SOURCE: Global Technologies, Ltd.

November 30, 2010 12:54 ET

Global Technologies Ltd. Announces Plans for Merger Introducing New Current Revenues of $6 Million

LONDON--(Marketwire - November 30, 2010) - Global Technologies Ltd. (PINKSHEETS: GTLL) -- The company intends to merge with and acquire new operations with current revenues, profits, and equity.

The intended merger partner indicates pro forma current profit and revenues of $6,000,000 with operational and delivery contracts in place for $4,000,000 in additional revenue over the next 6 months. The merger candidate has projected further sales contracts of similar amounts within 12 months.

The company will announce further details of the new acquisition and operations later this week and the next.

The company believes the merger of its operations with that of a stronger operating enterprise provides immediate benefit to shareholders and the company's current technology incubation strategies.

The anticipated new operations introduce a completely new management team and corporate vision. The company will not change its name or reverse-split its stock. The transaction is a 'change of control' transaction between private parties that does not require the issuance of new stock.

Shareholders can expect a full disclosure filing on Pinksheets. This filing will contain all relevant financials and related operational disclosures. The filing will bring the company to "Current Information" status and by so doing expand the company's investor base and trading attractiveness.

The company plans to complete its various audits and file with both the SEC and the OTCBB for trading.


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.

GTL invests primarily in innovative and promising clean/renewable energy or bio-tech technologies that have reached the stage in the critical Technology Development & Demonstration phase of the Innovative Cycle, which includes Prototype, Demonstration and Market Analysis.


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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