Global Matrechs Inc (fka GBMR)

[AMA]

NOHYPE...Global Matrechs, Inc. Announces Update for Fourth Quarter 2006 With Ongoing Business
Global Matrechs, Inc. (OTCBB: GBMR) today announced that the last quarter 2006 was promising with all the interest shown in our technologies and sales of NuCap(TM) and HNIPU. We believe that we can maximize shareholder value by maintaining a long-term focus. We have chosen to avoid a focus on ways in which we can create short-lived economic gains with non-material announcements, and instead, we focus on serving our shareholders by delivering our most material information as fast as we can. We believe in the long run that this focus will enable us to build a company that will create more value.

Our recent business updates with what the Company has in the works from the last quarter of 2006:


-- The Company has completed negotiations for the micro-encapsulation of
nuclear waste in boxes and the encapsulation of drums of nuclear waste that
have started to leak and pose a possible fire hazard at the Oak Ridge
facility in Tennessee and has already delivered two separate orders of
NuCap(TM) to this facility.

-- The Company has completed negotiations of a contract with Nucon-RF,
Inc., who will represent us in Europe and on an exclusive basis in the
Russian Federation and other CIS countries with NuCap(TM). Their offices
are in Berlin, Germany and Moscow, Russia. We will list their
accomplishments separately:

-- On November 20, 2006, Nucon-RF completed an agreement with the
Department of Nuclear sites Decommissioning of the Russian Federation to
participate in the Russian and G-8 funded contamination projects. This
will include Andreyeva Bay, Building No. 5, which is a highly contaminated
former waste storage facility undergoing decontamination. There are
extremely high levels of radioactive dust and approximately 1.5 million
tons of associated radioactive materials. Nucon-RF will utilize NuCap(TM)
for containment of the radioactive dust, sludge, broken assembly elements
and highly radioactive fuel pieces and for general containment of the
radioactive floors. Much of this material comes from spent nuclear fuel
assemblies of decommissioned Soviet-era nuclear powered submarines.
(Please refer to http://www.nti.org/e_research/e3_43a.html)

-- Nucon-RF and all the proper parties will continue to evaluate more
potential sites for NuCap(TM) and Nucon's other energy shielding materials
in the Northwest and Far East of the Russian Federation. This project is
estimated to continue through 2012 and will cost $4 billion dollars. Some
of these funds have already been released. Global is continually assisting
with any technical information that may be needed to help Nucon-RF in the
completion of the approval process and hopes to receive this news in the
first quarter 2007.

-- On December 14, 2006, Nucon-RF received Russian custom clearance for
NuCap(TM). This has been one of the hurdles the Company and Nucon-RF have
been waiting to complete since the second quarter of last year, and Nucon-
RF hopes to start the import process of NuCap(TM) into the Russian
Federation under the Foreign Economic Activity Commodity Nomenclature
(FEACN) No. 321410100. The final process for this event will be the
certification of NuCap(TM). Nucon-RF believes this process should be
completed in the next forty-five days.

-- The pilot order received from Siemens for NuCap(TM) and shipped over
twelve months ago is still in the process of being reviewed before
application. We hope this will be completed by year end 2007. We also
expect to be present for the important test on one of their nuclear power
plants in Germany. Siemens manages plants in Germany and France.

-- We have purchased inventory of HNIPU and had it shipped into the
United States during the third quarter 2006. Our licensee, EFM, has
informed us they have signed an agreement to be acquired simultaneously
with a two million dollar funding. They have also informed us that this
funding should be completed by March 2007 and we hope to assist EFM to
complete this process. When complete, this funding will then permit EFM to
commence large-scale manufacturing and the marketing of HNIPU. This large-
scale manufacturing should help us stay competitive in the marketplace.

-- Our original commercial order that was shipped into Israel earlier
last year has been received very positively and we believe that when EFM
completes the above mentioned funding it will be able to close on further
business from this region.

-- EFM has kept us informed that the Belgium Company that we originally
delivered HNIPU to after their visiting of our production facility has
concluded that they would like to continue to work with HNIPU for their
clients' needs. This process is still under development. The approval
process for "their" new product HNIPU has to be made by their clients.

PUT THIS IN TH IBOX and when the new one comes out replace it, PLEASE.