Global Technologies, Ltd.'s Real-Time Social Media Technology to Benefit from Android's Market Dominance
LONDON, April 7, 2011 /PRNewswire/ -- Global Technologies, Ltd. (Pinksheets:GTLL) announced today its support for Android and positions the company well for worldwide distribution and market share as Android now commands 33% of the mobile device market. Android's market dominance underscores the Company's target platform choices as correct and the Company believes this ensures significant user and market penetration by the company's technologies.
The Company's other target platform is Apple and all Apple mobile devices such as iPad, iPhone and iTouch.
The combined market penetration of the Company's targeted platforms represent 58% of all mobile devices worldwide. The Company believes its platform support strategy ensures widespread and rapid adoption of its social media crowd-sourcing applications and technology.
Android's and Apple's market share numbers were taken from a recent comScore report.
The Company believes its designs for real time proximity based crowd-sourcing content represents the next evolution of person-to-person awareness in real-time.
About Global Technologies
Global Technologies, Ltd. (GTL) 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.
SAFE HARBOR
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.
SOURCE Global Technologies, Ltd.
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