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Globex, Inc. Reports Positive Trial Results for Its New Biomass Conversion Process

Process Likely to Receive Worldwide Recognition From Environmentalists

Globex, Inc. (PINKSHEETS: GLXI) today announced that the trial results were positive for its new biomass conversion process into sugar, at the laboratory or pilot plant scale. The new technology under development by the Company has been tested successfully into a four-litre reactor vessel. This new pre-treatment process for the production of bioethanol is based on the use of supercritical fluid (SCF) technology.

SCF technology is a state of matter between a liquid and a gas, which can be obtained in a high pressure vessel. The results showed a significant increase in lignin and hemicellulosic removal from wood chips and the destruction of the cellulosic crystalline structure. This technology demonstrates considerable advantages over the traditional pre-treatment processes of lignocellulosic material such as steam explosion, classical acid hydrolysis or alkaline hydrolysis.

This new technology involves a value-added utilization of residues from crops, wood chips and pulp & paper. Globex's successful testing of this technology in its new biomass conversion process provides unique and effective uses of a biomass resource that until now has been largely overlooked and ignored. Environmentalists from all over the world will see this new proven biomass conversion technology as a welcome alternative to extensive agricultural practices which consist of the mass production of corn, wheat or sugar beet. Nowadays, bioethanol can be produced via the fermentation of crops such as sugar beet or wheat. Nevertheless, these practices imply intensive use of OGM, herbicides and pesticides.

By transforming wood waste into bioethanol, it is a win-win scenario -- greenhouse gases are reduced, air quality is improved and the forest and pulp & paper industries valorize their residues.

About Globex, Inc.

The mission of Globex, Inc. is to develop conversion technologies and methods related to the production of alternative 'green' energy. Our objectives are to become an important player in the high-growth ethanol industry and, in turn, establish a strong position in the green energy industry. Globex's goal is to capitalize on the rapid rise in the demand for ethanol that is being driven by the energy bill passed by the US Congress last year, which mandates the use of ethanol as a fuel additive rather than MBTE in order to reduce greenhouse gas emissions. In particular, the bill requires an increase in ethanol use by refiners to 7.5 billion gallons by 2012, which is nearly double the current total of about 4 billion gallons per year.

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