Texas Gulf Energy, Inc. Approved by Far Eastern National Oil Company to Provide Energy Services

HOUSTON, Feb. 21, 2012 /PRNewswire/ --  Global NuTech, Inc. (OTCBB: BOCL), DBA Texas Gulf Energy, has been approved by a Far Eastern National Oil Company to provide energy services within its government owned refinery and chemical facilities.  Texas Gulf Energy is now eligible to participate as a service provider to this government owned, national oil company, and is in active negotiation to provide services to specific areas of the country's petrochemical and refinery sectors.

Craig Crawford, Executive Vice President of Texas Gulf Energy, commented "As a result of the ongoing efforts of our strategic partner Industrial Maintenance International (www.imi-eag.com) in the Middle East, Africa and the Far East, and the continuing work of our CEO David Mathews, we are now eligible to participate in providing energy services to this far eastern energy provider.  Due to the need for confidentiality concerning our future work, we are unable to name the specific country and government entity that we have been approved by. However, as an approved vendor of energy services in this eastern country, we are now currently under active consideration  for a number of projects scheduled to commence in 2012, and will report our progress as the government  makes their final selection of companies chosen  for these projects in the petrochemical and refinery sectors."

About Global NuTech, Inc. (www.tgnrg.com) / Texas Gulf Energy
Global NuTech, Inc. (OTCBB: BOCL) Soon to be renamed Texas Gulf Energy, Incorporated, and with the recently announced acquisition of International Plant Services and Texas Gulf Oil & Gas, the Company is expanding vertically in the energy sector.  The company's growth has been previously driven by International Plant Services existing international business in management and construction services to the world's largest and best known energy companies in the refinery, chemical, mining and power industries.

About International Plant Services
International Plant Services, LLC (IPS) Since our founding in 2003, our flagship company, International Plant Services, has deployed thousands of engineering, construction, technical, skilled crafts and project management personnel to major international energy companies including Exxon Mobil, Conoco Phillips, Chevron, Valero, and others. We are particularly well known throughout the energy markets for our ability to provide construction services with professional, experienced and well trained teams to maximize the ability of our customers to complete major projects safely, on time and on budget.  Now entering our tenth year in business, we have vertically integrated our service offering into other energy market segments, including wellhead services, oil and gas production, and professional consulting services both domestically and internationally to better serve the needs of our customers.

Precautionary and Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," 'expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in BOCL's disclosures or filings with the SEC. You are further cautioned that penny stocks, like BOCL, are inherently volatile and risky and that no investor should buy this stock unless they can afford the loss of their entire investment.

SOURCE Global NuTech, Inc.