Global Resource Corporation is Pleased to Announce the Signing of an Investment Banking Agreement With Source Capital Group
November 16 2006 - 9:00AM
PR Newswire (US)
Global Resource Corporation Retains Prominent Investment Banking
Firm. WEST BERLIN, N.J., Nov. 16 /PRNewswire-FirstCall/ -- Global
Resource Corporation (OTC:GBRC) (BULLETIN BOARD: GBRC) , the
licensee of Mobilestream Oil's innovative oil recovery technology,
is pleased to announce it has engaged the services of Source
Capital Group (SCG) as its investment banker and advisor. Source
Capital Group, which has 9 offices and over 100 brokers throughout
the United States, will help to raise funds for the Company through
the preparation and execution of transactions involving investors
interested in the technological innovations GBRC has to offer.
"Global Resource Corporation is set to jump into high gear and
Source Capital Group will enable us to more fully implement the
Company's breakthrough processes within the petroleum industry,"
said Frank Pringle, President of GBRC. "We are pleased to work with
GBRC on this next stage of growth, helping to implement the plan
for tire processing and to increase revenues and cash flow," said
W. Todd Coffin, Managing Director and Head of Banking for Source
Capital Group. About Global Resource Corporation: Global Resource
Corporation, which has licensed its technology from Mobilestream
Oil, 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 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: Global Resource Corporation Phone: (856) 767-2450 Fax:
(856) 767-2490 This news release contains forward-looking
statements regarding Global Resources 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 Global Resource's expectations or
future events. DATASOURCE: Global Resource Corporation CONTACT:
Global Resource Corporation, +1-856-767-2450, or Fax,
+1-856-767-2490, or
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