SOURCE: Global Energy Resources, Inc.

August 27, 2007 11:55 ET

Global Energy Resources Expands Services and Equity in Healthcare

IRVINE, CA--(Marketwire - August 27, 2007) - Global Energy Resources Inc. (PINKSHEETS: GERI), a Delaware Corporation, announced today it has agreed to a strategic alliance and acquired an equity position in Patient Access Solutions (PAS). GERI will provide merchant banking capabilities to PAS in addition to expansion and marketing of PAS services to the healthcare industry. PAS provides business process and systems solutions in healthcare provider, hospital and dental offices.

"Patient Access Solutions (PAS) brings extensive experience in working with healthcare providers, hospitals and administrators and aspires to redefine and transform how information is used to make decisions in the healthcare industry. By enabling healthcare providers, at all levels, to instantly access key data from a web based portal solution, without the aid of computer programmers, the industry can be empowered to achieve greater administrative insight, productivity, effectiveness and benefit its patient care as well," states Curtis Collins, GERI spokesperson.

"It has been demonstrated that healthcare providers can improve their cash flow, reduce delays and expenses, decrease claims denials and improve staff efficiency at the same time," Collins continues. "The benefit of having the ability to instantly access a patient's healthcare profile, history, co-pay profile and up-to-date status with their healthcare provider allows the entire system to better serve patient needs while it improves the healthcare provider's bottom line. This arrangement now adds GERI's merchant banking capabilities to PAS services and will allow healthcare providers and patients to instantly complete the co-pay process." he states.

According to GERI management, the agreement between GERI and PAS in an important step in the expansion of the GERI umbrella. Through GERI's management's numerous long standing relationships with major healthcare providers, expansion of the PAS footprint has begun. GERI recently tested PAS services with a major medical group as a potential new PAS client and found that significant improvements were demonstrated on all desired levels. As a result, GERI's management believes the ability to access this information has great overall potential to improve patient care and healthcare profitability.

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.

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.

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 Information

  • Contact:
    Global Energy Resources Inc.
    Susan Steffens
    1-949-209-8702
    Email Contact