New Energy Technology Company With Oil Recovery Enhancement Product Featured On Stocks To Buy Site

May 6, 2011 - PRLog -- New energy technology and oil production enhancement product company, Global NuTech, Inc. (Stock Symbol: BOCL, http://www.GlobalNutechInc.com) recently announced that approximately 350 million shares of the total outstanding common stock will be returned to the company treasury.

In addition, Global NuTech has launched a new strategic plan to increase corporate profits and share value growth by focusing its efforts solely on the utilization, sales and continued development of new energy technology.

See the news release at: http://www.globalnutechinc.com/Energy-Stock-News.pdf

Global Nutech’s wholly owned subsidiary, NuTech Energy, Inc. engages in operations to maximize oil production in marginal wells as well as drilling shallow wells in known production areas with a low risk of a dry well.

Regarding the Global NuTech news release, Martin Tsvetkov of the hotstocked.com web site commented on the Company’s new energy technology focus, stock gain of ~ 15%, the new all time trading volume high and the decrease in outstanding common stock of ~ 70%.

In the official corporate news release regarding the new strategic plan to increase corporate profits and share value growth Global NuTech, Inc.

President, E. G. Marchi stated,

"Upon completion of the spinoff or rescission of these joint ventures, we will have over seventy percent less common stock outstanding, thus providing a major benefit to our common shareholders.”

“The Company has already received verbal agreements from the affected JVs, and will be announcing the closure of each specific transaction shortly as it occurs.”

“We believe that our new, narrower focus in the Technology and Energy sectors will create greater margins and accelerated revenue opportunities for Global NuTech and its shareholders."

About Global Nutech, Inc.

Global Nutech’s wholly owned subsidiary, NuTech Energy, Inc. engages in operations to maximize oil production in marginal wells as well as drilling shallow wells in known production areas with a low risk of a dry well.

The Company also provides marketing and distribution for a variety of commercial and consumer products including:

* The Agrigenic Food Company's Biotec Foods® (http://www.biotecfoods.com)

* Biomed Foods® (http://www.biomedfoods.com) and

* Biovet International® (http://www.biovet.net) lines of dietary and nutritional supplements.

For More Information Visit:

http://www.GlobalNutechInc.com

And

http://GlobalNutechInc.com/Energy-Stock-News.pdf


Notice: This New Energy Technology Stock presentation and news is for New Energy Technology Stock related information purposes only. No part of this New Energy Technology Stock information is to be considered a solicitation or an offer to buy or sell securities. No New Energy Technology Stock investment advice of any kind is to be inferred from this site.

Regarding Forward-Looking Statements: This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements may include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with development stage exploration companies.

These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.