Mobilestream Oil and Global Resource Corporation Jointly Announce a Meeting October 11, 2006 To Discuss Global's Acquisition of
September 28 2006 - 8:01AM
PR Newswire (US)
WEST BERLIN, N.J., Sept. 28 /PRNewswire-FirstCall/ -- Mobilestream
Oil and Global Resource jointly announce a meeting between the
companies to be held on October 11, 2006, to discuss the
acquisition by Global of all technologies owned by Mobilestream
Oil. Mobilestream Oil, Inc., (OTC Pink Sheets: MSRM) owns a family
of microwave technologies which not only allow for the complete
recycling of an automobile tire (recovering all of the component
parts for resale), but also permit the economic recovery of oil
from sources such as shale, tar sands, oil resid and existing oil
wells. As a result of Global's acquisition of all of the assets of
Carbon Recovery Corporation on 9-22-2006, Global Resource
Corporation (OTC:GBRC) (BULLETIN BOARD: GBRC) is the exclusive
licensee of Mobilestream Oil's family of technologies. Both
companies' management feel that under one corporate structure their
shareholders could gain a much added value. Mobilestream Oil's
President Frank Pringle also announced that he will be converting a
large block of common stock, leaving Mobilestream Oil with
approximately 88,500,000 shares of common stock outstanding. "I
feel that our shareholders will benefit directly by my conversion
of stock and any type of acquisition or merger plan by our two
companies. This, of course, doesn't even take in to account that
Mobilestream Oil is the single largest shareholder of Global
Resource Corporation owning 37,500,000 shares of Global Recourse
Corporation and the substantial license valuation given to us by an
independent expert for our tire technology." The shares of Global
Resource Corporation have a present bid price of $1.20 and have a
value of $45,000,000. About Mobilestream: Mobilestream Oil, Inc. is
an innovative oil and natural gas exploration company focused on
using our proprietary technologies for reverse polymerization and
pyrolysis of materials and to maximize the output of under-
utilized and non-producing oil wells in order to squeeze out every
last ounce of production. Increasing prices continue to make
primary and less conventional methods for extracting oil more
cost-effective, and while Mobilestream Oil is relatively small
compared to some of the larger players in the industry, our size is
our advantage as we feel we can more quickly and effectively
capitalize on expeditious opportunities. Using these same
proprietary technologies, Mobilestream has successfully broken down
tires into the tires' component parts, capturing for resale
virtually all of the raw materials used to manufacture the tires.
Contact: Mobilestream Oil, Inc. Phone: (856)767-2450 Fax:
(856)767-2490 This news release contains forward-looking statements
regarding Mobilestream's business strategies and future plan of
operations. Forward- looking statements involve known and unknown
risks and uncertainties. The company's risk and uncertainties
include: intense price competition, economic, political and
regulatory uncertainties, and the need to raise additional capital
for growth and expansion. The forward-looking statements contained
in this news release speak only as of the date hereof and
Mobilestream disclaims any obligation to provide public updates,
revisions or amendments to any forward-looking statements made
herein to reflect changes in Mobilestream's expectations or future
events. DATASOURCE: Mobilestream Oil, Inc. CONTACT: Mobilestream
Oil, Inc., +1-856-767-2450, or Fax, +1-856-767-2490, or Web site:
http://www.mobilestreamoil.com/
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