SOURCE: Globex, Inc.

January 23, 2007 12:40 ET

Globex, Inc. in Negotiations to Acquire 200 Uranium Mining Claims in Northern Quebec

NEW YORK, NY -- (MARKET WIRE) -- January 23, 2007 -- Globex, Inc. (PINKSHEETS: GLXI) today announced that Management is currently in negotiations with prominent geologists in the Uranium Mining Industry to acquire a total of 200 claims in the Northern area of the Province of Quebec, Canada. The proposed agreement also involves the establishment of a Canadian Prospecting Subsidiary Corporation, which would allow Globex to benefit from the numerous Federal and Provincial Government incentives for drilling and prospecting programs in Canada.

Globex's Board of Directors is currently evaluating this opportunity to team up with highly qualified experts, and to secure a promising acquisition in the booming Uranium field. Due to the unsatisfactory take-over offers received, the Board of Directors has commenced the due diligence process of the Uranium Mining Claims acquisition, and anticipates closing the transaction within 10 days. The Board firmly believes that this change of business strategy is in the best interests of its shareholders.

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