Mobilestream Oil Retains Valuation Expert
2006年11月13日 - 9:10PM
PRニュース・ワイアー (英語)
WEST BERLIN, N.J., Nov. 13 /PRNewswire-FirstCall/ -- Mobilestream
Oil, Inc. (OTC:MSRM.PK) (BULLETIN BOARD: MSRM.PK) announced that it
has retained the services of Corporate Valuation Advisors, Inc. to
provide a fairness opinion on the planned transaction between
Mobilestream Oil and Global Resource Corp (OTC:GBRC) (BULLETIN
BOARD: GBRC) . The transaction will involve the purchase of all
Mobilestream Oil's assets by Global Resource Corp. in exchange for
shares of Global Resource Corp.'s common stock. Global Resource
currently holds a license for the use of Mobilestream Oil's
technology. Corporate Valuation Advisors, Inc. will review the
proposed consideration to be paid by Global Resource Corp. for
Mobilestream Oil's assets to ensure that Mobilestream Oil's
shareholders receive fair value. The fairness opinion will be based
upon the relative value of each of Mobilestream's assets and the
shares of Global Resource to be received in exchange for those
assets. The valuation will involve the application of customary
valuation procedures and policies. James Volkman, ASA, a principal
shareholder of Corporation Valuation Advisors, will manage the
research and fairness opinion. Mr. Volkman is a Senior Member of
the American Society of Appraisers and has more than 20 years of
experience in the valuation of closely-held stock interests. About
Mobilestream: Mobilestream Oil, Inc., which has licensed its
technology to Global Resource Corporation (GBRC), is an innovative
oil and natural gas exploration company focused on using our
proprietary technologies for reverse polymerization and pyrolysis
of materials and to maximize the output of under- utilized and
non-producing oil wells in order to squeeze out every last ounce of
production. Increasing prices continue to make primary and less
conventional methods for extracting oil more cost-effective, and
while Mobilestream Oil is relatively small compared to some of the
larger players in the industry, our size is our advantage as we
feel we can more quickly and effectively capitalize on expeditious
opportunities. Using these same proprietary technologies,
Mobilestream has successfully broken down tires into the tires'
component parts, capturing for resale virtually all of the raw
materials used to manufacture the tires. Contact: Mobilestream Oil,
Inc. Phone: (856) 767-2450 Fax: (856) 767-2490 This news release
contains forward-looking statements regarding Mobilestream's
business strategies and future plan of operations. Forward- looking
statements involve known and unknown risks and uncertainties. The
company's risk and uncertainties include: intense price
competition, economic, political and regulatory uncertainties, and
the need to raise additional capital for growth and expansion. The
forward-looking statements contained in this news release speak
only as of the date hereof and Mobilestream disclaims any
obligation to provide public updates, revisions or amendments to
any forward-looking statements made herein to reflect changes in
Mobilestream's expectations or future events. DATASOURCE:
Mobilestream Oil, Inc. CONTACT: Mobilestream Oil, Inc.,
+1-856-767-2450, Fax: +1-856-767-2490, Web site:
http://www.mobilestreamoil.com/
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