OXFORD, Conn., Nov. 26, 2014 /PRNewswire/ -- Go Green Global
Technologies Corp. "Go Green", (OTC Pink: GOGR), an innovative U.S.
water and fuel technology licensing, marketing and development
company, today announces that it has signed an agreement with
Mario Pandolfo, inventor of the
Sonical™ device, to acquire all the assets of his Italian company
Sonical SRL. Included in the acquisition will be all
SonicalTM related patents, manufacturing equipment, raw
materials and Dr. Pandolfo's existing commercial activity.
"We are looking forward to having Dr. Pandolfo join the day to
day management of Go Green. While we have always worked
closely with Sonical SRL it has been a separate operation. With
this acquisition we will bring the full portfolio of Sonical™
intellectual property under the Go Green company. The existing
European focused Sonical SRL revenue stream will complement the
current revenue pipeline that Go Green is currently developing in
the Americas," said Paul Murdock,
CEO.
Mark Del Priore, CFO commented,
"This agreement is the culmination of many years of cooperation
between the companies. While Dr. Pandolfo has always been a founder
of Go Green his European business has maintained certain autonomy.
Now we will grow the company together as one entity."
Dr. Pandolfo said, "I believe that Go Green is the company to
take my technology and grow it globally. The exponential growth of
distribution is necessary when you consider the massive worldwide
potential. I look forward to working with the Go Green management
team."
The acquisition of the assets will be completed during the
1st quarter of 2015. All manufacturing of Sonical™
devices will transition from Italy
to the United States. This
transition will be completed in phases so as to not interrupt
deliveries to customers.
Investor Contact
Paul Murdock, President and COO
1-800-605-2857
About Go Green Global Technologies Corp.
Go Green Global Technologies Corp. (OTC Pink: GOGR) is a U.S.
water and fuel technology licensing, marketing, manufacturing and
development company. Through its wholly owned subsidiary, Go Green
Technologies Corp., it provides solutions worldwide utilizing the
proprietary patented Sonical™ technology for both non-chemical
water treatment and fuel combustion applications. The company is a
leader in the emerging Pulsed-Power technology sector and has a
portfolio of intellectual property that currently includes three
United States patents and
NSF/ANSI, UL, and CSA certification. Since inception, the company
has focused on developing and marketing innovative technologies
that lead to a cleaner and more efficient planet. You are invited
to visit www.gogreentechcorp.com for additional information.
Safe Harbor Statement
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan," or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements.
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SOURCE Go Green Global Technologies Corp.
