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 Global Resource Corp. - GBRC
Global Resource Corp (Stock Symbol: GBRC), announces Joint Development Agreement with Fortune 500 Oil and Gas Company, Schlumberger Ltd. (NYSE: SLB).
NYSE listed and multi-billion dollar oil and gas company, Schlumberger Ltd., has chosen GBRC as their partner to develop several products and services for oilfield operations through the use of GBRC’s breakthrough proprietary technology.
Schlumberger Ltd. (NYSE: SLB) is one of the largest oil and gas equipment and service corporations in the world with a market cap of over $50 billion and sales of $28 billion in 2008. GBRC beat out several firms and was chosen by this industry leader as their partner to develop “surface upgrading” products and services for “heavy oil” oilfield operations based on utilizing GBRC’s proprietary technology and intellectual property.
This is a critical milestone for GBRC. This agreement will not only generate GBRC’s first ever revenue, but more importantly further validate the value of GBRC’s proprietary technology and intellectual property.
The agreement will be broken down into 3 phases and Schlumberger will pay GBRC up to $1.6 million.
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GBRC Updated chart
All my signatures are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on.
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GBRC News
MOUNT LAUREL, NJ--(Marketwire - 11/12/09) - Global Resource Corp. (Pinksheets:GBRC - News), a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that Mr. Ken Kinsella will become the Chief Executive Officer effective immediately. In addition, Mr. Brian Ettinger has been appointed as the new Chairman of the Board of Directors.
Mr. Kinsella has extensive senior executive experience in the operations and management of several top organizations including both private and publicly listed NASDAQ companies. His wealth of experience is global and he has conducted business in countries outside the U.S. such as the UK, Japan, Korea, India, Australia, Greater China and throughout Continental Europe.
Most recently he was a Founding Partner in Tribe Equity, a provider of capital and corporate growth strategies to rapidly growing small and medium businesses. Prior to Tribe Equity he was the CEO of Invicta Investments Limited, an organization that specialized in the construction of transactions including international property, energy, renewables and corporate equity deals in the U.S. and Europe. Throughout his career he has been responsible for global business rollouts and strategic expansion including mergers and acquisitions, joint venture execution and strategic alliance partnerships.
"I'm excited to join Global Resource and offer my experience and knowledge of bringing new technologies to commercialization," said Mr. Kinsella. "The Board of Directors believes that the technology represents a paradigm shift in the energy industry and my goal is to quickly and effectively commercialize our proprietary solution for various applications. The continued focus of our team will be on the monetization of this ground-breaking technology and Global Resource has taken major strides toward the beginning stages of commercialization. I look forward to working with the team at Global and providing important shareholder updates as we reach key milestones."
Mr. Ettinger, a consultant to Global Resource since 2008, currently serves as the CEO and General Counsel for Worldwide Strategic Partners, Inc., an energy consulting firm involved in domestic and international energy projects involving oil and gas production, exploration, alternative fuels, waste to energy, biofuels, power, and pipelines. He has also served as an independent consultant to Nuclear Solutions, Inc., a firm that developed technology that takes waste coal and converts to diesel fuel. While at Nuclear Solutions he assisted the company in obtaining grants and entered into a contract to develop this technology under Shaw Energy Group.
In addition, Mr. Ettinger is the founder of The Law Office of Brian Ettinger. The law firm concentrates on a general practice emphasizing Civil Litigation, Business Litigation, International Business Contracts and Negotiations including Energy Related Industries, International Lobbying Services and represents domestic and international clients in the energy, oil and gas development, exploration, drilling and pipeline products and/or natural gas development, power distribution, power purchase agreements, and coal producing pollution reduction.
"I look forward to being the Chairman of the Board as we move toward commercializing our technology in 2010," commented Mr. Ettinger. "The Board is pleased with the recent licensing agreement and sale of a 1-ton prototype unit to Universal Alternative Fuels for the use in oil shale and we believe Mr. Kinsella has the experience and relationships to deliver additional contracts. Global Resource is at a crucial inflection point of fully commercializing our technology and we felt strongly about bringing in a CEO with Mr. Kinsella's credentials. It is an essential step to driving value for our shareholders."
About Global Resource Corporation
Global Resource Corp., (Pinksheets:GBRC - News), is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. Its process produces significantly greater yields and lower costs than are available using existing technologies. Because the process takes place in an enclosed environment it is emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials. For more information see: Global Resource Corporation :: Overview
Forward-Looking Statements
This news release contains forward-looking statements regarding Global Resource Corporation'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
All my signatures are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on.
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GBRC Global Resource Corp
Global Resource Corp., (GBRC), is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. Its process produces significantly greater yields and lower costs than are available using existing technologies. The process takes place in a vacuum environment that is emission-free, efficient and cost-effective tool for cleaning environmental wastes and toxic materials.
Share Statistics:
Outstanding:
53.3mm
Float
17.4mm
Important Company Highlights
Investment Highlights
•Proven patent-pending technology to recover energy economically from a variety of untapped sources.
•Successfully completed Phase 2 testing of the Patriot 1, preparing for large scale demonstration to potential customers.
•Restructured management team to accelerate time to commercialization
•Recognized by the United States Department of Energy as a Company that may one day make available hundreds of years of oil from shale and tar sands, based upon the current burn rate of the United States.
•Entered a joint cooperation relationship with Ingersoll Production Systems (IPS). IPS agreed to manufacture energy production systems at its assembly plants.
•$5 million in cash on the balance sheet, sufficient to continue operations for a 12 month period.
Highlight, Applications & Benefits
•Extracting energy from oil shale and tar sands: GRBC process is superior to current technology for extracting oil and gas from oil shale and tar sands because it extracts more oil, uses less energy and no water and is environmentally friendly.
•Extracting hydrocarbons from coal: Low-cost method for extracting gas, oil while producing a value add coke from bituminous coal.
•Recovering oil drilling fluids: GBRC machine recovers drilling fluids (diesel or synthetic fuel) from mud used in well drilling. Recycles costly drilling fluids and cleans drilling mud, saving disposal costs.
•Cleaning up toxic and solid wastes: Decontaminates sludge found in harbors and river bottoms, such as PCBs, herbicides and pesticides. Produces energy and saves cost of waste removal.
•Recycling tires and automotive residue: GBRC machine extracts oil, gas and carbon from tires, plastics of stripped cars, disposing of these toxic materials while producing marketable supplies of energy and other byproducts. Payback from ten-ton recycling machine takes 12-18 months.
•Corn bi-products: GBRC microwave technology has the ability to produce an estimated 3,000 Btu's of energy per cubic foot of corn. Approximately 6,000 cubic feet per ton of corn.
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GBRC Global Resource Corp,,,update
GBRC
+8.43%
RSI Line turn around and is heading upwards @46.39
looking good and getting hot
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thanks!
hey thanks for the news, looks great..i'll keep my I on GBRC. it should do well IMO.
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GBRC
BUSINESS SUMMARY
Global Resource Corporation, a development stage company, engages in the design, manufacture, and sale of machinery and equipment units for decomposing petroleum-based materials in the United States. The company’s applications cover its microwave technology for recovering hydrocarbons and fossil fuels from sources, such as tires, oil shale, capped wells, coal, automotive shredded residue, municipal solid waste, shale deposits, and waste oil streams. Its microwave technology has applications in the reduction of hydrocarbons in drilling cuttings to permit on-site disposal; the volatilization of heavy or slurry oil; the recovery of oil from oil shale and oil sands; and the medical applications. Global Resource Corporation was founded in 2002 and is headquartered in Mount Laurel, New Jersey.
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NEWs
On November 11, 2009, Peter A. Worthington resigned from the position of Chief Executive Officer of Global Resource Corporation (the "Company") as well as from its Board of Directors (the "Board"), including as Interim Chairman of the Board. Mr. Worthington was not serving on any committee of the Board.
On November 11, 2009, the Board elected Mr. Brian Ettinger to the Board of Directors of the Company and appointed him as the Chairman of the Board, filling the vacancy created by the resignation of Mr. Worthington. Compensation to be paid to Mr. Ettinger for services to be provided by him as a member of the Board and as Chairman of the Board has not yet been determined.
Mr. Ettinger, a consultant to the Company since 2008, currently serves as the CEO and General Counsel for Worldwide Strategic Partners, Inc. ("WSP"), an energy consulting firm involved in domestic and international energy projects involving oil and gas production, exploration, alternative fuels, waste to energy, biofuels, power and pipelines. General Lincoln Jones III, a director of the Company, owns in excess of ten percent of WSP. The Company currently has a consulting agreement in place with WSP.
Since January 1, 2008, in connection with consultant services provided by Mr. Ettinger to the Company, the Company issued to Mr. Ettinger the following securities: (i) on June 13, 2008, the Company issued 57,500 shares of its Common Stock to Mr. Ettinger as payment for consulting services rendered valued at $129,375; (ii) on October 1, 2008, the Company issued to Mr. Ettinger warrants to purchase 300,000 shares of its Common Stock in partial payment of consulting services to be performed, which warrants have an exercise price of $2.00, with 100,000 warrants vesting on each of June 10, 2009, January 10, 2010 and June 10, 2010; (iii) on October 31, 2008, the Company issued 150,000 shares of its Common Stock to Mr. Ettinger for consulting services rendered valued at $232,500; (iv) on April 1, 2009, the Company issued to Mr. Ettinger warrants to purchase 200,000 shares of its Common Stock in partial payment of consulting services to be performed, which warrants have an exercise price of $1.10 per share and expire on varying dates ranging from January 10, 2012 to June 10, 2012; and (v) on April 22, 2009, the Company issued 225,000 shares of its Common Stock to Mr. Ettinger for consulting services rendered valued at $254,250.
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GBRC
GBRC starting to look like a really nice stock.I jst bouth 2500 shares of this baby i hear possible news EVERYWHERE.This to me sounds like a rumor that will take this soaring over .80.I hope everyone take a look at this stock before it makes a run for the hills. G L o everyone and happy trading.
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GBRC-Global Resource Corp, Inc.
GBRC- HEARING HOT NEWS COMING AFTER THE CLOSE TODAY...sTOCK LOOKS LIKE ITS POSITIONING ITSELF FOR A GREAT RUN THIS WEEK AND- LOOKS LIKE A GOOD TIME TO GET IN- JUST BOUGHT 7,500 SHARES AND I AM HOPING TO BUY ON DOWNTICK AND BEEF UP MY POSITION TO 15,000 SHARES EVENTUALLY-LIKING THIS COMPANY AND WHAT IT IS ABOUT
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