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Wednesday, December 12, 2007 2:36:48 PM
On December 10, 2007 our sales Agent for NuCap(tm) in the EC and the RF independently released an update. With reference to their comments on NuCap(tm) Michael Sheppard stated, ``We have received numerous inquiries from our shareholders as to the meaning of this update. We agree that their statements are confusing at best. Global Matrechs, Inc. has an agreement to sublicense NuCap(tm) to NNRF, Inc. formerly Nucon. We met with the NNRF personnel at our manufacturing partner, Dow Corning's facility in Wiesbaden, Germany twice in October and November. We had some fruitful meetings and demonstrations. These meetings followed an order from NNRF for a 1000kg of NuCap(tm), which was announced on November 13, 2007 and is currently prepared for shipment. We had asked our Dow contact to extend their courtesy and assist the NNRF personnel at a demonstration in Germany in November and it was reported to have been conducted successfully. Dow has had no further scientific contact with NNRF. Dow Corning has been producing NuCap(tm) exclusively for Global Matrechs for over two years and has delivered many commercial orders for the Company. The one application NNRF is referring to is very unique and specialized. We are continuing in our research to develop some possible applications that may assist them with the success of this project. If there is a change in developments on this project it will be exclusively for this application or ones similar to it done by NNRF, not Global or Dow Corning, and our loyal shareholders will be updated by our company in a timely manner.''
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