Global Matrechs Inc. Announces Receipt of First Commercial Order for HNIPU.

Global Matrechs, Inc. http://www.globalmatrechs.com
(OTCBB: GMTH) reports that on February 24, 2006 it was informed,
through its manufacturing, sales and marketing partner, Environmental
Friendly Materials GmbH (EFM) that it received the first commercial
order for Hybrid Nonisocyanate Polyurethane, or "ECPU" 2851 clear
binder. The order was placed by an industrial paint producer, DENBER
Paints & Coatings Israel Ltd. Denber states this clear binder will be
used in the manufacturing of paint for commercial purposes for its
industrial markets. Global has also placed an order with EFM to
produce the Binder for samples of paint for the use in United States
sales activities.
   Michael Sheppard, President of Global Matrechs, Inc. said, "We are
extremely pleased that our partner EFM has received its first
commercial order, which will generate the first royalties on HNIPU for
Global Matrechs from EFM. We hope this is will serve as a starting
point and lead to additional orders in this market."
   DENBER believes that HNIPU based paints will have much greater
applications then conventional polyurethanes which are porous, with
poor hydrolytic stability and moderate permeability. In addition,
conventional polyurethanes require highly toxic components in their
manufacture, such as isocyanates, rendering production and use
extremely toxic and dangerous, whereas HNIPU does not pose this
danger.

   MORE ABOUT HNIPU

   HNIPU was developed through the modification of the structure of
the urethane polymer, a new method for increasing hydrolytic
stability. HNIPU exhibits superior resistance properties to chemical
degradation -- some 30 to 50 percent better than conventional
polyurethanes. It also is significantly less permeable. Unlike
conventional polyurethanes, with their more porous structure, HNIPU
forms into a virtually non-porous material. HNIPU does not require
special health protection procedures that are normally associated with
the use of conventional polyurethanes because it does not contain
toxic isocyanates. Conventional polyurethanes have unstable bonds that
are easily hydrolyzed making the material very vulnerable to
environmental degradation. An intramolecular hydrogen bond is formed
during HNIPU's synthesis that improves hydrolytic stability well
beyond that of conventional polyurethanes. Materials that contain
intramolecular hydrogen bonds display chemical resistance greater than
materials of similar chemical structure without such bonds.

   ABOUT GLOBAL MATRECHS: www.globalmatrechs.com

   Through its licensed technologies business, Global Matrechs seeks
to convert the licenses it has acquired in emerging technologies in
the nuclear energy, environmental and chemical industries into
manufactured products primarily through sub-licenses of those
technologies to manufacturers.

   "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.