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Global Technologies Acquires Vertical Axis Technologies and Adds $6,000,000 to Portfolio and Furthers Business Expansion

^{Published on 2010-06-23 14:51:28 - Market Wire}
 

LONDON--(Marketwire - June 23, 2010) - Global Technologies, Ltd. (PINKSHEETS: [ GTLL ]) has exercised its option to acquire select Vertical Axis Turbines Application Designs and Engineering from Creative Laboratory Enterprises (CLE). This acquisition continues the Company's expansion and business strategy for 2010. As promised to stockholders, GTLL will continuously acquire and expand new technologies and operations as part of its enhanced business plan and operational focus.

This portion of the transaction is valued at a further $6,000,000 purchased through an equity-building issuance of Preferred Stock and will create no debt for the Company. On June 2, 2010, the Company completed the initial phase of this Agreement and acquired, also through the issuance of Preferred Stock, $9,000,000 of core Innovative Wind Turbine Blade Designs from the CLE's extensive holdings.

This transaction is one in a series of anticipated IP acquisitions planned as a result of the Joint Development Agreement with Creative Laboratory Enterprises (CLE), a private Intellectual Property (IP) and Technology Holding company, completed earlier this year and substantially expands its core Small Wind technologies and adds impetus to its recently announced Innovation Development & Demonstration (ID2) Partnership.

The Company recently announced that it had commenced patent protection on its first 9 Wind Turbine technologies recently acquired from CLE, together with the launch of the first five (5) Development Projects based on the Wind Turbine Blade Designs. The remaining four (4) Wind Turbine Blade Design Projects, together with Patent protection and Projects evolving from these Vertical Axis Turbine Intellectual Property assets, will be announced in due course.

The Company believes Small Wind-Power Generation, for residential and commercial use, is a high growth sector that promises to become a significant and vital energy option primed for strong sales growth of the company's holdings and technologies. According to a recent report from Pike Research, the global small wind market is poised for strong growth in the next few years, with revenues forecast to expand from $203 million in 2009 to $412 million in 2013.

GTL invites professional third party collaboration with public, private and institutional partners across all phases of the development cycle. The Company accepts submissions from both inventors and joint venture development partners; and will be actively seeking collaboration from all sectors in advancing its Wind Turbine Blade Designs. The details of the specific projects will be posted and regularly updated on Projects (PRj) portal @ [ www.GlobalTechnologiesLtd.com ]

The Company anticipates further announcements regarding the acquisition and development of additional technologies, as it completes the prioritization and acquisition strategy of the CLE IP portfolio based on current stage and future marketability.

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. By acquiring and funding novel early stage research, the Company will leverage its technical and financial resources for the benefit of the inventors, stakeholders and the innovation marketplace.

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.

Safe-Harbor
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.