SOURCE: Global Matrechs, Inc.

November 13, 2007 10:30 ET

Global Matrechs, Inc. Receives First European NuCap™ Order From Sales Partner NNRI

RIDGEFIELD, CT--(Marketwire - November 13, 2007) - Global Matrechs, Inc. (PINKSHEETS: GBMR) is pleased to announce that the Company has received an order for more than one metric ton of its NuCap™ product from NNRI (formerly Nucon-RF, Inc.). This order for NuCap™, a radiation and corrosion-resistant technology, represents the first of many orders planned over the next 12 months. The Company anticipates delivery of this order before the year's end.

NNRI has the sub-license rights to market, sell and distribute NuCap™ into the following territories: Russian Federation on an exclusive basis, as well as the European Union, China, South Korea and India on a non-exclusive basis. NNRI is a U.S. Corporation with executive and operations offices in Berlin and Moscow. They have currently identified demand in the following markets; Germany, Russia and South Korea for the cleanup of nuclear waste for NuCap™, including the Chernobyl Shelter.

According to CEO Michael Sheppard, "We have been working toward the completion and commitment of this order since we originally signed our original Agreement and I could not be happier to begin this process with NNRI. I am very pleased to be associated with NNRI and to foresee the market penetration, which was forecast for NuCap™ by NNRI in the Eastern European markets, finally come to fruition."

NuCap™, which is manufactured by Dow Corning through a strategic partnership with Global Matrechs, will be used to encapsulate highly radioactive material in all settings. NuCap™, a family of advanced materials for nuclear and hazardous waste containment, has been engineered for a wide variety of applications to surround and immobilize radioactive or hazardous materials and debris, ranging from fine dust to large pieces of equipment. Fire-resistant and waterproof properties prevent migration by water or air, and encapsulation capabilities ensure safe transportation and secure permanent disposal.

About Global Matrechs, Inc.: Global Matrechs has operated its licensed technologies business since 2004. 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 sub-licenses of those technologies to manufacturers and sales companies. (

About NNRI, Inc.: NNRI has the capability to provide product, technological and engineering support for environmental and radioactive waste challenges including, compliance, shielding, transport and storage requirements for a broad range of radioactive and toxic wastes.

Safe Harbor: Investors are cautioned that certain statements contained in this document as well as some 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.

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