October 05, 2006 12:11 ET

Globex, Inc. Announces Publication of Company Advertisement in Institutional Investor

Advertisement Appears on Page 114 of September 2006 Americas Edition

NEW YORK, NY -- (MARKET WIRE) -- October 5, 2006 -- Globex, Inc. (PINKSHEETS: GLXI), is pleased to announce that a Company Advertisement has been published in the September 2006 Americas Edition of Institutional Investor on Page 114. The Advertisement appears as an Institutional Investor Sponsored Statement and is in a Q&A format with Globex President Dr. Joel Fournier. This Advertisement format is an effective one for organizations like Globex that wish to communicate strategic messages highlighting current initiatives that are aimed at corporate executives, professional investors and senior government officials.

Globex also announced that a favourable article for the Company and its future prospects was published on September 29 in the Wall Street Journal Online entitled: "How Bush Looks to Define Energy-Policy Focus." A key excerpt from the article reads: "President Bush said he would speed up his alternative-energy push during the remainder of his term with new spending focussed on easing bottlenecks that are slowing the spread of ethanol in the market… Mr. Bush stated, 'I envision more money being spent to accelerate availability of ethanol and other alternative fuels.'" Investors may access the full article via the following link: http://online.wsj.com/public/article/SB115949542393777635-d9CyesMQfIqmZ7ZrVnGDY_wadtA_20070929.html?mod=tff_main_tff_top

About Institutional Investor

Now in its 39th year, Institutional Investor is one of the world's premier financial monthlies, delivering world-class journalism to leading corporate and financial decision makers and government officials around the globe. The magazine's award-winning journalists consistently provide its readers with a unique perspective on what's happening around the world and why, offering insight and commentary on the most significant trends. The circulation of the Americas Edition is approximately 100,000 select decision makers in major Corporations, Financial Institutions and Fund Management companies. For further information or to order a copy of the Magazine visit: www.institutionalinvestor.com.

About Globex, Inc.

The mission of Globex, Inc. is to develop conversion technologies and methods related to the production of alternative 'green' energy. Our objectives are to become an important player in the high-growth ethanol industry and, in turn, establish a strong position in the green energy industry. Globex's goal is to capitalize on the rapid rise in the demand for ethanol that is being driven by the energy bill passed by the U.S. Congress last year, which mandates the use of ethanol as a fuel additive rather than MBTE in order to reduce greenhouse gas emissions. In particular, the bill requires an increase in ethanol use by refiners to 7.5 billion gallons by 2012, which is nearly double the current total of about 4 billion gallons per year.

For more information please contact Michel Benoit at (514) 288-8494 or via e-mail at holdings@sympatico.ca.

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.