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GTGP

448 Posts
Pagina: «« 1 ... 14 15 16 17 18 ... 23 »» | Laatste | Omlaag ↓
  7. [verwijderd] 30 november 2012 15:29
    MSE sale terminated
    mtstandard.com/news/local/mse-sale-te...

    The sale of Butte’s MSE Technology Applications, Inc. to a Florida-based technology holdings group is off, according to a joint announcement from both companies Thursday.

    Global Technology Holdings, Inc. and the Montana Economic Revitalization and Development Institute – current owners of MSE – have mutually parted ways after it initially appeared they had a deal in place last month.

    Sides announced a purchase agreement on Oct. 5 where Global Technology Holdings would assume operation of MSE and all subsidiaries effective Oct. 25. Specific terms were never disclosed.

    But MERDI President Jim Kambich told The Montana Standard Thursday they have since mutually decided to terminate the agreements and discontinue the acquisition.

    “While MERDI and MSE are obviously disappointed that we will not be proceeding with the Global deal, we understand that Global was within their contractual rights to terminate the agreements as contemplated,” Kambich said in the release.

    Kambich declined further comment on the direction of the company. MSE continues to operate with Tom Burkhart as chief operations officer and Helen Joyce as operations manager.

    Global Technology Holdings, which works to acquire exclusive licenses and distribution contracts for products in the environmental and defense fields, reached a verbal agreement with MERDI to buy MSE in July.

    MSE is a longtime Butte engineering company, which currently employs 60 people – including 40 full-time employees and 20 part-time employees, down from 175 employees in 2008.

    Jim Fallacaro, president of Global Technologies, planned to relocate his companies and holdings to Butte. He previously told the Standard he hoped to hire or rehire 30 to 40 employees within the first three months after completing the sale, and instill a renewed sense of job security.

    Instead, Fallacaro said in the release that there were “just too many hurdles that arose during due diligence that could not be overcome.”

    “We are extremely disappointed this deal did not work out,” Fallacaro said. “Both sides were working very hard to complete this deal.”

    Fallacaro also declined further comment when contacted Thursday.

    The sale of MSE to Global was supposed to be finalized in September, but delayed after the Securities and Exchange Commission suspended trading of Fallacaro’s Global Technologies Group for 10 days. Global Technologies Group is a different company from Global Technology Holdings, though Fallacaro is the president of both.

    At that time, Fallacaro issued a letter to shareholders taking responsibility for the suspension. He explained the SEC sought “financial information needed … to comply with the reporting company regulations, stemming from errors made in 2007 and to the present 10Q.” The company has since returned to trading.

    Kambich previously told the Standard the suspension was not a factor in trying to finish the deal.

    — Reporter George Plaven may be reached at 496-5597, or via email at george.plaven@lee.net. Follow him at Twitter.com/@George_Plaven.
  13. [verwijderd] 12 december 2012 18:25
    Global Technologies Group, Inc. Results of Last Meeting at Oak Ridge National Laboratory
    media.marketwire.com/attachments/2011...
    SARASOTA, FL -- (Marketwire) -- 12/12/12 -- Global Technologies Group, Inc. (PINKSHEETS: GTGP) reports results of the last meeting held at Oak Ridge National Laboratory (ORNL) on September 12, which discussed the MBS technology for use at the Y12 complex. Present at the meeting were James Fallacaro, Global Technologies Group, Inc., Martin Matushek, M2 Polymer and J. Bickford, MSE Technology Applications, Inc. Those attending the meeting were representatives from the US Department of Energy (DOE), 6 members of (UCOR/URS_CH2M Oak Ridge LLC) CDM-Smith, B&W Y12 (the general contractor for the Y12 site) and Strata-G a subcontractor to UCOR. All of the major stakeholders in the Y12 Mercury soils project were present.
    The meeting covered the past case studies showing the successful use of MBS™ at numerous environmental sites for most RCRA heavy metals, including Mercury. Also covered in the presentation was data from 2004 showing the successful use of MBS in Mercury contaminated soil from the Y12 site itself. The soil samples had been provided and the report commissioned by the US DOE. The presentation also covered testing by MSE for the new combination of MBS and M2 Polymer's Waste Lock® super absorbent polymers thereby offering a simultaneous solidification and metals binding technology. The presentation concluded with studies done by MSE for Mercury and Uranium in soils using MBS as well as additional studies done by MSE for Mercury in stack gasses for power plants and cement plants using the MBS technology. The meeting was led by Martin Matushek and J. Bickford for the technical presentation and then opened up for technical discussion at the conclusion.
    The results of this meeting led to an October email to Global by UCOR for a cost estimate to handle 300 tons of the soils contaminated by Mercury at Y12. We proceeded to compile and send to them the pricing and timeline for that project. Within a few weeks after their review, we were contacted again in November and asked to do a full analysis for capital costs for a waste processing system to be installed at the CERCLA landfill adjacent to Y12 and a price per ton for treatment using MBS for 100 tons per day for a period of five years. Martin Matushek, J. Bickford and James Fallacaro worked on that cost analysis and sent UCOR the total capital cost estimates and waste processing cost estimates (per ton) for that project. We are currently awaiting the decision of B&W Y12, the prime contractor, for the use of the MBS technology for the projects.
    Global Technologies Group, Inc. (GLOBAL) is a company that is in the business of acquiring exclusive licenses and distribution and reseller contracts on proven technologies in the environmental, green and war fighter industries. The criteria for the licensing or distribution agreements of the technologies are: they must be proven, validated and in use. The business plan of Global is to sublicense the technologies it acquires to companies in Countries covered under the original license grants and for its own use. For our exclusive distribution and reseller agreements, we partner with appropriate representatives in the covered countries for resale of turn key projects. Solucorp Industries is the patent holder and licensor of the MBS technologies.
    Contact:
    James Fallacaro
    Email Contact
    941-685-1616

    Source: Marketwire (December 12, 2012 - 12:15 PM EST)

    News by QuoteMedia
  19. [verwijderd] 12 december 2012 20:37
    Onnozelaar, ik heb GTGP hier aangekondigd toen ze rond de 15 cent stonden en GTGP is daarna naar $1.29 gegaan! Op dat moment kon niemand voorzien dat er een schorsing zou komen, noch dat de latere MSE Deal niet doorging, dus als gewoonlijk haal je weer alles door elkaar hé ForexGump... zzz
448 Posts
Pagina: «« 1 ... 14 15 16 17 18 ... 23 »» | Laatste |Omhoog ↑

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