Market Pulse News Alert for this AM, Stocks to Watch are: Planet
Resource Recovery, Inc. (PINKSHEETS: PRRY), Wachovia Corporation
(NYSE: WB), Huntsman Corporation (NYSE: HUN) and Elray Resources
Inc. (OTCBB: ELRA).
Investors need to be watching Planet Resource Recovery, Inc.
(PINKSHEETS: PRRY) this AM! Planet Resource Recovery is the
developer and manufacturer of the PetroLuxus(TM) family of chemical
products. PetroLuxus(TM) is a proprietary, environmentally friendly
chemical that dislodges hydrocarbons (oil) in practically all
natural and man-made environments. PetroLuxus(TM) products can be
applied to multiple hydrocarbon recovery and production enhancement
applications including: separation and collection of hydrocarbons
in contaminated soil remediation, bio-diesel feedstock treatment to
promote separation of water and particulates, treatment for more
efficient separation and recovery of methanol, fatty acids and
glycerin in bio-diesel production, treatment of rheospectic
compounds produced from the use of oil based drilling muds to
recovery oil and reduce hazardous waste, downhole well stimulation
for enhancing oil production in marginal producing wells, cost
effective and environmentally friendly recovery of oil from Utah
tar sands, cost effective cleaning of storage tank bottoms and oil
recovery, oil recovery and remediation of sludge and tailing ponds,
treatment of heavy oil from removal of water and adulterates with
improvement to flow characteristics, to name a few. Through the
acquisition and formation of wholly-owned subsidiaries, PRRY
deploys the PetroLuxus(TM) products. RADA Technologies, Inc.
designs and engineers new mechanical processing equipment
proprietary to PetroLuxus(TM) products while simultaneously
providing fuel inventory management services reducing loss to
increase gain for its customers. Oil Recovery Ventures, LLC deploys
PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery
market. PRRY commenced working with an AMEX listed oil production
company in January 2008, with the goal to treat a series of wells
to increase oil production with its down hole treatment product --
PetroLuxus(TM) MMMF. The company's wells are in the Austin Chalk
formation in Texas. Oil production at the primary treated well for
February and March 2008 has been significantly improved with over
285 and 287 barrels, respectively, of oil for each month, and
through April 21, 2008 the well has continued to average about ten
barrels of oil per day. PRRY recently announced the collaboration
between the company and Affordable Bio Feedstock of Florida aimed
at developing a process utilizing PetroLuxus(TM) products for the
separation and recovery of oils from waste trap grease materials
rendering an affordable, marketable grease feedstock for biodiesel
producers. Affordable Bio Feedstock has purchase commitments from
Biodiesel producers approaching 50 million gallons of raw feedstock
annually once the technology is developed and deployed. The
National Renewable Energy Lab estimates the US generates 495
million gallons of waste grease trap material yearly -- which does
not include millions of gallons of waste grease captured at
municipal water treatment plants. This quantity of raw feedstock
represents an estimated $25 million per year revenue stream for
Planet Resource Recovery. Planet Resource Recovery's pilot
manufacturing plant is operational with PetroLuxus(TM) ready for
commercialization. PRRY is dedicated to maximizing the recovery and
production of hydrocarbon resources, reducing America's dependency
on foreign oil and minimizing the environmental impact of petroleum
based hazardous waste through ecologically responsible and
profitable remediation efforts benefiting clients, associates and
investors. Sales through a dedicated distributor network, design
and construction of specific applications processes, and
participation in joint ventures for enhanced profitability ensure a
strategy of introduction of the PetroLuxus(TM) family of products
to the widest audience. Planet Resource Recovery is poised to
become a significant player in the petrochemical/oil services
industry! PRRY just had excellent news out in a press release
before today's opening bell announcing an update on activities and
progress. Despite a slowdown in production due to Hurricane Ike and
the volatility of the market place, Planet Resource continues to
make positive progress on all facets of its business plan!
Investors should be watching this one closely!
Planet Resource Recovery, Inc. (PINKSHEETS: 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(TM) 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(TM) 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(TM) MMMF and WC-100 for
Q109 and Q209 were $30,284 and $61,194 respectively. 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(TM) 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.
Stocks in the news and acting well as of late include: Wachovia
Corporation (NYSE: WB), Huntsman Corporation (NYSE: HUN) and Elray
Resources Inc. (OTCBB: ELRA).
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stock, available for public trading as follows: Planet Resource
Recovery, Inc. compensation from a third party shareholder: four
hundred thousand free trading shares of stock in Planet Resource
Recovery, Inc., already received from a third party shareholder. In
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