Contact Information: Company Contact: Enrique M. Salinas III 281-996-5315 ext. 3006 Media Contact: Rod Mitchell 281-350-5506
Planet Resource Recovery Realigns Technology Development Department
| Source: Planet Resource Recovery, Inc.
HOUSTON, TX--(Marketwire - November 27, 2009) - 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, is pleased to announce that Dr. Harold R. Potts,
Director of Technology, will now oversee the continued development of
PetroLuxus™ and other technology developments for the Oil & Gas
Industry. Dr. Potts assumes these responsibilities immediately upon the
resignation of Michael Smallwood. Smallwood oversaw the early stage
development of PetroLuxus™.
Planet Resource Recovery retains all intellectual rights for the
development of PetroLuxus™ and other technologies. Dr. Potts will now
complete the development to broaden the commercialization of PetroLuxus™
for the Oil & Gas Industry while bringing the company's metals and
remediation technologies to completion and patenting.
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.