Global Technologies, Ltd. Announces Forward-Split of 31-for-30
LONDON, June 7, 2011 /PRNewswire/ -- Global Technologies, Ltd. (Pinksheets: GTLL) announced today it will effect a Forward-Split of its Common Stock with an effective date and stock pay date of 20 JUNE 2011.
All shareholders will receive 31 shares for every 30 they own at close of business 20 JUNE 2011. This represents a 3% increase in the number of shares owned. All fractional shares will be rounded up.
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-check-in 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.
Contact:
Global Technologies, Ltd.
www.GlobalTechnologiesLtd.com
Investor Relations
Phone Tel: (44) 0207 078 3972
Fax: (44) 0207 990 8465
SOURCE Global Technologies, Ltd.
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