0001108017-12-000071.txt : 20120409 0001108017-12-000071.hdr.sgml : 20120409 20120409081830 ACCESSION NUMBER: 0001108017-12-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120409 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120409 DATE AS OF CHANGE: 20120409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Global Technologies Group, Inc. CENTRAL INDEX KEY: 0001308841 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 201354562 STATE OF INCORPORATION: FL FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-120908 FILM NUMBER: 12748859 BUSINESS ADDRESS: STREET 1: 1304 N LAKESHORE DRIVE CITY: SARASOTA STATE: FL ZIP: 34231 BUSINESS PHONE: 941-685-1616 MAIL ADDRESS: STREET 1: 1304 N LAKESHORE DRIVE CITY: SARASOTA STATE: FL ZIP: 34231 FORMER COMPANY: FORMER CONFORMED NAME: Global Music International, Inc. DATE OF NAME CHANGE: 20041116 8-K 1 gtg8k.htm gtg8k.htm
 
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
 Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
April 9, 2012
 
Global Technologies Group, Inc.
 (Exact name of registrant as specified in its charter)

Florida
 (State or other jurisdiction of incorporation)

333-120908
 (Commission File Number)

20-1354562
 (IRS Employer Identification No.)

1304 N Lakeshore Drive, Sarasota, Florida 34231
 (Address of principal executive offices and Zip Code)
 
941-685-1616
 Registrant's telephone number, including area code
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
 
 
 
 
 
 
Item 8.01 Other Event
 
Other events
 
On April 9th 2012, Global technologies Group, Inc. releases the following press release outlining the preparation of a Memorandum of Understanding and Letter of Intent for delivery on Friday for  the potential acquisition of an unnamed company outlining terms discussed by both companies.
                       
Item 9.01 Financial Statements and Exhibits
 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
GLOBAL TECHNOLOGIES GROUP, INC.
  
       
Date: April 9, 2012
By:
/s/ James Fallacaro
  
   
James Fallacaro
  
   
Chief Executive Officer,
 President & Director
  
       
 
 
 
 

 
 EX-99.1 2 ex991.htm ex991.htm
       
Global Technologies Group


GLOBAL TECHNOLOGIES GROUP, INC. PREPARES LETTER OF INTENT FOR PROPOSED ACQUISITION

April 9th, 2012, Sarasota, Florida.  Global Technologies Group, Inc. (GTGP.PK) Global announces the preparation of both a Memo of Understanding (M.O.U.) and Letter of Intent (L.O.I.) for the proposed acquisition of the company we have discussed in previous 8ks and press releases for over a year. The results of our last discussion with the owners of the company regarding the purchase have led to an agreement by both companies that Global will now prepare the documents which specifically outline all the terms that were discussed for the acquisition (M.O.U.) and the letter of intent for the purchase and will be delivered to the company by Friday. Upon review and the execution by both companies, our lawyers will prepare a full purchase contract and set a closing date. Global Technology Holdings, Inc. will be the purchaser.

Currently, both companies have restrictive Non-Disclosure Agreements in place regarding the terms of the purchase and the name of the company to be acquired. Once the documents are signed however, we will name the company for this purchase.

“This potential acquisition is the culmination of over a year of discussions, reviews and good faith by both companies in reaching this point and has been part of Global’s long term plans for the future,” stated James Fallacaro, President.

 Global Technologies Group, Inc. (GLOBAL) is a company that is in the business of acquiring exclusive licenses and distribution and reseller contracts on proven technologies in the environmental, green and war fighter industries. The criteria for the licensing or distribution agreements of the technologies are: they must be proven, validated and in use. The business plan of Global is to sublicense the technologies it acquires to companies in Countries covered under the original license grants and for its own use. For our exclusive distribution and reseller agreements, we partner with appropriate representatives in the covered countries for resale of turn key projects.
Contact:
 
JAMES FALLACARO
 
JIMF@GLBTECH.COM
 
941-685-1616
 
WWW.GLBTECH.COM                                           
 


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