Global Technologies Ltd. Marks an Exciting Milestone with the Completion of Its First Property Acquisition

Rhea-AI Summary

Global Technologies Ltd. completes the acquisition of a 250,000 square foot industrial facility in Georgia, opening doors to new possibilities in the commercial real estate market. The company aims to optimize its potential and expand shareholder value.

Positive

• Global Technologies Ltd. successfully acquires a prime commercial and industrial space, signaling new opportunities in the real estate market.
• The strategic purchase of the property in Georgia opens doors to endless possibilities for Global Technologies.
• The acquisition of the industrial facility positions Global Technologies to create real value and expand shareholder value.

Negative

• None.

Parsippany, NJ, July 31, 2023 (GLOBE NEWSWIRE) -- Global Technologies Ltd. (OTC Pink: GTLL), a publicly traded holding company with operations in the acquisition and redevelopment of distressed properties, announces the successful completion of the acquisition of a 250,000 square foot industrial facility, located within a 25-acre property in Georgia.

CEO Fredrick Cutcher expresses his excitement, “We are thrilled to announce the acquisition of our Georgia property, which symbolizes the dawn of a new era for Global Technologies. This strategic purchase opens doors to endless possibilities in the commercial real estate market and beyond, propelling us towards creating real value.”

Having acquired this prime commercial and industrial space, previously utilized as a manufacturing plant, Global Technologies is now poised to explore the property’s highest and best use. With innovation at the heart of our endeavors, we are committed to meticulously identifying revenue streams that will optimize its true potential, ultimately expanding shareholder value.

For additional information regarding the transaction, please refer to the Company’s Current Report on Form 8-K, available at:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000932021/000149315223021780/form8-k.htm.

About Global Technologies Ltd.:

Global Technologies Ltd. (OTC Pink: GTLL) is a publicly traded holding company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties. The company seeks to capitalize on underutilized or undervalued assets, creating opportunities for growth, and delivering exceptional value to shareholders.

Contact:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info

FAQ

What did Global Technologies announce?

Global Technologies announced the successful completion of the acquisition of a 250,000 square foot industrial facility in Georgia.

What is the potential of the acquired property?

The acquired property presents new opportunities in the commercial real estate market and beyond, allowing Global Technologies to explore its highest and best use.

How does Global Technologies plan to expand shareholder value?

Global Technologies aims to meticulously identify revenue streams that will optimize the potential of the acquired property, ultimately expanding shareholder value.

Where can I find more information about the transaction?

Additional information about the transaction can be found in the Company's Current Report on Form 8-K, available at the SEC's website.