Planet Resource Recovery, Inc. Continues to Receive New Customer & Repeat Orders for PetroLuxus™ Treatments in the Austin C...
06 November 2008 - 11:00PM
Business Wire
Planet Resource Recovery, Inc. (Pink Sheets:PRRY) is pleased to
announce continued treatment orders for new wells in the Austin
Chalk formation as well as repeat orders for retreats of wells
previously treated with PetroLuxus� after six months of results.
Planet Resource Recovery, Inc. commenced working in the Austin
Chalk formation in February 2008, with the goal to treat a series
of wells to stimulate oil production with its down hole treatment
products - PetroLuxus� MMMF and Well Clean 100. After the
PetroLuxus� treatments performed showed improved well performance
including increased oil production, reduction of corrosion and
scale, friction and drag reduction, Planet launched a market
awareness program by creating and airing two video commercials and
creating a direct-mail marketing campaign to Oil & Gas owners
and operators within the State of 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(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.
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