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Global Resource Energy Announces Intent to Sell Partial Interest in Its Exclusive North American Master Distributor Agreement for Clean Energy High Efficiency LED Street Lighting

LAS VEGAS, NV -- Global Resource Energy, Inc. (OTCQB: GBEN) ("Global," "Global Resource" or the "Company"), a development stage company engaged in the clean technology fuel cell sector, is pleased to announce further expansion into clean energy by signing a Letter of Intent to sell 49% of its exclusive North American Distribution of CLED Street Lights Rights to Balon Bleu Holdings LLC.

Global Resource Energy Inc.'s President, Robert Baker, states, "This Letter of Intent for a 49% purchase of the Company's Exclusive North American Rights of the CLED Street Lights provides capital and additional resources for the Company's entry into the North American Market with CLED Street lights."

Under the terms of the agreement Balon Bleu Holdings, a Nevada LLC, will pay an immediate deposit of $50,000 to the Company and $50,000 every month over the next five months for a total of $300,000 USD to earn a 49% assignment of interest for the North American Rights to the highly efficient CLED Street Lighting system.

Kardings America has assigned to Global Resource Energy Inc. on January 26, 2012 its distribution agreement with the Chinese manufacturer The Dongguan City CLED Optoelectronic Co. Ltd. for the distribution of LED Street Lights, Solar LED Street Lights, LED Tunnel Lights, LED Flood Lights, LED High Bay Lights, LED High Mask Lights, LED Garden Lights, Light Sourcing and all Indoor Lighting sold and exported by Dongguan with their trademark CLED.

This distribution agreement will allow Global Resource Energy Inc. to undertake the business operations of supplying highly efficient LED street lighting to municipalities throughout North America through the Company's exclusive North American distribution agreement. The Company has the exclusive rights to market, sell and distribute the most efficient and long lasting street lights to municipalities, cities and counties throughout the United States and Canada.

Additionally the Company will provide the service to help guide municipalities through complex negotiations with utilities and with installation contractors to help maximize the cost savings of upgrading.

The company 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 and other efficient green 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 the awarding of research funds, the amounts and timeframe related to such funding, terms, conditions and commercial agreements related to the awarding of research funding including eventual ownership and licensing of any results, 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.

 


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This website contains archived press releases for Global Resource Energy, Inc.. (The “Company”). The information in the archived press releases herein are for Global Resource Energy, Inc.. and are a historical record which have not been updated and are current only as of the date of each publication. As such, the information in these news releases may no longer be accurate and you should not rely on the information contained in these news releases. To the extent permitted by law, the Company, its employees, agents and affiliates exclude all liability for any loss or damage arising from the use or reliance of any such information, whether caused by negligence or omission.