SOURCE: Image Globe Solutions Inc.

July 18, 2005 16:01 ET

Image Globe Solutions Appoints Director to the Board of Nanonize Cutting Tools Technologies Inc.

TORONTO -- (MARKET WIRE) -- July 18, 2005 -- Image Globe Solutions Inc. (OTC: IGSS) today announced that, pursuant to its previously announced agreement with Nanonize Cutting Tools Technologies Inc., Paul Barry, Image Globe president, has been named as its nominee for the board of directors of Nanonize.

The technology being developed by Nanonize for a nano-coating application for cutting tools has the effect of dramatically increasing the useful life of cutting tools in numerous industries. This will have the effect of substantially reducing the down times currently resulting from frequent cutting tool replacements, leading to major cost savings for companies in a wide range of applications, including mineral and oil exploration, the automotive and aircraft industries, and any industrial application where metals are cut. Manufacturers will be able to meet the high tolerances required in today's marketplace.

Paul Barry, Image Globe President & CEO, commented, "Nanonize is looking to become a major player in this lucrative market, and we expect to enjoy ongoing benefits from this association."

Nanonize Cutting Tools Technologies Inc., through its parent company, Nanonize Technologies Inc., has cemented its presence at the leading edge of this exciting marketplace through associations with several university research centers in China and North America.

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.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Image Globe Solutions Inc.
    Mr. Paul F. Barry
    President
    Phone: (905) 825-1200
    Email Contact

    Merle Goertz
    Investor Relations
    (604) 688-2349
    www.i-globesolutions.com