May 2005

Canglobe acquires Beiseker medical waste treatment facility in Canada

Edmonton, Alberta— Canglobe International Inc.’s, president, Donald Sampson, announced that Canglobe has entered into an agreement to acquire the medical waste treatment facility located in Beiseker, Alberta for CAD $4,000,000.

The facility, built in 1993, currently treats medical waste collected throughout Western Canada using the plants incineration technology. Sampson has played a major role in building ten similar businesses in Japan, South America, South Africa, Australia, and North America.

The company has also acquired alternative treatment equipment valued at CAD$1,250,000 which will allow the Beiseker Facility to increase plant capacity three fold within a three month period.

The facility will then operate under reduced per unit costs, and make the facility much more environmentally friendly. The Beiseker Treatment Facility will have a potential to generate approximately CAD$15 million in gross revenues per year.


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