OXFORD, CT-- Sep 25, 2012 - Go Green Global Technologies Corp. (PINKSHEETS: GOGR) is pleased to announce that its application to be considered a "Qualified Connecticut Business" for purposes of the Connecticut Angel Investor Tax Credit program has been approved. The Company will be certified until September 20, 2013. The list of Qualified Connecticut Businesses is available on the website www.ctangeltaxcredit.com.
Launched by State of Connecticut in 2010 and administered by Connecticut Innovations, Inc., this program allows accredited investors to take a credit against Connecticut State income tax for investments made in qualifying businesses. Investments must be at least $25,000 in order to be considered under the Program, and the income tax credit equals 25% of the cash investment.
"We are extremely pleased to have Go Green added to the list of Qualified Connecticut Businesses," said John D'Alessandro, CEO. "This is an exciting event for both existing and future shareholders."
"When we learned about Angel Investor Tax Credit Program earlier this year, we were confident that we would satisfy all of the stated criteria for a clean technology company," said Geoff Grzywinski, President and COO. "Undergoing the due diligence required has been a valuable exercise for us," adds Mr. Grzywinski. "The fact that our organizational documents, business plan, intellectual property, and financials have all withstood this rigorous review process is a very positive reflection on our organization. We expect this new development will be well-received by both our customers and the investment community here in Connecticut."
Investors interested in Go Green Global Technologies Corp. are urged to visit www.ctangeltaxcredit.com and file an Angel Investor Certification/Request for Tax Credit Reservation Form with Connecticut Innovations, Inc.
About Go Green Global Technologies Corp.
Go Green Global Technologies Corp. is a U.S. company listed on the OTCPK under the symbol GOGR. Through its wholly-owned operating subsidiary, Go Green Technologies Corp., it has exclusive global distribution rights to the Sonical™ line of proprietary patented devices developed in Italy for both water and fuel, and exclusive North American distribution rights to the Archoil® line of additives and lubricants. Since inception, the company has focused on developing and marketing innovative technologies that lead to a cleaner and more efficient planet.
You are also welcomed to visit www.gogreentechcorp.com for additional information.
Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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