Global Recovery LLC

Columbia, South Carolina

July 13, 2009 – The South Carolina
Department of Commerce and Dorchester County today announced that Global Recovery LLC will locate
its new facility in Dorchester County. The $590,000 investment is expected to generate 15 new jobs. Global recovery
is a world leader in providing environmental solutions to industry
for recycling and waste management.

“We are pleased to further our operations in South Carolina with a new facility in Harleyville.
The new facility will allow us to increase our productivity and expand our recycling and processing
efforts. Dorchester County is an excellent fit for
us, providing a positive business environment, strong labor force
and an existing building to suit our needs. We appreciate all the support we’ve received from state and local officials,” said John E. Beach, president and CEO of Global Recovery.

Global Recovery is locating its new operations in the former Pioneer Boat Manufacturing facility in Harleyville. The company
intends to use the facility to increase the amount of plastics it processes and to accept a broader range of materials for recycling.
The company expects the new equipment will help increase
the value of the processed plastic materials. Global
Recovery plans to begin hiring for the positions in August.

"Global Recovery is a growing company in the recycling industry and this announcement furthers their commitment to South Carolina. Global Recovery’s decision
to locate its new facility in Dorchester County is a clear sign that our business-friendly climate and skilled workforce are helping
existing businesses grow even in these challenging times. Thanks
to the team effort of state and local officials, Dorchester County will benefit
from this investment now and in the future,"
said Joe Taylor, Secretary of Commerce.

"We are excited that Global Recovery
chose Dorchester County as the location for their new facility," said Jamie Feltner, Chairman of the Dorchester County Council. “Not only will the project create
jobs in a rural part of our community, this forward-thinking and innovative company
will utilize a facility that has stood vacant for about a year."

Global Recovery LLC specializes in the recycling, reclamation and treatment of industrial waste products. Global Recovery recycles a wide range of materials, which has helped the company succeed even in volatile economic times. The company
is headquartered in St. George, S.C. For more information, please

About S.C. Department of Commerce

As South Carolina’s leading economic development agent,
the Department of Commerce works closely with
economic development professionals throughout the state
to recruit new businesses and jobs and help existing businesses grow. In 2008 Commerce recruited a record 18,993 new jobs and $4.17 billion
in capital investment.
 Many well-known names and world-class companies chose to invest
in South Carolina
2008, some of which include:
Target Corp., Home Depot, Heinz, Monster,
American Titanium
Works, BMW, Michelin and URS Corp. Commerce also assists companies in locating buildings and sites in which to operate,
offers grants for community development and infrastructure improvements and provides tools to enhance workforce skills. For more information, visit