Planet Resource Recovery, Inc. Appoints Veteran Energy Industry CFO to Advisory Board
16 April 2008 - 10:30PM
Business Wire
Planet Resource Recovery, Inc. (PINK SHEETS:PRRY), is pleased to
announce the appointment of Mr. Lawrence Clayton, Jr. to its
advisory board. Mr. Clayton is a private consultant with
significant financial and operational energy expertise in high
growth energy companies, where he has served as Chief Financial
Officer and Senior Vice President over the past 20 years. Mr.
Clayton will sit on the Planet Resource Recovery, Inc. Advisory
Board advising senior management in financial analysis,
deal-structuring, strategic planning, financial planning and
business modeling. Mr. Clayton�s prior senior executive officer
experience includes: Aquila Energy, wholesale energy marketer with
annual revenues of $17 billion, EOTT Energy, crude oil gathering,
transportation and marketer, with annual revenues of $10 billion
and Commerce Energy Group, Inc., retail energy marketer with annual
revenues of $300 million. Mr. Clayton earned Bachelors (Business)
and Masters (Accounting) degrees from Rice University, Houston,
Texas. 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.
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