PRRY Planet Resource Recovery Inc (PK)

Planet Resource Recovery, Inc. (PINK�SHEETS: PRRY), developer, manufacturer and marketer of the PetroLuxus� family of products, is pleased to announce that Patrick Richard has joined Planet Resource Recovery, Inc. as Chief Financial Officer. Mr. Richard, a former partner at Turlington, Reeves, and Richard, PLLC, supervised and managed Planet Resource Recovery, Inc.�s accounting while at the firm. He relinquished his partner status in the firm to join Planet Resource Recovery, Inc. as its Chief Financial Officer. Mr. Richard will immediately commence consolidating all accounting of Planet Resource Recovery, Inc. and its subsidiaries including RADA Technologies, Oil Recovery Ventures, LLC and Raptor Ventures, LLC. Planet Resource Recovery, Inc. has commenced audit preparations with an SEC-approved auditor to prepare the company�s financials prior to engaging legal counsel to file a FORM 10 to apply for trading status on the OTCBB. Mr. Richard joined Turlington & Foster, PLLC, in January of 2002. He became a partner of the firm in March 2004 whereas the firm was renamed Turlington, Reeves and Richard, PLLC in January 2005. Mr. Richard served many clients in various specialized industries including consulting, oil and gas and manufacturing. From June 1996 through January 2002, he was the tax manager and assistant controller for megastore retailer Garden Ridge Corporation. He was responsible for all tax compliance and planning for the mass retailer as well as inventory control. While he was with the company, Garden Ridge had over $400 million in sales with 45 stores in 15 states. Prior to joining Garden Ridge, he was with Andersen, LLP from 1993 until May 1996. Mr. Richard graduated from Baylor University with a Bachelor of Business Administration with majors in accounting and finance. He is a Certified Public Accountant licensed by the State of Texas and is a member of the American Institute of Certified Public Accountants and the Texas State Society of CPA�s. He lives in Houston, Texas, with his wife and two children. About Planet Resource Recovery, Inc. Planet Resource Recovery, Inc. is a holding company spearheaded by its Petrochemical manufacturing unit that has developed PetroLuxus�, a proprietary environmentally-friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus� family of products is an effective and efficient solution for the remediation and recovery of petroleum-based products. PetroLuxus� applications include Enhanced Oil Recovery, Oil Sands, oil spills, oil tank farm cleaning, marine ship cleaning, remediation of oil sludge pits, treatment of raw fuel feedstocks, waste oil segregation and biodiesel, to name a few. Through the acquisition and formation of wholly-owned subsidiaries, Planet Resource Recovery, Inc. deploys the PetroLuxus products. RADA Technologies, Inc. engineers new mechanical processing equipment proprietary to PetroLuxus products while simultaneously providing fuel inventory management services reducing loss to increase gain for its customers. Oil Recovery Ventures, Inc. deploys PetroLuxus� through joint ventures in the Enhanced Oil Recovery market. 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.