RIDGEFIELD, Conn., Jan. 20, 2009 (GLOBE NEWSWIRE) -- Global Matrechs, Inc. (Pink Sheets:GBMR) is pleased to provide this update on its most recent corporate developments.
As previously announced 2008 proved to be a significant year in generating business for HNIPU, relative to prior years. The Company received numerous orders from many large facilities and believes that it is well poised to maintain this momentum during 2009. The Company anticipates that some of its bids are to be finalized during the first half of 2009. Please refer to the corporate website at www.globalmatrechs.com for photographs of completed projects. The Company is proud to report that even though it has fallen behind in filing with the SEC, we are starting our way back off the Pink Sheets by filing our 2006 10K today, January 20, 2008. We anticipate completing these filings by the end of the first quarter 2009.
Our latest Issued and Outstanding shares are approximately 377,000,000.
Safe Harbor: Investors are cautioned that certain statements contained in this document as well as some 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.