Global Resource Energy Inc. negotiated an extension on its agreement with Patedma Group Corp., to extend the exclusive distribution agreement for LED street lighting. This extension will allow the company to continue selling under Patedma's license agreement and will further solidify the company in the LED street light industry. The company has also signed a purchase agreement which transfers the beneficial rights to the company (GBEN), permanently.

Included in this agreement is the purchase of the Kardings America brand name and identity which is well established in the industry.