Global NuTech Announces Name Change to Texas Gulf Energy, Incorporated

HOUSTON, Feb. 2, 2012 /PRNewswire/ -- Global NuTech, Inc. (OTCQX: BOCL) announced today that the company will change its name to Texas Gulf Energy, Incorporated (www.tgnrg.com).  The name change reflects the company's expanding focus on services, exploration and production in the energy sector.  Global NuTech, Inc. recently announced the acquisition of Houston, Texas based Texas Gulf Oil & Gas, Inc. from private equity firm Corporate Strategies Merchant Bankers, which included individual oilfield producing interests, assets and options throughout the Austin Chalk and near the Eagle Ford shale play in Texas. David Mathews, CEO of Global NuTech, said, "By adding the core business of Texas Gulf Oil & Gas, Inc. with the proven model of services already provided by our flagship operation International Plant Services, LLC, we are continuing our vertical expansion throughout the energy sector. We believe our new name, Texas Gulf Energy, Incorporated, more clearly defines our future focus and the energy related businesses of the company."  

About Global NuTech, Inc.

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.