SOURCE: Global Energy Resources, Inc.

November 28, 2007 11:35 ET

Global Energy Expands Credit Line to Accommodate Additional Business

IRVINE, CA--(Marketwire - November 28, 2007) - Global Energy Resources Inc. (PINKSHEETS: GERI), a Delaware Corporation, announced today that it is drawing down on its expanded line of credit in the amount of $250,000 to increase its credit enhancement business. These funds are specifically for the use of improving its customers' credit scores utilizing GERI's credit enhancement tool.

The tool was designed to enhance customers' mortgage lending options and offer borrowers more affordable mortgages rates. "This is the first round of cash to be released for this purpose and we are very excited about the potential outcome," states Curtis Collins, GERI spokesperson. He continues, "This is a valuable service for many good customers who are basically qualified for lower mortgage rates but may have some negatives on their credit reports. The tool addresses each individual situation to more effectively manage their debt balances to increase FICO scores and results in better loan opportunities."

"Our credit tool system offers a method whereby customers' credit reports are analyzed and partial debt reduction, using these funds, is managed to rapidly improve their credit scores. We are incorporating this tool in order to achieve the lowest mortgage rates for our customers and to get them into rates they can afford. Once we are able to process their information, more options for mortgages rapidly become available that would not exist without it and most importantly, is it helps to achieve the best and fastest way to improve credit scores. In the past, it was frustrating when you wanted to help good customers with limitations that put them to higher rates they cannot afford. With the options for lower rates that better fit their budget the chance of defaults is also reduced and gives us a much larger customer base," Collins commented.

GERI's Financial Division offers a mortgage warehouse line utilized by mortgage brokers and certain lending groups to finance their clients' mortgage lending needs. GERI's Finance division also 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 provides 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.

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