Welcome to our dedicated page for Global Technologies news (Ticker: GTLL), a resource for investors and traders seeking the latest updates and insights on Global Technologies stock.
Global Technologies Ltd (GTLL) provides cutting-edge IT solutions and cloud services, driving digital transformation for businesses worldwide. This news hub offers investors and industry professionals a centralized source for official announcements and strategic developments.
Access timely updates including earnings reports, technology innovations, partnership announcements, and market expansion initiatives. Our curated collection ensures you stay informed about GTLL's progress in cloud computing, enterprise software, and corporate governance milestones.
Discover press releases detailing product launches, leadership updates, and financial disclosures. Bookmark this page for direct access to primary source materials that impact investment decisions and sector analysis.
Global Technologies (OTC Pink: GTLL) has launched a new corporate website, which provides detailed information about its subsidiaries, 10 Fold Services and GOe3. The site includes an interactive Investor section and integrated social media buttons for X (Twitter) and LinkedIn. An updated corporate presentation is available on the Investor Overview page, detailing the strategic focus and growth opportunities of the subsidiaries. New versions of the 10 Fold Services and GOe3 websites will be launched in the coming weeks. CEO Fredrick Cutcher announced continuous updates with industry information and company news in the News & Events section.
Global Technologies (OTC Pink: GTLL) announced that its subsidiary, GOe3, , has secured its initial GSA registration, positioning the company for future government schedules, grants, and tax credits. GOe3 also signed a $10 million sales agreement with tiny-home developers Freedom-2-Thrive and Eagle Log Cabins to supply 1,000 EV Level 2 bi-directional home charging stations. This partnership aims to advance sustainable living solutions and promote smarter energy consumption. GOe3's collaboration may also provide property owners and employees with potential tax credits and grants facilitated by the Department of Energy (DOE).
Global Technologies (OTC: GTLL) announced its financial results for Q1 2024, showing significant improvements and a strategic shift from real estate to technology and service sectors. The company reported $451,509 in revenue, up from $14,000 the previous year, and a gross profit of $87,310, up from $14,000. Net income increased to $2,756,900 compared to a net loss of $668,382 last year, due to increased revenue, the sale of commercial property, and a gain on derivative liability.
Shareholder deficiency improved from -$4,528,007 to -$630,878. The company's restructuring includes a focus on health and wellness through its 10 Fold Services subsidiary and EV infrastructure via GOe3. CEO Fredrick Cutcher highlighted the successful transition and strategic realignment, which positions the company for sustained growth in these sectors.
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