Total : 4 View more »
FINCAD, leading provider of derivatives analytics, and Cerebra, a London-based front office technology consultancy, today announced that Cerebra has joined the FINCAD Alliance Program. The new partnership enables Cerebra to leverage its expertise with FINCAD’s analytics library in implementation
The Association for Financial Professionals (AFP) and GTreasury, the leading provider of treasury management software and services, released the results of a recent AFP poll focused on treasury workstation solution preferences. The GTreasury-sponsored poll found that both large and small companies
Kyriba Corporation, the leader of on-demand cash and treasury management solutions, announced today that it accelerated revenue growth through the first three quarters of 2009 and expects to surpass its previous record for annual revenue achieved in 2008. “The difficult economic environment causes
Gissing Software, (a Thomson Reuters company) , the leading provider of multi-vendor contribution systems, today announced that Tradition has signed a global deal to deploy Gissing ConteX MCS 4 and Gissing Publishing in it's offices in London, New York, Tokyo and Singapore. The solution will be
http://www.bobsguide.com/guide/news/2009/Oct/6/Tradition_signs_global_deal_for_Gissing_ConteX.html
Total : 17 View more »
MOUNT LAUREL, NJ, Nov 20, 2009 (MARKETWIRE via COMTEX) --
Global Resource Corp. (PINKSHEETS: GBRC), a developer of patent-pending microwave technology and machinery for extracting oil and gas, announced today that it has entered into a $10 million common stock purchase agreement with AGS Capital Group, a New York based institutional investor.
Up to $10 million of Global Resource common stock may be sold from time to time over a 36-month period after the Securities and Exchange Commission has declared effective a registration statement related to the transaction. Global Resource will use the proceeds for working capital and will provide the company with the necessary capital for expansion requirements of commercializing the ground breaking microwave technology.
"Our management team is very excited to secure this funding from, a well-respected institutional investor with a strong record of investment," stated, Mr. Ken Kinsella, Chief Executive Officer of Global Resource Corp. "The new funding provides us with the working capital needed to commercialize our microwave technology and begin to further roll out our strategic vision of converting waste to energy utilizing various feedstocks. Our funding agreement provides us with financial stability as we continue to expand our global footprint and seek to secure new contracts with waste management and recycling firms."
About Global Resource Corporation
Global Resource Corp. (PINKSHEETS: 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: 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.
Contact: Investors: Thomas Walsh Partner Alliance Advisors, LLC 212.398.3486 Email Contact Media: Matt McLoughlin Senior Account Executive Gregory FCA 610.996.4264 Email Contact
SOURCE: Global Resource Corporation
http://www2.marketwire.com/mw/emailprcntct?id=852EA5DD4F346F87 http://www2.marketwire.com/mw/emailprcntct?id=6A735D4DE6BEA5D1
Tags: business ceo coal email energy environment executive expansion investment machinery media new_york oil oil and gas patent petroleum products plastics technology toxic waste management
Companies: Global Resource Corp (GBRC)
Nov 13, 2009 (M2 PRESSWIRE via COMTEX) --
STOCK MARKETING INC PRESENTS : (PINKSHEETS: MNDP) Mundus Group, Inc., (PINKSHEETS: GBRC) Global Resource Corp., (PINKSHEETS: HRRN) HE-5 Resources Corp., (OTCBB: VSMR) Verify Smart Corp., (PINKSHEETS: BRYN) Bryn Resources, Inc., (PINKSHEETS: RGTX) Registered Express Corporation
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(PINKSHEETS: MNDP - Mundus Group, Inc.)
LATEST NEWS!! Mundus Group, Inc. Announces the Formation of AirStar Geo Logic (AGL)
A new division to provide services to natural gas, oil and mining industries by using its subsidiary's technology.
LOS ANGELES, Nov. 12 -- AGL will provide UAV Aerial Imagery & Data collection technologies to geological survey companies in search of natural resources in the mining of minerals, gemstones, precious metals and natural gas & oil industries.
AGL technology has a small footprint for the environment aerial non-disruptive technologies, and also provides increased accuracy that can locate resources and environmental dangers.
AGL provides remote controlled UAVs with GPS technology that, when configured with imagery technology, has the ability to: - track specific positions with large scale area seismic imagery ground sweeps; - hovering in one place; - track the topographical features while descending into difficult locations; and - offer real time views of seismic, optical, infrared and photographic onboard cameras for inspection of ground and structural makeup.
These abilities, while locking on an exact position, provide the collection of extremely valuable information with undisputable imagery resolution improvements. The ability to provide a focused detailing of ground stratification characteristics of fault lines around cliffs and ridges provide an enhanced 3-Dimensional model that far surpasses the predictive accuracy that can be obtained from any fixed wing survey.
AirStar manufactures UAV delivery platforms, as well as sells, services and provides training. AGL provide aerial photography packages, which will out-perform manned aircraft and helicopters for a fraction of the cost and provide strategic advantages to engineers in the search for natural gas, oil and mining as well as the building of bridges, roads and infrastructure in mountainous and hilly areas where fixed wing seismic surveys cannot provide the details that AirStar's hovering UAVs can provide.
AGL was formed to professionally service the geological, mining and natural resource industries with many calls over the past 15 years from engineering firms seeking assistance with detailed aerial analysis of construction sites, engineering projects, mining and natural gas and oil industries.
AGL is one of a family of niche UAV applications identified by Mundus as a unique division to be exploited and targeted for growth by expanding AirStar's capacity and ability to focus on each distinct market. Please see our website for our diverse UAV applications.
AirStar's proprietary CamCopters are famous for their major Hollywood films, commercials and documentaries and also provides a range of preconfigured camera ships that will fit into different budgets. We also offer assistance to the remote control operators who want to take their business to the next level with Aerial Photography of resorts, golf courses, sport events and other innovative aerial photography solutions that will generate revenue streams to their business.
About The Mundus Group, Inc.
The Mundus Group, Inc. (MNDP) is an advanced aerospace technology consortium providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) since 1990 through its fully owned VTOL division, Roadable Aircraft International (RAI). Mundus is at the cutting edge of jet turbine-ducted fan technology and fuses state of the art design engineering and a prototyping facility with computer assisted auto flight technologies, Remote Controlled (RC) and composite technologies industry segments. From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian and military uses, Mundus Group, Inc. is developing revolutionary products with global potential for change that offers economic protection and growth opportunities for investors.
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(PINKSHEETS: GBRC - Global Resource Corp.)
LATEST NEWS!!
Global Resource Corp. Announces New Chairman of the Board and New Chief Executive Officer
Brian Ettinger Named Chairman and Ken Kinsella Named Chief Executive Officer
MOUNT LAUREL, NJ, Nov 12, 2009 -- Global Resource Corp. (PINKSHEETS: GBRC), a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that Mr. Ken Kinsella will become the Chief Executive Officer effective immediately. In addition, Mr. Brian Ettinger has been appointed as the new Chairman of the Board of Directors.
Mr. Kinsella has extensive senior executive experience in the operations and management of several top organizations including both private and publicly listed NASDAQ companies. His wealth of experience is global and he has conducted business in countries outside the U.S. such as the UK, Japan, Korea, India, Australia, Greater China and throughout Continental Europe.
Most recently he was a Founding Partner in Tribe Equity, a provider of capital and corporate growth strategies to rapidly growing small and medium businesses. Prior to Tribe Equity he was the CEO of Invicta Investments Limited, an organization that specialized in the construction of transactions including international property, energy, renewables and corporate equity deals in the U.S. and Europe. Throughout his career he has been responsible for global business rollouts and strategic expansion including mergers and acquisitions, joint venture execution and strategic alliance partnerships.
"I'm excited to join Global Resource and offer my experience and knowledge of bringing new technologies to commercialization," said Mr. Kinsella. "The Board of Directors believes that the technology represents a paradigm shift in the energy industry and my goal is to quickly and effectively commercialize our proprietary solution for various applications. The continued focus of our team will be on the monetization of this ground-breaking technology and Global Resource has taken major strides toward the beginning stages of commercialization. I look forward to working with the team at Global and providing important shareholder updates as we reach key milestones." Mr. Ettinger, a consultant to Global Resource since 2008, currently serves as the CEO and General Counsel for Worldwide Strategic Partners, Inc., an energy consulting firm involved in domestic and international energy projects involving oil and gas production, exploration, alternative fuels, waste to energy, biofuels, power, and pipelines. He has also served as an independent consultant to Nuclear Solutions, Inc., a firm that developed technology that takes waste coal and converts to diesel fuel. While at Nuclear Solutions he assisted the company in obtaining grants and entered into a contract to develop this technology under Shaw Energy Group.
In addition, Mr. Ettinger is the founder of The Law Office of Brian Ettinger. The law firm concentrates on a general practice emphasizing Civil Litigation, Business Litigation, International Business Contracts and Negotiations including Energy Related Industries, International Lobbying Services and represents domestic and international clients in the energy, oil and gas development, exploration, drilling and pipeline products and/or natural gas development, power distribution, power purchase agreements, and coal producing pollution reduction.
"I look forward to being the Chairman of the Board as we move toward commercializing our technology in 2010," commented Mr. Ettinger. "The Board is pleased with the recent licensing agreement and sale of a 1-ton prototype unit to Universal Alternative Fuels for the use in oil shale and we believe Mr. Kinsella has the experience and relationships to deliver additional contracts. Global Resource is at a crucial inflection point of fully commercializing our technology and we felt strongly about bringing in a CEO with Mr. Kinsella's credentials. It is an essential step to driving value for our shareholders." About Global Resource Corporation Global Resource Corp., (PINKSHEETS: 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: www.globalresourcecorp.com
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(PINKSHEETS: HRRN - HE-5 Resources Corp.)
LATEST NEWS!!
He-5 Resources Corp. Announces Launching of TBBN.TV ("Trading Barter Bank Network") Beta Module Scheduled for Today 5:00pm Eastern Time
NEW YORK CITY, NEW YORK, Nov 13, 2009 -- HE-5 Resources, Corp. (PINK SHEETS: HRRN), announced today the launch of TBBN.TV (Trading Barter Bank Network) Beta module scheduled for 5:00pm Eastern Time.
Mr. Rick DesOrmeaux, newly appointed President and COO of the Company, has initiated the Public "Trading Barter Bank" Beta Module Release Program. This initiative is the first of many corporate measures he has planned to accelerate TBB Market venue and begin building revenues rapidly.
Mr. DesOrmeaux stated: "Our Shareholders need to understand the business model and see our dynamic and interactive approach. For many months now, I've been attending Friday afternoon Beta testing meetings. After every presentation, I was motivated and interested to learn more about all the unique features of this project. I now feel it's time for everyone to participate and even help out by posting objective and constructive opinions and comments." Rick added: "I want our "United Business Traders" to be part of the operation and stimulate the Member philosophy and Fellowship through and by interacting in the process. We will continue to launch our module every week like before my nomination, but now, every single beta test will be semi-public. We will create a section in our forum dedicated specifically for Members' and Traders' input and we will publish after each beta test a more detailed explanation of the module functionalities in order to help our shareholders to understand the unique values and exclusive features of the "Trading Barter Bank" platform.
Management greatly appreciates "United Business Traders" support.
Management will keep the shareholders informed and we invite you to visit our forum at www.unitedbusinesstraders.com and suggest that you complete the online registration form in order to receive member packages.
You may also visit our corporate website at: www.tradingbartercorp.com; And our Blog at: www.tradingbarterblog.com.
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(OTCBB: VSMR - Verify Smart Corp.)
LATEST NEWS!!
VerifySmart Signs MOU with Consortium Headed by New York Financial Systems Executive Tony Cinotti; JV to Introduce Credit/Debit Card Fraud Technology to the Americas and Europe
TAGUIG, Metro Manila, Philippines, Nov 13, 2009 -- VerifySmart (TM) Corp. (VSMR: OTCBB): ("VerifySmart" or the "Company"), a global leader in secure and fraud free credit/debit card payment processing and transfer services, has signed a Memorandum of Understanding (the "MOU") with New York Financial Systems executive Mr. Tony Cinotti on behalf of a Consortium (the "Consortium") made up of professionals experienced in managing financial services firms across many verticals. The MOU outlines the terms of an Agreement ("the Agreement") between Mr. Cinotti and VerifySmart to form a Joint Venture Company (the "JV Company") to introduce the Company's proprietary suite of fraud prevention and detection technologies to financial institutions, businesses, and economic development groups in North America, South America and Europe.
Under the terms of the MOU, the new JV Company will be based on a 50-50 revenue sharing model, and will, merging VerifySmart's technologies with the Consortium's broad-reaching sphere of influence, create a turnkey fraud loss solutions company based in North America's financial capital. VerifySmart technologies reduced fraud to zero in initial production pilots, and recent beta testing exceeded expectations both in deployment speed and fraud loss.
The Consortium signing comes on the heels of an announcement last week by VerifySmart, that the Company had signed a parallel JV with Indonesian billionaire Mr. Theodore "Teddy" Rachmat, one of Southeast Asia's most influential business leaders and financiers, to introduce VerifySmart technologies to Southeast Asia, Asia and the Middle East.
The Americas and Europe MOU is strategic in that it indicates confidence, by the establishment, of VerifySmart's suite of zero-loss fraud prevention and detection technologies and creates, together with the Asia and Middle East JV, a global network of financial genius working on behalf of the Company to propagate widespread adoption of its suite of PCT approved, patent-pending financial fraud prevention and detection solutions. "This signing formalizes our belief that VerifySmart will become the global leader in fraud loss solutions. Their fraud prevention and detection solutions, while impenetrable, are genius in their brevity, design, execution and cross-platform compatibility. And, they are based on the most popular of devices, the SMS-enabled mobile handset," says Mr. Cinotti. The Company recently announced an alliance with iMobile Interactive of New Jersey which gives VerifySmart instant consolidated SMS (text message) access to billions of mobile phone customers worldwide. "Suddenly, almost all potential credit/debit card customers are connected by something other than fraud loss risk, they are connected by VerifySmart's SMS-enabled ability to reduce that risk to zero." The 'SMS-enabled transaction' as it applies to debit/credit card fraud prevention and detection, was conceived by VerifySmart and is protected globally by PCT approvals and pending patents. "We are very excited about the future and plan to move quickly to gain traction in all verticals," says VerifySmart Honorary Chairman Adi Muljo. "This Americas JV, led by Tony Cinotti and his extraordinarily talented and accomplished group is key to our business plan, and very soon we will be opening a New York office to accommodate growth." About Tony Cinotti Tony has over 35 years experience in the Financial Industry. He began his career with Kuhn Loeb & Company managing all systems and data center operations. He continued his career with Morgan Stanley and managed Equity and Government Trading as well as Broker Commissions and Management and Planning systems. Upon leaving Morgan Stanley he founded DP Sciences Inc., which provided Management and Systems consulting to the Financial community. The company was contracted to build and manage systems and data centers for various financial clients. DP Sciences was also a service organization processing over 97 % of all Equity IPO's (Initial Public Offerings) for over 30 clients. Tony also owned seats on The New York Futures Exchange and was a registered Floor Broker. He was the co-inventor on two method patents for processing transactions on 3G phones. Tony has a Bachelors degree in Management from Baruch College.
Tony was instrumental in bringing the iMobile Interactive and VerifySmart alliance to fruition. iMobile currently interfaces with almost every phone company in the world.
Understanding the Credit/Debit Card and Transaction Fraud Loss Opportunity Addressing credit/debit card and online transaction fraud loss is one of the most important issues facing industrialized and developing nations today. The fraud loss numbers, threat to economic security, and acceleration of piracy sophistication are so great that, current and projected loss statistics are difficult to access. It is reported that identity theft and credit card fraud are the fastest-growing categories of US Federal Trade Commission complaints, and that the cost of credit card fraud in the United States is estimated to be US$50 million a day -- a staggering US$18.25 billion a year. In Canada, card fraud costs exceed CAD$8 million per day or $2.9 billion per year.
Currently, the accepted credit/debit card and online transaction fraud detection and prevention solution is the so-called 'Chip and PIN' ("C&P") which originated in the UK in 2004. C&P launched in parts of North America in 2008, but, in spite of high capital costs to implement and high expectations from financial institutions, merchants and consumers, the results have been disappointing at all levels. In 2008 APACS (Association of Payment Clearing Services) reported card-only fraud losses as a percentage of card turnover amounted to 0.12%. Prior to the introduction of C&P, this same statistic was 0.14% -- a mere 0.02% reduction in losses weighed against tens of millions in implementation costs.
VerifySmart's patent pending and PCT approved credit/debit card and online transaction fraud prevention and detection technologies meet the needs of a security challenged transaction processing industry. During alpha and beta testing, fraud loss costs were reduced to zero. At the centre of all VerifySmart solutions, and at the heart of their PCT approved pending patents, is the engagement of the mobile device. More than 4.1 billion mobile devices are currently in use globally.
About VerifySmart VerifySmart (TM) Corp designed and developed a Proprietary Hardware/Software Solution that solves Credit/Debit Card fraud by using two Factor Authentication. The Company's Core Technology is designed to meet the needs of the Security challenged Trans action Processing Industry. Present day solutions, such as Verified by Visa, Chip and Pin and CVV Code (all which can be compromised) have not reduced payment card fraud by any significant factor. The VerifySmart solution has reduced fraud to zero in initial production pilots. The Company's proven and highly scalable solution is gaining worldwide attention, placing VerifySmart at the forefront of the fraud prevention revolution. .
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(PINKSHEETS: BRYN - Bryn Resources, Inc.)
LATEST NEWS!!
BRYN Resources Inc Provides Information on the Windflower Property
TORONTO, Nov 13, 2009 -- BRYN Resources Inc (PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK). is pleased to announce the signing of the LOI on the Windflower Property with Cayenne Gold Mines Ltd.
The Joint Venture, to be entered into in furtherance of the LOI is being negotiated to process a 10,000 ton bulk sample with anticipated mineralization of not less than 0.5 oz. of gold per ton, thereafter culminating in Bryn Resources earning a 45% interest in the Windflower property. More details with respect to the potential on the Windflower property will be released subsequently.
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(PINKSHEETS: RGTX - Registered Express Corporation)
LATEST NEWS!!
Registered Express Corporation Announces Development of Its Proprietary Digital Signature Process
LAS VEGAS, Nov 12, 2009 -- Registered Express Corporation (Pink Sheets:RGTX) is pleased to announce the development of its' proprietary digital signature process that creates a seamless authentication format for users to verify their digital identity associated with any digital asset (Document or File) delivered via the Registered Express(TM) system.
With Registered Express(TM) digital signatures, a user can authorize and give evidence of a verified, time and date recorded communication. This will enhance collaboration between multiple parties and their individual accountability for work product and the enforceability of their contribution to a document. Furthermore, the RegEx(TM) digital signature format lets a qualified account holder within the RegEx(TM) system execute a digital consent that is valid and actionable.
This is the only digital signature process that allows a user to accomplish their authentication and consent to the validity of a document on a browser based system with no requirement for downloads, or pre-recorded reference of a signature and downloads that encumber the experience. Registered Express digital signatures will demonstrably accelerate the proliferation of legitimate internet content that takes authentication to the next level.
Visit the Registered Express web site at: www.registeredexpress.com for features and details.
About Registered Express(TM) Registered Express Corporation is in the principal business of marketing and deploying a registered system for the secure and verifiable delivery of electronic documents. The Company is incorporated in the State of Delaware; Registered Express(TM) is headquartered in Las Vegas, Nevada.
Registered Express(TM) is designed as an easy-to-use, web-based service that is safe, secure, reliable and able to meet the needs of the most demanding customer. The service is based on a "pay as you use" model, does not require any program downloads, is fully automated, and each transaction is fully documented throughout the process.
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Companies: Bryn Resources Inc (BRYN), Global Resource Corp (GBRC), HE-5 Resources Corp (HRRN), Mindpix Corp (MNDP), Registered Express Corp (RGTX), RnetHealth, Inc. (BRYN), Verify Smart Corp (VSMR), Verify Smart Corp (VSMRE)
Nov 13, 2009 (M2 PRESSWIRE via COMTEX) --
www.PinnacleDigest.com is a performance-driven online financial magazine and social network with a proven track record. After yesterday's news from Global Resource Corp. (PINKSHEETS: GBRC)announcing that Mr. Ken Kinsella will become the Chief Executive Officer effective immediately, our team is inviting all shareholders to their exclusive investor controlled forum. Our staff and members have requested that all Global Resource shareholders join our community and share their thoughts on the company, its development and future outlook. One of the most important aspects when we research for new investments is to understand the sentiment of the current shareholders; that is why we have released this announcement - we want to know your opinion.
Join The Global Resource Investor Discussion Here: http://www.pinnacledigest.com/company/gbrc
Join PinnacleDigest.com to
Find out if Global Resource makes it as a Pinnacle Featured Company,
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Meet the thousands of investors who have already become members of the Pinnacle community.
PinnacleDigest.com is an investment club comprised of over 15,000 members. We use all of our member's insight when selecting our next investment opportunity. Your membership is free - join today.
PinnacleDigest.com has no vested interest in the company mentioned herein. The company mentioned in this release has not compensated PinnacleDigest.com in any form to disseminate this release.
This source of information is from an unbiased perspective. If you wish to become a member of www.pinnacledigest.com you will be gaining access to articles similar to this one and many other useful services we know you will find valuable. Keeping you educated and up-to-date with the market is one of our main purposes. Our approach in achieving this goal and our ability to consistently deliver high quality investment material is what defines our business model.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
All material herein was prepared by Pinnacledigest.com (Pinnacle Digest) based upon information believed to be reliable. The information contained herein is not guaranteed by Pinnacledigest.com to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Pinnacledigest.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Pinnacledigest.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.
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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Pinnacledigest.com undertakes no obligation to update such statements.
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Tags: advisor annual report broker business community dealer executive investment investment opinion market online research securities track web
Companies: Global Resource Corp (GBRC)
MT. LAUREL, N.J., Oct 21, 2009 (BUSINESS WIRE) --
Global Resource Corporation (Other OTC:GBRC) ("GBRC"), a developer of a patent-pending microwave technology, today announced the company has entered into an agreement for the sale of a 1-ton prototype unit and the grant of a worldwide exclusive license agreement ("License Agreement") with Universal Alternative Fuels, Inc. (the "Licensee").
Under the terms and conditions of the License Agreement and Purchase Order, the Licensee is to purchase a 1-ton prototype unit for oil shale processing applications, to be developed and engineered by GBRC. The agreement calls for a total price of $3.5 million to be paid to GBRC for the unit, subject to the Purchase Order terms and conditions. Additionally, the Licensee's interests are secured by a charge over the specific technology rights related to the licensed Field of Use, oil shale and coal, and GBRC's existing development prototype unit.
GBRC will also be the exclusive manufacturer for any further units developed and commercialized by Universal Alternative Fuels, Inc. under the License Agreement. A separate announcement concerning the License Agreement has already been issued.
"We are pleased to have sold our first 1-ton prototype unit for oil shale applications," says Peter Worthington, Chief Executive of Global Resource Corporation. "The Purchase Order represents a significant step towards the ultimate scaling and full commercialization of GBRC's technology for the processing of oil shale. Our Board of Directors, management team, researchers and staff are excited to have secured the $3.5 million Purchase Order for this first manufactured unit."
The prototype will be based on the design for GBRC's existing waste tire prototype which was publicly demonstrated in May 2009. That prototype is now undergoing further test commissioning, in scaled up form, at the company's development engineering facility in Rockford, Illinois.
Worthington continued, "This is an important first for our company, providing further endorsement of GBRC's microwave technology and, specifically, it's potential for ultimate full-scale field commercialization in the oil shale field of application. Our success in executing this Purchase Order should both further prove the technical and economic benefits of GBRC's microwave technology, and assist in the commercialization of other processing applications, including for waste tires, biomass and the like."
Global Resource Corporation's proprietary technology and processes provide a highly energy efficient, emissions free way to convert a wide range of materials into higher value energy and carbon products. This includes potential feedstock conversion of scrap tires, municipal waste, tanker sludge, heavy oil, coal and shale to valuable energy and carbon products.
The terms and conditions of the License Agreement and related agreements, including the Purchase Order, have been filed via an 8-K SEC filing.
About Global Resource Corporation
Global Resource Corporation (Other OTC:GBRC) is a developer of a patent-pending microwave technology for a range of applications to such materials as waste tires, heavy oil, shale deposits, tar sands, coal, municipal solids wastes (MSW), drill cuttings and muds, and the like.
Its process produces materially more economic products at lower cost than existing or competing processes. Because the process takes place in an enclosed environment it is substantially emission-free and an efficient and cost-effective tool for cleaning relevant environmental wastes and toxic materials.
For more information visit: www.globalresourcecorp.com
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.
SOURCE: Global Resource Corporation
Global Resource Corporation Investors: Alliance Advisors, LLC Thomas Walsh Partner 212-398-3486 twalsh@allianceadvisors.net or Media: Gregory FCA Matt McLoughlin Senior Account Executive 610-996-4264 matt@gregoryfca.com
Tags: business coal energy engineering environment illinois manufacturer oil otc patent products sec technology toxic
Companies: Global Resource Corp (GBRC)
Total : 74 View more »
1. Rolls-Royce: Trusted to deliver excellence Rolls-Royce plc corporate website global leaders engineering for the aero space, defence ... Rolls-Royce wins compressor contract for new Russian-European ... www.rolls-royce.com
This redbook describes the new functions in OS/390 Release 2. It was written for systems programmers who need to understand these functions and the considerations for implementing them. Several practical examples are presented to demonstrate the use of these new functions.
http://www.redbooks.ibm.com/Redbooks.nsf/RedbookAbstracts/sg244834.html?Open
We welcome your feedback on msys for Setup. If you would like to discuss future directions or your particular needs in using msys for Setup, please contact us.
http://www-03.ibm.com/servers/eserver/zseries/msys/setup/exploiters/
Readers submitted hundreds of nominations for the 2008 competition and www.mystrongheart.com has been selected as a finalist under the Health Care category. [More]
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Global Resource Corporation has developed patent-pending* microwave technology and machinery for a range of processing applications for such materials as shale deposits and tar ...
On July 3, The Energy Blog told us about a process of turning old tires back into valuable oil and gasses. Given the problems of Peak Oil and plastic waste which can mimic almost ...
http://www.altenergystocks.com/archives/2007/07/global_resource_corporation.html
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This is the text of an email I received from a reader of my article on Global Resource Corporation (GBRC.PK). He has reason to suspect that things are much worse than just the weak ...
Though controversy about high frequency trading (HFT) dominates the news, there is no argument that algorithmic trading has become a key component of the trading arsenal of many firms. Join Progress® Apama® for a two-part Webinar Series: “Build Quickly, Run Fast.
http://www.bobsguide.com/cgi-bin/guide/event.pl?ID=bg&ev_key=1129