The Company had been primarily engaged in the lottery industry for approximately 10 years and was one of the largest providers in the world of vending machines for the sale of instant-winner lottery tickets. In 2000, the Company began the process of selling its lottery business in order to acquire the cash necessary to transition the Company into other business activities that could provide more diversified and larger market opportunities. On June 1, 2001, the Company completed the sale of its lottery business to Interlott Technologies, Inc. Under the agreement with Interlott, the Company sold all of the assets used in its existing lottery business, relating to the manufacture, sale, lease and service of instant lottery ticket vending machines.
On August 8, 2003, the company announced that it has completed a merger with McDigit, Inc. (“McDigit”), which was approved by its shareholders on July 28, 2003. McDigit, through it's manufacturing and its acquisition of the long-range video, audio, and data transmission system technology and related brands from Sequent Technologies, Inc., is positioning itself to become a leading provider of Homeland Security technology. McDigit will provide Global with immediate revenue from proven on-going business as well as exciting new products that can accelerate the Company's launch into a large and expanding market.