SARASOTA, FL -- (Marketwire) -- 01/09/12 -- Global Technologies Group, Inc. (PINKSHEETS: GTGP) (Global) announces that we are in the final stages of review and our technology sub-contractor MSE is now arranging for a complete walk through of the plant in conjunction with the plant's engineers for pressure measurements, flow systems and insertion point of MBS. We have determined all the measures and needs for retrofitting the plant in order to meet their goals as well as Global's goal of negotiating a contract for that project. Previous testing of MBS™ for the Mercury contaminated carbon from that plant after treating with MBS has been reduced to zero. Once the review of the retrofit is approved, we are confident we will be able to come to financial terms with the plant for this contract. Global is positive that we have the best technology (MBS) and with our joint venture partners have the expertise to fulfill this important milestone and the first of many cement plants that we believe will be the benchmark for the cement industry and enter into similar contracts as well.

Global has now received the NOBO/OBO lists of all shareholders as well as the shareholders list from its transfer agent Pacific Stock Transfer for the effective date of December 24, 2011. We have requested and received an additional NOBO/OBO and transfer agent report for Friday the 30th of December to make sure those shareholders that purchased by close of business on the 23rd will be counted for the share distribution in the event the NOBO list does not show the holders who have purchased by the 23rd. We now have the Transfer agent preparing the mailings and the appropriate forms for share distribution. For each share of Global held as of the record date, shareholders will receive one share of Global Technology Holdings, Inc., a company that was formed specifically for the purpose of acquisitions.

James Fallacaro
President