Global General Technologies, Inc (GLGT) New Director Appointment And Disclosure

MONTREAL, July 14 /PRNewswire-FirstCall/ - Global General Technologies, Inc
(GLGT) www.glgt-corporate.com the company is pleased to announce that it
intends to appoint a new officer/director to its corporate roster - Mr Michael
Arnkvarn. Michael currently serves as President/CEO of Collagenna Skin Care
Products. With GLGT, Michael will hold the title Director of Operations. His
focus will be exclusively on the Collagenna Skin Care Product lines.
Paul Sylvestre, CEO of GLGT said, "I wish to use this opportunity to address
several GLGT matters, and concerns brought to our attention by our
shareholders. GLGT management intends to operate two separate subsidiaries.
One being a Bio Tech company, (in the final stages of completion being
finalized with MonArc Corporation) and second the Collagenna Skin Care
Products headed by Mr. Michael Arnkvarn. Over the next few days we will be
updating both Pink Sheets, and our corporate web site with the new content
encompassing all the goods and services which will form, and be part of the
Global General Technologies Group.
At this point in time we are doing a lot of housekeeping and addressing
matters behind the scenes that will over the long term, benefit us and our
shareholders mutually. For example, GLGT when presented to us was a company
under duress, and required a lot of nurturing and maintenance. We accepted
that challenge. We are confident that the steps taken so far will be well
rewarded in due time, and should trickle down to all of our shareholders. Even
today, some brokerages will not allow GLGT stock to be purchased on line, and
telephone orders must be made. To remedy this, we are well under way in
securing the services of a USA based Securities lawyer to complete the
required Pink Sheets corporate governance disclosure documents. In addition a
legal opinion will accompany this disclosure. We believe that this
transparency and this accountability is the path to GLGT success.
Lastly, we have heard from our shareholders with concerns of possible future
dilutions and why our share count rose from about 300 million shares (with a
failed operating business in GLGT, and GLGT in duress) to about 940 million
shares today. The 940 million shares includes payments to MonArc Corporation
for the Bio Tech. One of the ongoing delays was MonArc Corp management and
advisors plans of making the GLGT distribution to its shareholder base.
We saw this as a WIN-WIN as it also broadens the GLGT shareholder base and
makes GLGT a stronger and a larger more vibrant company. Secondly, there is a
payment to Collagenna. There are also financing fees, and various loans
secured by this stock to enable all of the aforementioned to come to fruition.
In other words, the complete GLGT authorized share distribution is done from
the onset so that there is no surprises, to our shareholders later. Both Bio
Tech and Skin Care subsidiaries are real companies, with real assets, and real
operations. These assets needed to be paid for in order to be part of GLGT.
All of these acquisitions, financing and distributions will be outlined in the
upcoming and aforementioned disclosure documents.
While it is true that the various financing arrangements and fees and loans
secured by the company stock will eventually make their way into the market
for the most part as one can see there is virtually no room for any "secondary
offerings." For example, and what we mean by that is millions of shares being
issued to the insiders for a nominal "exercise" price, as some issuers have
done in the past. Our position is that this type of conduct is not good for
our shareholders, and we will refrain from doing this.
This is not the direction we want for GLGT to take.
I also wish to remind our followers that both operating subsidiaries have
already developed most of the product lines, and these are available for use
and sales already. Some can be bought on line for everyday consumer use. Both
companies have revenues, operations, and inventory and are open for business.
A filing on Pink Sheets with today's date offers a preview of just some of the
products of the Bio Tech division. Display of the skin care products will
follow shortly or simply visit Collagenna Skin Care Products web site at
http://collagenna-usa.com/1_5/."

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
Provision's 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.

CONTACT: www.glgt-corporate.com

SOURCE Global General Technologies, Inc

www.glgt-corporate.com