PRRY Planet Resource Recovery Inc (PK)

Planet Resource Recovery, Inc. (PINK SHEETS:PRRY), is pleased to announce that the company�s wholly-owned subsidiary, Oil Recovery Ventures, LLC has entered into talks to acquire a working interest in oil production wells west of Houston. The selected wells open a potentially new revenue stream for the company through participation in production utilizing the PetroLuxus(TM) family of products for oil well formation stimulation and clean up to maximize efficiencies and revitalization in the oil patch. Planet Resource Recovery will issue investor updates on the progression of these negotiations. Recent deployment of PetroLuxus(TM) MMMF and PetroLuxus(TM) Well Clean have realized significant increases in oil production. A recent well stimulation in February 2008 has resulted in stabilized increased oil production of approximately 275% for over 90 days. Other treatments are realizing similar results in testing and establishing the cost-effectiveness and determining the longevity of Planet Resource Recovery products. Oil Recovery Ventures, LLC will work selected operators in the local area to deploy PetroLuxus(TM) products for increased oil production. 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.