Global Resource Energy Inc. Announces Strategic Partnership

NEW YORK, Sept. 20, 2012 /PRNewswire/ -- The company (OTCQB: GBEN) is pleased to announce that its affiliate, Kardings America, has entered into a strategic partnership with Pacific Coast Agency Lighting of Vancouver, Canada. Pacific Coast Agency is an indoor lighting distributor and represents more than 15 different brands and specializes in providing complete solutions to companies looking to reduce lighting costs by switching to efficient, green technologies. Kardings intends to formalize its partnership with Pacific Coastal Agency in the coming weeks. Kardings will continue to work with Pacific Coast Agency to further acquire business in the Interior LED lighting industry, and industry that is growing at over 40% per year worldwide.

The same supply conditions that reduced the price of LEDs increased the demand for packaged LEDs in lighting applications from $1.2 billion in 2010 to $1.8 billion in 2011. System efficacy, rather than LED efficacy, was the gating factor in 2011. The LED luminaire and replacement lamp market was $9.3 billion in 2011, an increase of 45% over 2010. The market for LEDs in lighting is expected to demonstrate substantial unit growth over the next five years, but revenue growth may be lower due to pricing pressure although margins can be maintained due to reducing costs of raw materials.

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.  

The company (GBEN) currently holds the exclusive license on the sale and distribution of CLED street lights manufactured for Kardings in Dongguan City, China and is negotiating with Patedma Group Corp, owner of the Kardings America brand, to further strengthen its partnership.

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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SOURCE Global Resource Energy Inc.