Press Release
Source:  Global Investment Recovery, Inc.
For immediate distribution

Contact:  Jim Glenn, (803)258-1620

Global Investment Recovery, Inc. Opens and Expands Salley, SC Electronics Recycling Facility
December 5 , 2006, 8:00 am EST

Global Investment Recovery, Inc. (Global) an international recycler of computers, telecommunications equipment, consumer electronics, and classified military electronics, has completed the acquisition of a 65,000 square foot facility in Salley, SC and began recycling operations in July 2006.  Due to the increasing demand for electronics recycling, the Company has also agreed to lease an additional 60,000 square foot facility to expand this new operation.  Global has converted the former Salley Manufacturing Plant to a modern electronics recycling facility including a state-of-the-art 400 HP shredding system. 

Global began July production with a base of 40 employees hired from the local area and forecasts a work force of approximately 85 employees by the end of 2007.  During initial production the company plans to recycle or refurbish and remarket 10,000 personal computers and up to 12,500 monitors each month in addition to other products that will be recycled at this location. 

“We are very excited and proud to initiate and immediately expand our South Carolina facilities and capabilities” said Reggie Chesson, Managing Director of Global.  “During our first full year of operations in Salley, we expect to prevent over 15 million pounds of electronics from being dumped into our landfills.  We will be responsible for the recycling of 750 tons of plastics which will serve to reduce our oil dependency and almost 3,750 tons of steel which requires less energy to recycle than the production of steel from ore.  This steel will return in many forms including new consumer electronics.  We will also reclaim copper, aluminum and precious metals.  The State of South Carolina, Aiken County, the City of Salley and Global can all be proud of the positive environment impact of this facility.”

“The continued growth of companies like Global Investment Recovery is another positive example of how our efforts to improve the soil conditions for business are paying dividends,” said Governor Mark Sanford. “With 140,000 more people working in our state than there were four years ago, we remain focused on our efforts to support changes like workers comp reform that will continue to create jobs and opportunity for South Carolinians.”

“South Carolina continues to be a prime location for companies looking to grow and expand and we congratulate Global Investment Recovery on its expansion news,” said Secretary of Commerce Joe Taylor. “Commerce is committed to securing jobs and investment in our rural communities, and our numbers reflect that focus, with a 72% increase in rural job recruitment over 2005.”

Incorporated in 1992, Global is one of only seven primary electronic recyclers for the Environmental Protection Agency (EPA).  Since 2000 Global has been a Primary Contractor for the Department of Defense for the demanufacturing of electronic scrap.  The Department of Defense is the largest generator of electronic scrap in the country. Only two companies currently provide these services to the government.  The Company also provides recycling services to the State of South Carolina, all governmental agencies and school boards.  Global also provides recycling services for OEMs, leasing companies and other large corporate entities.  Global Investment Recovery, Inc. is ISO 14001 certified.  The Salley facility will serve the eastern United States.  Global has similar facilities in Tampa, Florida and Reno, Nevada.