Global Holdings, Inc. (GOHG) published 2 news releases today (see below).
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Global Holdings, Inc. Joint Venture With Aufbau Laboratories, LLC to Advance Tea Kettles; 20,000 Kettles in Production Expected to Generate $500,000 in Revenue
Marketwire “Press Releases”
FRISCO, TX — (MARKET WIRE) — 04/21/11 — Global Holdings (OTCBB: GOHG) is currently negotiating with Aufbau Laboratories, LLC , a New-York-State registered, limited liability company, to move forward with a novel, radical design for a tea kettle. According to a report produced by Packaged Facts, total sales of tea for year 2007 were $7.4 billion , an increase of 12% from 2006 with an expected gross of $15 billion by 2012. Given the radical growth of the flavored tea industry, a product which guarantees to increase efficacy and flavor by 61% is a great secondary product to the beverage market.
Global Holdings President, Terrance Tecco , stated, “This product is ideal for infomercial advertising and distribution among health conscious consumers. Our target outlets would be pharmacies, supplement stores and diet/nutrition stores in addition to TV, radio and internet sales. For our company, 20,000 kettles would be the equivalent of $500,000 in revenue.
The large heating requirements for water coupled with the inefficient design of the majority of tea kettles results in significant flavor, and thus money, losses due to wasted heat. Aufbau’s radical redesign incorporates advanced thermodynamics and fluid mechanics, simple fabrication, and standard, food-grade stainless steel. Standard testing data (available upon request) demonstrated a staggering 61% increase in efficiency on gas-heated stoves (1.5 liters), when compared to five leading competitors’ models.
Global Holdings, Inc. Tackles the $75 Million Bed Bug Infestation Problem Attacking the US Tourism Industry
Marketwire “Press Releases”
FRISCO, TX — (MARKET WIRE) — 04/21/11 — Global Holdings, Inc. (PINKSHEETS: GOHG), through its partnership with Aufbau Labs , will soon release an earth friendly solution to fight the $75 Million dollar bed bugs epidemic across the US.
Global Holding’s strategic partner, Aufbau Laboratories , can provide a proprietary solution which could net the company between $1 and $3 Million in the first year of offering services to the hospitality market. In a combination of both low and high-technologies, Aufbau’s preliminary data appears to demonstrate effective elimination of bedbug populations in a cost-effective and environmentally friendly manner. The methodology and techniques employed will also allow for hotel guests within proximity of the target room(s) to remain, with no contamination whatsoever of clothing or furniture with reactive solvents.
Terry Tecco , CEO of Global Holdings , states, “We are proud to be able to offer a GREEN solution to the bed bug problem. With pesticide resistance being partially blamed for the recent surge in bed bug reports, our products offer an effective alternative while protecting our environment.”
Bed bugs are quickly becoming a rampant problem in cities worldwide costing as much as $3000.00 to eradicate them from a one bedroom apartment. Contrary to popular belief, you are at risk whether you live in a luxury home, a boutique condo or a rundown apartment building. These pests are now being discovered in theatres, hotels, libraries and even hospitals. They hitch rides on everything from luggage to clothing and can hide virtually anywhere undetected. In the past, harmful pesticides were the solution to controlling this problem but since their recent ban Bed Bugs have been spreading at an alarming rate.