LONDON, May 6, 2011 /PRNewswire/ -- Global Technologies, Ltd. (Pinksheets: GTLL) announced today it will file its 1st Quarter 2011 Financials with the OTC Disclosure Service on May 10, 2011.
The Company intends to file the requisite Attorney Letter with respect to current public information shortly thereafter. Upon review by the OTC Markets staff, the Company anticipates being issued "current information" status, the highest status available, thereby improving market liquidity and investor access.
The disclosures are filed to insure all investors receive timely public information. The Company makes information available to the public via Press Releases and regular filings. The Company will not release information direct to individual investors or stockholders in order to insure fair and universal access to everyone.
The Company's filings are published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 and the OTC Disclosure Guidelines.
The company plans to complete its various audits and file with the SEC as a "reporting company" for trading.
About Global Technologies
Global Technologies, Ltd. (GTLL) is a technology portfolio company that acquires technology assets to enhance their growth and development.
GTLL is developing several social media and related technologies for the rapid creation, deployment, and distribution of social networking for both personal and business related applications. These technologies include: GPS auto-checkin locator services for personal and commercial relevance networking, rapid-build social site construction tools for vertical and custom branded market applications for both customer and employee loyalty and incentive programs, personal and enterprise application tool builder for individualized applications for social media interactions and sharing. The technology and applications are designed to create new stand-alone social media sites as well as integrate into or tie-together existing popular sites such as Facebook, eBay, Twitter, Amazon.Com, among others. The Company has branded its technology and solutions as a "Social Cloud Space" enabled by the integration, communication, and seamless access by and among multiple social platforms.
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Global Technologies, Ltd.
Phone Tel: (44) 0207 078 3972
Fax: (44) 0207 990 8465
SOURCE Global Technologies, Ltd.