Planet Resource Recovery, Inc. Issues Products Update
June 19 2008 - 8:34AM
Business Wire
Planet Resource Recovery, Inc. (Pink Sheets:PRRY), is pleased to
announce its research has lead to new product formulations that
create exciting opportunities and the company�s decision to seek
partners to take new solutions to the market. Since inception of
the company, Planet Resource has been dedicated to developing its
premier product, PetroLuxus(TM), for use to improve oil recovery in
applications, such as well cleaning, matrix stimulation, corrosion
reduction, water flooding, heavy oil treatment, and other oilfield
uses where separation and recovery of hydrocarbon is desirable.
Objectives in this area have been realized and marketing of
products for these applications are well under way. With
development of our base product for use in hydrocarbon separation
and recovery, two years of testing and research have led to the
development of ten chemical variations that offer significant
opportunities in other potential applications. Through research
into product improvement and new product development, Planet
Resource�s research team has developed the methods and process to
infuse beneficial metals into our products that significantly
enhance its basic characteristics and offer potential benefit in a
variety of applications beyond oil and hydrocarbon recovery. This
breakthrough in new chemical variations and the opportunity to
pursue multiple venues in product marketing has led to the decision
to expand growth by seeking partnerships, joint ventures, private
labeling, and other arrangements with outside parties. This
decision to expand partnering is based on the successful results of
the recently announced venture with Affordable Bio Fuels. Planet
Resource intends to solicit partners that will help contribute the
resources and commitment needed to exploit potential applications
and large untapped markets. Increased and enhanced chemical
characteristics have been identified in the new product variations
that lead to a range of applications, including but not limited to
the following: Oxygen Scavenging Odor control of bio waste Bacteria
and microbe destruction Parasite control Fire retardant for paper
and wood Separation, water contaminants Brine water bacteria Heavy
metals reduction, i.e. barium, titanium, arsenic, etc. Black liquor
treatment Separation, hydrocarbons Fuel additive for separation of
water and sediments Water and sediment isolation in tank farms
Isolation of water, sediments and metals in heavy oil API
separators Oil based drilling mud waste Drill cuttings Remediation,
hydrocarbon spills and heavy metals contamination EPA Clean up of
spills, MGP sites, refineries, chemical plants, disposal sites,
sludge ponds Creosote recovery Heavy metals isolation, treatment
and encapsulation Cleaning, hydrocarbons Tank bottoms Marine
vessels Pipelines Exchangers These are but a few of the potential
uses for new PetroLuxus(TM) products that offer opportunity for
profit and growth while providing tremendous and exceptional
potential for benefits to health and the environment. Planet
Resource Recovery, Inc. recognizes the prospects for expanded
application of these new products and wants to develop and pursue a
strategy that joins with market leaders. Market leaders can provide
market access and identification, product evaluation, process and
equipment design, and marketing channels to expedite delivery of
beneficial products to market while benefiting in increased profits
and market recognition. Association with these companies, which are
dedicated to growth through strategic use of resources and assets,
will allow Planet Resource to aggressively focus on further
advancements of new technologies while securing its position as a
leader in the innovation and development of smart chemicals for
intelligent solutions. 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(TM) family of products are effective and efficient
solutions for the remediation and recovery of petroleum-based
products. PetroLuxus(TM) 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(TM) products. Oil Recovery Ventures, Inc. deploys
PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery
market. For an audio/visual demonstration of PetroLuxus(TM), 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.
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