SOURCE: Global Matrechs, Inc.

April 04, 2007 08:00 ET

Global Matrechs Announces Sales Partner Nucon-RF Receives Certification Approval for Sales of NuCap™ in the Russian Federation

RIDGEFIELD, CT -- (MARKET WIRE) -- April 4, 2007 -- Global Matrechs, Inc. (OTCBB: GBMR) today announce that its sales Partner NUCON-RF has received certification from the Russian Federation to sell NuCap™. This authorization includes approval from the Laboratory of the State Scientific Center of the Russian Federation-Institute of Physics and Power Engineering and the research laboratory VNNINM.

Our product NuCap™ had previously received customs clearance for the importation into the Russian Federation under the Foreign Economic Activity Commodity Nomenclature (FEACN) No. 3214101000 for the purpose of providing nuclear radiation shielding material.

NUCON-RF has indicated to Global Matrechs, Inc. that it anticipates that it will place an initial order with Global Matrechs for a sufficient amount of base materials to proceed with further engineering and testing of various types and forms of applications.

We expect that NuCap™ applications will be engineered and evaluated by the Federal State Unitary Enterprise "SevRAO" (Northern Spent Fuel Company) and "DalRAO." Each of these entities intends to focus on the encapsulation and protection of corroding iron drums containing radioactive wastes and the stabilization and encapsulation of reservoirs with toxic wastes. These wastes can be put into the NuCap™ matrix for long term storage.

NUCON-RF has also indicated that it has an internal working group assigned to the marketing of NuCap™. This group has identified multiple uses and applications for NuCap™ in conjunction with decommissioning, shielding and disposal issues. During this process this group has been conducting meetings with various Russian government engineering and design enterprises and government agencies. Also, new applications have been developed which include next generation toxic and LLW/ILW containers utilizing NuCap™ as a damping agent.

About Global Matrechs

Global Matrechs (OTCBB: GBMR) (www.globalmatrechs.com) operates a license technologies business. Through its licensed technologies, Global Matrechs seeks to convert the licenses it has acquired in emerging technologies in the nuclear energy, environmental and chemical industries into manufactured products primarily through the sub-licenses of those technologies to manufacturers.

"Forward-Looking Statements"

Investors are cautioned that certain statements contained in this document, as well as other statements in periodic press releases and some oral statements of Global Matrechs, Inc. officials during presentations, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").

Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, or which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "hopes," "seeks," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act.

Some of the factors that could significantly impact these forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the development and marketing of the Company's products and technologies; the failure of the Company's products and technologies to become commercially marketable; the loss of key personnel; changes in financial markets and general economic conditions; and, disputes as to the Company's intellectual property rights, including the Company's rights to the technologies that it licenses from Eurotech, Ltd. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Global Matrechs, its licenses, products, economic and market factors and the sectors in which Global Matrechs does business, among other things. These statements are not guarantees of future performance and Global Matrechs has no specific intention to update these statements. More detailed information about those factors is contained in Global Matrechs's filings with the Securities and Exchange Commission.

Contact Information

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    Global Matrechs, Inc.
    1.203.431.6665