Global Technologies Group, Inc. Grants Exclusive Sublicense Valued at $1.525 Million

Global Technologies Group, Inc. Grants Exclusive Sublicense Valued at $1.525
Million

SARASOTA, Fla., Oct. 8 /PRNewswire-FirstCall/ -- Global Technologies Group,
Inc., (Pink Sheets: GTGP) has granted an exclusive sublicense for Brownfields
and redevelopment properties which utilize the patented MBS technology valued
at one million five hundred twenty five thousand dollars ($1,525,000) The
sublicense was executed by Global October 07, 2009. The company intends to
file a form 8k on October 09, 2009 disclosing the entire license agreement.

The exclusive sublicense is for the country of Canada. The license enables the
use of the MBS technology for Brownfields and redevelopment sites. MBS
(Molecular Bonding System) renders metal-contaminated soil inert and has
passed the United States EPA Multiple Extraction Procedure (MEP) 1,000 year
test, showing that the technology permanently stops heavy metals, such as
lead, arsenic and cadmium, from leaching into the environment, including
rivers, marshes and streams. This system is especially suited for on-site
remediation, eliminating the traditionally more expensive transportation of
contaminated soils to off-site locations. MBS has been applied to major
projects both in the U.S. and abroad, including the Ocean State Steel property
in East Providence, Rhode Island which received the "Brownfield's Project of
the Year" Award from the Environmental Business Council of New England and the
Syndial site in Ravenna, Italy.

"As a result of multiple negotiations for exclusive sublicensing rights with
several entities for territories and pricing, this agreement continues to meet
our business plan of not only acquiring exclusive licenses for Global's use
but also the sublicensing of the licenses to other companies in portions of
the geographic regions which are covered under our exclusive licenses. To
date, the total value of the sub licenses issued is 2,775 million dollars,"
said James Fallacaro, President.

The MBS technology is a product of U.S patents developed, filed and issued to
Solucorp Industries, US Patent numbers 5,898,093 and 5,877,393. Global has an
exclusive license from Solucorp for North, Central, South America, Canada and
Russia for Brownfield and Redevelopment properties which was purchased by and
issued to Global on October 20, 2008.

WWW.GLBTECH.COM

About Global Technologies Group, Inc:

Global Technologies Group, Inc. is a company that is in the business of
acquiring exclusive licenses on proven new technologies in the environmental
and green industries. The criteria for the licensing of the technologies are
they must be proven, in use and have an underlying valid patent. The business
plan of Global is to utilize the licenses for its own use and to also
sublicense the technologies it acquires to companies in geographic regions
covered under the original license grant.

The foregoing discussion contains forward-looking statements, which are based
on current expectations. Actual results, including the outcome of
demonstration results, timing and amount of revenues recognized, contracts
awarded and performed and net income may differ due to such factors as: delays
in payment on contracts due to dealings with governmental and foreign
entities; fluctuations in operating costs associated with changes in project
specifications; economic and other conditions affecting the ability of
prospective clients to finance projects; and other risks generally affecting
the financing of projects. Investors are cautioned to perform a proper due
diligence and consult-licensed professionals prior to making an investment
decision.

SOURCE Global Technologies Group, Inc.

James Fallacaro of Global Technologies Group, Inc., +1-941-685-1616, or fax,
+1-941-847-0909, JIMF@GLBTECH.COM