Global Resource Corp. will draw on Ingersoll Production Systems' expertise in producing high-volume parts to meet a growing demand for the company's fuel extraction systems WEST BERLIN, N.J., July 16 /PRNewswire-FirstCall/ -- Global Resource Corp. (OTC Pink Sheets: GBRC), today announced it has entered a joint cooperation relationship with Ingersoll Production Systems (IPS). As a Global Resource Corp. partner, IPS will manufacture energy production systems at its Rockford, Illinois assembly plants. This partnership makes IPS the single manufacturing source for all GRC equipment, excluding its microwave components. "The markets for environmentally conscious energy production technology are rapidly expanding, and we can confidently meet that growth with IPS supporting us," states Frank Pringle, CEO of Global Resource Corp. "Their world renowned manufacturing facilities will help realize the promise our technology holds. Our initial agreement is for 20 reactors to be fabricated starting August 1, 2007 through July 31, 2008. They are assuring GRC of increasing this amount of reactors to 25 units the second year. With their ability to produce 100% of the hardware necessary to accommodate our sales projections, it leaves us with one piece absent of contract. That component consists of specific frequency microwave tubes required to meet our projected forecasts and will possibly include additional amplifiers, power supplies and software controls necessary to operate our patent pending process. It is estimated that the initial microwave requirements of approximately 200 units will soon be resolved." Global Resource Corp.'s fuel extraction technology unlocks energy, in the form of oil and combustible gas, in a broad range of raw and recycled materials. The process is environmentally friendly because it produces energy without introducing oxygen, releasing no harmful emissions or other by- products. The process uses a specific microwave frequency determined through material dielectrics to extract hydrocarbons (the building blocks of oil and gas) from tires, dredge, plastics, coal, oil shale, capped oil wells, tar sands, slurry oil and drill cuttings. The hydrocarbons are then converted into clean gas or liquid diesel fuel. This process-called "cracking the hydrocarbon chain"-is performed within a closed-loop vacuum environment in which the system uses extracted gas as fuel. This eliminates the need for additional fuel inputs and makes Global Resource Corp.'s high frequency attenuating wave kinetics (HAWK) microwave extraction entirely self- sufficient. ABOUT Global Resource Corp. 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, waste oil streams and bituminous coal 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 off-situ raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources in-situ. GRC's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere. Many still contain more than half of the hydrocarbons originally in these fields because the residual hydrocarbons are too viscous to extract with conventional technology. 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. Company contact: Frank Pringle CEO Global Resource Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West Berlin , NJ 08091 Main: 856-767-5661 Press contact: Matt McLoughlin Senior Account Executive Gregory FCA 27 West Athens Avenue Ardmore, Pa. 19003 Main: 610.642.8253, ext. 129 Mobile: 610.996.4264 PRESS RESOURCES Press contact(s): Matt McLoughlin. Press room: http://www.globalresourcecorp.com/Recent%20Press.html Web site: http://www.globalresourcecorp.com/ Google Finance: http://tinyurl.com/2dybye DATASOURCE: Global Resource Corp. CONTACT: Frank Pringle, CEO or Global Resource Corporation, +1-856-767-5661, ; or Press, Matt McLoughlin , Senior Account Executive, of Gregory FCA, +1-610-642-8253 ext. 129, Mobile +1-610-996-4264, , for Global Resource Corp. Web site: http://www.globalresourcecorp.com/ http://www.globalresourcecorp.com/Recent%20Press.html

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