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8-K - CURRENT REPORT DATED 5-3-11 - Texas Gulf Energy Incg5087.txt

                                                                    Exhibit 99.1

 GLOBAL NUTECH, INC. ANNOUNCES APPROXIMATELY 350 MILLION SHARES OF COMMON STOCK
                 TO BE RETURNED TO THE COMPANY AS TREASURY STOCK
                        IN MAJOR STRATEGIC RESTRUCTURING

HUNTINGTON BEACH, CA -- (Marketwire) - 05/03/11 -- Global NuTech, Inc. (OTCBB:
BOCL) (www.globalnutechinc.com) announced today that the Company has made a
strategic decision to focus its efforts solely on the Technology and Energy
markets, and is undergoing a major capital restructuring of various joint
ventures, entered into by its wholly owned subsidiary E-Clean Acquisitions,
Inc., that do not fit this new strategic plan. The total number of common shares
of the Company outstanding as of April 15, 2011 was approximately 515 million.
The affected JV's that are now considered non-core assets represent
approximately 350 million shares of the total outstanding common stock base.

E. G. Marchi, President of Global NuTech, Inc. 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 JV's, 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, 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) (www.biotecfoods.com), Biomed Foods(R)
(www.biomedfoods.com) and Biovet International(R) (www.biovet.net) lines of
dietary and nutritional supplements. Additionally, our wholly owned subsidiary,
NuTec Energy Corporation, will engage in operations to maximize oil production
in marginal wells as wells 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 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.

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