Globetech Environmental, Inc. Announces Signing of Letter of Intent.

CALGARY, Alberta -- Globetech Environmental, Inc. (OTCBB:GENV), The Company wishes to announce the following:

Syngas Energy Corp Letter of Intent Re Joint Venture

A Letter of Intent has been signed with Syngas Energy Corp ("Syngas") for the installation of a fluid bed gasification unit ("FBG") at Globetech's waste treatment facility in Beiseker. The FBG unit has a capacity to treat one metric ton of waste per hour. The terms of the agreement call for: 1. Syngas to arrange financing for the estimated CDN $7 million in capital costs, 2. The incorporation of Newco to hold the equipment and related debt on a 50/50 basis, 3. Net profits will be distributed on a 50/50 basis, 4. Globetech to provide the necessary plant space and staff for operation of the FBG, and 5. The negotiation and completion of a formal joint venture agreement as soon as possible.

Management believes that the addition of this gasification unit into the Beiseker operations will add substantially to our waste treatment capabilities, will generate significant costs savings, will provide synergies with the Logmed technology and autoclaves, and result in profit for Syngas and Globetech.

Other Matters

The $500,000 balloon payment due January 15, 2006, pursuant to the vendor take back mortgage on the Beiseker facility acquisition was satisfied by the provision of an irrevocable assignment of proceeds on a real estate sale which is scheduled to close January 23, 2006.

The Company is currently negotiating an extension for the acquisition of the Logmed technology. A 50,000 Euro payment will be made January 23, 2006, while the remaining payout schedule is being finalized. Management plans to travel to Germany shortly to complete these important negotiations.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

These forward-looking statements include statements about:

--our market opportunity;

--revenue generation;

--our strategies;

--competition;

--expected activities and expenditures as we pursue our business plan; and

--the adequacy of our available cash resources.

These statements appear in a number of places in this press release and include statements regarding our intent, belief or current expectations, those of our directors or officers with respect to, among other things: (i) trends affecting our financial condition or results of operations, (ii) our business and growth strategies, (iii) the Internet and Internet commerce and (iv) our financing plans. Although we believe that the expectations reflected in the forward-looking statement are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including but not limited to those discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2004. Although the Company believes the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion herein should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.