SOURCE: Global Technologies, Ltd.

March 04, 2011 12:06 ET

Global Technologies Ltd. to Release First VX-Connect Facebook Crowd-Sourcing Module

LONDON--(Marketwire - March 4, 2011) - Global Technologies, Ltd. (PINKSHEETS: GTLL) announced today the first of its planned releases of it social-networking connectivity technologies and solutions for the creation of real-time geo-locating connectivity and real-time crowd-sourcing content delivery.

The VX-Connect series of plug-ins and developer tools provide both real-time check-in and geo-location connectivity content for users and vendors.

The VX-Facebook module checks-in and connects similar users and compatible local businesses or vendors. Similar interests and user-defined content types will be instantly aggregated by and between everyone within a defined geographical area or radius.

The combined crowd-sourced interest and content overlap allows businesses and users to be notified of products, services, other users, and nearby activities matching the user's settings. These features deliver unique and unprecedented highly targeted content to users not otherwise available. 

These functions are expected to replace and evolve beyond traditional modes of advertising or notifications. For example: Users and notified of other users in their area with similar interests or needs, automatically, and based on GPS location. Businesses are notified of users within the area who may be interested in their product or service. These businesses can automatically broadcast special offers to these 'pre qualified' interested customers. Customers receive value and special pricing and businesses receive increased revenue in a way not possible with traditional modes of notification or advertising.

Vendors are instantly notified of crowd-sourced thresholds of interested customers allowing provide offers or special sales to everyone in the vicinity. This powerful feature allows business to have customer 'level-of-interest' information never before possible. Both businesses and customers value from this new crowd-source content feature.

The Company believes this model of geo-located crowd-sourced content distribution is the next evolution in real-time social media.

Interfaces to other popular internet retailers, social-media sites, and content distributors will be announced.

About Global Technologies/VX Partners

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.

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.


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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