All-Clear(TM) Receives EPA Conditional Registration

Market Wire, November, 2006

US Global Nanospace, Inc. (OTCBB: USGA) today announced that on November 2, 2006 the Company received confirmation and documentation via facsimile from Kidde Fire Fighting, Inc. ("Kidde") that All-Clear(TM) foam has been conditionally registered by the U.S. Environmental Protection Agency, Office of Pesticides Programs Antimicrobials Division ("EPA"), under registration number 82932-1.

US Global Nanospace is seeking clarification from Kidde regarding further registration or approvals for other uses of All-Clear(TM), and will provide additional information as it becomes available. This conditional EPA registration does not imply any current or future revenues for the Company.

The EPA notice dated and delivered to Kidde on October 27, 2006 and received by the Company from Kidde on November 2, 2006 is available by referencing the EPA notice which was included as an exhibit to the 8K filed by US Global Nanospace with the SEC on November 13, 2006, and available via the web at http://www.sec.gov/Archives/edgar/data/1001111/000114420406046621/0001144204-06-046621-index.htm.

About US Global Nanospace

US Global Nanospace, Inc. is a solutions-oriented research and development company that specializes in identifying, developing, and commercializing new and emerging technologies and products for integration into the security, defense and health and safety markets. USGN uses cross-discipline knowledge in the areas of science, engineering, nanotechnology and nanomaterials to develop products that address high-performance issues. USGN has focused its commercial efforts on identifying strategic partnership companies that have the resources to manufacture, market or integrate its products on a commercial scale. USGN's products include MAPSANDS(TM), All-Clear(TM) Chem/Bio Decontamination Foam, the G-Lam line of variable threat armor solutions, NanoFilters for HVAC, NanoFilterCX, BlastX, and Radomes. More information is available at http://www.usgn.com, http://www.mapsands.com, or http://www.all-clear.com.

Safe Harbor

This announcement contains express or implied forward-looking statements about US Global Nanospace's future financial and operating results, products and business relationships. These statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested in the forward-looking statements, including but not limited to, reliance on the manufacturing, sales and marketing efforts of a third party over which US Global Nanospace has no direct control, enforceability, and validity of proprietary rights, ability to raise sufficient capital or borrow sufficient funds to fund future operations, ability to develop future products, technology shifts, potential technical or manufacturing difficulties that could delay products, competition, pricing pressures, the uncertainty of market acceptance of new products by customers, the outcome of pending or future litigation, ability to obtain and maintain regulatory approvals for products, general economic factors and other risks identified and discussed in US Global Nanospace's filings with the Securities and Exchange Commission, including those set forth in US Global Nanospace's annual report on Form 10-KSB for the fiscal year ended March 31, 2006 and its subsequent quarterly reports on Form 10-QSB. These forward-looking statements are based on management's expectations as of the date hereof. Future results may differ materially from US Global Nanospace's current expectations. US Global Nanospace disclaims any intent or obligation to update those forward-looking statements, except as required by law.

Contact: Carl Gruenler (860) 726-3098