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Global Technologies Group, Inc. Completes Formation of the Company's Group Members

Posted on: Wednesday, 11 March 2009, 09:46 CDT

SARASOTA, Fla., March 11 /PRNewswire-FirstCall/ -- Global Technologies Group, Inc., (Pink Sheets: GTGP), has completed the formation of the company's Group members.

They are exceptional professionals in their fields. They include Chemical Engineers, molecular and biological engineers, builders and developers, the former director of Region 3 for the E.P.A. and large well known remediation companies with clearance for work on D.O.D. and D.O.E. projects. For further information about our company and the group members, please visit the company's website http://www.glbtech.com.

According to James Fallacaro, President of Global, "This will enable Global to market exclusively to third parties, including cities, towns, states and the federal government, properties under their jurisdiction, the MBS remediation process in Brownfield sites (currently over 450,000 in the U.S.) and redevelopment sites as well as negotiating contaminated property acquisitions for the company's own portfolio." Mr. Fallacaro added, "We will be working with our partners individually or in partnership with local governments, and 'clean up' the property that previously could not be utilized due to the excessive heavy metal contamination for development by our group. In addition, with the remediation technologies used by our remediation partners, we will be able to handle all clean up of contaminated soils which are contaminated with additional environmental hazardous waste."

Global utilizes under exclusive license, the MBS technology for Brownfield 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 transportation of contaminated soils to off-site locations. The MBS technology is a product of U.S. patents. U.S. Patent numbers 5,898,093 and 5,877,393.

Contact: Global Technologies Group, Inc. JIMF@GLBTECH.COM Ph: 941-685-1616 Fx: 941-847-0909

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.

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.

SOURCE Global Technologies Group, Inc.

Source: PR Newswire

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