SOURCE: Globex, Inc.

July 18, 2006 09:00 ET

Globex, Inc. Develops a New Method to Hydrolyze Biomass From Pulp and Paper Residues

Company Discussed Method at World Congress on Industrial Biotechnology and Bioprocessing

NEW YORK, NY -- (MARKET WIRE) -- July 18, 2006 -- Globex, Inc. (PINKSHEETS: GLXI) today announced the development of an innovative pre-treatment method for the production of bioethanol. This process is an integral part of the biomass conversion method to produce ethanol from cellulose. The method ensures high product yields that enhance revenues and reduce treatment costs. A technical description of this method provided by one of Globex's resident PhDs appears below.

GREEN ETHANOL PROCESS TECHNOLOGIES' new method presents many characteristics which reduces the cost of ethanol, by increasing the sugar ratio and reducing the presence of inhibitors that improves the alcohol production yield from the biomass. This new pre-treatment process is based on the use of supercritical fluid (SCF) technology. SCF technology is a state of matter between a liquid and a gas, which can be obtained in a high-pressure vessel. It has been recognized over the past 20 years as one of the most promising green chemistry mediums.

The conversion of lignocellulosic material to ethanol has been identified as one of the most effective methods to produce ethanol by using materials such as crops, wood chips and pulp and paper residues. This conversion can be obtained by two successive processes: (i) Hydrolysis of cellulose in the lignocellulose materials to fermentable sugars, and (ii) Fermentation of the sugars to ethanol. The hydrolysis is usually catalyzed by cellulose enzymes, and is limited by the lignin and hemicellulose contents as well as the porosity (accessible surface area) of the waste material. One of the main advantages of this new technology under development over the physical and chemical pre-treatment processes actually being used for hydrolysis of cellulose is that it overcomes the limitations related to the accessibility of the surface areas.

Globex also announced that its two resident PhDs discussed this new hydrolysis method related to bioethanol production with industry experts at the third annual World Congress on Industrial Biotechnology and Bioprocessing, held July 11-14, 2006 in Toronto, Canada. For further information on this event please visit: http://www.bio.org/worldcongress/.

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 US 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.

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