SOURCE: Global Technologies Group, Inc.

May 11, 2011 10:00 ET

Global Technologies Group, Inc. Executes Multiple Contracts

SARASOTA, FL--(Marketwire - May 11, 2011) - Global Technologies Group, Inc. (PINKSHEETS: GTGP) Global Technologies Group, Inc. (Global) granted an exclusive sub license for all technologies which are under license, sub licensed or distributed by Global to Sadhana Equity Investments, Inc., a privately held company valued at Seven hundred seventy five thousand dollars. ($775,000). The agreement was executed by Global and Sadhana on May 6th, 2011. The exclusive agreement is for the countries of Russia and Ukraine.

Global entered into a contract with East Morgan Holdings, Inc. Global will utilize its partner companies and licensors, MSE Technology Applications, Inc. and M2 Polymer to penetrate the energy markets via the group's broad contacts in all aspects of the uses for the EMHI patents. Global, MSE and M2 Polymer have been working with the MBS process and are familiar with the MBS viability for use as a heavy metals treatment. Details of the technology uses are described further on Global's website WWW.GLBTECH.COM. These agreements are a continuation of Global's plan for expansion of valuable technologies, licensing, distribution and sales in its covered countries.

Global will issue a release related to a new Joint Venture agreement to be executed next week on Monday. The potential acquisition, future licensing contracts currently in discussions and timelines for contracted work by Global, as well as status of financial reporting timelines will also be released in a letter to shareholders release within the next few weeks.

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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