SOURCE: Globex, Inc.

April 12, 2007 09:53 ET

Globex, Inc. Announces Official Name Change to U Mining Resources Inc. and Filing for New CUSIP Number and Ticker Symbol

NEW YORK, NY -- (MARKET WIRE) -- April 12, 2007 -- Globex, Inc. (PINKSHEETS: GLXI) today announced that management has completed all the filings with the New York State and Governing authorities to change the Company's name to "U Mining Resources Inc."

The Company's attorney has also filed the required documentation for a new CUSIP number and ticker symbol. Management believes that the changes made, in particular the new corporate name, better reflect the Company's new strategic direction and avoid any conflicts or confusions with another mining Company called "Globex."

The U Mining team is fully focused on completing all necessary marketing and financial presentation tools that are consistent with the Company's new direction, and is intent on building a solid foundation that promotes growth under the new corporate banner.

For more information on U Mining Resources Inc, please visit the corporate website at www.umining.com.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

Contact Information

  • Contact:
    U Mining Resources Inc.
    Phone: (321) 251-6540