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    Press Release Source: Globex, Inc.

GLXI: Market Advisors Research Report
Wednesday March 14, 8:30 am ET
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Stock Symbol- GLXI.PK Shares- 32,000,000 Market Cap $6,400,000
Recent Price- $0.20 Intermediate Term Price- $0.81
Web Site - www.umining.com Phone- 514-288-8494
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TORONTO, March 14 /PRNewswire-FirstCall/ - NEWS FLASH: As gas prices soar higher and higher, there is a coincidental bull market in uranium prices. The fundamentals for uranium going forward are tremendous, both on the demand and supply sides of the equation, and it has become apparent that demand will not be going away any time soon. The world is starting to see that we are quickly running out of cheap energy sources and that there appear to be no commercially viable solutions to make up for the shortfall - except for uranium.

Investors are in a unique position to benefit from the bullish long-term prospects for uranium. Small-cap stock buyers can participate by investing in shares of junior exploration mining companies like GLXI. Be patient and allow time for growth.

      Globex, Inc.
      (GLXI.PK)

      Investment Highlights
      - GLXI was incorporated in the State of New York in       1999. In February, the Company filed documentation for       a new listing on the OTCBB and a name change to
       U Mining Resources Inc.
      - GLXI recently signed a financing agreement with       Trimax Capital Group LTD, a Calgary, AB Corporation.       This gives GLXI the working capital it needs without       using any assets.

Globex, Inc. is an emerging uranium corporation and their story is one of the more compelling ones in the small-cap E&P sector. Therefore we rate Globex very favorably with an intermediate-term price object of $0.77. This is based on the company's recent discovery of uranium and the implications of such a find. Two factors remain clear regarding Globex. First, we think that the prospects for their Grenville property in Southwest, Quebec remain excellent, and uranium is likely to play a significant role in the future for nuclear energy projects in the United States. Secondly, Globex appears to have found a significant amount of uranium, in our opinion, and should play a key role in the U.S.'s energy future. For internal planning purposes, management believes stepped up production growth is achievable through their exploitation activities.

Uranium companies have a great opportunity right now because the demand is about 180 million pounds a year worldwide, and the supply is about 140 million pounds. This shortfall means any significant strike will surely have a major impact for shareholders. We believe Globex is one of a few with excellent odds to capitalize on the current conditions within their properties.

  

The Importance of Uranium

Not surprisingly, the price of uranium has risen from $8 a pound to over $70 a pound today. Analysts agree that it is just a matter of time before it tests the $100 range and higher. There is also mounting pressure these days to cut down on carbon emissions, making uranium a prime source of energy. There are now about 30 pending license requests for the construction of new nuclear power plants in the U.S. Here are a few more reasons why uranium is today's profitable energy alternative:

1. Oil and gas are rising in price too fast these days and are subjected to supply interruptions
2. Coal is seeing a decline in mine production as hydroelectric generation and nuclear power have made strong gains
3. Wind power is beset with regulations and has to be heavily subsidized
4. Fuel cells are still in the infancy stages, and bringing down the first cost is the primary goal of the fuel-cell industry
5. Uranium-derived electricity accounts for roughly 20% of the world's power grids

We believe GLXI is poised for superior growth primarily because of two key ingredients - assets and people. We have established an intermediate-term price target based on today's current share price of $0.20 to $0.81. If this target price can be achieved, and so much relies on the company effectively carrying out its business plan, investors could enjoy a return of around 285%. In our view, Globex's potentially dominant positioning in its focused operating areas, viable inventory levels, and balance between mining of uranium and ethanol production provide the company a competitive advantage in the junior mining sector.

ANALYST-Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have been frequently quoted in a wide array of financial publications such as the Wall Street Journal, Investors Business Daily, Barron's, The Dick Davis Digest, Moniresearch and many others. We have on staff the former editor of the Marketarian Newsletter, a nationally syndicated stock market newsletter published over twenty years.

The information and opinions in this analyst report were prepared by Market Advisors, Inc. (located in Nebraska) who does receive fees for services including preparation of this report. For this report, officers of Market Advisors Inc. received $3,500 from D Wetzel Consulting for this research report. This is not an offer to buy or sell securities nor should this report be construed as investment advice. Information or statements are subject to numerous risks and uncertainties that cause such statements not to prove accurate. Market Advisors, Inc. does not disseminate, nor is it liable for the dissemination by any third party of this analyst report.

Source: Globex, Inc.