GlobeTrac, Inc. (OTCQB: GBTR) Enters Into a Technology License Agreement with an Option to Purchase
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 03/13/12 — GlobeTrac Inc. ("GlobeTrac") (OTCQB: GBTR) – On March 12, 2012, GlobeTrac entered into a Technology License Agreement with Option to Purchase with Teak Shield Corp., doing business as Shield Products (the "Agreement") for the purchase price of 5 million shares of its common stock, a 5% royalty for sales of its licensed products, and payment of $250,000 for an option to purchase 100% of Teak Shield-s ownership and in