Global Earth Energy Inc. Announces Partnership With Hawk Manufacturing, Inc.
August 28 2013 - 9:15AM
Global Earth Energy, Inc. (OTCQB:GLER), a development stage company
operating in the oil and gas sector, announces a partnership with
Hawk Manufacturing, Inc. whereby each company will take a
respective 20% stake in the other.
President of Global Earth Energy, Inc., Mr. Sydney A. Harland,
states, "GLER and HAWK Manufacturing have completed a stock swap of
20% in each company, giving one another ownership in each
respective corporation."
The value of the transaction is nearly $5,000,000.00 between the
two firms. GLER is receiving $4,300,000.00 worth of stock from
Hawk.
Hawk Manufacturing, Inc. is acquiring companies that manufacture
complementary products. When combined, these acquisitions would
allow for the sharing of resources and provide customer
diversification opportunities. Hawk Manufacturing intends to
keep manufacturing U.S.-based, preserving and expanding well-paying
U.S. jobs, building a 21st century, world class manufacturing
company in the U.S. with a core U.S. manufacturing base.
Mr. John M. Ragsdale, CEO, Hawk Manufacturing, states, "We at
Hawk Manufacturing are excited to be partnered with GLER, and we
strongly believe in American manufacturing. We feel we can work
with our client companies to provide quality products and
profitable prices from an American manufacturing base."
GLER will provide Hawk with easier access to capital, while Hawk
Manufacturing will provide GLER with resources to pursue other
ventures beneficial to GLER shareholders.
Hawk Manufacturing is a privately held corporation acquiring
operating businesses in the plastics and metals manufacturing
industries. The objective of Hawk is to combine metals and
plastics fabrication businesses under a single operating company in
order to achieve the following:
- Expand current operations through strategic capital and other
resource infusions
- Diversify current operations by leveraging acquisition customer
codes and relationships
- Leverage customer relationships with companies like Delta
Airlines, US Airways, John Deere and over 500 others to generate
additional business
- Increase geographic coverage by launching satellite
operations
- Leverage synergies across all operations through purchasing
economies of scale, consolidation of support operations, and other
resource sharing
For more information about Global Earth Energy please contact
Rich Kaiser, YES INTERNATIONAL Consultants, 757-306-6090.
For more information about Hawk Manufacturing, please contact
John M. Ragsdale, CEO, Hawk Manufacturing at 515-230-8076.
This news release contains forward-looking statements which
involve known and unknown risks, delays, and uncertainties not
under the Company's control which may cause actual results,
performance or achievements of the Company to be materially
different from the results, performance or expectations implied by
these forward-looking statements.
CONTACT: Rich Kaiser
757-306-6090