Western Exploration, Inc., a Nevada corporation, was formed on July 24, 1980.
In 1990, Western Exploration, Inc. changed its name to Nugget Exploration, Inc.
On November 10, 1999, a wholly owned subsidiary of Nugget Exploration, Inc.,
Nugget Holdings Corporation merged with and into GoHealthMD, Inc., a Delaware
corporation. Shortly thereafter, Nugget Exploration, Inc. changed its name to
GoHealthMD, Inc. a Nevada corporation.
The Company also owns NetThruster, Inc., a Nevada corporation (“NetThruster”),
which was formally known as Ludicrous, Inc. (“Ludicrous”). On January
28, 2011, the Board of Directors of Global Tech adopted resolutions approving
the disposition by the Company of all the common stock of its wholly-owned subsidiary,
NetThruster, Inc., a Delaware corporation (“NetThruster Delaware”),
in a spin-off to Global Tech’s shareholders on a pro rata basis (the “Spin-Off”).
Thereafter, NetThruster Delaware would be owned by Global Tech’s shareholders.
David Reichman, the CEO of Global Tech was named Chairman of the Board, CEO
and CFO of NetThruster Delaware. Kathy M. Griffin was named a Director and corporate
secretary. The Board of Directors of NetThruster Delaware is comprised of David
Reichman and Kathy Griffin. On February 9, 2011, Global Tech entered into a
distribution agreement with NetThruster Delaware (the “Distribution Agreement”).
The Spin-Off is governed by the Distribution Agreement. A copy of the Distribution
Agreement is attached by reference.
We were incorporated in 1980 under the laws of the State of Nevada under the
name of Western Exploration, Inc. Western Exploration, Inc., a Nevada corporation,
was formed on July 24, 1980. In 1990, Western Exploration, Inc. changed its
name to Nugget Exploration, Inc. On November 10, 1999, a wholly-owned subsidiary
of Nugget Exploration, Inc., Nugget Holdings Corporation merged with and into
GoHealthMD, Inc., a Delaware corporation. Shortly thereafter, Nugget Exploration,
Inc. changed its name to GoHealthMD, Inc. a Nevada corporation.
Global Tech’s success depends in part upon its ability to protect its
core technology and other intellectual capital. To accomplish this, Global Tech
relies on a combination of intellectual property rights, including patents,
trade secrets, copyrights, trademarks, domain registrations and contractual
protections. With the acquisition of Adesso Biosciences, Global Tech will have
acquired two patents, associated intellectual properties, and other proprietary
information in the field of molecular science.
With the acquisition of BAT, Global Tech acquired fifteen (15) intellectual
properties pertaining to the construction of the mobile configuration and operation
of the glyd-arc medical waste destruction unit, as well as an enhanced configuration
and novel method for coal gasification.
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