Image Globe Solutions Inc.

July 13, 2005 17:52 ET

Image Globe Solutions Announces Exclusive Licensing Arrangement with, and Investment in, Nanonize Cutting Tools Technologies Inc.

TORONTO, ONTARIO--(CCNMatthews - July 13, 2005) - Image Globe Solutions Inc. (OTC PINKSHEETS:IGSS) today announced that it had reached an agreement with Nanonize Cutting Tools Technologies Inc., a private company. The agreement calls for Image Globe to receive the exclusive North American rights to market the technologies developed by Nanonize for coating applications on cutting tools. These applications have the effect of dramatically increasing the useful life of cutting tools in numerous industries. As well as reducing immediate replacement costs on new cutting tools, the more dramatic effect will come from drastically reducing the down times that result from more frequent cutting tool replacements.

In addition Image Globe will receive a 20% interest in Nanonize, and be entitled to appoint one director to the board of directors of Nanonize. Image Globe will provide $200,000 to Nanonize to assist in the further development of Nanonize's cutting tools technologies.

Paul Barry, Image Globe President & CEO, stated, "We are very excited about this new opportunity. It conforms to our stated corporate objective of bringing businesses and markets together, and we are very impressed with the team that Nanonize has cultivated. Their association with the University of Beijing through Dr. Zhu is particularly impressive."

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Image Globe Solutions Inc. officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Image Globe Solutions Inc. actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and Image Globe Solutions Inc. has no specific intention to update these statements.

About Image Globe Solutions Inc - Image Globe Solutions Inc. continues to seek out and develop strategic initiatives designed to bring the company ongoing multiple revenue streams.

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