Business
Global Profits Technologies, Inc (GLPT.PK) Approves and Executes Definitive Terms of Acquisition of 4X-MM and Global Profit Systems to Be Wholly Owned Subsidiaries of GLPT.PK
Global Profits Technologies, Inc (GLPT.PK) Approves and Executes Definitive Terms of Acquisition of 4X-MM and Global Profit Systems to Be Wholly Owned Subsidiaries of GLPT.PK.
About this update from Global Profit Technologies, Inc.
[{"type":"text","content":"Global Profits Technologies, Inc., (\"the Company\") or (\"GLPT.PK \") formerly Fantastic Fun, Inc, Florida (FTFN.PK), with approval of the Board of Directors GLPT has entered into definitive agreements to acquire a 100% interest in certain intellectual property commonly known as The 4X Money Machine(TM), a proprietary currency trading system and its sister company Global Profit Systems, Inc. a Nevada Corporation, both under the control of Jozef Nemeth who also has controlling interest in Global Profit Technologies, Inc. in exchange for 110,000,000 shares of common stock of Global Profit Technologies, Inc. with a closing date set on or before August 5, 2008. Jozef Nemeth as a member of the Board of Directors of Global Profit Technologies, Inc., who also owns, at minimum, a controlling interest in The 4X Money Machine(TM), Global Profit Systems, Inc. NV. and Global Profit Technologies, Inc., abstained from Board deliberations and voting on both matters. Recent History of Global Profit Technologies, Inc a Florida Corporation: GLPT formerly Fantastic Fun, Inc. (FTFN.PK) was acquired, through a private transaction, where Global Profit Holdings, a Nevada corporation, domiciled in Scottsdale, AZ and solely owned and controlled by Jozef Nemeth acquired approximately 24 Million shares of FTFN, or approximately 94% of the total shares outstanding, on or about October 1, 2007. It is Mr. Nemeth's intent to establish GLPT.PK, as an E-Commerce company within the Financial Products and Services Sector and Continuing Education and Training segment of the financial community. GLPT.PK, predominantly through Proprietary Software, unique trading methodologies and revolutionary software applications, with the initial product (4X-MM), will focus on the over-the-counter foreign currency markets and foreign currency trading in those markets. It is anticipated that, as the current platform and its future iterations mature and critical mass is reached, the platform will ultimately be expanded to futures, commodities, equities and their respective derivatives' markets. Global Profit Technologies, Inc.'s (GLPT.PK) initial emphasis and primary focus is in developing, marketing and managing proprietary trading technologies with the initial emphasis on the FOREX Markets. The primary emphasis and focus is therefore to leverage Mr. Nemeth's technologies, sales...