MONTREAL,
Sept. 16, 2013 /PRNewswire/ - Global
Biotech Corp. (OTCQB-GBIQ) (the "Company") is pleased to announce
that it has just sold its first license to the rights to utilize
the Purthanol process for the production of Athanol, a green-
technology ethanol fuel alternative, for the Province of
Quebec, Canada. Mr. Yvon Brin purchased the license on behalf of a
newly formed corporation, Purthanol Quebec, that now owns this
license. Further, the Company is currently in intensive talks to
sell a second license and expects to conclude this sale within a
short time-frame. A financial consideration for said sale has not
been made public. We are also launching the new website of the
company www.purthanol.com
About Global Biotech Corp
Global 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. Visit www.purthanol.com for more
information.
About Athanol
Athanol is an efficient and ecologically sound
ethanol product. As of Q2 2013, Purthanol International, whose
proprietory know-how, methodology and purchase orders for the
Purthanol process was bought by Global Biotech in September 2013, began active work on its Athanol
fuel production to fulfill purchase orders on hand.
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