Planet Resource Recovery, Inc. Retains Wilshire Capital Group, Inc.
07 February 2008 - 5:17AM
Business Wire
Planet Resource Recovery, Inc. (Pink Sheets:PRRY), developer,
manufacturer and marketer of the PetroLuxus� family of products, is
pleased to announce that the company has retained Wilshire Capital
Group, Inc. to provide the company with Business Development and
strategic business advisory services. Wilshire Capital Group, Inc.
will assist Planet Resource Recovery, Inc. in its future endeavors.
Wilshire Capital Group, Inc. will commence its strategic business
advisory services on an immediate basis. Wilshire Capital Group,
Inc. is a specialty firm providing business planning, investment
banking, and advisory services to the energy industry. The firm
provides its clients with services specifically tailored to each
client�s needs. Wilshire brings both national and international
network of relationships providing the resources needed to
successfully develop and support the diverse demands of growing
companies. 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, 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 http://www.planetresource.net/index-21.html For
more information please visit www.planetresource.net or
http://www.petroluxus.com For information on Wilshire Capital Group
visit www.wilshirecapitaltexas.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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