2 hours 18 minutes ago - Marketwire

Global Technologies Group, Inc. (PINKSHEETS: GTGP) James Fallacaro, President of Global Technology Holdings, Inc. (GTHI) and Global Technologies Group, Inc., announces the acceptance and approvals of the boards of directors of MERDI, MSE Inc. and MSE Technology Applications, Inc., along with the consents of the lending institutions involved, have executed multiple contracts including the purchase contract with the Montana Economic Revitalization and Development Institute (MERDI). As a result of the approvals of all of the terms and the plan of operation outlined by Mr. Fallacaro, Global Technology Holdings Inc. will take over the operations of MSE Inc. and all subsidiaries effective October 25, 2012.