Exhibit 99.1

HOMECOM COMMUNICATIONS CHANGES NAME TO "GLOBAL MATRECHS, INC."AND COMPLETES
ASSET SALE

RIDGEFIELD, CT., June 15, 2004 (BUSINESS WIRE) -- HomeCom Communications, Inc.
(OTCBB: HCOM) today announced that it has changed its name to Global Matrechs,
Inc. and completed the sale of substantially all of the assets of its hosting
and website maintenance business to Tulix Systems, Inc. The closing of the sale
of assets to Tulix was effective as of May 31, 2004.

Michael Sheppard, a Vice President of the Company, said "these actions mark the
Company's new direction and will allow us to focus exclusively on our licensed
technologies business."

The Company also filed amendments to its Certificate of Incorporation to
increase the number of shares of common stock that the Company is authorized to
issue from 15,000,000 to 300,000,000 and to allow the Company's stockholders to
take action without a stockholder meeting if the Company obtains the written
consent of the holders of a number of shares not less than the number of shares
that would be required to take action at a stockholder meeting at which all the
stockholders entitled to vote on a matter were present and voted. The Company
also filed amendments to the Certificates of Designations, Preferences and
Rights of the Company's Series B, Series C, Series D and Series E preferred
stock to delete the mandatory conversion provisions of those series. In
connection with the closing of the Tulix transaction, Gia Bokuchava and Nino
Doijashvili have resigned from their positions as officers and directors of the
Company, and Timothy R. Robinson has resigned from his position as an officer of
the Company, although he has agreed to remain on the Board of Directors.

The Company expects to be issued a new ticker symbol in connection with the
change of its name and intends to release that information when it is available.

About the Company:

Following the sale of substantially all of the assets of the Company's hosting
and website maintenance business to Tulix, Global Matrechs operates one
business, its licensed technologies business. Through its licensed technologies
business, Global Matrechs seeks to convert the licenses it has acquired in
emerging technologies in the nuclear energy, environmental and chemical
industries into manufactured products primarily through sub-licenses of those
technologies to manufacturers.

"Forward-Looking Statements"

Investors are cautioned that certain statements contained in this document as
well as some statements in periodic press releases and some oral statements of
Global Matrechs, Inc. officials during presentations are "forward-looking"
statements within the meaning of the Private Securities Litigation Reform Act of
1995 (the "Act").

Forward-looking statements include statements which are predictive in nature,
which depend upon or refer to future events or conditions, or which include
words such as "expects", "anticipates", "intends", "plans", "believes",
"estimates", "hopes," "seeks," or similar expressions. In addition, any
statements concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or prospects, and
possible future actions, which may be provided by management, are also
forward-looking statements as defined by the Act.

Some of the factors that could significantly impact these forward-looking
statements in this press release include, but are not limited to: insufficient
cash flow to continue to fund the development and marketing of Global Matrechs'
products and technologies; the failure of Global Matrechs' products and
technologies to become commercially marketable; our ability or inability to
obtain financing; the loss of key personnel; changes in financial markets and
general economic conditions; and, disputes as to Global Matrechs' intellectual
property rights, including Global Matrechs' rights to the technologies that it
licenses. Forward-looking statements are based upon current expectations and
projections about future events and are subject to risks, uncertainties, and
assumptions about Global Matrechs, its licenses, products, economic and market
factors and the sectors in which Global Matrechs does business, among other
things. These statements are not guarantees of future performance and Global
Matrechs has no specific intention to update these statements. More detailed
information about those factors is contained in the Company's filings with the
Securities and Exchange Commission.


Contact: Global Matrechs, Inc.
         Michael Sheppard
         1.203.431.8120