PRRY Planet Resource Recovery Inc (PK)

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.