PRRY Planet Resource Recovery Inc (PK)

Planet Resource Recovery, Inc. (PLANET) (PINK�SHEETS:PRRY), developer, manufacturer and marketer of the PetroLuxus� family of products, is pleased to announce that the company has acquired 100 percent interest in RADA Technologies, Inc. (RADA) making the entity a wholly-owned subsidiary. The transaction was effective on July 5, 2007. Terms of the acquisition were 1,500,000 restricted common shares of Planet Resource Recovery, Inc. Planet�s acquisition of RADA is a synergistic transaction for the companies. Planet�s management elected to acquire 100% of RADA with the intent to expedite PetroLuxus� applications to commercialization and bring immediate revenue streams to Planet through RADA�s continuing operations. RADA�s design & engineering capabilities coupled with their knowledge of PetroLuxus� unique characteristics will provide for accelerated design & construction of proprietary processing equipment for numerous PetroLuxus� applications in the oil and gas sector. In addition, RADA�s ongoing expanding revenue streams will be reported on the company�s consolidated financial statements commencing with the 3rd quarter 2007. Planet management�s skill set and experience will increase and bolster RADA�s resources to expand its operations. Since Planet acquired a 50% interest in RADA on May 22, 2007, RADA has generated new business surpassing their complete 2006 revenues. News of RADA contracts will be released in the near future while Planet dedicates its efforts to develop its proprietary processing equipment and applications for field deployment in the oil & gas sector. Mr. Robert Arias will remain as President and CEO of RADA Technologies, Inc. He will additionally assume the position of Chief Technology Officer of Planet Resource Recovery, Inc. and become a member of the Board of Directors of Planet. RADA Technologies, Inc. is an engineering and design company that provides operational and equipment based turn-key solutions to clients in the oil & gas sector. Since 2004, RADA Technologies, Inc. has provided engineering and consulting services, inventory management and custody transfer systems for liquid bulk storage facilities. The company services major oil & gas companies, commercial & general aviation facilities, US Department of Defense, US Department of Energy, and National Aeronautics and Space Administration (NASA) the Johnson Space Center - Houston, Texas. For more information visit - http://www.radatechnologies.com/ 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.