Global Technologies Group, Inc. in Negotiations to Acquire a Nationally Known Company Encompassing a Premier Testing Facility...
18 Noviembre 2010 - 8:00AM
Business Wire
Global Technologies Group, Inc. (Pink Sheets: GTGP) has been in
ongoing discussions for the acquisition of a company known for its
research, development and deployment of commercial projects in
waste treatment, environmental remediation, advanced materials,
energy conservation, and other innovative technology areas. The
company’s processes for technology development include bench-scale
apparatus, engineering-scale demonstrations and full-scale
equipment development. Global has been informed that a meeting of
the company’s board will be held in January to review this pending
transaction as well as the due diligence requirements for a
proposed sale. Global, in preparation for this transaction, has
brought in a large, well known Investment banking firm to be
Global’s financial advisors and, if it meets their criteria, fund
the acquisition. Global intends to incorporate the company as a
wholly owned subsidiary. The name of the company and the investment
banking firm have not been disclosed as there are NDA agreements in
place. The unnamed company’s revenue is in excess of 20 million
dollars annually.
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. For our exclusive
distribution and reseller agreements, we partner with appropriate
representatives in the covered countries for resale of turn-key
projects.
Global Technologies (CE) (USOTC:GTGP)
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Global Technologies (CE) (USOTC:GTGP)
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