Globeecom International Inc.

TROIS-RIVIERES, July 18, /CNW Telbec/ - GLOBEECOM INTERNATIONAL INC. (the
"Company") (TSX Venture Exchange: GBC) and its subsidiary, GlobeeCom Inc. (the
"Subsidiary") announce that they have concluded with Investissement QuDebec an
agreement in virtue of which Investissement Quebec may lend to them a maximum
of $350,000 and that will be guaranteed by, mortgages on all present & future,
tangible and intangible assets of the Company and of the Subsidiary.
In consideration of the loan, the Company undertakes to issue to
Investissement QuDebec, at each disbursement, a number of Common Shares equal
to 15% of 75% of the amount of the disbursement divided by the price per share
for the last 5 transactions before the disbursement, subject to policies of
the TSX Venture Exchange. The closing price as of last Friday of the Common
Shares was $0.19. In considering that the price of the last 5 transactions the
day before the disbursement will be $0.19 and that the total amount of the
disbursement will be $350,000, the number of Common Shares to be so issued
will be of 207,237 Common Shares. The Common Shares that will be so issued
will be subject to a hold period of 4 months after their issue.
The first closing of the loan is subject to the completion of the usual
conditions for this type of transaction. The grant of such Common Shares to
Investissement QuDebec is conditional upon the approval of the TSX Venture
Exchange.
A number of 17,283,567 Common Shares of the Company are currently issued
and outstanding, not taking into account the 1,716,284 Common Shares that may
be issued pursuant to outstanding options, the 1,666,667 Common Shares that
may be issued (assuming a conversion price of $0.18 per share) if the
Corporation will issue (as announced on June 28, 2005) a total amount in
principal of $300,000 in convertible debentures (as of today, a debenture for
an amount of $100,000 is issued), and without taking into account the
conversion of all the warrants attached to these convertible debentures
(assuming a conversion price of $0.18).

About GlobeeCom International Inc.

GlobeeCom International Inc. is a company specialized in the development
of on-line software solutions. Its mission: to market technological solution
in order to optimise organizational communication logistics over IP networks.
Established on both North American and European markets, GlobeeCom
International Inc. is positioning itself as a strategic partner and service
provider.

TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this press release.