SOURCE: Global Matrechs, Inc.

March 13, 2008 10:53 ET

Global Matrechs Negotiating $100,000 Order

RIDGEFIELD, CT--(Marketwire - March 13, 2008) - Global Matrechs, Inc. (PINKSHEETS: GBMR) announced that it has received the following orders in association with its application partner Phazer, Inc. for HNIPU or "Phazerthane" which Phazer has named and trademarked. In addition to our first order from Republic Airport on Long Island, New York, we have received and applied the following flooring projects: a MTA warehouse in Queens, NY, a warehouse on Park Avenue in New York City, flooring project at Montclair State University, Montclair, NJ, a new floor at Fatty Beltbuckles BBQ, LI, NY, Maxim Health & Fitness Gym in Brooklyn, NY and hangar space in Teterboro Airport in NJ. We are in the final approval process for one of our pilot orders and if approved we will receive an order for over $100,000.00. This will represent the largest single order for HNIPU to date.

Michael Sheppard, President, stated, "We are finally benefiting from all the hard work in the marketing of HNIPU and working with Phazer has been both a pleasure and seamless relationship. Along with Phazer we have made presentations of HNIPU all over the United States."

ABOUT HNIPU

HNIPU exhibits superior resistance properties to chemical degradation: 30-50 percent better over conventional polyurethanes and has significantly reduced permeability: three to four times less. Unlike conventional polyurethanes -- with a porous structure -- NIPU's form into a material with practically no pores. HNIPU, a green product has no odor or VOCs. Due to the absence of isocyanates the HNIPU binder can accept fillers without special drying procedures. Synthesis and use of HNIPU does not require the special health protection procedures that are normally associated with the use of conventional polyurethanes since HNIPU does not contain toxic isocyanates. It is recommended for use with concrete, metal or wood in both colors or clear top coating and can be applied either indoors or outdoors.

"Forward-Looking Statements"

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.

Contact Information

  • Contact:
    Global Matrechs, Inc.
    1.203.431.6665