contamination of Mercury pollution and providing them with a proven technology that can totally abate Mercury from their industry processes. Our goal is a cleaner and safer environment," stated James Fallacaro, President.

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, we believe the market for Global is substantial.

Global is currently preparing the forms needed for a subsidiary office with the agencies of Singapore and a representative office for Beijing.

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 turn key projects.

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