SOURCE: Global Technologies, Ltd.

February 15, 2011 13:16 ET

Global Technologies, Ltd. Files Initial Public Disclosure Statements

LONDON--(Marketwire - February 15, 2011) - Global Technologies, Ltd. (PINKSHEETS: GTLL) announced today it filed the required Initial Company Disclosure Statement with the OTC Disclosure Service. Upon review by the OTC Disclosure staff, the Company anticipates being issued an upgraded information status thereby improving market liquidity and investor access.

The disclosure has been properly filed to ensure all investors receive timely public information.

The Company is completing its consolidated GAAP financials statements for the year 2009 through 2010. These financials are published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 and the OTC Disclosure Guidelines. The Company anticipates filing its consolidated financials on 16 February 2011. 

The company plans to complete its various audits and file with the SEC as a "reporting company" for trading.

The company recently announced its plans to acquire VX Partners. The Company's consolidated financials will include the combined operations of the two entities.

About VX Partners

VX Partners is a special purpose private technology holding partnership which owns several social media and related technologies for the rapid creation, deployment, and distribution of social networking for both personal and business related applications. VX Partners' technologies include: GPS auto-checkin locator services for personal and commercial relevance networking, rapid-build social site construction tools for vertical and custom branded market applications for both customer and employee loyalty and incentive programs, personal and enterprise application tool builder for individualized applications for social media interactions and sharing. VX Partners' technology and applications are designed to create new stand-alone social media sites as well as integrate into or tie-together existing popular sites such as Facebook, eBay, Twitter, Amazon.Com, among others. VX Partners has branded its technology and solutions for as the "Social Cloud Space" enabled by the integration, communication, and seamless access by and among multiple social platforms.

ABOUT THE COMPANY

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.

SAFE HARBOR

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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