Globus International Resources Corp. announced today the signing of a contract on its e-GlobusNet exchange for the sale of Norwegian frozen fish products to Russia. A test order of 1,870,000 pounds of herring was sent by ship from Norway to Russia. Globus expects to begin shipment of larger amounts, of the order of $3 Million per month, in August of 2000.

Acting as a principal between Norwegian wholesalers and Russian distributors, Globus consummated this contract by utilizing its long-term experience in providing East-West trade connections and financial engineering for two disparate clients. Consequently, new horizons are now opening up for Globus based on its successful operation of e-GlobusNet, a Web-based electronic commerce service launched in May, 2000.

Yury Greene, CEO, stated: “We are pleased that e-GlobusNet was able to facilitate the export of high quality fish products to the Russian market. The B2B response to e-GlobusNet has significantly exceeded our expectations.”

Globus International Resources Corp. is a New York City based, full service importer/exporter of products and services of companies in the U.S., Europe, Russia, Ukraine, and South America.

This news release contains forward-looking statements, which are based largely on the Company’s expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company’s control. Actual results could vary materially from these expected results due to a variety of factors, including the uncertainties of further studies and product development. The Company undertakes no obligation to release publicly the results of any revision to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated events.