Watch this one. It dropped today and after the bell they released this. There will be more to follow. Definite bottom play
Global Matrechs, Inc. Announces First Shipment of NuCap(TM)
RIDGEFIELD, Conn. July 13, 2005 - Global Matrechs, Inc. (OTCBB: GMTH) today announced that its licensed technologies division, with the assistance of its manufacturing partner, has completed on schedule the first full commercial-scale production batch of NuCap(TM) paste for non-slump applications and has completed arrangements to ship it to the Hanford Nuclear Waste Facility in Richland, Washington.
Last April, in a marketing visit to Hanford, representatives from Global Matrechs presented NuCap(TM) and performed a physical demonstration of the material for the local contractors responsible for maintaining the facility. At that time, a number of potential applications at the site were identified, and subsequently, arrangements were made for these local contractors to have the NuCap(TM) material on-site to support the ongoing marketing and to assure the fast response for the site needs.
In addition, Global Matrechs, Inc. has informally arranged with its manufacturing partner to support and manufacture the commercial-size batches of NuCap(TM) necessary for the fulfillment of future orders in the event commercial sales are made. Michael Sheppard stated, "I am thrilled with the speed, reliability and competitiveness of our manufacturing partner and I expect that with our partner's continued assistance, we will be able to make future deliveries in a timely manner."
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