Attached files

file filename
8-K - CURRENT REPORT DATED 2-10-11 - Texas Gulf Energy Incg4827.txt

                                                                    Exhibit 99.1

                                  PRESS RELEASE

      GLOBAL NUTECH, INC. SIGNS LETTER OF INTENT TO ACQUIRE TEXAS OIL WELLS

Huntington Beach, CA - Marketwire- February 10, 2011 - Global NuTech, Inc.
(OTCBB: BOCL) (www.globalnutechinc.com) announced today that the Company's
wholly owned subsidiary, NuTech Energy, Inc., has signed a non-binding letter of
intent to acquire majority interests in five producing Texas oil wells. NuTech
Energy intends this proposed transaction to be the start of a program to acquire
existing and marginal production oil wells and to use proprietary technology to
improve the production of these wells.

E. G. Marchi, President of Global NuTech, Inc., stated, "We intend to use this
unique technology to improve oil and gas production from existing wells in
Texas, Oklahoma and Louisiana. There are over 40,000 of these 'orphan' wells
available, many of which we can acquire for notes or restricted stock, thus
multiplying our revenues with this leverage."

ABOUT GLOBAL NUTECH, INC.

Global NuTech, Inc. (OTCBB: BOCL) (www.globalnutechinc.com) provides marketing
and distribution for a variety of commercial and consumer products including the
Agrigenic Food Company's Biotec Foods(R) (), Biomed Foods(R)
(www.biomedfoods.com) and Biovet International(R) (www.biovet.net) lines of
dietary and nutritional supplements. Additionally, our wholly owned subsidiary,
NuTech Energy, Inc., will engage 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.

NOTICE 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 press 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 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 cleaning fluid and
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.

Contact: E. G. Marchi (714) 373-193