NEW YORK, Nov. 13, 2012 /PRNewswire/ -- Global Resource Energy Inc. (OTCQB: GBEN) -- Hampton, Virginia with a population of over 137,000 people, is "very interested" in converting to high efficient LED street lights and are reviewing the terms of Kardings' Hero© lease to own program which is designed to help municipalities transition to the more efficient energy street lights without increasing the city's budget. In many cases, transitioning can even lower the cost of operating the system while paying for the capital cost of the new system due to the extremely low operating cost of LED street lights. The City of Hampton operates approximately 11,000 street lights but is part of the Hampton Roads Greater Metropolitan Region which includes a total of seven (7) different municipalities with a population above 1.7 million people and operates in excess of 150,000 street lights in the region. This region known as the Hampton Roads Metropolitan Statistical Area (MSA) additionally includes one county in northeastern North Carolina and two counties in Virginia's Middle Peninsula. This represents a tremendous opportunity to Kardings as it could provide a strong foothold in the Eastern United States for further expansion.
The company (GBEN) is the exclusive distributor of Kardings brand LED municipal street lights. Kardings America is a licensed distributor and continues to act as the sales arm for the company.
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.
SOURCE Global Resource Energy Inc.