GLBH .05 news this morning! Globaltech Holdin

GLBH .05 news this morning!

Globaltech Holdings, Inc. (OTC Pink: GLBH) reported today that in light of the recently announced delay in the employer mandate for enrollment in the Affordable Care Act (ACA), it is re-focusing its marketing efforts towards high margin, traditional Life and Health insurance industry products. This decision was based on GLBH board members reviewing the actions of Washington and the announcements regarding the (ACA).

Chairman and CEO, Ormand Hunter stated, "Recent changes in the ACA have caused the company to take pause and evaluate its primary direction. We feel that the Affordable Care Act will prove to be a profitable venture for our company. It is our intention to continue to monitor the ACA and move into that market when the time is right." Mr. Hunter further stated, "Unfortunately, with the recent announcements coming out of Washington, we must adapt to government actions and capture market share in current high margin insurance sectors such as traditional life and health."