SOURCE: Globex, Inc.

January 25, 2007 08:30 ET

Globex, Inc. Announces Shareholder Approval of Uranium Mining Claims Acquisition and Plans to Establish Mining Subsidiary

NEW YORK, NY -- (MARKET WIRE) -- January 25, 2007 -- Globex, Inc. (PINKSHEETS: GLXI) today announced that the Executive Committee has completed the due diligence process on the acquisition of 222 Uranium Mining Claims. The claims are located in the 24L01 area adjacent to the existing "Uranor Inc." exploitation premises and cover an area of 30 square miles in Northern Quebec, Canada. Globex's Board of Directors has obtained the approval of a majority of the Company's shareholders, with respect both to this acquisition and its plans to establish a Canadian Prospecting Subsidiary Corporation.

The Board is currently forming an experienced executive team to fulfill the contract's obligations and aid in the Company's search for other attractive claims to acquire in the area. The Executive Committee issued the following statement: "We believe this opportunity will provide our Company and shareholders with a significant amount of wealth and value. This is truly an exciting project that elicits a high degree of enthusiasm and confidence in its prospects for success among everyone involved."

For more information, please contact Mr. John Michaels, Investor Relations at (514) 812-4568 or via email at

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.

Contact Information

  • Contact:

    Quantitative Methods, Corp.
    John Michaels
    Investor Relations
    Ph# (514) 812-4568