UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 2, 2006
Global Resource Corporation
(Exact name of registrant as specified in its charter)
Nevada 000-50944 84-156582
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(State or other jurisdiction Commission File Number) IRS Employer
of incorporation) Identification No.)
408 Bloomfield Drive, Unit #3, West Berlin, New Jersey 08091
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (856) 767-5661
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209 Robwood Road
Baltimore, Maryland 21222
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 4.01 CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Effective November 2, 2006, the Company dismissed HJ Associates & Consultants,
LLP as Global Resource Corporation's independent accountants. HJ Associates &
Consultants, LLP audited the Company's financial statements for the three years
ended March 31, 2006, March 31, 2005 and March 31, 2004. The reports of HJ
Associates & Consultants, LLP for those fiscal years did not contain an adverse
opinion or disclaimer of opinion and were not qualified or modified as to audit
scope or accounting principles. However, the reports of HJ Associates &
Consultants, LLP for those fiscal years were qualified with respect to
uncertainty as to the Company's ability to continue as a going concern. During
the Company's two most recent fiscal years (as well as during the previous year
as well) and any subsequent period through the date of dismissal there were no
disagreements with HJ Associates & Consultants, LLP on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedures, which disagreements, if not resolved to the satisfaction of HJ
Associates & Consultants, LLP would have caused it to make reference to such
disagreements in its reports.
On November 2, 2006 the Company retained Bagell, Josephs, Levine & Company, LLC
to act as its independent accountants. The Company has authorized HJ Associates
& Consultants, LLP to discuss any matter relating to the Company with Bagell,
Josephs, Levine & Company, LLC.
The change in the Company's auditors was approved by the Board of Directors.
We did not request any answer from Bagell, Josephs, Levine & Company, LLC
regarding application of accounting principles or audit opinion type prior to
engaging them to replace HJ Associates & Consultants, LLP . Bagell, Josephs,
Levine & Company, LLC have been the accountants for Carbon Recovery Corporation
prior to the Company's acquisition of Carbon Recovery Corporation's assets and
business.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 16.2 Letter from HJ Associates & Consultants, LLP
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GLOBAL RESOURCE CORPORATION
By: /s/ Frank G. Pringle
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Dated: November 2, 2006 Frank G. Pringle