SOURCE: Globex, Inc.

February 02, 2007 09:19 ET

Globex, Inc. Announces Plans to Acquire Additional Uranium Mining Claims in Northern Quebec

NEW YORK, NY -- (MARKET WIRE) -- February 2, 2007 -- Globex, Inc. (PINKSHEETS: GLXI) today announced that it plans to acquire additional uranium mining claims in Northern Quebec, Canada. This decision was made following a recent Board of Directors meeting. The Board resolved to focus the Company's efforts on intensifying its acquisition program of uranium mining claims in the Ungava Bay region, North of Quebec. The decision was based on the significant increase of interest in the Company displayed by current and prospective investors, upon the finalization of its acquisition of 222 Uranium Mining Claims. In particular, the investors expressed approval in Globex's new corporate strategy and demonstrated a willingness to provide financial support to the Company in its goal to become an important player in the mineral exploration and development industry.

For more information please contact Michel Benoit at (514) 288-8494 or via e-mail at Globexenergy@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