To All Shareholders:

I wanted to immediately communicate with shareholders and update them on the company's progress and outlook. This is intended to be the first of regular communications to you, our shareholders.

Corporate Governance:

As recently announced, we have made some changes to governance. The first step was to separate the Chairman and CEO roles designed to enhance the level of Board supervision of the company's executive team. Further announcements in this area can be expected.

The Board is committed to implementing -- and delivering -- first class governance across the company and at all levels. As part of that process, it was determined last week that the CEO should be terminated by the company. On July 6, 2009 I agreed to assume an executive Chairman and CEO role. A new Chairman is to be recruited and appointed, and the Board further strengthened, in the near future. My CV is attached below.

Technology / IP:

The company continues to progress very satisfactorily with its patent applications and enhancements. We believe that the applications will proceed to registration in due course and that the claims made in them are valid, substantive and adequately protected.

Patriot - 1:

Public demonstration:

During May / June, the company publicly demonstrated to prospective customers the Patriot - 1 factory development prototype tire processing system. A video of the demonstration will be made available on the company's website towards the end of July. The company believes that the demonstrations were very successful and a number of discussions are underway with companies interested in associating with Global in the final process of product development. This will involve either building / commissioning a 3 ST / Hour Patriot Unit (approximately 23,500 ST / Year in single unit configuration @ 90% operational uptime) on a fully permitted US site; and/or to build and commission a production line facility to manufacture and assemble multiple orders for the 3 ST / Hour Patriot Units for a large customer(s). The company will keep you advised as discussions progress.

Approach to market

The company is processing various inquiries from prospective US and international customers. Patriot units will be sold, wherever feasible, with accompanying territorial exclusivity related to accessible used waste tire stockpiles and ongoing long-term projected supply.