GlobaFone Agrees to Include SatMAX(R) Equipment in the GSA Schedule 70 Program
HOUSTON, TX--(Marketwire - 12/07/09) - SatMAX Corp. (Pinksheets:SATM - News), a leading global provider of wireless, non-line-of-sight satellite communications products and services to the $46 billion ground-based satellite communications industry, announced today a new reseller agreement with Portsmouth, NH-based GlobaFone. GlobaFone (http://www.globafone.com) was recently awarded United States General Services Administration contract number GS-35F-0074W within the Schedule 70 program (http://bit.ly/CjFrx). Under the GSA contract, GlobaFone is offering the US-made Iridium products, services and accessories, including the SatMAX� line of satellite communications extenders to U.S. governmental departments and agencies. GlobaFone currently provides Iridium and INMARSAT satellite communications services to dozens of Federal Agencies. GlobaFone has also agreed to resell SatMAX� advanced satellite communications systems to its Iridium- and Inmarsat-user customers.
"SatMAX� is unlike anything else available in the market. We are very excited about our new partnership with GlobaFone," said Ken Carlsen, Technology Director of SatMAX Corp. "We anticipate strong customer response from both Iridium, as well as non-Iridium satellite communications customers."
SatMAX� is an advanced communications system that enables users to quickly and easily make fully wireless, satellite voice and data communications available from any non-line-of-sight location. With SatMAX�, customers have the ability to access dependable and uninterrupted satellite communication from indoor locations. Available as both fixed and mobile units, SatMAX� creates a satellite communications "hotspot," allowing maximum flexibility by enabling multiple callers to use Iridium-based satellite phones in both indoor and outdoor settings.
VOD Newswire Video Format: http://vodnewswire.com/vodnewswire/news/satmax-corp-20091207/
About SatMAX
SatMAX Corporation is dedicated to providing global wireless, non-line-of-sight, satellite voice and data communications links to government, military, and commercial and industrial customers. For more information, please visit www.echosatcom.com; or view our product information video at www.angelvisiontech.com/clients/echo_satellite.
About GlobaFone
Now in its 12th year GlobaFone of Portsmouth, NH is an award-winning satellite communications Service Provider to Federal, State and Local Governments, as well as corporate clients. GlobaFone's solutions include cellular service for lease with roaming in over 200 countries as well as local cellular service in numerous locations and five brands of satellite communications. They provide their services to clients across the US as well as internationally. For more information please visit www.satellitephonestraighttalk.com.
Forward-Looking Statements
Certain statements contained in this release issued by SatMAX Corporation (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
Tuesday, December 8, 2009
Sunday, December 6, 2009
Juniper Group Announces Substantial Rise in Revenue Numbers Due to Opening of Chicago Market
BOCA RATON, Fla.--(BUSINESS WIRE)--Juniper Group, Inc. (OTCBB:JUNP - News) was pleased to announce today that it had achieved a substantial rise in revenues for the months of October ’09 and November ’09.
The company had reported revenues for the first three quarters of 2009 at $211,000. Unaudited October revenues are reported as approximately $248,000, surpassing the previous nine months combined. Further, it is expected that the revenues for November will be approximately 150% greater than those in October.
Vlado P. Hreljanovic, President and CEO said, “Obviously we are delighted with the growth we are witnessing. I believe this is due in large part to the opening of the Chicago market for a very well respected national client, which is a major accomplishment. We have worked diligently to provide complete customer satisfaction, and as such, have been awarded numerous projects in and around the Chicago area. Again, my appreciation goes out to our technicians and administrators for their continued exemplary work.”
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, statements regarding estimated revenues. All forward-looking statements in this press release are made as of the date of this press release, and Juniper assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
The company had reported revenues for the first three quarters of 2009 at $211,000. Unaudited October revenues are reported as approximately $248,000, surpassing the previous nine months combined. Further, it is expected that the revenues for November will be approximately 150% greater than those in October.
Vlado P. Hreljanovic, President and CEO said, “Obviously we are delighted with the growth we are witnessing. I believe this is due in large part to the opening of the Chicago market for a very well respected national client, which is a major accomplishment. We have worked diligently to provide complete customer satisfaction, and as such, have been awarded numerous projects in and around the Chicago area. Again, my appreciation goes out to our technicians and administrators for their continued exemplary work.”
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, statements regarding estimated revenues. All forward-looking statements in this press release are made as of the date of this press release, and Juniper assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
CAVU Resources, Inc. and Allied Energy, Inc. Complete $.49 Million Pipeline Contract
TULSA, OK--(Marketwire - 12/04/09) - CAVU Resources, Inc. ("CAVU"), which trades as (Pinksheets:CAVR - News), announced today that the Company has completed a $.49 million contract from Allied Energy, Inc. to lay approximately 6 miles of pipeline, which creates numerous future drill-site locations and connects six existing Allied wells including the R. Minor #1 and #1A to the main gas line. The contract called for CAVU to build a pipeline from one of Allied's natural gas fields and connect it to another gas field where Allied Gas Transmission, a majority owned subsidiary of Allied Energy, Inc., has a compressor station, master meter, gas processing equipment and gas tap directly into a gas pipeline that feeds into a local power plant.
CAVU submitted a bid to Allied Energy in April 2009 and was asked to detail several different routes and options. After working closely with senior management from Allied Energy over the course of several months, CAVU secured the contract. The bulk of the field work involves trenching, laying of lines. Working with Allied's wholly owned subsidiary Allied Operating, LLC, the last phase that included boring roads and tying in the connection lines on the project was recently completed.
"We believe this contract speaks volumes about the quality of both companies' field teams," said William Robinson, President of CAVU Resources, Inc. "When a company of Allied's caliber selects you for one of their critical projects, I think it is a very good compliment. We look forward to helping Allied make this major leap forward in its field development plan," he continued.
"We also think that there is also the additional benefit of other companies in the area seeing the work we do and contacting us for bids on projects they may have," added Robinson. "With the recent rebound in oil prices and the optimistic outlook for gas, work is starting to pick up in the oil patch and we think we'll start seeing bids for drilling and field services."
About Allied Energy, Inc.
Allied Energy, Inc. is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company relies upon its industry partners, well operators, geologists, petroleum engineers, recommendations from third parties and financial experts whose combined industry experience is essential to the success of each project. Allied Energy's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.
The Company has more than 6,000 acres under lease, more than 70 wells under development (128 +/- well-bores under control) and continues to build its own gas line infrastructure system in Rogers County to maximize its price for gas at the wellhead. Allied and its partners are also participating in oil and gas projects located in Leon County, Texas, Morgan County, Colorado and Washington/Athens Counties, Ohio.
The Company has a wholly owned subsidiary, Allied Operating LLC, including a field office, ten (10) employees and various equipment located in Oolagah, Oklahoma. Allied Operating supervises the Company's field operations (120 +/- well-bores) located in Rogers and Pawnee Counties, Oklahoma. Earlier this year, Allied Energy, Inc. formed Allied Gas Transmission, a majority owned subsidiary, also located in Rogers County, Oklahoma. Allied Gas Transmission is currently developing a gas pipeline / transmission system in Rogers County. The Company's audited financial statements can be viewed at www.alliedenergy.com or www.pinksheets.com
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a 'CAVU' day then it meant ceiling and visibility unlimited. The founders of CAVU Resources chose the name CAVU because they believe that the Company will be the embodiment of its name. CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado and Texas. The Company also owns two pipelines in its area of operations which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment. CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil and natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., providing natural gas delivery and marketing thru its own pipelines, CAVU Operating Company, LLC managing the company's properties and targeted leases in Oklahoma, Texas, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, Solar and security, taking advantage of the changing environment and in the world's need for new, green and innovative resources.
More information is available at the company's website at http://www.cavu-resources.com.
Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
CAVU submitted a bid to Allied Energy in April 2009 and was asked to detail several different routes and options. After working closely with senior management from Allied Energy over the course of several months, CAVU secured the contract. The bulk of the field work involves trenching, laying of lines. Working with Allied's wholly owned subsidiary Allied Operating, LLC, the last phase that included boring roads and tying in the connection lines on the project was recently completed.
"We believe this contract speaks volumes about the quality of both companies' field teams," said William Robinson, President of CAVU Resources, Inc. "When a company of Allied's caliber selects you for one of their critical projects, I think it is a very good compliment. We look forward to helping Allied make this major leap forward in its field development plan," he continued.
"We also think that there is also the additional benefit of other companies in the area seeing the work we do and contacting us for bids on projects they may have," added Robinson. "With the recent rebound in oil prices and the optimistic outlook for gas, work is starting to pick up in the oil patch and we think we'll start seeing bids for drilling and field services."
About Allied Energy, Inc.
Allied Energy, Inc. is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company relies upon its industry partners, well operators, geologists, petroleum engineers, recommendations from third parties and financial experts whose combined industry experience is essential to the success of each project. Allied Energy's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.
The Company has more than 6,000 acres under lease, more than 70 wells under development (128 +/- well-bores under control) and continues to build its own gas line infrastructure system in Rogers County to maximize its price for gas at the wellhead. Allied and its partners are also participating in oil and gas projects located in Leon County, Texas, Morgan County, Colorado and Washington/Athens Counties, Ohio.
The Company has a wholly owned subsidiary, Allied Operating LLC, including a field office, ten (10) employees and various equipment located in Oolagah, Oklahoma. Allied Operating supervises the Company's field operations (120 +/- well-bores) located in Rogers and Pawnee Counties, Oklahoma. Earlier this year, Allied Energy, Inc. formed Allied Gas Transmission, a majority owned subsidiary, also located in Rogers County, Oklahoma. Allied Gas Transmission is currently developing a gas pipeline / transmission system in Rogers County. The Company's audited financial statements can be viewed at www.alliedenergy.com or www.pinksheets.com
About CAVU Resources, Inc.
During World War II, Navy fighter pilots would look up at the sky and if it was a 'CAVU' day then it meant ceiling and visibility unlimited. The founders of CAVU Resources chose the name CAVU because they believe that the Company will be the embodiment of its name. CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado and Texas. The Company also owns two pipelines in its area of operations which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment. CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil and natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., providing natural gas delivery and marketing thru its own pipelines, CAVU Operating Company, LLC managing the company's properties and targeted leases in Oklahoma, Texas, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, Solar and security, taking advantage of the changing environment and in the world's need for new, green and innovative resources.
More information is available at the company's website at http://www.cavu-resources.com.
Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Thursday, December 3, 2009
Trend Exploration Signs LOI to Acquire Preferred Distribution, Inc., a Revenue Generating Distributor of Medical, Dental and Health & Beauty Products
ATLANTA, GA--(Marketwire - 12/03/09) - Trend Exploration, Inc. ("TRDX" or the "Company") (Pinksheets:TRDX - News) today announces it has signed a Letter of Intent ("LOI") to acquire 100% of Preferred Distribution, Inc., a distributor of medical, dental and health & beauty products ("Preferred").
Preferred is a revenue generating company based in the Mineola, NY. Preferred's dental products division is marketed through its website, www.preferreddist.com.
The Company feels confident in its efforts to close this acquisition transaction on a short timeline.
ABOUT TRDX
TRDX is a company focused on building a leading holding company for medical, dental and bio tech products and services.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological or industry changes and uncertainties related to the development of the Company's business model. The actual results the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
Preferred is a revenue generating company based in the Mineola, NY. Preferred's dental products division is marketed through its website, www.preferreddist.com.
The Company feels confident in its efforts to close this acquisition transaction on a short timeline.
ABOUT TRDX
TRDX is a company focused on building a leading holding company for medical, dental and bio tech products and services.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological or industry changes and uncertainties related to the development of the Company's business model. The actual results the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
Bio-Clean, Inc. Announces Launch of Bio-Clean Commercial Grade Organic De-Greaser with Live Microbes
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Bio-Clean, Inc. (OTCBB: BOCL - News) (“Bio-Clean” or the “Company”) (www.biocleanbocl.com), announced that it has committed to a definitive planned launch of what the Company believes to be the most effective organic de-greaser available.
Independent tests of Bio-Clean Organic De-Greaser in commercial oil and grease removal clean up have indicated that this product is more effective than all others currently for sale. Initial shipments of Bio-Clean Organic De-Greaser will commence in early 2010.
Bio-Clean Organic De-Greaser (www.biocleanBOCL.com) is an all natural solution which contains live microbes as the active agent used to break down oil, grease, and other organic and synthetic lubricant in clean up situation without negative environmental impacts while ensuring personal safety.
“We believe that the effectiveness of Bio-Clean De-Greaser will allow our Organic De Greaser to become a substantial competitor in this multi-billion dollar market and that it will become a commercial staple,” stated CFO Dale Paisley.
ABOUT Bio-Clean, Inc. (OTCBB: BOCL - News)
Bio-Clean distributes line of industrial cleaners and restoration products that are a blend of biodegradable, heavy duty surfactants and “LIVE” naturally occurring microbes.
Bio-Clean will donate 10% of its sales to the Wounded Warrior Foundation www.woundedwarrior.com. The mission of the Wounded Warrior Project is to assist wounded U.S. servicemen and women.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with cleaning fluid and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Independent tests of Bio-Clean Organic De-Greaser in commercial oil and grease removal clean up have indicated that this product is more effective than all others currently for sale. Initial shipments of Bio-Clean Organic De-Greaser will commence in early 2010.
Bio-Clean Organic De-Greaser (www.biocleanBOCL.com) is an all natural solution which contains live microbes as the active agent used to break down oil, grease, and other organic and synthetic lubricant in clean up situation without negative environmental impacts while ensuring personal safety.
“We believe that the effectiveness of Bio-Clean De-Greaser will allow our Organic De Greaser to become a substantial competitor in this multi-billion dollar market and that it will become a commercial staple,” stated CFO Dale Paisley.
ABOUT Bio-Clean, Inc. (OTCBB: BOCL - News)
Bio-Clean distributes line of industrial cleaners and restoration products that are a blend of biodegradable, heavy duty surfactants and “LIVE” naturally occurring microbes.
Bio-Clean will donate 10% of its sales to the Wounded Warrior Foundation www.woundedwarrior.com. The mission of the Wounded Warrior Project is to assist wounded U.S. servicemen and women.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with cleaning fluid and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Wednesday, December 2, 2009
Trend Exploration Signs LOI to Secure Rights of Dental Kit Product
ATLANTA, GA--(Marketwire - 12/02/09) - Trend Exploration, Inc. ("TRDX" or the "Company") (Pinksheets:TRDX - News) today announces it has executed a Letter of Intent ("LOI") to secure the rights of an emergency dental kit product which contain a wide variety of dental treatments for emergency situations (www.dentalkit.com).
A definitive agreement and subsequent closing of this transaction is expected shortly.
ABOUT TRDX
TRDX is a company focused on building a leading holding company for medical, dental and bio tech products and services.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological or industry changes and uncertainties related to the development of the Company's business model. The actual results the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
A definitive agreement and subsequent closing of this transaction is expected shortly.
ABOUT TRDX
TRDX is a company focused on building a leading holding company for medical, dental and bio tech products and services.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological or industry changes and uncertainties related to the development of the Company's business model. The actual results the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
Tuesday, December 1, 2009
Global Resource Corporation to Be Granted Patent for Microwave-Process Technology
MT. LAUREL, NJ--(Marketwire - 12/01/09) - Global Resource Corporation (Pinksheets:GBRC - News), a development-stage company focused on energy-efficient microwave-based technologies for recycling tires, upgrading petroleum products and converting other materials to higher value hydrocarbon-based fuels or carbon materials, today announced that the U.S. Patent and Trademark Office will issue U.S. Patent No. 7,629,427 to Global Resource. This issue is for the technology that is the core of the Company's first product, the Patriot 2(TM) Tire-to-Fuel Oil Recycling System, in addition to other potential future applications. The patent will be issued on December 8, 2009.
"We are pleased to be recognized by the U.S. Patent and Trademark Office for our pioneering work in this area," says Mr. Ken Kinsella, CEO of Global Resource. "In granting us this patent, the patent office recognizes that our microwave technology is new and non-obvious in view of all known previous technologies. This patent reinforces Global Resource's position as the technology leader in the waste to high-end commodity and energy sector. We are thrilled to be granted this U.S. patent as it will provide us with an absolute advantage in commercializing our technology."
The patented technology uses high-frequency microwaves in the electromagnetic spectrum between 4 gigahertz and 18 gigahertz to convert tires and other carbon based materials, such as plastics, heavy oil, tanker sludge, shale oil, drill cuttings and other waste products to carbon black, other high value carbon products, fuel oil, and natural gas. A complete description of the patented technology is available through the website of the U.S. Patent and Trademark Office.
Mr. Kinsella concluded, "As the new CEO I am pleased with the hard work and dedication the Global Resource team performed in securing this patent. We are pleased by the breadth of protection provided by this patent and with our ongoing technology development activities directed towards converting multiple feedstocks into high value carbon products. The issuance of the patent is a major step in enhancing value for our loyal shareholders. We have filed for additional patents and intend to file continually for additional patents as we advance our technology and move the company forward."
About Global Resource Corporation
Global Resource Corp. (Pinksheets:GBRC - News) is a developer of a patent microwave technology and machinery to extract 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 substantially 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 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.
"We are pleased to be recognized by the U.S. Patent and Trademark Office for our pioneering work in this area," says Mr. Ken Kinsella, CEO of Global Resource. "In granting us this patent, the patent office recognizes that our microwave technology is new and non-obvious in view of all known previous technologies. This patent reinforces Global Resource's position as the technology leader in the waste to high-end commodity and energy sector. We are thrilled to be granted this U.S. patent as it will provide us with an absolute advantage in commercializing our technology."
The patented technology uses high-frequency microwaves in the electromagnetic spectrum between 4 gigahertz and 18 gigahertz to convert tires and other carbon based materials, such as plastics, heavy oil, tanker sludge, shale oil, drill cuttings and other waste products to carbon black, other high value carbon products, fuel oil, and natural gas. A complete description of the patented technology is available through the website of the U.S. Patent and Trademark Office.
Mr. Kinsella concluded, "As the new CEO I am pleased with the hard work and dedication the Global Resource team performed in securing this patent. We are pleased by the breadth of protection provided by this patent and with our ongoing technology development activities directed towards converting multiple feedstocks into high value carbon products. The issuance of the patent is a major step in enhancing value for our loyal shareholders. We have filed for additional patents and intend to file continually for additional patents as we advance our technology and move the company forward."
About Global Resource Corporation
Global Resource Corp. (Pinksheets:GBRC - News) is a developer of a patent microwave technology and machinery to extract 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 substantially 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 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.
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