Global Resource Corp., West Berlin, N.J., (OTC: GBRC) has named Eric Swain chief executive officer.  Swain was with Morgan Stanley and began his Wall Street career in 1982.  During the past 26 years, he has held executive positions with several Wall Street firms, including Smith Barney Citigroup Capital Markets, Bear Stearns and First Institutional Securities Corp/Glickenhaus.

Global Resources has developed a patent-pending microwave technology that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottom.

“The alternative-energy industry is one of the hottest sectors in the world. The industry is in the process of building a portfolio of alternative energy sources and GBRC’s microwave technology will be one of them,” Swain says. “I believe that Global Resource’s microwave technology will prove itself as a leading economic and environmentally commercial energy source.” JAS