Global Technologies Ltd - GTLL STOCK NEWS

Global Technologies (GTLL) has reported a significant increase in shareholder equity for the first half of its fiscal year. The company's shareholder equity grew by 29%, reaching $1,975,827 as of December 31, 2024, compared to $1,532,471 on June 30, 2024.

CEO Wyatt Flippen attributes this growth to successful strategic initiatives and operational excellence. The company states it is well-positioned to pursue new investment opportunities and foster innovation across its subsidiaries, with a focus on maintaining sustainable financial performance and increasing shareholder value throughout 2025.

Global Technologies (OTC: GTLL) has announced significant developments under new CEO H. Wyatt Flippen. The company reports consistent monthly revenue growth and improved profitability across its diversified business model. The company has outlined plans to uplist to NASDAQ within 2025.

Key subsidiary updates include 10 Fold Services, a strategic consulting firm in health and wellness, which is expected to maintain its growth trajectory. GOe3, their EV charging subsidiary, plans to launch an AI-powered software platform in Q2 2025 and is developing tiny home communities with integrated charging solutions. Revenue from charging stations and tax credits is anticipated to begin contributing significantly in Q2 2025.

Global Technologies (OTC: GTLL) has appointed H. 'Wyatt' Flippen as its new Chief Executive Officer and Board member. Flippen, who previously served as Co-Founder and CEO of a holding company, brings experience in finance, technology, and entrepreneurship. He co-founded MortgageToday.com and specializes in data analytics and consumer behavior. Flippen holds a BS in Business Administration from Longwood University and completed advanced coursework at UVA's Darden School. Former CEO Fredrick Cutcher will remain as President of 10 Fold Services and Board member.

Global Technologies (OTC: GTLL) reported its Q3 2024 financial results with significant growth in key metrics. The company's shareholder equity increased by $4,842,205 year-over-year to $1,789,020. Revenue reached $669,431, marking a 100% increase from Q3 2023. Gross profit grew by $477,542, also a 100% increase. Net income was $256,549, down from $1,224,822 in Q3 2023 due to a one-time derivative liability gain in the previous year. The company formed PrimeCare Supply for pharmaceutical sales and continues developing its CRM platform. GOe3 initiated sales and is pursuing GSA certification for clean energy contracts.

Global Technologies, (OTC: GTLL) announced its financial results for the year ended June 30, 2024, showing significant improvements across key metrics. The company reported a shareholder equity increase of $6,060,478, reaching $1,532,471. Revenue surged by 6,122% to $1,057,685, while gross profit rose by 2,730% to $481,055. Notably, the company achieved a net income of $812,081, a substantial improvement from the previous year's loss of $1,034,040.

The revenue growth was attributed to the company's subsidiary, 10 Fold Services. CEO Fredrick Cutcher expressed satisfaction with the financial results, citing the successful transition to EV and health and wellness sectors. Global Technologies remains focused on expanding its market presence in these areas and anticipates continued operational improvements and revenue growth.

Global Technologies' subsidiary, GOe3, has launched an innovative AI system designed to protect user identities while providing an authentic marketplace experience. Key features include:

1. Complete anonymity for users
2. Income generation for user data
3. AI personal assistant accessible anytime, anywhere
4. User computing enhancement through a leveling system
5. Creation of a digital user version on a decentralized blockchain

Bruce Brimacombe, CEO of GOe3, describes the system as a game-changer that empowers individuals by giving them control over their data. Fredrick Cutcher, CEO of Global Technologies, emphasizes the company's commitment to user-first technology solutions.

Global Technologies, (OTC Pink: GTLL) announced a Share Exchange Agreement to boost shareholder equity by approximately $1.8 million. The company filed for a new Series N Preferred Stock with a fixed conversion price of $0.50 per share. On June 26, 2024, the company exchanged 339 shares of Series L Preferred Stock for 1,864,500 shares of Series N, retiring all Series L shares. CEO Fredrick Cutcher highlighted ongoing efforts to increase shareholder equity, reduce debt, and move towards uplisting to NASDAQ or another national exchange. Detailed information is available on the SEC and company websites.

Global Technologies (OTC Pink: GTLL) has launched a new corporate website, which provides detailed information about its subsidiaries, 10 Fold Services and GOe3. The site includes an interactive Investor section and integrated social media buttons for X (Twitter) and LinkedIn. An updated corporate presentation is available on the Investor Overview page, detailing the strategic focus and growth opportunities of the subsidiaries. New versions of the 10 Fold Services and GOe3 websites will be launched in the coming weeks. CEO Fredrick Cutcher announced continuous updates with industry information and company news in the News & Events section.

Global Technologies (OTC Pink: GTLL) announced that its subsidiary, GOe3, , has secured its initial GSA registration, positioning the company for future government schedules, grants, and tax credits. GOe3 also signed a $10 million sales agreement with tiny-home developers Freedom-2-Thrive and Eagle Log Cabins to supply 1,000 EV Level 2 bi-directional home charging stations. This partnership aims to advance sustainable living solutions and promote smarter energy consumption. GOe3's collaboration may also provide property owners and employees with potential tax credits and grants facilitated by the Department of Energy (DOE).