Exhibit 4.17

                   FINANCIAL ADVISORY AND CONSULTING AGREEMENT

     This  agreement  ("Agreement")  is made and  entered  into this 12th day of
April, 2001 among Global Technologies,  Ltd., a Pennsylvania corporation ("GT"),
Equilink  Capital  Partners,   LLC,  a  New  York  limit  liability  corporation
("Equilink") and National Securities Corporation ("National").

                                    RECITALS:

     GT and Equilink are parties to a Financial Consulting  Agreement,  dated as
of March 22,  2001 (the  "Consulting  Agreement"),  pursuant to which GT engaged
Equilink.  As  contemplated by Section 7 of the Consulting  Agreement,  Equilink
wishes  to  engage  National  as its  advisor,  to  aid  Equilink  in  providing
consulting services to GT.

     NOW,  THEREFORE,  in  consideration  of the  premises  and mutual  promises
contained herein, the parties,  intending to be legally bound for themselves and
their respective heirs, legal representatives,  successors and assigns, agree as
follows:

     1. PURPOSE.  Equilink  hereby  retains  National on a  non-exclusive  basis
during  the  Engagement  Period (as  hereinafter  defined)  specified  to render
financial  advice to Equilink in connection  with  Equilink's  engagement by GT.
National  shall  provide  Equilink  with the  benefits of its best  judgment and
efforts.  It is understood and  acknowledged  by the parties that National shall
not be  obligated  to  spend  any  specific  amount  of time  performing  duties
hereunder.

     2. TERM AND  CONSIDERATION.  This Agreement shall be effective for a period
of twelve months  commencing  on the date first  written above (the  "Engagement
Period").  Global shall issue to National,  upon execution of this Agreement,  a
warrant substantially in the form of EXHIBIT A attached hereto.

     3. FINANCIAL  ADVISORY  SERVICES.  National,  based on its discussions with
Equilink,  believes  that it may assist  Equilink by  performing  the  following
financial  advisory  services (the "Financial  Advisory  Services") and National
shall be limited to providing only those such Financial Advisory Services.

     (i)  Advising  Equilink  on GT's  corporate  sponsorship  and  exposure  in
          connection with the  dissemination of GT corporate  information to the
          investment community at large;

     (ii) Advising  Equilink on GT's financial  structure of its business model,
          as such relates to the public market for GT's equity securities;

    (iii) Advising  Equilink  on GT's  acquisition  strategy,  as  such  program
          relates to the public market for the GT's equity securities;

     (iv) Advising  Equilink on the timing and  structure  of any future  public
          offering or private placement of the GT's equity securities.
<PAGE>
     In connection with National  providing the Financial  Advisory  Services to
Equilink,  Equilink and GT shall  provide  National  with any  information  that
National deems  appropriate.  Equilink and GT hereby  acknowledges that National
will be using and relying on said information without  independent  verification
and that National assumes no responsibility for the accuracy and completeness of
any  information  provided to it. Should Equilink desire National to provide any
financial  advisory  services not listed above,  the parties shall enter into an
additional  engagement  letter and National's  compensation  for such additional
services shall be set forth therein.

     4.  RELATIONSHIPS  WITH OTHERS.  Equilink and GT acknowledge  that National
and/or its  affiliates  are in the  business of  providing  investment  banking,
financial advisory and consulting  services to others.  Nothing herein contained
shall be construed to limit or restrict  National in  conducting  such  business
with respect to others, or in rendering such services to others.

     5. CONFIDENTIAL  INFORMATION.  In connection with the rendering of services
hereunder,  National has been or will be furnished with confidential information
concerning  GT  including,   but  not  limited  to,  financial   statements  and
information,  cost and expense data,  production data, trade secrets,  marketing
and customer data, and such other information not generally obtained from public
or published  information or trade  sources.  Such  information  shall be deemed
"Confidential  Material"  and,  except  as  contemplated  hereby,  shall  not be
disclosed by National without prior written consent of GT. In the event National
is  required  by  applicable  law  or  legal  process  to  disclose  any  of the
Confidential  Material,  it is agreed that  National  will  deliver to GT prompt
notice of such requirement  prior to disclosure of same to permit the GT to seek
an appropriate  protective order and/or waive compliance of this provision.  If,
in the absence of a protective  order or receipt of written waiver,  National is
nonetheless,  in the written  opinion of its counsel,  compelled to disclose any
Confidential  Material,  National may do so without liability hereunder provided
that notice of such  prospective  disclosure  is delivered to GT prior to actual
disclosure. Following the termination of this Agreement and a written request by
GT, National shall deliver to GT all Confidential Material.

     6. NATIONAL'S LIABILITY & INDEMNIFICATION OF NATIONAL BY EQUILINK AND GT.

     (a)  In the absence of gross  negligence or willful  misconduct on the part
          of National or National's material breach of this Agreement,  National
          shall not be liable to  Equilink  nor GT,  nor to any their  officers,
          directors,   employees,  agents,   representatives,   stockholders  or
          creditors  for  any  action  or  omission  of  National  or any of its
          officers,   directors,    employees,   agents,    representatives   or
          stockholders  in the course of, or in  connection  with,  rendering or
          performing  any  services  hereunder.  Any  liability  of  National in
          connection  with this Agreement shall be limited to the aggregate fees
          received by National  hereunder,  and shall not include any  liability
          for incidental, consequential or punitive damages.
<PAGE>
     (b)  Equilink and GT agree to  indemnify  National in  accordance  with the
          terms of the  indemnification  agreement attached hereto as Exhibit A,
          which is incorporated by reference in its entirety into this Agreement
          and made a part hereof.

     7.  EXPENSES.   GT  shall   reimburse   National  for  all  of  its  actual
out-of-pocket  expenses up to $5000.  Any  additional  expense above this amount
should be agreed upon both parties,  including but not limited to travel,  legal
fees, printing, and other expenses, incurred in connection with the provision of
services hereunder.  National will not bear any of the Equilink's or GT's legal,
accounting,  printing  or other  expenses  in  connection  with any  transaction
considered or consummated hereby.  Unless otherwise  specifically stated herein,
neither  National,  its affiliated  companies  (including,  without  limitation,
Olympic Cascade Financial Corporation), nor their directors, employees or agents
is responsible  for any fees or commissions  payable now or in the future to any
finder or to any other  financial  or other  advisor  utilized  or  retained  by
Equilink  or GT.  Reimbursable  expenses  will be billed by  National to GT on a
monthly basis and GT shall pay such expenses within ten days of receiving such a
bill.

     8. MERGER & ACQUISITION ADVISORY SERVICES.  If Equilink desires National to
provide merger/acquisition advice on GT and GT consummates an acquisition of, or
merger with, another business (a "Business  Combination")  during the Engagement
Period,  then GT shall pay National fees and other forms of  compensation as are
customarily received by investment bankers in similar  transactions.  National's
role and specific compensation with respect to any Business Combination shall be
subject to an additional  engagement letter to be executed by National and GT at
such time as is appropriate.

     9. LIMITATION UPON THE USE OF ADVICE AND SERVICES.

     (a)  No  person  or  entity,  other  than  Equilink  and GT or any of their
          subsidiaries or directors or officers of each of the foregoing,  shall
          be entitled to make, use of, or rely upon the advice of National to be
          given  hereunder,  and Equilink and GT shall not transmit  such advice
          to, or encourage or facilitate the use or reliance upon such advice by
          others without the prior written consent of National.

     (b)  Equilink  and GT  hereby  acknowledges  that  National,  for  services
          rendered  as  contemplated  by this  Agreement,  makes  no  commitment
          whatsoever  to  recommend  or  advise  its  clients  to  purchase  the
          securities of GT. Research  reports or corporate  finance reports that
          may be prepared by National will, when and if prepared, be done solely
          on the merits or judgment  of  analysts  of National or any  corporate
          finance personnel of National.

     (c)  Equilink  and GT  hereby  acknowledges  that  National,  for  services
          rendered  as  contemplated  by this  Agreement,  makes  no  commitment
          whatsoever  to make a market  in any of GT's  securities  on any stock
          exchange or in any electronic marketplace. Any decision by National to
<PAGE>
          make a market in any of the GT's  securities  shall be based solely on
          the  independent  judgment of National's  management,  employees,  and
          agents.

     (d)  Use of  National's  name in  annual  reports  or any  other  report or
          release  of  Equilink  or GT require  the prior  written  approval  of
          National  unless  Equilink  or  GT  is  required  by  law  to  include
          National's  name in such annual reports,  other report or release,  in
          which  event  Equilink  or GT, as the case may be,  shall  furnish  to
          National  copies of such annual  reports or other  reports or releases
          using National's name in advance of publication.

     10.  TERMINATION.  This  Agreement may be terminated at any time during the
Engagement  Period  by  National  upon  five (5) days  prior  written  notice to
Equilink,  in the event  that  National  becomes  aware of (i) any change in the
business or operations of Equilink or GT which National  reasonably believes may
adversely  affect  National's  ability  to  render  the  services   contemplated
hereunder,  (ii) any  misrepresentation  by Equilink or GT with  respect to GT's
business  operations,  assets,  condition  (financial or otherwise),  results of
operations  or  prospects,  or (iii) any breach by the  Equilink  or GT of their
obligations under this Agreement.

     In the event of termination (i) this Agreement  shall become void,  without
liability  on the part of National  or its  affiliates,  directors,  officers or
stockholders,  and (ii)  National  shall be entitled to retain the  Warrants and
receive  compensation  for  services  it has  rendered,  including  payment  for
expenses it has incurred up to the date of such termination.

     11. DISCRETION. Nothing contained herein shall require GT to enter into any
transaction based on services  provided by National;  any such decision shall be
at the GT's sole discretion.

     12. SEVERABILITY.  Any term or provision of this Agreement which is invalid
or  unenforceable  in  any  jurisdiction  shall,  as to  that  jurisdiction,  be
ineffective  to the  extent  of  such  invalidity  or  unenforceability  without
rendering  invalid or  unenforceable  the remaining terms and provisions of this
Agreement or affecting  the  validity or  enforceability  of any of the terms or
provisions of this Agreement in any other jurisdiction. If any provision of this
Agreement is so broad as to be unenforceable, the provision shall be interpreted
to be only so broad as is enforceable.

     13. MISCELLANEOUS.

     (a)  Any  notice or  communication  between  the  parties  hereto  shall be
          sufficiently  given if sent by certified or registered  mail,  postage
          prepaid, or faxed and confirmed if to:
<PAGE>
          National at:
          National Securities Corporation
          1001 Fourth Avenue, Suite 2200
          Seattle, Washington 98154
          Fax:  413-581-6527

          Equilink at:
          Equilink Capital Partners
          488 Madison Avenue
          New York, NY  10022
          Fax:  212-755-8650

          Global Technologies at:
          1811 Chestnut Street, Suite 120
          Philadelphia, PA  19103
          Fax:  215-972-8183

          Notices  or other  communications  shall be  deemed to be given on the
          date of receipt.

     (b)  If National shall cease to do business, the provisions hereof relating
          to duties of National  and  compensation  by Equilink as it applies to
          National  shall  thereupon  cease  to be in  effect,  except  for  the
          Equilink's  obligation of payment for services rendered prior thereto.
          This  Agreement  shall  survive  any  merger  of,  acquisition  of, or
          acquisition by National and after any such merger(s) or acquisition(s)
          shall be binding upon Equilink and GT and the  corporations  surviving
          such merger(s) or acquisition(s).

     (c)  This Agreement embodies the entire agreement and understanding between
          the parties and supersedes any and all negotiations, prior discussions
          and preliminary and prior agreements and understandings related to the
          subject  matter  hereof,  and  may  be  modified  only  by  a  written
          instrument duly executed by each party.

     (d)  This Agreement has been duly authorized, executed and delivered by and
          on behalf of the Equilink, GT and National.

     (e)  This Agreement  shall be construed and  interpreted in accordance with
          the laws of the State of Washington, without regard to its conflict of
          laws rules.

     (f)  There is no relationship of partnership, agency, employment, franchise
          or joint venture between the parties.  Neither party has the authority
          to bind the other or incur any obligation on the other's behalf.

     (g)  Equilink and GT hereby acknowledge that National is not a fiduciary of
          either party, and that National makes no representations or warranties
          regarding  GT's  ability to secure  financing,  whether  now or in the
          future.

     (h)  This Agreement and the rights  hereunder may not be assigned by either
          party (except by operation of law) and shall be binding upon and inure
          to  the  benefit  of  the  parties  and  their  respective   permitted
          successors, assigns and legal representatives.
<PAGE>
     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of
the date hereof.

GLOBAL TECHNOLOGIES, LTD.               EQUILINK CAPITAL PARTNERS, L.P.

/s/ Irwin Gross                         /s/ Robert DePalo
-----------------------------------     ----------------------------------------
Name: Irwin Gross                       Name:  Robert DePalo
Title: Chairman                         Title:


NATIONAL SECURITIES CORPORATION

By: /s/ Steven A. Rothstein
   -------------------------------
Name: Steven A. Rothstein
Title: Chairman
<PAGE>
                                    EXHIBIT A

                                 INDEMNIFICATION

     Recognizing that  transactions of the type  contemplated in this engagement
sometimes  result  in  litigation  and that  National  Securities  Corporation's
("National")  role is  advisory,  Global  Technology,  Ltd.  ("GT") and Equilink
Capital Partners, LP ("Equilink") agree to indemnify and hold harmless National,
its affiliates  (including  Olympic  Cascade  Financial  Corporation)  and their
respective  officers,  directors,  employees,  agents  and  controlling  persons
(collectively,  the "Indemnified Parties"), from and against any losses, claims,
damages and liabilities,  joint or several,  related to or arising in any manner
out  of any  transaction,  proposal  or  any  other  matter  (collectively,  the
"Matters")  contemplated  by the  engagement  of  National  hereunder,  and will
promptly  reimburse  the  Indemnified   Parties  for  all  expenses   (including
reasonable  fees and expenses of legal  counsel) as incurred in connection  with
the investigation  of,  preparation for, or defense of any pending or threatened
claim related to or arising in any manner out of any Matter  contemplated by the
engagement of National hereunder,  or any action or proceeding arising therefrom
(collectively, "Proceedings"), whether or not such Indemnified Party is a formal
party to any such  Proceeding.  Notwithstanding  the  foregoing,  neither GT nor
shall be liable in  respect  to any  losses,  claims,  damages,  liabilities  or
expenses that a court of competent  jurisdiction  shall have determined by final
judgment  resulted solely from the gross negligence or willful  misconduct of an
Indemnified Party. Equilink and GT further agree that each will not, without the
prior written consent of National,  settle compromise or consent to the entry of
any  judgment  in any  pending  or  threatened  Proceeding  in  respect of which
indemnification  may  be  sought  hereunder  (whether  or  not  National  or any
Indemnified  Party is an actual or potential party to such  Proceeding),  unless
such  settlement,  compromise or consent  includes an  unconditional  release of
National and each other  Indemnified  Party hereunder from all liability arising
out of such Proceeding.

     Equilink and GT agree that if any  indemnification or reimbursement  sought
pursuant  to  this  letter  were  for  any  reason  not to be  available  to any
Indemnified  Party or  insufficient  to hold it  harmless  as and to the  extent
contemplated by this letter, then Equilink and GT shall contribute to the amount
paid or payable by such Indemnified Party in respect of losses,  claims, damages
and  liabilities  in such  proportion as is  appropriate to reflect the relative
benefits to Equilink and GT and their stockholders on the one hand, and National
on the other,  in connection with the Matters to which such  indemnification  or
reimbursement relates or, if such allocation is not permitted by applicable law,
not only such relative  benefits but also the relative faults of such parties as
well as any  other  equitable  considerations.  It is  hereby  agreed  that  the
relative  benefits  to the  Equilink  and GT and/or  their  stockholders  and to
National with respect to National's engagement shall be deemed to be in the same
proportion  as (i) the total value paid or received or to be paid or received by
Equilink and GT and/or their  stockholders  pursuant to the Matters  (whether or
not  consummated) for which National is engaged to render services bears to (ii)
the fees paid to National in connection with such engagement.  In no event shall
the  Indemnified  Parties  contribute  or  otherwise  be liable for an amount in
excess of the aggregate amount of fees actually received by National pursuant to
such engagement  (excluding amounts received by National as reimbursement of the
expenses).
<PAGE>
     Equilink  and GT further  agree that no  Indemnified  Party  shall have any
liability  (whether  direct or indirect,  in contract or tort or  otherwise)  to
Equilink  and/or GT for or in connection with  National's  engagement  hereunder
except for losses,  claims,  damages,  liabilities  or expenses  that a court of
competent  jurisdiction  shall have determined by final judgment resulted solely
from the gross negligence or willful  misconduct of such Indemnified  Party. The
indemnity,  reimbursement and contribution  obligations of Equilink and GT shall
be in addition to any liability  which  Equilink and GT may  otherwise  have and
shall be binding upon and inure to the benefit of any successors, assigns, heirs
and personal representatives of Equilink and GT or an Indemnified Party.

     The indemnity,  reimbursement and contribution  provisions set forth herein
shall  remain  operative  and in full  force and  effect  regardless  of (i) any
withdrawal,  termination or consummation of or failure to initiate or consummate
any Matter referred to herein,  (ii) any  investigation  made by or on behalf of
any party hereto or any person controlling  (within the meaning of Section 15 of
the Securities Act of 1933 as amended,  or Section 20 of the Securities Exchange
Act of 1934,  as  amended)  any  party  hereto,  (iii)  any  termination  or the
completion  or  expiration  of this  letter of  National's  engagement  and (iv)
whether or not National shall, or shall not be called upon to, render any formal
or informal advice in the course of such engagement.