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Global Holdings, Inc. (GOHG) Announces Agreement for Funding

|Includes: Global Holdings, Inc. (GOHG)

On Wednesday, Global Holdings, Inc. announced an agreement for funding with New York based Eastern Funding for their joint venture with Solite, an Arizona-based technology enterprise.

Solite commercializes a patent-pending daylight harvesting solution. This solution efficiently captures sunlight through rooftop collection arrays. It then distributes the concentrated light inside building interiors to provide free, natural illumination.

Innovatively combined with LED lights and controls, it offers a highly efficient lighting solution throughout the day. The products do not need to convert solar lighting to electricity as solar panels do.

Lately, news on solar energy harvesting has focused on individual success with the older style of solar paneling. For example, a couple in Minnesota recently lowered their usage from 850 kwh/month to 120 kwh/month. Furthermore, a car dealership’s entire showroom from coffee makers to computers runs off solar paneling. The government helped fund their installation; they now save more than $1,000 a month on energy costs.

Chicago politicians have recently undertaken the task of “greening” government. The project is already cutting energy costs by $600,000 per year. The projection is that the project will save up to $5.7 million each year upon completion. This is while creating more than 375 jobs and requiring no taxpayer contribution.

The heavy emphasis on energy efficient lighting by the Obama administration (further underscored in an earlier press conference by President Obama when new energy standards for lighting were announced) is beginning to take hold throughout the real estate industry. Cost effective energy efficiency is the goal. Daylight harvesting is increasingly recognized as a solution by the private and public sectors.

The Obama administration has taken initiative concerning solar power. The Interior Department issued permits to nine utility-scale solar projects in the past year. This is as part of a fast-track review process aimed at using federal lands for renewable energy. In 2011, the Department has given priority status to 19 projects (10 solar, five wind and four geothermal).

The Energy Department’s loan guarantee program has offered $12 billion alone to solar generation and manufacturing projects. The EPA has declared greenhouse gas emissions a danger to public health and welfare. The EPA is finalizing stricter regulations that will force the nation’s largest polluters to reduce emissions.

Headquartered in Frisco, Texas, Global Holdings, Inc.’s objective is to acquire, partner with and promote advanced technologies. They look to do this through management coaching, effective intellectual property deployment, business networking and intelligent financial solutions. Global Holdings, Inc. is a technology incubator, which offers a specialized menu of support resources and services. Company management believes they will accomplish their goal to maximize shareholder value via strategic acquisitions and effective business design.

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