PRRY Planet Resource Recovery Inc (PK)

Planet Resource Recovery, Inc. (Pink Sheets:PRRY), developer, manufacturer and marketer of the PetroLuxus(TM) family of products, is pleased to announce that the company has formed a wholly-owned subsidiary, Oil Recovery Ventures, LLC in the State of Texas. Oil Recovery Ventures, LLC was established to develop the technology and protocols for deployment of the company�s proprietary chemical formulation � PetroLuxus�. The unique characteristics of the PetroLuxus� effect in oil bearing structures will provide an ideal solution to the enhanced oil recovery market. According to the Office of Fossil Energy of the US Department of Energy, "More than 60% of all known oil reserves in the United States remain untapped because of difficulties in extraction from the ground." The marginal well segment � wells that oil production has slowed to 15 barrels a day or less - the Office of Fossil Energy estimates, �there are nearly 500,000 of these wells in the US, and together they produce about the same amount of oil as America imports from Saudi Arabia.� Due to extraction difficulties and high cost, many marginal wells have been left to continued dwindling oil production until no longer viable and plugged or abandoned. Oil Recovery Ventures, LLC will utilize a specially blended PetroLuxus� derivative for the enhanced oil recovery market that seeks out hydrocarbons in-situ and eliminates the interfacial surface tension between oil and all matter its in contact with including sand, clay, rock and shale. The treatment dislodges the oil for a cost effective extraction. Oil Recovery Ventures, LLC will develop additional technologies and protocols for the enhanced oil recovery markets. The venture is seeking venture partners to deploy the technology. About Planet Resource Recovery, Inc. Planet Resource Recovery, Inc. is an innovative PetroChemical/Oil Services company that has developed a proprietary, environmentally-friendly chemical that dislodges hydrocarbons in practically all-natural and man-made environments. The company's flagship product, PetroLuxus(TM), and its derivative product lines have a strong affinity and rapid dispersement qualities to break hydrocarbon chains on a molecular level for cost-effective remediation and recovery of petroleum products. The company's prospective markets for remediation and recovery include: oil tank farm cleaning, marine ship cleaning, oil sludge pits, contaminated soil/oil spills, biodiesel, waste oil segregation, heavy oil, tar sands, and Enhanced Oil Recovery, to name a few. Planet Resource Recovery's pilot manufacturing plant is fully operational with PetroLuxus(TM) ready for commercialization. For an audio/visual demonstration of PetroLuxus(TM), click on the link below. http://www.planetresource.net/test76u31b.htm For more information please visit www.planetresource.net or http://www.petroluxus.com "Safe Harbor" Statement: Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital.