Global Matrechs, Inc. (fka GMTH)

[waterchaser]

UPDATE FOR ONGOING BUSINESS AND SPECIAL SHAREHOLDERS MEETING

Many of you have been asking how the Company is doing. We have made every attempt to release
information that is material to the Company on a timely basis. We know to some of you this may not
seem enough, but we can not release information on business the Company is doing until we receive
conformation of same.
The following bulleted items are still pending and may be material to the Company if and when they
close:
· Last month we received commercial orders for the following two products: HNIPU and
NuCap™. We at Global Matrechs, Inc. have been working hard to change the image of these
products, and we are finally seeing the interest in these products turn into orders. We hope to
announce orders going forward.
· We have renewed our Equity Line for $15,000.000 in January 2006 and it is now effective.
This Equity Line gives the Company the opportunity to build and expand upon current business
models and pursue complimentary acquisitions. The company's portfolio includes nextgeneration
technologies that provide advanced safety and storage solutions for the nuclear,
environmental and chemical industries. The majority of Global Matrechs’ products portfolio is
directed to serve the growing Homeland Security sector. The availability of this Equity Line
allows us to aggressively look for more technology and acquisitions, with the company’s goal
being the acquisition of other companies and/or products currently generating revenues that
would compliment NuCap™ (nuclear storage and containment) and HNIPU (non -toxic
polyurethane) technologies. Additionally, the Company will explore all possibilities in the
Non-Lethal Weapons Sector.
· We have received a sample order from another nuclear facility in the United States. This
project would involve the encapsulation of low grade nuclear waste that may pose a fire threat
where stored. We hope to announce the results of this testing by June 2006
· The Pilot order of HNIPU (http://www.globalmatrechs.com/PHNIPU.htmlhat) that was sent to
a Belgium company is still in the process of being turned into a purchase orders to our sales
partner EFM. We had hoped to receive a response by year end, but have recently received an
strong indication on what they will use over the next three to four years and it will run into the
thousands of tons when it starts. We hope to receive some small orders this year and then
follow with a strong sales program starting in 2007.
· The pilot order for NuCap™ (http://www.globalmatrechs.com/PNCAP.html) received from
Siemens and shipped in the last quarter of 2005 is still in the process of being reviewed before
application. We hope this will completed by the end of second quarter of 2006. A test of this
product will take place in one of Siemens’ nuclear power plants located in Germany, and we
expect to be present. Siemens manages all the nuclear power plants in Germany and France.
· In May 2006, the Company will complete its master manufacturing agreement with Dow
Corning for the commercial manufacturing of NuCap™.
· The Company ended negotiations with Global Demolition & Recycling for representation of
NuCap™ with a non-exclusive agreement for the eastern part of the United States. We are
continuing to look at the non-nuclear use of NuCap™ with other possible partners.
· The Company is in negotiations with another company for the encapsulation of over 2000
drums of arsenic that are leaking into the ground. We hope to do a demonstration for
representative of this project in May 2006.
· We have completed negotiations with a company that resides in Russia and will represent
NuCap™ with all Eastern European Governments. They will be working very closely with the
Chernobyl project. We hope to sign and announce this Agreement in May 2006.
· Finally and equally as important, our Special Shareholders meeting will be held next week in
Boston. The Company is putting forth to the shareholders an amendment to increase our
number of authorized shares and give the Board of Directors the ability to reverse the issued
and outstanding shares of the company, provided the Board of Directors determines such a
reversal would be in the best interest of the Company. We feel that both of these amendments
will insure our future and give us the currency to actively pursue activities that will enhance the
value of the Company.
We look forward to meeting you April 25, 2006!
"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.