Hunt Global (OTC:HGCO) Going Greener with Acquisition

Hunt Global Resources (OTC:HGCO) announced today in a press release that it signed a Share Purchase Agreement & Plan of Merger with the shareholders of Carbon Green NA, Inc. which will become a wholly owned subsidiary of Hunt Global Resources, Inc. Shares of Hunt Global closed yesterday at $2.90 per share and have an average volume per day of nearly 9,000 shares. The company has a market cap of $98 million and a 52-week range between $0.65 and $3.25 per share.

The assets acquired in the transaction include an operating tire recycling plant located in the country of Cyprus, which is currently the world’s largest commercially operating “pyrolysis” plant, plus license agreements and worldwide patents for the only proven method of recycling 100% of scrap tires with a near zero carbon footprint. Also, existing license agreements call for Hunt to receive $2 million dollars per year for 5-years beginning this year from licensees (who would otherwise forfeit licenses), and added royalties projected to be $60 million by year end 2011, if sales and construction goals are met by licensees.

“This acquisition enhances our position as a renewable energy company by supplying an additional and proprietary source of feedstock for our Biofuels division,” said George T. Sharp, CEO of Hunt Global Resources Inc. “Carbon Green answers the growing environmental problems caused by hundreds-of-millions of waste tires that end up in landfills and are polluting our environment by being burned as industrial fuel, which pollutes the air and tires that are shredded for use in asphalt, which pollutes ground water. We plan on beginning construction of our first North American Carbon Green plant this year in Houston, Texas,” added Mr. Sharp.

“The Carbon Green system was created during a 5-year span of developing, testing, patenting and building a fully operational system that breaks-down, separates and recycles 100% of scrap tires into reusable materials. We plan to build 10 plants in the United States, during the next 5 years,” Mr. Sharp concluded.

“We are very pleased to become a part of the Hunt family, which will enable Carbon Green NA, Inc. to move to a very important next level, that being the planned roll out of plants throughout North America,” stated John Novak CEO of Carbon Green NA Inc. “I believe that this merger joins the strengths of Hunt Global Resources, Inc. and their cutting edge technology in biofuels coupled with Carbon Green NA, Inc.’s leading tire recycling technology and will allow us to construct and operate each $50 million plant successfully.”

For more information please visit: www.huntglobalresources.com.

For more information please visit: www.carbongreennainc.com.

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