OTTAWA,
Dec. 17, 2013 /PRNewswire/ - Global
Biotech Corp. (Aka-Purthanol Resources Ltd.) (OTCQB-GBIQ-the
"Company") is pleased to announce the acquisition of Biocardel
Quebec in a stock and cash transaction valued at $5 million Cad. Biocardel is a bio-fuel producer
with its initial sales expected in Q1 of 2014. Mr. Rene Delarue, president of Biocardel, expressed
his satisfaction with the merging of his company and
Global/Purthanol, a corporation already invested in the alternative
fuel sector and the symbiotic value this will bring to both
companies. A similar sentiment was shared by Mr. Louis Pharand, President of Global/Purthanol,
regarding the acquisition. Further news, when it occurs, will be
posted on our new website www.purthanol.com
About Global Biotech Corp/Purthanol Resources
Global/Purthanol is a publicly traded company
dedicated to investigating and developing natural products. It has
recently changed its orientation to focus on green-technology fuel
production with its acquisition of the Purthanol process for the
ethanol product, Athanol, and now Biocardel. Please visit
www.purthanol.com for more information.
About Biocardel
Biocardel Quebec is a newly designed facility
capable of producing upwards of 13 million gallons of (ASTM
Certified) biodiesel and 2.6 million gallons of glycerol (BTU)
Certified) heating fuel per year. Please visit www.biocardel.ca
CAUTIONARY STATEMENT
Other than statements of historical fact,
included herein, all statements are forward-looking and involve
risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results may differ
materially from Global's expectations and filings made with the
securities regulators. The Company does not assume any obligation
to update or revise its forward-looking statements. No stock
exchange, securities commission or other regulatory authority has
approved or disapproved this information.
SOURCE Global Biotech Corp