Globaltech Holdings, Inc. Launches Aggressive Acquisition Campaign
29 May 2013 - 3:37AM
Marketwired
Globaltech Holdings, Inc. (OTC Pink: GLBH) is pleased to announce
their aggressive acquisition campaign for 2013.
Currently, Globaltech Holdings has identified five key
acquisition candidates in the insurance sector. The acquisition
candidates have combined annual revenue of $750,000. All revenue is
typically recurring with steady year over year increases. The
insurance agencies are located in the densely populated Florida
markets of Jacksonville, Ft. Lauderdale and Miami.
In addition to acquiring high growth insurance agencies,
Globaltech is seeking to purchase technologies that will streamline
their growing operations.
Ormand Hunter, CEO of Globaltech Holdings, Inc., states, "We
anticipate 2013 to be a strong year for our company. Our current
progress of completing key acquisitions fits with the mission
statement of GLBH, 'revenue generation thru acquisition of ongoing
companies, established client bases and strong residual revenue
growth.' We will continue to follow through with our mission
statement and capture market share."
About Globaltech Holdings, Inc.
Globaltech Holdings, Inc. (GLBH) is a progressive insurance
brokerage firm that provides turnkey solutions to protect their
clients' financial interests. The Company's comprehensive approach
includes personal and business insurance programs from personal
auto, home, health, life, as well as commercial auto, general
liability, workers compensation and group/life to meet all of their
client's insurance needs.
Globaltech Holdings, Inc. remains focused on continued expansion
through acquisitions of insurance agencies in the Southeast section
of the United States.
For more information on Globaltech Holdings, Inc. please visit
http://glbholdings.com/ or contact Investor Relations at (973)
351-3868.
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(973) 351-3868 STEPHTAYL9@AOL.COM www.TheStockAlerts.com
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