Global Technologies Ltd (PK) (GTLL) 銘柄情報

https://x.com/GlobalTechGTLL/status/1861032041392845116

They "sold" a lot of preferred shares. "Sold" as in giveaways. The value of those shares had been shown as a liability. When those preferred shares were issued, that liability went away thus having the effect of increasing shareholder equity.

Showing that shareholders giving away equity actually increases equity. But only in the pinkies.

Not sure how they came up with the figures but the company posted and I shared it.

Any idea where that figure comes from and how it's derived?

Revenue from the quarter was $669,431, with a net income of $256,549. While positive, it's not as impressive as the shareholder equity figure shows.

Also, quarter to quarter is more representative of where things stand at present and going forward, than comparing to a year ago. They didn't even have operating businesses a year ago.

Which of course is bullshit because most of the "gain" was from selling stock and not operations.

https://x.com/GlobalTechGTLL/status/1856401643937640894

Global Technologies, Ltd. Announces Its Financial Results for the Quarter Ended September 30, 2024 with Major Financial Highlights and Accomplishments

Revenue and Shareholder Equity Continue to Increase

Parsippany, NJ, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC: GTLL), a Delaware corporation, today announced its financial results for the quarter ended September 30, 2024.

Financial Highlights:

-Shareholder Equity increase of $4,842,205 at September 30, 2024 from September 30, 2023;

-Revenue increase of $669,431 for the quarter ended September 30, 2024 versus September, 30, 2023, or 100.00%;

-Gross Profit increase of $477,542 for the quarter ended September 30, 2024 versus September 30, 2023, or 100.00%;

-Net income of $256,549 for the quarter ended September 30, 2024 versus $1,224,822 for the quarter ended September 30, 2023. The decrease in net income for the quarter ended September 30, 2024 is largely due to a gain in derivative liability recognized during the quarter ended September 30, 2023 that was not recognized during the quarter ended September 30, 2024.

Financial Commentary:

- Shareholder Equity: At September 30, 2024, shareholder equity increased to $1,789,020, an increase of $256,549 from June 30, 2024 and $4,842,205 from September 30, 2023. The increase in shareholder equity for the quarter ended September 30, 2024 is largely attributable to the Company’s increase in revenue;

- Revenue Generation: For the quarter ended September 30, 2024, Global Technologies reported revenues of $669,431, an increase of $669,431 as compared to the quarter ended September 30, 2023. The Company’s increase in revenue was largely attributable to 10 Fold Services with GOe3 contributing with its initial sales;

- Gross Profit: The Company achieved a gross profit of $477,542 for the quarter ended September 30, 2024 an increase of $477,542 as compared to the quarter ended September 30, 2023. The Company anticipates that its gross profit will continue to improve as it enters into new Sales Agreements;

- Net Income: The Company achieved net income of $256,549 for the quarter ended September 30, 2024, compared to net income of $1,224,822 for the quarter ended September 30, 2023. The decrease in net income for the quarter ended September 30, 2024 is largely due to a gain in derivative liability recognized during the quarter ended September 30, 2023 that was not recognized during the quarter ended September 30, 2024.

Accomplishments Since Quarter End:

-Formed PrimeCare Supply, LLC, a Wyoming limited liability company, to enter into new Sales Agreements with additional pharmaceutical suppliers;

-Company continues to pay down on its dilutive convertible debt and notes payable;

-Continued development of the Company’s Customer Relationship Management Sales Platform software instrumental in the increase in customers and revenue;

-GOe3 continues to align itself with the General Services Administration in an effort to becoming a multiple awards schedule holder in order that they may be awarded contracts through the latest Clean Energy Infrastructure bill, grants, and tax credits.

Management Commentary:

"Our continued growth demonstrates our team’s ability to consistently drive improvement through the use of our technology," said Fredrick Cutcher, CEO of Global Technologies Ltd. "We are glad to see the maturation of GOe3 with its initial sales and expect to see further expansion of revenues from them over the next year.”

Future Outlook:

Global Technologies remains committed to expanding its market presence in the health and wellness and EV sectors. The Company anticipates continued operational improvements and an increase in its revenue as it further develops its subsidiaries' capabilities and explores new strategic opportunities.

The Company will continue to invest in top talent at the executive level and in selective technology to drive organic growth.

The Company’s Quarterly Report for the quarter ended September 30, 2024 can be found on the Securities and Exchange Commission’s website at www.sec.gov and on the Company’s website at www.globaltechnologiesltd.info.

https://x.com/GlobalTechGTLL/status/1856347535268266268

https://x.com/GlobalTechGTLL/status/1856318672416976961

This is another pinky scam built around common shareholder ignorance. Common shares are nearly worthless based on the conversion structures in play. And that is only if this is ever a real company. If it is not, then the common shares are totally worthless.

So buy away.

Near future? No, probably not

The shell was removed too. 

Definitely looks better than it did when they were trying to merge with Tersus.

Does any of that give hope to shareholders for anything meaningful in the very near future?

Wayne's just a share holder now.
Their last note hit 2 weeks ago.
They showed 1 mill in revenue from the Phrama ventures on last fins

And GOE3 still has potential with Bruce taking over. 

I was hoping for better returns in 2024, but that has not happened lol. All the best.

Why not, look at that support at 0002. I don’t watch this one too closely and am not concerned really with what drives a pinky up. Could care less. Speculation, rumors, are what usually drive stinky pinkies.

Why should there be volume?

3’s are thin, where’s the volume

I am, thanks. Hope you're doing well in other investments besides GTLL. 🙂

Thanks for the update sir! I hope you are doing well :)

Annual report is out.

https://www.otcmarkets.com/filing/html?id=17854042&guid=6mL-kWUl8lVaJth

The reported Short Volume amount does nothing to delineate it's source. It could vary well be due to "dilution or retail selling off". Or any number of other things. It merely reports which leg of a 2 leg trade is executed first. If the buy side is the first, it is long and if the sell side is first it is labeled short. All, or almost all, of both such short or long trades are cleared in microseconds with the flip side of the trade.

Yep. just MMs doing their jobs to create an orderly market.

Now, it's up to Cutcher to create market demand.

"Over the past 12 months, we have taken steps to increase shareholder equity through an expansion of our operations and subsequent increase in revenue, decrease in debt and other measures," said Fredrick Cutcher, Chief Executive Officer of Global Technologies, Ltd. "We are extremely excited to keep pushing forward to our goal of an uplist to the NASDAQ or a National Exchange."

I’m not implying a short squeeze. I simply stated that volume was not dilution or retail selling off. It was short volume

Freedom-2-Thrive, LLC and Eagle Log Cabins, LLC

You can look them up at the Washington State SOS website. You don't need to log in to do a corporate search.

https://ccfs.sos.wa.gov/?_gl=1*4obdrt*_ga*MzgwNDIzNzAuMTcyNDI1MjA1Mw..*_ga_7B08VE04WV*MTcyNDI1MjA1My4xLjEuMTcyNDI1MjExNi4wLjAuMA..#/Home

I don't doubt there's something short out there, interest or volume.

I'm just waiting for him to kick this thing and gear and get it going

I doubt a short squeeze is happening, as well.

I guess Ryan thinks so, though, so you never know, huh?

I've conceded to not adding for quite some time now. Just been riding the wave and hoping for something positive to exit at the very least even, or with a small profit. Been in now for over 3 years. I've never shorted a stock. I do not even have a margin account, so that's not happening.

Better buy all you can before the short squeeze!

https://x.com/LiquidityNews/status/1826045823227981910

So it is a meaningless number and not worth mentioning. Yet you keep mentioning it. Why?

Thomas Feller

https://freedom2thrivetinyhouse.com/

Trying to imply there'll be a short squeeze in the ticker id what's disingenuous.

But if people are too lazy to learn the truth rather than listen to some anonymous poster (yes, that includes both of us) they do so at their peril.

So have fun touting Finra's daily numbers. I'm not wasting my time with it.

Oh, and while people research how a MM makes a market in theses trip zero tickers, research how much it costs to do so. It's expensive and also comes with the risk that it might get pumped to where covering is necessary. That's any investors worse nightmare.

I know what you said. I in return mentioned short interest to correct the implication you'rte making. I'm allowed to do that, you see. Short "volume" is relatively meaningless data no matter how you post about it. Learn how MMs make a market in these low-priced OTC stocks and then you won't be misleading anyone in thinking there'll be a short squeeze coming.

FYI, OTC Markets doesn't always bother to update the short interest numbers if they don't change. When they do, they will.

Yeah baba. I wouldn’t believe this slojab guy further than I could throw it. Referencing short interest numbers from 5 months ago is pretty disingenuous.

Can you read? I said short VOLUME not short interest.

295M shares were sold short 8/20.

PS. That short interest number you reference is from March 15 2024. FINRA doesn’t even update short interest for these OTC stocks as they should but go on telling me I don’t know what I’m looking at

Short volume is the number of shares sold SHORT in any given period. In this instance, we’re talking the short volume from 8/20 which was 295M shares sold short.

Hey, Bada, do yourself a favor and don't automatically believe anyone on these boards when you can research a topic for yourself so you know the truth of something.

There's Finra's daily short numbers and then there's short interest. They're interrelated but you need to know how MMs make a market in a stock.

If you already know how it works, never mind. But others reading this board may take my advice if they don't.

Wrong.

Short Interest 3,039 shares.

Most people know the difference between short volume and short interest. Become one of those people.

Do you have a clue? Short volume only means selling. We already know sells were 7x buys today.

Short volume

Wrong. It was short volume.

295M short today

Wrong

295M short volume.

In looking at the times on the trades that have happened today, it appears like one individual unloaded roughly 200mil shares. Could mean bad news, but we'll be the last ones to know if it is. They don't communicate with shareholders much.

People getting out before bad news hits?

What's with all the volume all of a sudden?

GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion.How pathetic they are still saying that BS. GOe3 had 2 patent applications, 13923329 and 13950214. Both were filed in 2013 and have been abandoned. Typical pinky crap.

GOe3 Unveils AI Designed to Protect User Identity and Empower Individuals

PARSIPPANY, New Jersey, July 31, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink: GTLL) (the “Company”) is pleased to announce that its subsidiary, GOe3, LLC, has launched a revolutionary Artificial Intelligence (AI) system designed from the ground up to protect user identities while simultaneously delivering an authentic user experience to the marketplace.

The new AI system offers the following key features:

Complete Anonymity: The AI system ensures complete anonymity for users, always protecting their identities and personal information.

Income for User Data: In a first-of-its-kind initiative, the AI system provides users with income for their data. This innovative approach acknowledges the value of user data and empowers individuals to benefit from it.

AI Assistant: The AI system also functions as a personal assistant, catering to all personal needs of the user. Built with device mobility in mind, the AI assistant is accessible anytime, anywhere.

User Computing Enhancement: The AI system provides a leveling system that enhances user computing understanding and implementation. This feature is designed to help users improve their digital literacy and make the most of their online experiences.

Decentralized Blockchain: The AI system creates a digital version of the user on a decentralized blockchain. This “digital you” can manage all of your needs, with you in control at all times.

“We are incredibly excited about this launch,” said Bruce Brimacombe, Chief Executive Officer of GOe3. “Our new AI system is a game-changer. It not only protects user identities but also empowers individuals by giving them control over their data and providing them with a personalized AI assistant.”

“GOe3 is committed to pushing the boundaries of technology and creating solutions that put users first,’” said Fredrick Cutcher, Chief Executive Officer of Global Technologies. “This new AI system is a testament to that commitment.”

About Global Technologies, Ltd.:

Global Technologies, Ltd, based in Parsippany, NJ, is a multi-operational company with a strong desire to drive transformative innovation and sustainable growth across the technology and service sectors, empowering businesses and communities through advanced, scalable solutions that enhance connectivity, efficiency, and environmental stewardship. The Company envisions a future where technology seamlessly integrates into every aspect of life, improving the quality of life and the health of the planet. Our vision is to lead the industries we serve with groundbreaking initiatives that set new standards in innovation, customer experience, and corporate responsibility, thereby creating enduring value for all stakeholders. For further information, please visit the Company’s website at www.globaltechnologiesltd.info.

About GOe3, LLC:

GOe3, LLC, based in Scottsdale, AZ, intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion. For further information, please visit the Company’s website at www.goe3.com.

Forward-Looking Statements and Disclaimer

Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.

Contact:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
https://www.globenewswire.com/newsroom/ti?nf=OTE5NjE2MyM2NDAwMjMxIzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/MTUwZmJiYTYtY2E0NS00NWZmLWIzMTktOWMxOTBjODM4NzEzLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png

Source: Global Technologies, Ltd

© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2933387

Looks to be on the right track now? Let's see if they can complete the process.

Global Technologies, Ltd. Increases Shareholder Equity Through Preferred Stock Exchange

Company Takes Steps to Uplist to NASDAQ or a National Exchange

PARSIPPANY, New Jersey, June 27, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink: GTLL) (the “Company”), is pleased to announce that it has entered into a Share Exchange Agreement to increase the Company’s shareholder equity.

On June 25, 2024, the Company filed a designation for a new series of preferred stock, titled Series N Preferred Stock (“Series N”), with the Secretary of State of the State of Delaware. The Holders of the Series N shall vote together with the outstanding shares of Class A Common Stock and have a fixed conversion price of $.50 per share.

On June 26, 2024, the Company entered into a Share Exchange Agreement (the “Agreement”) with each of the Holders of the Company’s Series L Preferred Stock (the “Series L”). As of the date of the Agreement, there were a total of 339 shares of Series L outstanding. As per the terms of the Agreement, shares of Series L were exchanged for shares of the newly designated Series N. A total of 1,864,500 shares of Series N were issued. All outstanding shares of Series L were retired.

The exchange of outstanding Series L shares for Series N shares increases the Company’s shareholder equity by approximately $1.8 million.

"Over the past 12 months, we have taken steps to increase shareholder equity through an expansion of our operations and subsequent increase in revenue, decrease in debt and other measures," said Fredrick Cutcher, Chief Executive Officer of Global Technologies, Ltd. "We are extremely excited to keep pushing forward to our goal of an uplist to the NASDAQ or a National Exchange."

Further details on the Company’s Series N Preferred Stock and the Share Exchange Agreement can be found within the Company’s Current Report on Form 8-K on the Securities and Exchange Commission’s website at www.sec.gov or on the Company’s website at
www.globaltechnologiesltd.info.

About Global Technologies, Ltd.:

Global Technologies, Ltd, based in Parsippany, NJ, is a multi-operational company with a strong desire to drive transformative innovation and sustainable growth across the technology and service sectors, empowering businesses and communities through advanced, scalable solutions that enhance connectivity, efficiency, and environmental stewardship. The Company envisions a future where technology seamlessly integrates into every aspect of life, improving the quality of life and the health of the planet. Our vision is to lead the industries we serve with groundbreaking initiatives that set new standards in innovation, customer experience, and corporate responsibility, thereby creating enduring value for all stakeholders. For further information, please visit the Company’s website at www.globaltechnologiesltd.info.

Forward-Looking Statements and Disclaimer

Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.

Contact:

Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
https://www.globenewswire.com/newsroom/ti?nf=OTE3MDIyOSM2MzQ1NTM1IzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/MGM2MzAyN2YtOTYyZi00YzliLTg4ZDUtZDQzNjk5ZDcwMTllLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png

Source: Global Technologies, Ltd

© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2903099



Global Technologies, LTD Closes on the Sale of Its Commercial Property in Georgia

Parsippany, NJ, April 03, 2024 (GLOBE NEWSWIRE) -- Global Technologies Ltd. (OTC Pink:GTLL) (the “Company” or “Global”) a company with operations in the acquisition and redevelopment of distressed properties and customer sales management is pleased to announce that it has closed on the sale of its commercial building located in Sylvester, GA.

On March 26, 2024, the Company closed on the sale of its commercial building, which was part of the Foxx Trot Tango purchase that took place in June of 2023. The net funds received by the Company will be utilized for operational expenses to help further support and advance both operating businesses: 10 Fold Services and GOe3.

Fredrick K. Cutcher, CEO of Global Technologies, LTD, stated “The sale of our commercial property serves as yet another successful transaction that we have been able to deliver upon early on in 2024. The net funds available from the sale of this property will be instrumental for us to continue on a path of success for both 10 Fold Services and GOe3, as we move into the next quarter of 2024 and beyond.” Mr. Cutcher continued, “This year has started off on a very positive note for us with the closing of the GOe3 acquisition and the expansion of the 10 Fold Services operations.”

The Company looks forward to providing shareholders with additional updates on operations in the near future.

About Global Technologies Ltd.:

Global Technologies Ltd. (OTC Pink: GTLL) is a publicly traded holding company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties and customer sales management. For further information, please visit the Company’s website at www.globaltechnologiesltd.info.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements relate to future events including, without limitation, the terms, timing and closing of our proposed acquisitions or our future financial performance. We have attempted to identify forward-looking statements by using terminology such as “anticipates,” “believes,” “expects,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predict,” “should” or “will” or the negative of these terms or other comparable terminology. These statements are only predictions; uncertainties and other factors may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. You should not place undue reliance on forward-looking statements. The cautionary statements set forth in this press release identify important factors which you should consider in evaluating our forward-looking statements. These factors include, among other things: Our ability to effectively execute our business plan; Our ability to manage our expansion, growth and operating expenses; Our ability to protect our brands and reputation; Our ability to repay our debts; Our ability to rely on third-party suppliers outside of the United States; Our ability to evaluate and measure our business, prospects and performance metrics; Our ability to compete and succeed in a highly competitive and evolving industry; Our ability to respond and adapt to changes in technology and customer behavior; Risks in connection with completed or potential acquisitions, dispositions and other strategic growth opportunities and initiatives; Risks related to the anticipated timing of the closing of any potential acquisitions; and Risks related to the integration with regards to potential or completed acquisitions. In addition, projections, assumptions and estimates of our future performance and the future performance of the industries in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Global Technologies Ltd.’s actual results to differ from those contained in forward-looking statements, see Global Technologies Ltd.’s filings with the Securities and Exchange Commission (the “SEC”), including in its Quarterly Report on Form 10-Q filed with the SEC on February 6, 2024. All information in this press release is as of the date of the release, and Global Technologies Ltd. undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

For further information, please contact:

Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
https://www.globenewswire.com/newsroom/ti?nf=OTA4MzkyMCM2MTg1Mzk4IzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/OWI0ZjVlNzAtNWExNS00NzEyLWE2YzctOGFkMGYwZDBlMWZiLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png

Source: Global Technologies, Ltd

© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2814945


Global Technologies, Ltd Closes on the Acquisition of GOe3, LLC

Parsippany, NJ, March 20, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink:GTLL), a company with operations in the acquisition and redevelopment of distressed properties, and customer sales management is pleased to announce that on March 15, 2024 the Company closed on the acquisition of GOe3, LLC (“GOe3”).

On March 15, 2024, the Company and GOe3 closed on the proposed Share Exchange Agreement. Effective upon closing, GOe3 became a wholly owned subsidiary of the Company and GOe3’s President, Bruce Brimacombe, was appointed to the Company’s Board and as Chairman of the Board of Directors.

“The great things needed in the EV industry can never be accomplished by one person, they are achieved by a cohesive team,” said Bruce Brimacombe, President of GOe3. “With the union of GOe3 and Global Technologies, we will find our path to success.”

“To say we are pleased with this acquisition would be an understatement,” said Fredrick Cutcher, Chief Executive Officer of Global Technologies. “We firmly believe that we have aligned ourselves with the right company and the right leadership team.”

The terms of the Share Exchange Agreement between the Company and GOe3 can be found in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 19, 2024.

About GOe3:

GOe3, LLC (“GOe3”) intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion. For further information, please visit the GOe3 website at goe3.com.

About Global Technologies:

Global Technologies, Ltd. (OTC Pink: GTLL) is a publicly traded company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties and customer sales management. For further information, please visit the Global Technologies' website at globaltechnologiesltd.info.

Contact:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info

Media Contact GOe3:
Ania Kubicki
ANGLES Communications
Call/Text: 480-277-9245
ania@anglespr.com
https://www.globenewswire.com/newsroom/ti?nf=OTA2NjUyMyM2MTQ0NTQzIzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/ZTNiMzMzMzgtOTQ5Yy00ZTg2LTkwNDktOTU1MTBhNTc4YWQzLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png

Source: Global Technologies, Ltd

© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2801145



GOe3 Revolutionizes EV Charging Through Innovative Infrastructure and Digital Connectivity

Parsippany, NJ, Jan. 17, 2024 (GLOBE NEWSWIRE) -- GOe3, the Scottsdale-based electric vehicle (EV) infrastructure company, is at the forefront of revolutionizing the travel industry through an innovative EV charging solution that benefits both business and consumer while addressing the struggles of the nation’s current energy grid. The Company is expanding its horizons in 2024, starting with a merger with Global Technologies Ltd. (GTLL: OTC Pink) in the first quarter of the year and an upcoming expansion of production capabilities.

“We don’t have a problem generating the energy, we have a problem properly distributing it,” said Brian Brimacombe, GOe3 Chief Executive Officer. “We’re trying to change that through the use of solutions like bidirectional charging and technology designs that allow our charging stations to be virtually obsolete proof.”

The innovation in the GOe3 charging station is its design as a modular system that allows for the swapping of parts as technology advances while still maintaining UL and UCL certifications. The Company’s patent pending technology avoids the problems faced by other EV charging station manufacturers when needed upgrades make their systems obsolete.

GOe3 charging stations also allow for bidirectional charging, which allows a charged electric vehicle to send energy back into the grid for use by other devices while it is connected to a charging station.

A pioneer in EV charging stations, GOe3 has always focused on the future and the changing needs of the electric car landscape while designing and implementing charging stations. That forward-thinking approach has led to the development of a superior charging station, but Brimacombe’s vision also includes an interconnected world for travelers and businesses.

GOe3’s digital mobility business unit provides drivers with station locations, trip planning, coupons and more at their fingertips through a smartphone app, while giving businesses an advertising platform.

According to Brimacombe, a 255,000-square-foot manufacturing and production facility in Georgia is slated to be fully operational by year’s end. As the company continues to build nationwide momentum, a major contract with a leading tiny-homes manufacturer will further highlight the advantages of GOe3’s proprietary vehicle to grid charging environment.

To learn more about the infrastructure and digital mobility solutions offered by GOe3, visit goe3.com.

About GOe3:

GOe3, LLC (“GOe3”) began operations on February 12, 2000. GOe3 intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion.

About Global Technologies:

Global Technologies, Ltd. (OTC Pink: GTLL) is a publicly traded company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties. The company seeks to capitalize on underutilized or undervalued assets, creating opportunities for growth, and delivering exceptional value to shareholders.

Contact:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info

Media Contact GOe3:
Ania Kubicki
ANGLES Communications
Call/Text: 480-277-9245
ania@anglespr.com
https://www.globenewswire.com/newsroom/ti?nf=OTAxOTIxNyM2MDIxNjA2IzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/MWE0ODQyZWItZmI3NS00NjgwLTg3ZGQtMmMzYWFjNjZmMDJjLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png

Source: Global Technologies, Ltd

© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2741769


Global Technologies, Ltd. Enters into Letter of Intent to Acquire EV Space Company, GOe3, LLC

Parsippany, NJ, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink:GTLL), a company with operations in the acquisition and redevelopment of distressed properties, is pleased to announce that the Company will expand its operations by entering into the EV space through its execution of a non-binding Letter of Intent (“LOI”) to acquire GOe3, LLC (“GOe3”).

The LOI sets forth the proposed terms and conditions pursuant to which the Company and GOe3 intend to effect a business combination, as a result of which GOe3 will conduct business as a wholly-owned subsidiary of the Company (“Proposed Transaction”). The Company anticipates that the Proposed Transaction will be structured as a share-for-share exchange, with the Company’s shareholders retaining 30% and GOe3 receiving 70% of the combined Company. The Company will designate a new preferred stock to issue to the GOe3 members in exchange for the membership units. At Closing, Bruce Brimacombe will be named the Company’s President and appointed to the Company’s Board of Directors. Promptly following the closing, the Company will adopt a plan to apply for an uplist to a national exchange or the NASDAQ.

“This is an exciting and important time at the Company,” stated Fredrick Cutcher, Chief Executive Officer of Global Technologies. ”With an expected infusion of capital with the Proposed Transaction, Global Technologies should be well positioned to accelerate its new revenue opportunities in the EV space.”

The Proposed Transaction has been approved by the Board of Directors of the Company and the Managing Members of GOe3 and is expected to close in the first quarter of CY 2024. The Transaction will be considered a “reverse merger” because the members of GOe3 will own more than a majority of the outstanding common stock of the Company following completion of the Proposed Transaction.

About GOe3, LLC

GOe3, LLC (“GOe3”) began operations on February 12, 2000. GOe3 intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion.

The GoE3 Platform includes:
? GOe3’s Unique, Universal 50+ kW Combination Level 2/3 E³EV Charging Station
? GOe3 Integrated Solar Deployment
? GOe3 Travel Phone App and Integrated Business/Consumer Portals

Highlights:
? Multiple patents pending, including networking charging stations;
? Ability to charge any EV manufactured at the fastest possible rate (CHAdeMO, SAE quick charge when available, J1772, and Tesla supported);
? Proprietary advertising/coupon portal supports geo-targeted marketing for surrounding businesses, creating exponential revenue potential; and
? Phone App/Business Portal capitalizes on industry unique features to generate revenue e.g. hotel booking commissions, coupon revenue, business services revenue, user friendly data mining, sponsorships, and more.

Additional information about the GOe3 can be found at www.goe3.com.

About Global Technologies, Ltd.:

Global Technologies, Ltd. (OTC Pink: GTLL) is a publicly traded company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties. The company seeks to capitalize on underutilized or undervalued assets, creating opportunities for growth, and delivering exceptional value to shareholders.

Contact:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
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Source: Global Technologies, Ltd

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https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2729342

all I can say is, Big Whooptee-do." Show me some revenue streams,