CGLO Coro Global Inc (CE)

Globetech Environmental, Inc. (OTCBB:GENV), the Company wishes to announce the following: Name Change: Effective Monday November 7, 2005, the Company's name will be changed to Globetech Environmental, Inc. and it will commence trading under the symbol GENV. Beiseker Medical Waste Treatment Facility Management has successfully negotiated an extension to the closing of this important acquisition. The terms call for cash consideration of $1 million to be paid during November and the vendor taking back a mortgage for $850,000 at 8% for the remainder of the proceeds. Final closing is set for Friday, November 11th, 2005. For more information on Canglobe International, Inc., please contact Don Sampson/Theodor Hennig at 403-261-2929 or email us at Globetech@shaw.ca. 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.