Form 8-K for GLOBAL MEDICAL PRODUCTS HOLDINGS INC
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20-Jan-2004

Other Events

Item 5. Other Events and Regulation FD Disclosure
In November 2003, Global Medical Products Holdings, Inc. (Global) began negotiations with Redwood Securities Group, Inc. (Redwood), San Francisco, California, whereby "Global" would allow "Redwood" access to its shareholder base for the purpose of becoming a publicly traded company and "Global" would provide "Redwood" access to its advisory staff for the purpose of compiling the documentation necessary for the completion of the necessary registration documents. In late December, the two companies came to agreement on terms for this to occur. (SEE EXHIBIT 10.1 TITLED STOCK ACQUISITION-DISTRIBUTION AGREEMENT
BETWEEN REDWOOD SECURITIES GROUP, INC. AND GLOBAL MEDICAL PRODUCTS HOLDINGS,

INC., EXHIBIT 10.2 TITLED ADDENDUM TO STOCK ACQUISITION-DISTRIBUTION AGREEMENT

WITH REDWOOD SECURITIES GROUP, INC. - ESTIMATED POTENTIAL VALUE OF STOCK

DIVIDEND TO GLOBAL SHAREHOLDERS AND EXHIBIT 10.3 TITLED SCHEDULE A POTENTIAL

VALUE OF REDWOOD SECURITIES GROUP, INC. STOCK DIVIDEND TO GLOBAL MEDICAL

PRODUCTS HOLDINGS, INC. SHAREHOLDERS ).

Redwood Securities Group is a California corporation located at 600 California Street Suite 520, San Francisco, CA 94108 and is registered with the Securities and Exchange Commission (SEC Number 8-043182) and the National Association of Securities Dealers (CRD 27536) as a:

o Broker or dealer selling corporate debt securities o Government securities broker o Government securities dealer o Municipal securities broker o Municipal securities dealer o Non-exchange member arranging for transactions in listed securities by exchange member o Put and call broker or dealer or option writer o Underwriter or selling group participant (corporate securities other than mutual funds

For additional information relating to "Redwood", the firm maintains a public web site at www.redsec.com.

The agreement is that "Redwood" would retain "Global" for access to "Global's" shareholder base. Global would assist Redwood in the preparation of all documents necessary for the registration of "Redwood" to become a publicly traded entity. Redwood would issue to "Global" 12 per cent of its Class A Stock and 15 per cent of its Class B Stock for such use and services as rendered. Upon the completion of the registration with the Securities and Exchange Commission, "Global" would then issue to the common shareholders of Global a stock dividend in the form of Redwood Securities Group Class B Shares. The Class A Shares would be issued to the Preferred shareholders of "Global".