Mobilestream Oil And Global Resource Corporation Jointly Announce A Meeting

West Berlin, NJ - Mobilestream Oil and Global Resource jointly announce a meeting between the companies to be held on October 11, 2006, to discuss the acquisition by Global of all technologies owned by Mobilestream Oil.

According to Mobilestream Oil Mobilestream Oil, Inc.,(OTC Pink Sheets: MSRM) owns a family of microwave technologies which not only allow for the complete recycling of an automobile tire (recovering all of the component parts for resale), but also permit the economic recovery of oil from sources such as shale, tar sands, oil reside and existing oil wells.

And company added that as a result of Global's acquisition of all of the assets of Carbon Recovery Corporation on 9-22-2006, Global Resource Corporation (BULLETIN BOARD: GBRC) is the exclusive licensee of Mobilestream Oil's family of technologies. Both companies' management feel that under one corporate structure their shareholders could gain a much added value.

Mobilestream Oil's President Frank Pringle also announced that he will be converting a block of common stock, leaving Mobilestream Oil with approximately 88,500,000 shares of common stock outstanding. "I feel that our shareholders will benefit directly by my conversion of stock and any type of acquisition or merger plan by our two companies. This, of course, doesn't even take in to account that Mobilestream Oil is the single largest shareholder of Global Resource Corporation owning 37,500,000 shares of Global Recourse Corporation and the substantial license valuation given to us by an independent expert for our tire technology."

SOURCE: Mobilestream Oil, Inc