Global Biotech Corp. (OTCPK:GBIQ) signed an agreement in principal to acquire the assets of Purthanol Ltd. in stock on September 3, 2013. Louis Greco resigned as a Director and the President of Global Biotech Corp while Louis Pharand currently the President of Purthanol Ltd. is appointed as President and Director of Global Biotech Corp.

A finalized agreement to be signed within the following 2 weeks.