Global Resource Corp. Appoints Two New Members to Board of Directors
01 Octobre 2007 - 7:53PM
PR Newswire (US)
New board members will add start-up and recycling experience to
provide direction in early stage commercialization of energy
production technology WEST BERLIN, N.J., Oct. 1
/PRNewswire-FirstCall/ -- Global Resource Corporation (OTC:GBRC.PK)
announced today that they recently added and filled two new
positions on their Board of Directors. On September 20, 2007, the
Board of Directors expanded the size of the Board to five members,
creating two vacancies, to comply with regulations in anticipation
of applying for listing on the American Stock Exchange. The
existing Board elected two new members, Kim Thorne O'Brien and
Jonathan L. Simon, who of whom accepted the appointment on
September 21, 2007. The new board members build the framework for
Global Resource's move into the commercialization stage of the
company. Having entered the recycling industry with the sale of its
first HAWK energy conversion unit, the company is also in advanced
discussions with interests in the petrochemical industry. "These
appointments reflect and will assist in our rapid growth as we move
from technology development into commercialization," says Frank
Pringle, CEO of Global Resource Corporation. "Kim's experience with
start-ups and marketing of development stage companies will be key
to our transformation into commercialization. Jonathan's background
in the recycling industry will provide us with insight into a
market that has flooded our offices with interest since
commercializing the first HAWK unit." Ms. Kim Thorne O'Brien serves
as President of Independence, Inc., a firm engaged in providing
consulting services to start-up biotechnology companies, since May,
2004. Preceding her current position, she was the Vice President,
Business Development & Marketing of AdvancedTraces, Inc., a
company engaged in the development of supersensitive detectors of
biowarfare agents. Prior to that, Kim was Regional Business
Director, Northeast Region, of MedImmune, Inc. between October,
1995 and October, 2001. She has held various other positions in the
health industry. She graduated from Ursinius College in 1980 with a
B.S. in Health & Physical Education, received an M.S.Ed in
Exercise Physiology in 1981 from Temple University, and completed
all work except for the dissertation for a Ph.D. in Cardiovascular
Physiology from Temple University. Mr. Jonathan L. Simon has been
engaged in the recycling industry since the mid-1970's. From April,
2006 to the present, he has served as President of Royal Green LLC,
a company engaged primarily in recycling ferrous metals based in
Temple, PA. Royal Green LLC was a successor company of Royal Green
Corp., another recycler of ferrous metals, for which Mr. Simon was
President from 1990 to March, 2006. In addition, since May, 2006 he
has been a director of Green Energy Technologies, a company that
develops technology for cost and energy efficient wind energy.
Jonathan graduated with honors from the University of Pittsburgh in
1973 with a BS in Biology. 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
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. 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 Investor Contact: Jeff Andrews
CFO 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 DATASOURCE: Global Resource Corp. CONTACT:
Company, Frank Pringle, CEO, +1-856-767-5661, , or Investors, Jeff
Andrews, CFO, +1-856-767-5661, , both of Global Resource Corp.;
Press, Matt McLoughlin, Senior Account Executive of Gregory FCA,
+1-610-642-8253 ext. 129, +1-610-996-4264 (cell), Web site:
http://www.mobilestreamoil.com/
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