Global General Technologies (GLGT) Announces Third Quarter Results

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Thu Nov 12, 2009 8:55am EST

MONTREAL, Nov. 12 /PRNewswire-FirstCall/ - Global General Technologies
(GLGT:PK) (www.glgt-corporate.com is pleased to announce its financial results
for the third quarter of 2009.
For the third quarter ended September 30, 2009, the company reported revenues
of $ 121,825.00 and net income of $ 29,877.00
Due to a clerical glitch these statements should be viable on
www.pinksheets.com shortly. Alternatively, they can be viewed at the company
web site www.glgt-corporate.com/Q3
"We continue to keep our overhead low while expanding marketing efforts for
our products," said Michael Arnkvarn, Co-CEO, President of Collagenna. "As
anyone can see from the marketing deals we have booked in the last few months,
our marketing is extremely cost effective. We owe this to the outstanding
quality of our products."
GLGT is a holding company with interests in a Collagenna Skin Care cosmetics
company and ITI Bio Tech company. Our corporate goals are to be a progressive,
profitable company that is always improving results and is recognized by its
employees for providing opportunities to grow. Our targeted subsidiaries are
appreciated by its customers and suppliers for providing quality products and
services.
The company operates a fully enabled ecommerce web site http://www.nuayre.com
where many of company products are made available for sale to the general
public. Collagenna Skin Care Products http://collagenna-usa.com is presently
preparing to launch a new web site and e-commerce capability.
In other company news, the issuer is in the process of retaining a USA legal
council to resolve the State of California legal matter
http://www.corp.ca.gov/ENF/list/s/Smartwear.asp where amongst other things the
issuer is named as a relief defendant. These activities stem from previous
management escapades. The issuer is relief defendant in the aforementioned
matter. The issuer is of the opinion that a settlement or a resolution can be
reached with the State of California effecting the issuer only.
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Safe Harbor Statement

Information in this news release may contain statements about future
expectations, plans, prospects or performance of Global General Technologies,
Inc. that constitute forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform Act of 1995.
The words or phrases "can be," "expects," "may affect," "believed,"
"estimate," "project," and similar words and phrases are intended to identify
such forward-looking statements. Global General Technologies, Inc. cautions
you that any forward-looking information provided by or on behalf of Global
General Technologies, Inc. is not a guarantee of future performance. None of
the information in this press release constitutes or is intended as an offer
to sell securities or investment advice of any kind. Global General
Technologies Inc.'s actual results may differ materially from those
anticipated in such forward-looking statements as a result of various
important factors, some of which are beyond Global General Technologies Inc.'s
control. In addition to those discussed in Global General Technologies Inc.'s
press releases, public filings, and statements by Global General Technologies,
Inc.'s management, including, but not limited to, Global General Technologies,
Inc.'s estimate of the sufficiency of its existing capital resources, Global
General Technologies Inc.'s ability to raise additional capital to fund future
operations, Global General Technologies Inc.'s ability to repay its existing
indebtedness, the uncertainties involved in estimating market opportunities
and, in identifying contracts which match Global General Technologies Inc.'s
capability to be awarded contracts. All such forward-looking statements are
current only as of the date on which such statements were made. Global General
Technologies, Inc. does not undertake any obligation to publicly update any
forward-looking statement to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence of unanticipated
events.

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SOURCE  Global General Technologies, Inc

For any investor relations matters, please contact
www.minamargroup.net/helpdesk; Investor Relations Department Inquiry,
www.minamargroup.net (IR); For (M&A) and Corporate Matters,
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