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Globex, Inc. Signs Asset Leverage Financing Agreement with Trimax Capital Group LTD.
NEW YORK, March 7 /PRNewswire-FirstCall/ - Globex, Inc. (GLXI: Pink Sheets), today announced that it has signed a financing agreement with Trimax Capital Group LTD; a Calgary, AB Corporation.

Pursuant to the significant Uranium discovery on 2 of its properties, Globex Inc. has negotiated an asset leverage program of structured notes based on the value of the proven reserves discovered.

The unique agreement establishes the basis of an ongoing open structured notes asset-based system. It allows Globex to obtain the required working capital to begin Uranium extraction via the proceeds from the notes and most importantly does not result in any share dilution and maintains the book value of the Company's reserves.

Trimax Capital Group LTD specializes in financing natural resource projects in the oil and gas and mining fields. Trimax's financing program is offered in collaboration with companies such as: Nomura, Pali Capital, Dresdner Bank, JJ Wall, and Bear Stearns among others financial organizations. For further information on Trimax visit: www.trimaxcapitalgroup.com.

Globex Management stated: 'This agreement represents the first step towards generating significant revenues for our Corporation and permits us to save considerable time in this crucial phase of our development schedule.'

Management also announced that is in the process of preparing both a SB-2 Filing and audited financial statements in order to become a fully reporting Corporation according to the standards set by the Governing authorities.

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.

SOURCE Globex, Inc.



Source: PR Newswire (March 7, 2007 - 8:30 AM EST)

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