BB's Stock Haven

[barrels]

144 MILLION DOLLAR credit facility
http://gericompanies.com/

in one division only and it trades at 7 cents???

DEBT FREE COMPANY !!!

huston we have a problem or what?



GERI -- Global Energy Resources, Inc.
Com ($0.0001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Global Energy Announces Expansion of Its Mortgage Network

NEWPORT BEACH, CA, Jan 10, 2006 (MARKET WIRE via COMTEX) -- Global Energy Resources Inc. (OTC: GERI), a Delaware Corporation, announced today that its Financial Division mortgage services has signed an agreement with Camden Mortgage Company to submit $12 million per month into GERI's lending line of credit, effective immediately.

"We are very pleased to have entered into the agreement with Camden Mortgage Company and anticipate continued growth for both companies as a result. This supports GERI's rapid expansion to submit loans totaling an average of $4 million USD a day into our warehouse lending line of credit," stated Chris Butchko.

GERI's warehouse line is an integral part of its Finance Division and is utilized by mortgage brokers and certain lending groups to finance their clients' mortgage lending needs. GERI's Finance division provides wholesale lending services for the commercial, residential, construction and timeshare industries utilizing a warehouse line of credit. In addition, the finance division has marketing arrangements with major banks and mortgage banks to provide high-level customer service and technologies to solve lending needs. The division has recently begun to provide rapid response electronic processing of paperwork associated with its lending service.

About Global Energy Resources Inc.:

Global Energy Resources Inc. is a Delaware corporation with branch offices in Irvine, Calif., New York and Verona, Italy. Global Energy is expanding its business operations specifically in the areas of distribution, finance and energy.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

Contact:
Global Energy Resources Inc.
Susan Steffens
1-949-209-8702
[e-mail]

SOURCE: Global Energy Resources Inc.

CONTACT: mailto:[e-mail]