[A-List] Utah tar sands to start plunder

[Macdonald Stainsby]

  March 28, 2007 09:00 AM Eastern Daylight Time
Global Wataire Inc. Announces Memorandum of Understanding With Utah 
Based Tar Sands Company

NEW YORK--(BUSINESS WIRE)--Global Wataire Inc. (GWI) (OTCBB:GWTE), a 
Financial Advisory and Investment company is pleased to announce it has 
signed a memorandum of understanding (MOU) with American Resource 
Petroleum Corporation (ARPC) to facilitate ARPC’s transition from a 
private corporation to a fully registered, listed and actively trading 
public corporation.

Sydney Harland, President and Chief Executive Officer of GWI, stated, 
“Because of American Resource Petroleum Corporation’s superior tar sand 
oil processing technology, combined with higher oil prices and concerns 
about the current worldwide oil supply, ARPC is well positioned to 
profitably produce oil from Utah’s vast tar sand deposits. We are 
confident that this venture will result in a successful IPO for ARPC and 
substantial returns for Global Wataire’s growing portfolio.”

About American Resource Petroleum Corp.

ARPC’s Asphalt Ridge property located in Utah is the first fully 
commercial tar sands operation in the United States. These deposits have 
been estimated to hold more than two trillion barrels of oil.

About Global Wataire Inc.

GWI provides advisory and transactional services to help businesses 
develop and implement the necessary strategies to achieve key financial 
objectives. GWI seeks exclusive investment opportunities that will 
enable both the Company and its clients to optimize financial returns, 
and achieve positive cash flow and better than market returns for their 
businesses. We bring together the expertise of an experienced team of 
dedicated professionals committed to building strong strategic 
partnerships with our clients from inception to growth to maturity.
-- 
Macdonald Stainsby
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