Global Resource Corp. Launches a Medical Subsidiary to Manage its Medical Application of Patent Pending Microwave Technology
February 01 2007 - 9:25AM
PR Newswire (US)
WEST BERLIN, N.J., Feb 1 /PRNewswire-FirstCall/ -- Global Resource
Corp. (OTC:GBRC) (BULLETIN BOARD: GBRC) announced today it will
introduce a new medical subsidiary to specifically deal with issues
relating to medical applications of GBRC's patent pending medical
technology. The new subsidiary intends on forming strategic
partnerships with medical companies and professionals in order to
license and expand the potential medical advances. As previously
announced the company has filled the following patent applications
for medical use: Title: USE OF MICROWAVE ENERGY FOR THERMOTHERAPY
U.S. Patent Application Serial Number: 11/610,962 Filing Date:
December 14, 2006 Expected Publication Date: June 14, 2007 Title:
USE OF MICROWAVE ENERGY FOR THERMOTHERAPY International PTC
Application Serial Number: Pending Filing Date: December 14, 2006
Expected Publication Date: June 14, 2007 GBRC launches the new
subsidiary with the intent of more efficiently concentrating on
both the petrochemical and medical applications of its microwave
technology. It will allow GBRC to hire a staff of medical
specialists to advance and expand the seemingly endless medical
applications of GBRC's technology. At the same time, GBRC can still
allocate the same resources to its petrochemical applications that
it always has to ensure continued growth of the petrochemical
applications. "In order to guarantee that we uncover every means of
appropriately using this technology we must allow room for growth
of both and not let one encumber the other," says GBRC's President
Frank Pringle. About Global Resource Corporation: Global Resource
Corp. 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. GBRC'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) 767-5661 Fax: (856) 767-5664 This news
release contains forward-looking statements regarding Global
Resource Corp.'s business strategies and future plans of
operations. Forward- looking statements involve known and unknown
risks and uncertainties. The forward-looking statements contained
in this news release speak only as of the date hereof and Global
Resource 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 Corp. CONTACT: Global
Resource Corporation, +1-856-767-5661, or fax, +1-856-767-5664, or
Web site: http://www.globalresourcecorp.com/
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