Global Technologies Group, Inc. Shareholders Letter
13 Giugno 2011 - 7:23PM
Marketwired
Global Technologies Group, Inc. (PINKSHEETS: GTGP) Global today
announces status of all areas of business of the company to date.
Potential Acquisition
Global has completed all the necessary due diligence of the
target company and the only remaining issue to be dealt with is the
purchase price. Due to the timing of several large contracts which
were entered into in the last few months the purchase price has
been adjusted after each new contract was agreed to and accepted by
the company to be acquired. As Global is moving through this
process of evaluating the value of each new Global is formulating a
purchase agreement with its' Investment banker whereby a price will
be determined based on the present value of the company to include
any additional new contracts which happen prior to a closing.
The current results of the joint venture agreements:
M2/MBS MSE is authoring a report to be presented by them to
the-the Annual Waste Management (WM) Conference, presented by WM
Symposia (WMS), is widely regarded as the premier international
conference on the management of radioactive materials and related
topics. WM2012 is the 38th year of the conference and is expected
to attract over 2,000 nuclear specialists from over 35 countries,
presenting more than 500 papers in over 90 technical sessions. WMS
was founded to provide a forum for discussing and seeking
cost-effective and environmentally responsible solutions for the
safe management and disposition of radioactive waste and
radioactive materials. This year the conference theme for WM2012
is: Improving the Future in Waste Management.
Sponsoring organizations include the American Nuclear Society
(ANS), the American Society of Mechanical Engineers (ASME) and the
Organization for Economic Co-operation and Development/Nuclear
Energy Agency (OECD/NEA). The conference is also organized with
input from the US Department of Energy (DOE), the US Nuclear
Regulatory Commission (NRC), the US Environmental Protection Agency
(EPA); the US Department of Defense (DOD) and the International
Atomic Energy Agency (IAEA).
This is the next step for both M2 and Global as it puts the new
combined technology tested and validated by MSE in front of the
major government agencies they work with along with their
credentials in this field. Both M2 and Global have also been in
contact with several companies that are current clients and
contacts of M2 and Global and were interested in the combined new
product and were waiting for the final results and validation of
the combined technologies which were achieved.
With the successful testing of MBS in a power plant for the
successful removal of mercury from flu gas, we have been asked to
provide a design for treatment of mercury for a well known Cement
plant along with design features to retrofit the plant to use the
MBS process. For this project, we are tasking MSE for design and
implementation. It should be noted that the EPA has mandated all
cement plants must confirm to the new regulations requiring the
reduction and omission of mercury from their flu gas. Currently
that encompasses over 140 thousand plants in this country
alone.
M2/MSE/Global
We are preparing the required documents for submission for this
100 million dollar project with our partners.
NAVAL FACILITIES ENGINEERING COMMAND ATLANTIC
ENVIRONMENTAL REMEDIAL ACTION CONTRACT (MOD) SOL:
N62470-11-R-8004 DUE: 071211 Indefinite
Delivery Indefinite Quantity (ID/IQ) type contract for one base
year and four one-year option periods. The total maximum value for
the contract is $100 million inclusive of the base year and all
options. Work will be performed by the issuance of task orders. The
work includes remedial actions at environmentally contaminated
sites predominately located at Navy and Marine Corps Installations
and other Government agencies. CITE:
https://www.fbo.gov/?s=opportunity&mode=form&tab=core&id=e89e5ac78d3c8c5e045250a80445a179&_cview=0
Posted: 06/03/11 SPONSOR: N62470 NAVFAC ATLANTIC Code AQ 6506 Hampton
Blvd, Building A Norfolk, VA PUBLICATION
DATE: June 5, 2011 ISSUE: FBO-3480
E.m.h.i. and Solucorp
We are currently compiling all information, testing and
background data for all uses of Emhi IFS technology as well as all
uses of the MBS technology unrelated to the original license grant
between Solucorp and Global.
We are currently in additional negotiations for sub licenses
with several companies for use in various parts of the U.S. and the
Middle East, for various technologies under license and joint
Ventures.
We are also currently reviewing several brown field projects for
remediation and redevelopment in several states which includes
redevelopment agencies.
Middle East
In Israel, we are working with a well know law group both with
offices in the U.S. and Israel regarding the new mandate from the
Israeli government that states all hazardous sites in Israel must
and will be cleaned up.
Global is currently updating its website which will contain
further background on all of the above and moving to new offices
and transisitioning during the next few weeks. The website will not
be down during the updating as all changes and additions will be
done on our mirror site and simply will be active when finished.
The time frame for the website change will be Friday, June 17,
2011.
Financials
We are currently finishing up the financials which will bring us
up to date for uplifting to OTCBB. They should be completed for the
year end June 30, 2011 and will be filed for that period prior to
the final date for filing of that annual report.
For additional information on MSE, MBS, M2 and EMHI please visit
our website at WWW.GLBTECH.COM
Global Technologies Group, Inc. (GLOBAL) is a company that is in
the business of acquiring exclusive licenses and distribution and
reseller contracts on proven technologies in the environmental,
green and war fighter industries. The criteria for the licensing or
distribution agreements of the technologies are: they must be
proven, validated and in use. The business plan of Global is to
sublicense the technologies it acquires to companies in Countries
covered under the original license grants and for its own use. For
our exclusive distribution and reseller agreements, we partner with
appropriate representatives in the covered countries for resale of
turn key projects.
Contact James Fallacaro Email Contact 941-685-1616
WWW.GLBTECH.COM
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