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Global Matrechs, Inc. Provides Business Update on HNIPU Thursday December 22, 10:39 am ET
RIDGEFIELD, Conn.--(BUSINESS WIRE)--Dec. 22, 2005--Global Matrechs, Inc. http://www.globalmatrechs.com (OTCBB: GMTH - News) today provided an update on its press release of December 1, 2005 on the progress of HNIPU. ADVERTISEMENT
Global Matrechs's licensed technology portfolio includes next-generation technologies that provide advanced safety and storage solutions for the nuclear, environmental and chemical industries. Global Matrechs intends to direct these technologies to serve the Nuclear Waste, Green technology and Homeland Security sectors. The company is currently exploring the possibility of strategic acquisitions or technology transfers for businesses or products currently generating revenues and complimentary to the licensed NuCap(TM) (nuclear storage and containment) and HNIPU (non-toxic polyurethane) technologies. The company is also considering opportunities in the non-lethal weapons sector. For full details on the company's diverse licensed technologies, visit www.globalmatrechs.com.
The follow-up of the pilot order for HNIPU with a Belgium company has returned a positive response according to our Israeli operation. (www.globalmatrechs.com/PHNIPU.html) This company has indicated that it will begin to place sample orders for a few thousand kilograms during the first half of 2006 and follow up with orders of approximately 500 tons for the balance of the year. Their current projections for 2007-2010 will be in the area of approximately 2000-5000 more tons. Global Matrechs can, however, give no assurance regarding actual orders that may be placed. Michael Sheppard, President of Global Matrechs stated that "we are quite pleased with this development and our folks in Israel have been working very hard on completing this business. We expect to make a formal announcement of the financial impact in the New Year when we complete the orders."
Since the sale of substantially all of the assets of the company's hosting and website maintenance business to Tulix, Global Matrechs has operated its licensed technologies business. Through its licensed technologies business, Global Matrechs seeks to convert the licenses it has acquired in emerging technologies in the nuclear energy, environmental and chemical industries into manufactured products primarily through sub-licenses of those technologies to manufacturers.
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this document, as well as other statements in periodic press releases and some oral statements of Global Matrechs, Inc. officials during presentations, 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, or which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "hopes," "seeks," or 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 actions, which may be provided by management, are also forward-looking statements as defined by the Act.
Some of the factors that could significantly impact these forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the development and marketing of the Company's products and technologies; the failure of the Company's products and technologies to become commercially marketable; the loss of key personnel; changes in financial markets and general economic conditions; and, disputes as to the Company's intellectual property rights, including the Company's rights to the technologies that it licenses from Eurotech, Ltd. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Global Matrechs, its licenses, products, economic and market factors and the sectors in which Global Matrechs does business, among other things. These statements are not guarantees of future performance and Global Matrechs has no specific intention to update these statements. More detailed information about those factors is contained in Global Matrechs's filings with the Securities and Exchange Commission.
Contact: Global Matrechs, Inc. Michael Sheppard, 203-431-6665
-------------------------------------------------------------------------------- Source: Global Matrechs, Inc.
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I don't trade pennies often but I think I manipulated the stock. I purshed 50000 shares at .0079. Mad and scared I watched scottrade streamer in fright. The ask was .0082 I raised mine from 81 to 83 then 85 and the ask followed me all the way to 88. Surely I didn't do this did I?? I sold all my shares on the way up and only made 70$ b/c of small blocks and comisions. I'm just a firefighter that uses scottrade with no L2. What happened??
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OT: we're talking about the DIMEZ settlement...
ya, wish I could figure someway to have a news alert sent to my cell phone...I don't get to sit by the computer every day...and that one could be extra sweet.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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