Globalgroup Investment Holdings Announces GlobalLOK™ Computer Control Software For 5,000,000 Telecommuter Employee Market

Jun 12, 2012, 09:30 ET from Globalgroup Investment Holdings

PLANO, Texas, June 12, 2012 /PRNewswire/ -- Globalgroup Investment Holdings (PINKSHEETS: GIHI), the nation's newest proprietary technology solutions provider has announced the launch of its proprietary and innovative GlobalLOK software program. The software is initially designed for applications in numerous business verticals where millions of employees and contract personnel are remotely deployed with computers or laptops that require being monitored or controlled, including corporate virtual network arrangements.

A recent survey from the U.S. Census Bureau shows that there are over 50 million U.S. employer jobs that are well-suited for telecommuting or work-at-home; but less than 3 million are actually in place. Telecommuting has grown by 60% in the last 6 years, but based on current trends; telecommuters will total nearly 5 million by 2016, a 70% increase from the current level.

"By far, the major barrier to telecommuting has been management's fear and distrust of the telecommuting employee. While there may be several reasons for the misgivings, GlobalLOK addresses the key factor of monitoring and controlling the remote employee with whom corporate assets such as laptops are deployed. GlobalLOK is an executable proprietary file solution that enables real-time deactivation and reactivation of any laptop or PC with Windows XP, Vista or Win7 OS, and can be installed by our corporate client," stated Fred Rackers, Globalgroup Investment Holdings President.

Globalgroup anticipates first year market share to reach 4% and annual revenues of $2,000,000 from GlobalLOK licenses and wholesale computer sales.

About Globalgroup Investment Holdings, Inc.

GIHI integrates proprietary technologies into mainstream business use. Solutions such as GlobalLOK address the computer control challenges in any industry where remote PCs and laptops are deployed.

Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct.

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SOURCE Globalgroup Investment Holdings