SOURCE: Globalgroup Investment Holdings, Inc.

June 20, 2012 09:30 ET

Globalgroup Investment Holdings Introduces New Software for No-Credit-Check and Layaway Markets

PLANO, TX--(Marketwire - Jun 20, 2012) - Globalgroup Investment Holdings, Inc. (PINKSHEETS: GIHI), the nation's newest proprietary technology solutions provider for payment and collection services, announced today the expansion of its GlobalLOK™ payment code program into the nation's No-Credit-Check and Layaway markets. The software is designed for integration into computers marketed by the numerous companies offering PCs and laptops to individual consumers within the multi-billion dollar "Cash Advance" space, which includes time payment or consumer layaway programs.

GlobalLOK™ assures payments for client assets by disabling the PC or laptop if scheduled payments are not received on time. The technology operates on any PC with Windows XP, Vista or Win7 OS. GlobalLOK™ can be easily installed by Globalgroup's clients on their inventoried systems prior to customer sale and delivery.

"Historically marketers in this space have not suffered from a lack of consumer interest in the sales offer. But in reality the problem has been to find a financially feasible way to force the sub-prime customer to continue making payments once a system was shipped. With GlobalLOK™ Globalgroup's proprietary software solves that problem. GlobalLOK™ allows GIHI clients to ship a PC or laptop more rapidly, improves collection ratios, increases returns on deployed assets. Additionally, GlobalLOK™ reduces client staffing resources needed to follow up on the customers delinquent payments and time spent recovering computer assets from non-paying customers," stated Fred Rackers, Globalgroup President.

In addition to providing GlobalLOK™ for client-owned computers, Globalgroup, through its relationships with major manufacturers and distributors of brand name and private label computers and electronics will offer PCs and laptops at very competitive wholesale prices with the GlobalLOK™ proprietary software already embedded.

Globalgroup projects 7% first year market penetration within the No-Credit-Check and Layaway markets. Globalgroup anticipates annual revenues of $1,500,000 from GlobalLOK™ licensing fees and wholesale PC and laptop sales.

About Globalgroup Investment Holdings, Inc.

GIHI ( integrates proprietary technologies into mainstream business uses. Solutions such as GlobalLOK™ software address the payment collection challenges associated with rent-to-own and pay-as-you-go computer programs.

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