HomeMORRISVILLE, NC--(Marketwire - 07/27/10) - Global Resource Corp. (Pinksheets:GBRC), a developer of patented energy-efficient renewable microwave-based technologies for recycling tires, upgrading petroleum products and converting other materials to higher value hydrocarbon-based fuels or carbon materials, today announced the appointment of Mr. Ken Kinsella to the positions of President and Chairman of the Board of Directors. The Company also accepted the resignation of board members, Mr. Brian Ettinger, Mrs. Kim O'Brien, and Mr. Jonathan Simons as part of the structuring process.
"It is my privilege and honor to serve as Chairman of the Board and work on behalf of the shareholders," stated Mr. Ken Kinsella. "Global Resource is in the midst of an exciting undertaking. We are commercializing our waste to fuel technology and reducing operating expenses while at the same time strengthening our management team via restructuring. I look forward to continued growth and executing on the opportunities that lie ahead for Global Resource as we establish ourselves as a leader in the waste-to-energy market."
Mr. Kinsella continued, "On behalf of everyone at Global Resource, I would like to thank Mr. Ettinger, Mrs. O'Brien, and Mr. Simons for all of their hard work and dedication to our company, and wish them well on all of their future endeavors. Management would like to recognize the group as a whole for the significant contributions that were made throughout their tenure. Going forward, we will continue to move towards commercializing our technologies, improving our earnings and increasing our overall shareholder value."
About Global Resource Corporation
Global Resource Corp. (GBRC) is a developer of a patented 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: www.globalresourcecorp.com
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 events.
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Company:
Global Resource Corp.
Phone: 856-767-5665
Investors:
Thomas Walsh
Partner
Alliance Advisors, LLC
212-398-3487
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