WEST BERLIN, N.J., Nov. 27 /PRNewswire-FirstCall/ -- Global Resource Corp. (OTC:GBRC) (BULLETIN BOARD: GBRC) is pleased to announce that it has received a valuation of its recently purchased technology from CRC, Inc. of $150,000,000 US from Corporate Valuation Advisors, Inc. (CVA). The assets were valued by Corporate Valuation Advisors, a Wisconsin based firm that has over 20 years experience in the valuation of private and public assets, using both the fair market and income approaches to valuation. The process allows for a low emission reactor that meets or exceeds guidelines for "green processing" in many states and municipalities, allowing scrap tires to be broken down efficiently into their component materials at low cost, and results in by-products that have significant value, including tire derived fuels (TDF). The valuation of the business enterprise was based upon the application of the Income and Market Approaches. The Cost Approach was considered, but determined to be inapplicable to the valuation of the Company. The Income Approach was based upon the use of a discounted pro forma cash flow model for the operating entity and produced an equity value indication of $154.34 million. In addition to valuing the equity of CRC, CVA has also estimated the value of its technology rights. The technology rights were valued in order to demonstrate economic support for the equity valuation. In valuing the technology rights, CVA applied an Income Approach based upon the royalty income method. The royalty income method is premised upon the assumption that the Company is sublicensing its rights to the technology to others in exchange for a royalty payment rather than build and operate recycling plants of its own. Based upon the valuation procedures employed, CVA places a Fair Value of equity at $150,000,000 and a Fair Value of Technology Rights at $144,000,000. Global President Frank Pringle stated, "This process competes with heating and burning technologies well, especially as communities are more cognizant of the pollution elements associated with burning. Our process is like a computer, but the burning is like the abacus. It just is better in every way. If you examine cost, benefits and current availability of institutional debt for physical facilities, you would be excited about our growth potential. We are ecstatic with where our company is going. With the assets, we purchased from CRC, Inc. and with our other acquisitions underway we feel that we will be the industry leader in our market. This valuation is not even inclusive of the technologies we are acquiring from Mobilestream Oil which will also include our petrochemical applications." About Global Resource Corporation: Global Resources has a patent pending process that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands and waste oil streams with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from secondary raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources. Global's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology. Contact: Global Resource Corporation Phone: (856) 767-2450 Fax: (856) 767-2490 This news release contains forward-looking statements regarding Global Resource's business strategies and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. The company's risks 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 Web site: http://www.mobilestreamoil.com/

Copyright