OXFORD, CT -- (Marketwired) -- 07/09/13 -- Go Green Global Technologies Corp. (OTC Pink: GOGR), an innovative U. S. water and fuel technology licensing, marketing and development company, today announced that it has acquired intellectual property assets from Water Treatment Systems., LLC for the Sonical product line. Patents now owned by the Company include United States Patent numbers 5,702,600, 6,146,526, and 6,506,299, titled Variable Resonance Descaling Decalcifier Device Connected to a Forced Sequential Rephasing Transformer, and Provisional Patent Application number 6,1818,013, titled Cracking Procedure Provided with an Electronic Apparatus and Fuel Modification Complex. The assignment has been filed and recorded by the United States Patent and Trademark Office.
"This IP acquisition is a major development for our company," said John D'Alessandro, CEO of Go Green. "In addition to the patent acquisition, we have continued working on the marketing, development, compliance, and certifications for all our products. We are pleased at the progress we are making on all fronts."
"We are significantly better positioned today then we were a year ago," said Geoff Grzywinski, President and COO of Go Green. "Ownership and development of IP is a cornerstone of our business strategy, and will better enable us to generate revenue streams, raise investment capital, qualify for debt financing, pursue technology licensing opportunities, and exploit commercial opportunities domestically and internationally."
The Company is also pleased to announce that Mark A. Del Priore has assumed the role of Financial Controller, effective June 10, 2013. Mr. Del Priore was elected to the Board of Directors on May 8, 2013, and will now oversee the company's accounting, internal controls, and financial reporting.
About Go Green Global Technologies Corp.
Go Green Global Technologies Corp. (OTC Pink: GOGR) is a U.S. water and fuel technology licensing, marketing and development company. Through its wholly owned subsidiary, Go Green Technologies Corp., it provides solutions worldwide utilizing the proprietary patented Sonical process 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 includes three United States patents. Since inception, the company has focused on innovative technologies that lead to a cleaner and more efficient planet.
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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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