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Global Technologies, LTD (OTC:GTLL), a micro-cap company with a market value of $2.94 million and impressive revenue growth of over 600% in the last twelve months, announced Thursday that its wholly owned subsidiary, Primecare Supply, LLC, has entered into a channel partner agreement with a third-party business development firm. The agreement was executed on Wednesday.
According to a statement in the company’s SEC filing, the partnership is designed to provide business development support for Primecare. Under the terms of the agreement, the channel partner will facilitate introductions to licensed pharmaceutical suppliers and distribution partners, connect Primecare to sales agencies, and assist with managing Primecare’s relationship with its technology platform provider.
The agreement is structured on an independent contractor basis and includes provisions for confidentiality, non-circumvention, indemnification, and revenue sharing.
Global Technologies, LTD is incorporated in Delaware and its Class A Common Stock is traded on the OTC Markets “PINK” under the symbol GTLL.
This information is based on a press release statement contained in the company’s latest SEC filing.
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