Financial Highlights:
- Revenue Generation: For the quarter, Global Technologies reported revenues of
- Gross Profit: The Company achieved a gross profit of
- Net Income: The Company achieved a net income of
- Shareholder Deficiency: The Company’s shareholder deficiency improved from -
Strategic Business Transition:
Global Technologies has successfully shifted its focus from its previous real estate venture to prioritizing growth in the technology and service sectors. This transition is anchored by the innovative work of its subsidiaries:
- 10 Fold Services, a strategic consulting and procurement agency, which specializes in go-to-market planning and execution for companies in the health and wellness industries. Leveraging an automation-first approach, 10 Fold Services has driven notable market introductions and partnerships, significantly impacting revenue streams.
- GOe3, which is setting a new standard in EV charging solutions by developing a universal, solar-enhanced charging network, designed to support all existing EV models and significantly reduce range anxiety for EV users across
Management Commentary:
“Our quarterly results demonstrate significant progress in Global Technologies’ strategic realignment,” said
Future Outlook:
Global Technologies remains committed to enhancing its technological offerings and expanding its market presence in the health and wellness and EV sectors. The company anticipates continued operational improvements as it further develops its subsidiaries’ capabilities and explores new strategic opportunities.
The Company’s Quarterly Report for the period ended
About
Forward Looking Statements:
Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.
Contact:
(973) 233-5151
info@globaltechnologiesltd.info
GOe3, LLC Media Contact:
480-277-9245.
Source:
2024 GlobeNewswire, Inc., source