CGLO Coro Global Inc (CE)

Canglobe International Inc. (OTCBB:CGLO), President, Mr. Donald Sampson is pleased to announce the Company has secured financing and has proceeded to close on the acquisition of the Beiseker medical waste treatment facilities in Beiseker, Alberta. The facility will be owned by the Company's wholly owned subsidiary, Beiseker Envirotech, Inc., an Alberta Corporation. Financing for the acquisition is being provided by a first mortgage on the facility of approximately CAD$1.4 million; and by vendor take-back financing of CAD$600,000, repayable at CAD$100,000 per month commencing January 2006. In addition 2 million shares of restricted stock have been issued for a total acquisition price of $2.6 million for the facility and other assets. The Company has commenced its $1.5 million upgrading of the facility to increase production by three time's current capacity. Three autoclave units are currently being installed on site. One gasification unit is scheduled to be installed by the end of June, 2006. The gasification unit will be used to primarily to treat expired pharmaceutical waste and expired medications. There are approximately 104,000 kilos of waste on site inventoried for treatment. The Company estimates that the additional capacity will be on-line within 60 days. Mr. Donald Sampson is also pleased to announce that the Company has recruited Mr. Rick Kartevold, to manage this facility and to provide other management for the Company. Mr. Kartevold has over 15 years experience in the medical waste treatment industry, and has while working with Mr. Sampson and for Stericycle, built and managed several medical waste treatment facilities around the world. The Beiseker facility is strategically located to service the medical waste treatment market for Western Canada and the northwest United States. The Company is aggressively marketing its services and anticipates reaching capacity within the next twelve months. The acquisition of the Beiseker plant is the first step in obtaining other environmentally friendly technologies which will form the foundation for the Company to become a substantial player in the multi-billion dollar medical waste treatment industry. Mr. Donald Sampson is also pleased to announce that: 1. The Company has entered into a Settlement Agreement whereby all shareholder loans have been settled in full. This was accomplished by the rewarding of stock options. After this settlement, the Company has no indebtedness other than as described above. 2. The Company's head office has been moved from Edmonton, Alberta to Las Vegas, Nevada. 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. For more information on Canglobe International, Inc., please contact Larry Myles 866-383-4004, email us at info@canglobe.net or visit us at www.canglobe.net.