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�s independent auditor has completed the financial audit of the company for the fiscal years ended February 29, 2008 and February 28, 2007. The audited financial statements will be posted on Pinksheets.com and have been submitted to the company�s SEC Counsel, Axelrod, Smith & Kirshbaum for inclusion in the Form 10-SB filing to the Securities and Exchange Commission. Upon the effectiveness of the Form 10-SB filed, Planet Resource Recovery, Inc. will be eligible to elevate its stock trading status from the Pink Sheets to a large, more broadly accepted stock trading exchange. Planet Resource Recovery, Inc., announced the retaining of PS Stephenson & Co., P.C. as it independent auditor on December, 18, 2007. PS Stephenson & Co., P.C. audited the consolidated balance sheets of Planet Resource Recovery, Inc. and its subsidiaries, as of February 29, 2008 and February 28, 2007, and related statements of operations, stockholders� equity and cash flows for the years then ended. About Planet Resource Recovery, Inc. Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of the PetroLuxus(TM) family of products, a proprietary environmentally friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus� family of products are effective and efficient solutions 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. 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 http://www.planetresource.net/index-21.html For more information visit: http://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.