SOURCE: Global Technologies, Ltd.

July 12, 2010 09:35 ET

Global Technologies Notes Obama Call for $5B in Clean Energy Tax Credits: Increases Revenue Projections and Asset Valuation

LONDON--(Marketwire - July 12, 2010) -  Global Technologies, Ltd. (PINKSHEETS: GTLL) announced today it revised upwards the revenue projections and the market value of its core asset holdings based on Presidents Obama's call last Friday for Congress to expand the clean energy tax credits.

Obama told an audience at the University of Nevada that a $5 billion increase in clean energy manufacturing could generate nearly 40,000 jobs.

Through its pioneering Innovation Development & Demonstration (ID2) Partnership, GTL focuses on the acquisition and development of nascent innovations, inventions and Intellectual Property (IP). Of key interest to the Company are operations and technology holdings in the sustainable energy and environmental sectors.

The Company has moved quickly to increase the market value of the asset value and advance the income projections of the $15,000,000 acquisitions of its initial fifteen (15) Intellectual Property (IP) Assets acquired from CLE's extensive IP holdings, through an equity-building issuance of Preferred Stock that created no debt for the Company.

Development Projects have now been launched for all of the first nine (9) core Wind Turbine Blade Design technologies and has signed a $15,000,000 Intellectual Property (IP) Development & Distribution License with the Wind Design Distribution Group (WDD), a UK Limited Partnership, for development and distribution the first of its proprietary Wind Turbine Blade Designs.

All of these initiatives will benefit directly from the $5 billion clean energy tax credits.

The Company will continue to provide updates as these projects progress though the stages of its pioneering Innovation Development & Demonstration (ID2) Matrix. The Company has further licensing agreements and development projects to emerge from these core assets as the analysis and prioritization process continues.

The Company has recently announced the launch its international licensing and distribution program for its portfolio of technology and solutions. The licensing program affords worldwide partners the ability to obtain access to, and distribution rights to, Global Tech's portfolio and solutions.

The new licensing program furthers the Company's expansion and business strategy for 2010; to aggressively acquire, develop, license and expand new technologies and operations as part of its enhanced business plan and strategic operational focus.

By supporting early stage research, the Company will leverage its technical and financial resources for the benefit of the inventors, stakeholders and the innovation marketplace. GTL invites professional third party collaboration with public, private and institutional partners across all phases of the development cycle.

Through its pioneering Innovation Development & Demonstration (ID2) Partnership, GTL focuses on the acquisition and development of nascent innovations, inventions and Intellectual Property (IP). Of key interest to the Company are operations and technology holdings in the sustainable energy and environmental sectors.

The Company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, joint development agreements and technology licensing or distribution agreements.

About Global Technologies, Ltd.
GLOBAL TECHNOLOGIES (GTL) is a technology portfolio company that acquires nascent technology and related innovations, inventions and IP assets to enhance their growth and development. The company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, and technology licensing or distribution 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.

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This release contains statements or projections regarding future performance that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's filings contain various RISK FACTORS (and are incorporated on the Company's website "Investors" section by reference) and should be read before any investment decision.

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