PRRY Planet Resource Recovery Inc (PK)

Planet Resource Recovery, Inc. (Planet) (Pink Sheets: PRRY), provides shareholder update on activities and progress. Despite a slowdown in production due to Hurricane Ike and the volatility of the market place, Planet continues to make positive progress on all facets of its business plan. As of September 28, 2008 the company�s production facility was completely back online with the restoration of electrical power. All procured generators have been taken offline and set up for return shipment to providers. Manufacturing facility personnel are resuming production of PetroLuxus� products and R&D continues in the lab. The expansion project of the manufacturing facilities is anticipated to resume this week. Corporate offices in Houston have been operational for the past week. Sales Although the PetroLuxus� line of products has numerous applications in the oil and gas industry, the company is currently strictly focused on the development and commercialization of three specific applications: Enhanced Oil Recovery, pretreatment of Brine water and treatment of waste brown grease for the capture of oil as a biodiesel feedstock. The Enhanced Oil Recovery market is where Planet is currently deriving its revenues. Sales of PetroLuxus� MMMF and WC -100 for Q109 and Q209 were $ 30,284 and $ 61,194 respectfully. Planet continues to treat new wells as a result of its marketing efforts. Other applications of pretreatment of Brine water and waste brown grease are being pursued aggressively to complete technology development to commercialize these processes. Since the commencement of our collaboration on the waste brown grease, Planet has received numerous inquires both domestically and internationally for this technology. Marketing Planet launched its marketing campaign to Texas-based oil and gas operators at the beginning of Q209 with the release of 60 sec and 30 sec commercials. Both of these commercials have and/or will be airing in the Houston, Austin and San Antonio markets raising the awareness of oil producers to the benefits of the PetroLuxus� line of products. Additionally, Planet has launched a direct mail campaign to oil & gas operators in the State of Texas. The direct mail campaign coupled with the television advertisements are resulting in numerous inquiries by operators. On September 3, 2008, Planet was the feature story in the Houston Chronicle article titled �Making every drop count� Houston startup joins others in trying to get more oil from existing wells.� Planet continues its media relations efforts and anticipates more industry, mainstream and financial media coverage in the near future. Oil Recovery Ventures, LLC With positive results of increased production in the EOR market, Planet�s wholly-owned subsidiary, Oil Recovery Ventures, LLC commenced efforts to locate potential candidates for acquisition. After considerable due diligence, Oil Recovery Ventures, LLC has identified two potential candidates in West Texas. Oil Recovery Ventures, LLC is commencing negotiations with the selling parties. The primary acquisition target is currently producing 120 BOPD (Barrels of Oil per day). Based on recent engineering reports, consultants estimate that once wells are worked over, the increased field production to be over 500 BOPD. Completion of these acquisitions are dependent upon complete due diligence, negotiations, funding and approval by the board. On April 8, 2008, Planet�s independent auditors completed the company�s audited financials � available at www.pinksheets.com. Since completion, the company has been working with SEC counsel to complete and file the regulatory documentation for application to become effective for a higher exchange. Progress is being made in this area but the company cannot give a specific date on becoming effective due the regulatory process. 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.