SOURCE: Planet Resource Recovery, Inc.

April 23, 2010 09:48 ET

Planet Resource Recovery, Inc. Retains GBH CPAs, PC to Conduct SEC Compliant Audit

HOUSTON, TX--(Marketwire - April 23, 2010) -  Planet Resource Recovery, Inc. (PLANET) (PINKSHEETS: PRRY), developer, manufacturer and marketer of PetroLuxus™ and other "Green" technologies for the remediation and recovery of the planet's resources, announced today that the company has retained GBH CPAs, PC as its registered independent public accounting firm. GBH has commenced the financial audit for the last two years of operations of PLANET.

GBH CPAs, PC is a Houston-based SEC audit firm whose focus is delivering audit, tax and advisory services to small and medium publicly-traded and private companies. Their audit focus delivers the most cost-effective audit through professionals trained to meet their clients' specific reporting requirements. GBH's management team began their careers with the Big 4 accounting firms. For more information on GBH visit their website at http://www.gbhcpas.com/.

Concurrently, PLANET's SEC legal counsel, The Loev Law Firm, PC, is preparing the required SEC legal documentation to initiate the company's filing of an S-1 Registration filing.

Upon completion of the audited financials and the S-1 Registration, the company will submit to the governing authority so at that is it will be fully reporting and may be elevated to a higher exchange.

About Planet Resource Recovery, Inc.
Houston, Texas-based Planet Resource Recovery, Inc. is the developer, manufacturer, and marketer of unique, environmentally friendly proprietary chemical compounds and processes that will usher in a new paradigm shift in industry. The company is primarily focused on three distinct sectors: 1) Oil & Gas Industry with PetroLuxus™, 2) Remediation of mining toxic byproducts and 3) mining of base and precious metals. The company has developed multi-dimensional compounds and their related processes, technologies and methodologies to provide these sectors enhanced benefits and revenue opportunities. For more information visit: www.planetresource.com or 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. Planet takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Planet.

Contact Information