Global Resource Corporation Aquires Carbon Recovery Corporation

Baltimore, MD - Global Resource Corporation announced recently that it has completed agreement with Carbon Recovery Corporation (CRC), of West Berlin, NJ, for the acquisition of the assets of Carbon Recovery. CRC is a development stage company that has license with Mobilestream Oil, Inc., for a family of technologies that allow for the complete recycling of an automobile tire (recovering all of the component parts for resale) and permit the economic recovery of oil from sources such as shale, tar sands, oil resid and existing oil wells. This family of technologies has the potential to materially increase the usable and recoverable oil reserves worldwide.

Mary Radomsky, President of Global announced the agreement, stated, "We believe that the microwave technology licenses held by Carbon Recovery will permit both recovery of oil from currently marginal sources and the large scale, environmentally-friendly disposal of used tires. We view this as a significant entry into both the oil recovery and environmental clean-up fields." Frank Pringle of Mobilestream Oil added, "With the increase in value to Mobilestream Oil it will permit us to access the capital markets and help accomplish our goals of further commercializing our oil recovery technologies."

SOURCE: Mobilestream Oil, Inc.