SOURCE: Global Technologies Group, Inc.
SARASOTA, FL--(Marketwire - Jul 9, 2012) - Global Technologies Group, Inc. (PINKSHEETS: GTGP) has scheduled meetings with Richard Trentheway, COO, MSE Technology Applications Inc., and Jim Kambich, CEO, Montana Economic Revitalization and Development Institute (MERDI), and the entire board of both companies on July 25th through July 27th at their headquarters in Butte, Montana. These meetings will entail all aspects of the closing scheduled to be completed by August 15, 2012.
"The scheduled meetings I will be attending are the culmination of a long process in the execution of our business plans for the acquisition of MSE and all of the subsidiary companies from MERDI. There are also meetings scheduled with the business owners, the townspeople of Butte and government representatives of both Butte and Montana. I am fully confident that MSE, in combination with the upgrades planned and additional business generated by Global will become a world class facility. This will also cause a needed increase in employment opportunities for the people of Butte and Montana. We look forward to this closing," stated James Fallacaro, President of Global Technology Holdings, Inc. and Global Technologies Group, Inc.
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.
Solucorp Industries is the patent holder and licensor of the MBS technology.