SARASOTA, Fla., Oct. 8 /PRNewswire-FirstCall/ -- Global Technologies Group, Inc., (Pink Sheets: GTGP) has granted an exclusive sublicense for Brownfields and redevelopment properties which utilize the patented MBS technology valued at one million five hundred twenty five thousand dollars ($1,525,000) The sublicense was executed by Global October 07, 2009. The company intends to file a form 8k on October 09, 2009 disclosing the entire license agreement. The exclusive sublicense is for the country of Canada. The license enables the use of the MBS technology for Brownfields and redevelopment sites. MBS (Molecular Bonding System) renders metal-contaminated soil inert and has passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year test, showing that the technology permanently stops heavy metals, such as lead, arsenic and cadmium, from leaching into the environment, including rivers, marshes and streams. This system is especially suited for on-site remediation, eliminating the traditionally more expensive transportation of contaminated soils to off-site locations. MBS has been applied to major projects both in the U.S. and abroad, including the Ocean State Steel property in East Providence, Rhode Island which received the "Brownfield's Project of the Year" Award from the Environmental Business Council of New England and the Syndial site in Ravenna, Italy. "As a result of multiple negotiations for exclusive sublicensing rights with several entities for territories and pricing, this agreement continues to meet our business plan of not only acquiring exclusive licenses for Global's use but also the sublicensing of the licenses to other companies in portions of the geographic regions which are covered under our exclusive licenses. To date, the total value of the sub licenses issued is 2,775 million dollars," said James Fallacaro, President. The MBS technology is a product of U.S patents developed, filed and issued to Solucorp Industries, US Patent numbers 5,898,093 and 5,877,393. Global has an exclusive license from Solucorp for North, Central, South America, Canada and Russia for Brownfield and Redevelopment properties which was purchased by and issued to Global on October 20, 2008. WWW.GLBTECH.COM About Global Technologies Group, Inc: Global Technologies Group, Inc. is a company that is in the business of acquiring exclusive licenses on proven new technologies in the environmental and green industries. The criteria for the licensing of the technologies are they must be proven, in use and have an underlying valid patent. The business plan of Global is to utilize the licenses for its own use and to also sublicense the technologies it acquires to companies in geographic regions covered under the original license grant. The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the outcome of demonstration results, timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult-licensed professionals prior to making an investment decision. DATASOURCE: Global Technologies Group, Inc. CONTACT: James Fallacaro of Global Technologies Group, Inc., +1-941-685-1616, or fax, +1-941-847-0909, Web Site: http://www.glbtech.com/

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