GBRC Global Resource Corp

[mickymoose99]

Global Resource Corp. Announces New Chairman of the Board and New Chief Executive Officer


Brian Ettinger Named Chairman and Ken Kinsella Named Chief Executive Officer

MOUNT LAUREL, NJ, Nov 12, 2009 (MARKETWIRE via COMTEX) -- Global Resource Corp. (PINKSHEETS: GBRC), a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that Mr. Ken Kinsella will become the Chief Executive Officer effective immediately. In addition, Mr. Brian Ettinger has been appointed as the new Chairman of the Board of Directors.
Mr. Kinsella has extensive senior executive experience in the operations and management of several top organizations including both private and publicly listed NASDAQ companies. His wealth of experience is global and he has conducted business in countries outside the U.S. such as the UK, Japan, Korea, India, Australia, Greater China and throughout Continental Europe.

Most recently he was a Founding Partner in Tribe Equity, a provider of capital and corporate growth strategies to rapidly growing small and medium businesses. Prior to Tribe Equity he was the CEO of Invicta Investments Limited, an organization that specialized in the construction of transactions including international property, energy, renewables and corporate equity deals in the U.S. and Europe. Throughout his career he has been responsible for global business rollouts and strategic expansion including mergers and acquisitions, joint venture execution and strategic alliance partnerships.

"I'm excited to join Global Resource and offer my experience and knowledge of bringing new technologies to commercialization," said Mr. Kinsella. "The Board of Directors believes that the technology represents a paradigm shift in the energy industry and my goal is to quickly and effectively commercialize our proprietary solution for various applications. The continued focus of our team will be on the monetization of this ground-breaking technology and Global Resource has taken major strides toward the beginning stages of commercialization. I look forward to working with the team at Global and providing important shareholder updates as we reach key milestones."

Mr. Ettinger, a consultant to Global Resource since 2008, currently serves as the CEO and General Counsel for Worldwide Strategic Partners, Inc., an energy consulting firm involved in domestic and international energy projects involving oil and gas production, exploration, alternative fuels, waste to energy, biofuels, power, and pipelines. He has also served as an independent consultant to Nuclear Solutions, Inc., a firm that developed technology that takes waste coal and converts to diesel fuel. While at Nuclear Solutions he assisted the company in obtaining grants and entered into a contract to develop this technology under Shaw Energy Group.

In addition, Mr. Ettinger is the founder of The Law Office of Brian Ettinger. The law firm concentrates on a general practice emphasizing Civil Litigation, Business Litigation, International Business Contracts and Negotiations including Energy Related Industries, International Lobbying Services and represents domestic and international clients in the energy, oil and gas development, exploration, drilling and pipeline products and/or natural gas development, power distribution, power purchase agreements, and coal producing pollution reduction.

"I look forward to being the Chairman of the Board as we move toward commercializing our technology in 2010," commented Mr. Ettinger. "The Board is pleased with the recent licensing agreement and sale of a 1-ton prototype unit to Universal Alternative Fuels for the use in oil shale and we believe Mr. Kinsella has the experience and relationships to deliver additional contracts. Global Resource is at a crucial inflection point of fully commercializing our technology and we felt strongly about bringing in a CEO with Mr. Kinsella's credentials. It is an essential step to driving value for our shareholders."

About Global Resource Corporation

Global Resource Corp., (PINKSHEETS: GBRC), is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. Its process produces significantly greater yields and lower costs than are available using existing technologies. Because the process takes place in an enclosed environment it is emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials. For more information see: Global Resource Corporation :: Overview

[mickymoose99]

Global Resource Corp., (GBRC), is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. Its process produces significantly greater yields and lower costs than are available using existing technologies. The process takes place in a vacuum environment that is emission-free, efficient and cost-effective tool for cleaning environmental wastes and toxic materials.

Share Statistics:

Outstanding:
53.3mm
Float
17.4mm


Important Company Highlights

Investment Highlights

•Proven patent-pending technology to recover energy economically from a variety of untapped sources.

•Successfully completed Phase 2 testing of the Patriot 1, preparing for large scale demonstration to potential customers.

•Restructured management team to accelerate time to commercialization

•Recognized by the United States Department of Energy as a Company that may one day make available hundreds of years of oil from shale and tar sands, based upon the current burn rate of the United States.

•Entered a joint cooperation relationship with Ingersoll Production Systems (IPS). IPS agreed to manufacture energy production systems at its assembly plants.

•$5 million in cash on the balance sheet, sufficient to continue operations for a 12 month period.

Highlight, Applications & Benefits

•Extracting energy from oil shale and tar sands: GRBC process is superior to current technology for extracting oil and gas from oil shale and tar sands because it extracts more oil, uses less energy and no water and is environmentally friendly.

•Extracting hydrocarbons from coal: Low-cost method for extracting gas, oil while producing a value add coke from bituminous coal.

•Recovering oil drilling fluids: GBRC machine recovers drilling fluids (diesel or synthetic fuel) from mud used in well drilling. Recycles costly drilling fluids and cleans drilling mud, saving disposal costs.

•Cleaning up toxic and solid wastes: Decontaminates sludge found in harbors and river bottoms, such as PCBs, herbicides and pesticides. Produces energy and saves cost of waste removal.

•Recycling tires and automotive residue: GBRC machine extracts oil, gas and carbon from tires, plastics of stripped cars, disposing of these toxic materials while producing marketable supplies of energy and other byproducts. Payback from ten-ton recycling machine takes 12-18 months.

•Corn bi-products: GBRC microwave technology has the ability to produce an estimated 3,000 Btu's of energy per cubic foot of corn. Approximately 6,000 cubic feet per ton of corn.

[mickymoose99]

GBRC

+8.43%

RSI Line turn around and is heading upwards @46.39

looking good

[johnsis80]

BUSINESS SUMMARY

Global Resource Corporation, a development stage company, engages in the design, manufacture, and sale of machinery and equipment units for decomposing petroleum-based materials in the United States. The company’s applications cover its microwave technology for recovering hydrocarbons and fossil fuels from sources, such as tires, oil shale, capped wells, coal, automotive shredded residue, municipal solid waste, shale deposits, and waste oil streams. Its microwave technology has applications in the reduction of hydrocarbons in drilling cuttings to permit on-site disposal; the volatilization of heavy or slurry oil; the recovery of oil from oil shale and oil sands; and the medical applications. Global Resource Corporation was founded in 2002 and is headquartered in Mount Laurel, New Jersey.

[cleare39]

GBRC.. This company has produced an environmental safe way to recycle tires through extracting diesel fuel, butane, propane… Through this process they reduce the amount of tires going to landfill and it ends the amount of tire incinerations and tire fires… This company is going to be around for a very long time... Imo, this stock price will increase in due time... Get in now while it’s only at .82

[STOCKMAN]

Hey all keep an eye on gbrc!! Im heariing rumors of news comeing after the close today!! Imo this stock is going to have an awesome run tmw and it is a good time to get in on the dip!! This company is useing mirowave technology to extract oil from a variety of things. Imo this comapany will have great price apprecation and the charts are starting to shape up today!! Dont miss out on this one!!!!

Also keep on ur radar wdas, blap,bocl,wfsv, and gtla !!!

[mickymoose99]

GBRC

+ 6.02 on the up tick

RSI LINE is @ 47.03 and approaching bullish

very nice curve upwards

i believe that GBRC is going to have a BIG DAY

[mickymoose99]

Global Resource Corporation Secures $10 Million Financing Commitment

MOUNT LAUREL, NJ, Nov 20, 2009 (MARKETWIRE via COMTEX) -- Global Resource Corp. (PINKSHEETS: GBRC), a developer of patent-pending microwave technology and machinery for extracting oil and gas, announced today that it has entered into a $10 million common stock purchase agreement with AGS Capital Group, a New York based institutional investor.
Up to $10 million of Global Resource common stock may be sold from time to time over a 36-month period after the Securities and Exchange Commission has declared effective a registration statement related to the transaction. Global Resource will use the proceeds for working capital and will provide the company with the necessary capital for expansion requirements of commercializing the ground breaking microwave technology.

"Our management team is very excited to secure this funding from, a well-respected institutional investor with a strong record of investment," stated, Mr. Ken Kinsella, Chief Executive Officer of Global Resource Corp. "The new funding provides us with the working capital needed to commercialize our microwave technology and begin to further roll out our strategic vision of converting waste to energy utilizing various feedstocks. Our funding agreement provides us with financial stability as we continue to expand our global footprint and seek to secure new contracts with waste management and recycling firms."

About Global Resource Corporation

Global Resource Corp. (PINKSHEETS: GBRC) is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. Its process produces significantly greater yields and lower costs than are available using existing technologies. Because the process takes place in an enclosed environment it is emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials. For more information see: Global Resource Corporation :: Overview

[cleare39]

The newest PR is awesome!!!
They announced today that they have entered into a $10 million common stock purchase agreement with AGS Capital Group, a New York based institutional investor!!!!
IMO, this is huge for this stock!!
As of now the chart is headed north!!!
Happy trading to all those who decicde to go this route!!
IMO, this is a great pick!!
also keep an eye on CAVR,WDAS,DRGZ,BOCl they just might have a good run today also..

[johnsis80]

Chart looks strong RSI line is climbing!!! CHECK IT OUT!!!
GBRC - SharpCharts Workbench : StockCharts.com