Global Strategies Group Files Registration For A Proposed Initial Public Offering Of Its Us Defense

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5th September 2009, 07:16am - Views: 657





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MEDIA RELEASE PR35985

Global Strategies Group Files Registration for a Proposed Initial Public Offering of its US Defense

Technology Business


MCLEAN, Va., Sept. 4 /PRNewswire-AsiaNet/ --


    Global Strategies Group, a leading provider of integrated security and defense technology, today announced that

its US defense technology business, Global Defense Technology & Systems, Inc. ("GLOBAL Defense

Technology"), has filed a registration statement with the Securities and Exchange Commission (SEC) for a

proposed initial public offering of its common stock.  GLOBAL Defense Technology is the newly renamed holding

company of Global Strategies Group (North America) Inc. The number of shares to be offered and the price range

for the offering have not yet been determined. The shares of common stock to be sold in this offering are proposed

to be sold by GLOBAL Defense Technology and certain stockholders. GLOBAL Defense Technology intends to

apply to have its common stock listed on The Nasdaq Global Market under the ticker symbol "GTEC."


    Cowen and Company will act as sole book-running manager of the proposed offering. Copies of the preliminary

prospectus for this offering may be obtained, when available, from Cowen and Company, 1211 Avenue of the

Americas, New York, NY 10020. 


    A registration statement on Form S-1 relating to the offering of common stock has been filed with the SEC but

has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted

before the time the registration statement becomes effective. Copies of the registration statement can be accessed


 

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any

sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior

to registration or qualification under the securities laws of any such state or jurisdiction.


    About Global Strategies Group 

    Global Strategies Group (GLOBAL) is one of the world's leading providers of integrated security and defense

technology for clients operating in high-stakes situations - when the problem is complex, when the mission is vital

and when ingenuity is key. We empower our clients to achieve their toughest goals by strengthening national

security, transforming critical environments and enabling opportunities.


    For more information, please visit www.globalgroup.com.


    About Global Defense Technology & Systems, Inc.

    Global Defense Technology & Systems, Inc. (GLOBAL Defense Technology) and its subsidiary Global Strategies

Group (North America) Inc. is a national security solutions provider with a significant technology pedigree. The

company supports defense and security initiatives across the world by leveraging its deep domain and analytical

expertise to rapidly develop and transition technologies and systems into operational solutions. GLOBAL Defense

Technology delivers technologies, software and services ranging from innovative C4ISR systems, counterterrorism

and intelligence, and force modernization and mobility systems for clients in the defense, intelligence and

homeland security communities. For more information, please visit www.globalgroup.us.com



    Media Contact:  Lauren Peduzzi

                    t: +1.703.738.2861

                    e: media@globalgroup.us.com

   

SOURCE: Global Strategies Group


    CONTACT: Lauren Peduzzi of Global Strategies Group, +1-703-738-2861, media@globalgroup.us.com

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