SOURCE: Global Matrechs Inc.

July 06, 2006 10:44 ET

Global Matrechs, Inc. Engages CFSG1 for Investor Relations and Public Relations

RIDGEFIELD, CT -- (MARKET WIRE) -- July 6, 2006 -- Global Matrechs, Inc. (OTCBB: GBMR) announced today that it has engaged Consulting For Strategic Growth 1 (CFSG1), an investor and public relations firm specializing in domestic and international companies new to American financial markets, to provide strategic counsel on investor and public relations.

Global Matrechs (www.globalmatrechs.com) focuses on the acquisition, development, marketing and sales of next-generation technologies that provide advanced safety and storage solutions for the nuclear, environmental and chemical industries.

Said Stanley Wunderlich, CEO, CFSG1, "We look forward to working with this exciting company whose technology licenses address vital needs of critical industries and governmental agencies. Global Matrechs recently restructured and has announced new commercial orders and sales agreements. CFSG1 has considerable experience and contacts with investors interested in this and similar fields, and we look forward to helping Global Matrechs fulfill its unusual potential."

Michael Sheppard, CEO, Global Matrechs, said, "We have been impressed with CFSG1's knowledge of companies involved with the transfer and licensing of cutting edge technologies. In addition, their expertise in corporate development and capital formation, and their broad network of public and private investors, will be instrumental in helping our company grow. We're delighted to have the benefit of their professional guidance and outreach."

About Global Matrechs

Global Matrechs operates a licensed technologies business focused on emerging technologies in the nuclear energy, environmental and chemical industries. The Company seeks to convert the licenses it has acquired in these fields into manufactured products, primarily through sub-licenses of those technologies to commercial and other manufacturers.

About Consulting for Strategic Growth 1, Ltd.

CFSG1 has decades of hands-on corporate development experience combined with broad personal outreach in the private equity markets and Wall Street broker/dealer communities. CFSG1 is a leader in reverse mergers, investor and public relations and corporate development for small-cap companies and private enterprises, both domestic and international. Its portfolio includes businesses based in countries such as China, South Africa and Canada. CFSG1's strategic relationships include Rodman & Renshaw, Inc., a full-range investment bank nurturing emerging growth companies since 1951; Brookshire Securities, a leading Florida investment firm focused on the needs of small to medium sized companies; and ChineseWorldNet.com, Inc. (CWN), a worldwide financial platform catering to small- and mid-size Chinese companies and the Chinese investor community (www.CWNfn.com), among others. For more information, go to: www.cfsg1.com.

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."

Consulting For Strategic Growth1, Ltd. ("CFSG1") provides Global Matrechs with consulting, business advisory, investor relations, public relations and corporate development services. Independent of CFSG1's receipt of cash compensation from Global Matrechs, CFSG1 may choose to purchase the company's common stock and thereafter liquidate those securities at any time it deems appropriate to do so.

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