PRRY Planet Resource Recovery Inc (PK)

Planet Resource Recovery, Inc. (Pink Sheets:PRRY), developer, manufacturer and marketer of the PetroLuxus� family of products, announced today that the Company has launched an aggressive initiative to immediately bolster production capacity. Current anticipated demand for the Company product line has resulted in the Company�s need to accelerate expansion plans. The Company has commenced the search for temporary facilities to house additional units while simultaneously commencing a search for approximately 30 acres of land to construct a permanent facility to meet all future demand for PetroLuxus�. Since the launch of commercialization of PetroLuxus�, numerous oil & gas industry veterans have approached the Company to develop specific blends of PetroLuxus� to address unique problems in niche markets that make up the Oil & Gas industry. In addition to previously identified markets, PetroLuxus� has demonstrated effective results in the treatment of Utah tar sands, oil-based drilling muds, desulphurization of crude oil, paraffin treatment and control, and jet fuel & aviation fuel treatments. The new applications have greatly increased market demand from end-users to effectively treat problems in these areas. Management�s strategic plan to address increased production capacity immediately calls for the construction of four to six additional production units to be housed in temporary facilities. Design plans for permanent facilities call for an initial building of 30,000 sq. ft to house twenty production units that will generate approximately $100 million of PetroLuxus� products on an annualized basis. The current building design allows for a scalable plan to bring the units on-line in a systematic manner. The Company has begun the search for a property that will accommodate ten production buildings in total, along with administrative offices. Planet Resource Recovery, Inc.�s management is currently in discussions with funding sources to capitalize these expansion plans. Management will negotiate the best offer that limits shareholder dilution to bolster shareholder value. Additionally, the company has entered into talks with numerous specialty equipment design and manufacturing companies in the Oil & Gas sector to co-develop proprietary separation/treatment equipment for specific niche markets. Each application is a multi-million dollar market that PetroLuxus� blends can dramatically impact economically and environmentally. These relationships will result in specialty equipment designed specifically around PetroLuxus� for maximized efficiencies in various niche markets. 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�, 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� ready for commercialization. For an audio/visual demonstration of PetroLuxus�, 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.