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GTLL

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Stock Analysis

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Financial & Transaction Holdings

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Latest Financial News for GTLL


Global Technologies, Ltd Provides Overview of Operations
Posted on Friday February 19, 2021

Company Strengthens Balance Sheet ST. PETERSBURG, FL, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Global Technologies, Ltd (OTC Pink: GTLL), a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick and mortar retail outlets and logistics is pleased to provide shareholders an overview of its current operations. The Company’s current operations are centered around its two wholly owned subsidiaries, Markets on Main, LLC and HMNRTH, LLC. Markets on Main (“MOM”) provides services to its clients inclusive of: inventory management, brand management, fulfillment and drop-ship capabilities, retail distribution and customer service. In September of 2020, the Company announced that MOM was approved as a product and dropship vendor for one of the largest live home shopping networks in the country. The approval allows MOM to begin facilitating the fulfillment of packaging and shipping of certain products sold on live airings and through third party websites. In November of 2020, MOM entered into a non-exclusive Platform License Agreement with Honey Badger Media, whereby Honey Badger was granted access to utilize the Platform, fulfillment opportunities and MOM’s related technologies. HMNRTH, LLC operates as an online store selling a variety of hemp and CBD related products. The Company’s business model is to bridge the gap between the lifestyle and knowledge components within the cannabis industry. The Company’s goal is to educate every consumer while cultivating an experience by providing quality products, branded cutting-edge content, and diversified product lines for any purpose. Most importantly, we want our clients to discover their inner HMN, redefine their inner HMN and Empower their inner HMN. The Company is in the process of developing two new CBD formulas to bring new product to its ecommerce site. The Company maintains a twenty five percent ownership in Global Clean Solutions, LLC (“Global Clean”). Global Clean was founded as a special purpose entity in the Personal Protective Equipment Industry during the initial stages of the pandemic in 2020. The Company began realizing income from its investment in Global Clean during Q4 2020 (the Company’s Q2 2021) The Company is in the preliminary stages of reviewing additional business combinations and acquisitions. As the discussions progress, the Company will keep shareholders informed. Balance Sheet Over the past 60 days, the Company has worked to strength its balance sheet by reducing its accounts payable by $500,000, reducing the outstanding principal due on a note payable to a third party by over $400,000 and retiring another note payable in the amount of $20,000. Neither the note reduction nor the note retirement required any issuance of common stock, thus no dilution involved. About Global Technologies, Ltd: Global Technologies, Ltd, based in St. Petersburg, FL, is a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick and mortar retail outlets and logistics. For further information, please visit the Company’s website at https://globaltechnologiesltd.info/. Forward Looking Statements and Disclaimer Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations. Contact: Global Technologies, Ltd (727) 482-1505 info@globaltechnologiesltd.info


Global Technologies, Ltd Files Complaint to Return Over 3.4 Billion Shares of Common Stock to Treasury
Posted on Friday February 12, 2021

Company’s Revised Website Goes Live at 5:00 pm EST ST. PETERSBURG, FL, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Global Technologies, Ltd (OTC Pink: GTLL), a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick and mortar retail outlets and logistics is pleased to inform shareholders that the Company has filed a Complaint against certain shareholders to return over 3.4 Billion shares of the Company’s common stock to treasury. On February 9, 2021, Global Technologies, Ltd filed a Complaint for Declaratory Judgment in the Circuit Court of the Eleventh Judicial Circuit in and for Miami-Dade County, Florida. The Complaint cites errors and improper inclusions of transfers that are void for fraud or want of consideration. Plaintiff is not seeking monetary relief in this action, but rather a declaratory decree establishing that the transactions with the named Defendants are void, erroneous or cancellable. The return of the shares of common stock to treasury will reduce the Company’s shares outstanding to approximately 11.6 Billion. The Company is taking additional steps to further reduce the number of shares of common stock outstanding. The Company’s revamped corporate website is to go live today at approximately 5:00 pm EST. Additional user-friendly features will be added over the coming weeks. The Company will provide shareholders with a full corporate update the week of February 15th providing an overview of the Company’s current operations, capital structure and potential business combinations. About Global Technologies, Ltd: Global Technologies, Ltd, based in St. Petersburg, FL, is a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick and mortar retail outlets and logistics. For further information, please visit the Company’s website at https://globaltechnologiesltd.info/. Forward Looking Statements and Disclaimer Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations. Contact: Global Technologies, Ltd (727) 482-1505 info@globaltechnologiesltd.info


Global Technologies, Ltd Files Annual Report for the Year Ended June 30, 2020
Posted on Tuesday December 22, 2020

Markets on Main Licenses Platform ST. PETERSBURG, FL, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Global Technologies, Ltd (OTC Pink: GTLL), a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, distribution and logistics is pleased to announce that the Company has filed its Annual Report for the year ended June 30, 2020.The Company anticipates filing its Quarterly Report for the period ended September 30, 2020 before year end. Upon filing, the Company will become current with its filing obligations with the Securities and Exchange Commission to bring the Company current.Markets on Main UpdateOn November 5, 2020, the Company, through its wholly owned subsidiary, Markets on Main, LLC (“Licensor”), entered into a Platform License Agreement (the “License Agreement”) with Honey Badger Media, LLC (the “Licensee”), a wholly owned subsidiary of Vinco Ventures, Inc. Under the terms of the License Agreement, the Company granted the Licensee a perpetual, non-exclusive license to operate the Platform, fulfillment opportunities and its related technologies. In consideration for the License, the Licensee shall pay to the Licensor a fee equal to twenty percent (20%) of the Net Profits generated from Licensee’s clients through the Platform. “The License Agreement is a milestone for our Markets on Main operating subsidiary,” stated President, Jimmy Wayne Anderson. “We look forward to working with the staff at Honey Badger as they buildout and utilize MOM’s Platform and logistics services,” Mr. Anderson concluded.The company also wishes to remind all shareholders and persons of interest that Global Technologies, Ltd will be making announcements and updates via social media. Updates can be found at our social media channel on Twitter at: https://www.twitter.com/GlobalTechGTLL.About Global Technologies, Ltd:Global Technologies, Ltd, based in St. Petersburg, FL, is a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick and mortar retail outlets and logistics. For further information, please visit the Company’s website at https://globaltechnologiesltd.info/.Forward Looking Statements and DisclaimerStatements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.Contact:Global Technologies, Ltd (727) 482-1505 info@globaltechnologiesltd.info


Global Technologies, Ltd Expands Revenue Stream Through Acquisition and Vendor Approval
Posted on Wednesday September 23, 2020

ST. PETERSBURG, FL, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Global Technologies, Ltd (OTC Pink: GTLL), a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick and mortar retail outlets and logistics is pleased to announce that the Company has taken steps to expand its revenue stream through an acquisition and vendor approval. On September 3, 2020, the Company entered into a Commitment to be Bound by the Amended Operating Agreement to Effect Transfer of Membership Interest in order to facilitate the transfer of 25 Membership Units (the “Units”) issued by Global Clean Solutions, LLC (“Global”) and held in the name of Graphene Holdings, LLC (“Graphene”) to the Company. In exchange for the transfer of the Units to the Company, the Company issued to Graphene a Convertible Promissory Note (the “Note”) in the amount of $250,000. The Note has a term of 6 months, is due on March 3, 2021 and accrues interest at 3% per annum. Upon Closing, the Company holds a twenty-five percent interest in Global.Global is a purpose-built entity with a focus on supplying and facilitating the sale of Personal Protective Equipment (“PPE”). In addition to the sale of masks, gowns and gloves, Global recently released its two proprietary hand sanitizer brands: (1) Purple Mountain Clean, and (2) Blue Sky Pure.In addition, the Company’s wholly owned subsidiary, Markets on Main, LLC (“MOM”), was recently approved as a product and dropship vendor for one of the largest live home shopping networks in the country. The approval will allow MOM to begin facilitating the fulfillment of packaging and shipping of certain products sold on live airings and through third party websites.The company also wishes to remind all shareholders and persons of interest that Global Technologies, Ltd will be making announcements and updates via social media. Updates can be found at our social media channel on Twitter at: https://www.twitter.com/GlobalTechGTLL.About Global Technologies, Ltd:Global Technologies, Ltd, based in St. Petersburg, FL, is a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick and mortar retail outlets and logistics. For further information, please visit the Company’s website at https://globaltechnologiesltd.info/.Forward Looking Statements and DisclaimerStatements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.Contact:Global Technologies, Ltd (727) 482-1505 info@globaltechnologiesltd.info


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