GMTech (PK) (USOTC:GMTH)
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Global Matrechs, Inc. (OTCBB: GMTH) today announced that
its licensed technologies division, with the assistance of its
manufacturing partner, has completed on schedule the first full
commercial-scale production batch of NuCap(TM) paste for non-slump
applications and has completed arrangements to ship it to the Hanford
Nuclear Waste Facility in Richland, Washington.
Last April, in a marketing visit to Hanford, representatives from
Global Matrechs presented NuCap(TM) and performed a physical
demonstration of the material for the local contractors responsible
for maintaining the facility. At that time, a number of potential
applications at the site were identified, and subsequently,
arrangements were made for these local contractors to have the
NuCap(TM) material on-site to support the ongoing marketing and to
assure the fast response for the site needs.
In addition, Global Matrechs, Inc. has informally arranged with
its manufacturing partner to support and manufacture the
commercial-size batches of NuCap(TM) necessary for the fulfillment of
future orders in the event commercial sales are made. Michael Sheppard
stated, "I am thrilled with the speed, reliability and competitiveness
of our manufacturing partner and I expect that with our partner's
continued assistance, we will be able to make future deliveries in a
timely manner."
"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.