LAS VEGAS, NV, Jul 19, 2012 -- Global Resource Energy, Inc. (OTCQB: GBEN) (PINKSHEETS: GBEN) ("Global," "Global Resource" or the "Company"), a development stage company engaged in the clean technology development sector is pleased to announce that under its executed agreement with the Licensor of the MyCroft technology, a demonstration MyCroft fuel cell should be available for potential sublicensing validation and testing within approximately 120 days subject to the completion of customary commercial provisions related to the closing of the License.
There have already been multiple queries and requests for possible sublicensing opportunities aimed at commercial development of the technology into varying electrical generation and storage applications. As a result, the Board has determined that upon completion of the demonstration prototype, to allow potential sub-licensees to validate the MyCroft technology and determine its suitability as a power source for their particular needs.
Requests for visits and prototype validation should be made via email to Global Resource Energy (info@global-resource-energy.com) and select appointments will be scheduled with qualified parties as soon a practicable.
Global Resource believes MyCroft has the potential to revolutionize the fuel cell sector through the advanced development of its innovative closed loop hydrogen technology which offers electrical generation solutions for a wide variety of uses. The Company further anticipates the ability to schedule qualified equipment and service vendors with an opportunity to view a system capability demonstration. Subsequently, the Company intends to work with potential vendors, sub-licensees and potential customers to design, engineer and develop suitable MyCroft solutions specific to their particular application demands.
Further information regarding the Company, the fuel-cell industry and the MyCroft technology is available on the Company's website at: www.global-resource-energy.com.
The Company also invites interested members of the public to contact its investor relations representatives in order to sign up for future notifications as they occur. Please feel free to take advantage of this service by simply sending an email to investors@global-resource-energy.com in order to be added to our exclusive news alert list.
As part of the Company's public disclosure as a reporting issuer, additional details of the Company's business, finances, appointments and agreements are filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit: www.global-resource-energy.com.
About Global Resource Energy, Inc. (OTCQB: GBEN) Global Resource Energy is a development stage clean technology company interested in the development and commercialization prospects of new and innovative fuel cell technologies aimed at creating a safer and cleaner environment while improving the health of the domestic economy. Sustainable growth is the cornerstone of the Company's mandate and vision and Management embraces the convergence of environmental solutions and economic viability as a yardstick for stakeholder success. Find out more at www.global-resource-energy.com.
Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release that 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, reference to new technologies, timelines and methods, as well as financial projections for the size of the potential market. 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 new technologies, projects and development stage 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 any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any 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 quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact: CCIR Group Toll Free: +1.855.532.4270 (US and Canada) Email: investors@global-resource-energy.com Website: www.global-resource-energy.comSOURCE: Global Resource Energy
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