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Re: michlaw post# 869

Thursday, 12/20/2007 10:47:57 AM

Thursday, December 20, 2007 10:47:57 AM

Post# of 4953
I concur.
My bold below.

Quote from GBRC's December 19 press release:

Along with CEO, President and CFO Jeremy White, Warwick's management team and board of directors include Executive Vice President Jules Roy and Chief Technology Director James C. Speight.

White is currently CEO of AAA Power, Inc., Calgary, a venture company focused on new technology start ups. He has many years of experience in oil refining, exploration and development as well as mining operations in Canada.

End Quote

Quote from Warwick Communications' October 29 press release:

Effective October 23, 2007, AAA Power Inc. purchased 81% of the issued and outstanding shares of the Corporation. AAA Power Inc. is a corporation incorporated under the laws of the Province of Alberta.

End Quote

Warwick Communications' October 29 press release also refers to "...the Corporation’s 6,024,000 common shares...".

GBRC's press release says "...Warwick will give Global Resource Corp. in exchange for the license two million shares of its stock and warrants to purchase additional shares. Also, Warwick promises to purchase a minimum of one microwave machine each year for the next five years. This will total $25,000,000.00 or $5,000,000.00 per year." And later, "A member of the Global Resource Corp., board of directors will join Warwick's board upon the successful conclusion of the agreement."

This seems to have something of the character of a joint venture rather than a simple contract.

- guy6

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