Global Resource Corp. Wins International Environmental Achievement of the Year Award for Its 'Clean' Tire Disposal/Hydrocarbon Reclamation TechnologyLast update: 2/25/2008 8:32:00 AMWEST BERLIN, N.J., Feb 25, 2008 /PRNewswire-FirstCall via COMTEX/ -- Global Resource Corp. (GBRC), a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today it has been awarded the environmental achievement of the year award by Tire Technology International, the world's leading international publication for tire design, tire materials and tire manufacturing technology. The award was made in recognition of Global Resource Corp.'s patent- pending microwave process that can dispose of old tires and at the same time reclaim oil and other petroleum products, which then can be used to produce energy. The award was announced at the Tire Technology Expo held for tire industry executives in Cologne, Germany. A panel of 15 experts from international companies, universities and major automotive companies chose the winners. In announcing the award, one jury member, CEO and President Gaetano "Guy" Mannino of Verdek, a consulting and trading company, Rome, GA, said, "Finally, a use of scrap tires that's a win-win solution for the environment and for the business." Mannino is the ex president of Pirelli North America. Chairman Frank Pringle of Global Resource Corp. said, "Eliminating pollution-producing scrap tires is an ideal use of Global Resource's revolutionary microwave technology. We appreciate this wonderful endorsement from the Tire Technology Expo's panel of knowledgeable experts on the value of our technology for extracting valuable hydrocarbons from old tires in an emissions-free process." Pringle noted that this is the latest in a series of awards and acknowledgements of its technology that the company has recently been accorded. In a report released on July 17, the U.S. Department of Energy profiled Global Resource and its microwave technology for oil shale recovery as a company that could possibly help to make the U.S. energy independent. In addition, Popular Science Magazine selected Chairman Frank Pringle as a "Green Tech Innovator" and Global Resource Corp.'s microwave technology as one of its "Best of What's New '07." Time Magazine also selected the company's microwave technology as one of the "Best Inventions of the Year" because of its ability to "pull fuel out of shale rock, tires and even plastic bottles." In its annual round up of "Best Inventions of the Year," Time Magazine selected 46 inventions in 12 categories, from Cars & Buses to Health. Global Resource's microwave technology is included in the environment category. About 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, 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: Forward-Looking Statements 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.
PR/Media Relations Contact: Richard Stern Stern & Co. richstern@sternco.com Tel: 212-888-0044 Jeff Andrews CFO Global Resource Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West Berlin, NJ 08091 Main: 856-767-5661 JAndrews@GlobalResourceCorp.com Investors, Arun Chakraborty, Stern & Co. 212 888 0044 achakrab@sternco.comSOURCE Global Resource Corp.
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