Global Resource Energy Inc. - Lehigh County, PA Announces Plans to Retrofit to LED

NEW YORK, Nov. 19, 2012 /PRNewswire/ -- Global Resource Energy Inc. (OTCQB: GBEN) -- In an article in the Morning Call, officials in Lehigh, Pennsylvania have been discussing switching from High Pressure Sodium (HPS) lighting for highways and interchanges to brighter and more efficient LED lighting over the past year and have decided to begin taking the necessary steps to make the transition. General Services Director Glenn Solt said officials have been working on the proposal with PennDOT, and with PPL Corp., which might be able to provide energy-saver rebates to the county in connection with the upgrade. Kardings will be putting together a proposal for the region that will outline additional incentives to further the project.

"We hope to use a combination of liquid fuel funds [from gasoline taxes] and energy rebates from PPL to help finance the pilot project," Solt said. Preliminary estimates peg the cost at just under $100,000 to change out the 89 high-pressure sodium bulbs at the interchange; if this proves a smooth road, the Airport Road interchange could follow, with its 120 lights, for about $132,000, according to rough estimates.

If the plan stays on the road, the two Valley interchanges could be the first in the state to get LEDs. "Currently there are no interchanges that PennDOT is involved in that are illuminated with LED lighting," PennDOT spokesman Ron Young wrote in an email.

Solt said he passes an interchange with LEDs on regular family trips to Virginia, on Interstate 83 near I-695, and has been impressed by the lighting quality. "The difference is remarkable," he said, the LEDs producing "a much brighter, cleaner, crisper light" than standard-model bulbs, while power consumption is halved, and maintenance and overall life-cycle costs also are greatly reduced, he said.

Kardings is a multi-national green energy company designed to help bring eco-friendly technology to the market. Kardings offers LED Street Lights to all municipalities and can access a special fund called The Hero© program which was established specifically for green initiatives in municipalities. The lighting systems are highly efficient, dependable and come with the best warranties available in the industry. In most cases a city, town or village may retrofit to energy efficient led street lighting at no increased cost and may even put money back into municipal budgets. Kardings' website is www.kardings.com.

Safe Harbor Act Notice:

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission.  Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

On behalf of the Board of Global Resource Energy Inc.

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Global Resource Energy Inc.
investors@global-resource-energy.com
www.global-resource-energy.com

SOURCE Global Resource Energy Inc.



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