SOURCE: Market Pulse

February 17, 2009 08:30 ET

Market Pulse Breaking News Alert for Tuesday, February 17, 2009: PRRY - Planet Resource Recovery Announces Agreement With a Subsidiary of Vertex Energy, L.P. to Develop Technology Utilizing PetroLuxus™ Products!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA--(Marketwire - February 17, 2009) - Market Pulse News Alert for this AM, Stocks to Watch are: Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), Electro-Optical Sciences Inc. (NASDAQ: MELA), Oracle Corp. (NASDAQ: ORCL) and Coinstar Inc. (NASDAQ: CSTR).

Investors need to be watching Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) this AM! Planet Resource Recovery is the developer and manufacturer of the PetroLuxus™ family of chemical products. PetroLuxus™ is a proprietary, environmentally friendly chemical that dislodges hydrocarbons (oil) in practically all natural and man-made environments. PetroLuxus™ 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, down hole 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™ products. RADA Technologies, Inc. designs and engineers new mechanical processing equipment proprietary to PetroLuxus™ products while simultaneously providing fuel inventory management services reducing loss to increase gain for its customers. Oil Recovery Ventures, LLC deploys PetroLuxus™ 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™ 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, respectfully, 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™ 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™ 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™ 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 the completion of an agreement with a recognized leader in the recovery and recycling of waste oil, Houston, Texas-based Cedar Marine Terminals, a subsidiary of Vertex Energy, LP! Investors should be watching this one closely!

Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), developer, manufacturer and marketer of the PetroLuxus™ family of products, is pleased to announce the completion of an agreement with a recognized leader in the recovery and recycling of waste oil, Houston, Texas-based Cedar Marine Terminals, a subsidiary of Vertex Energy, L.P. The agreement defines a clear path to developing treatment protocols for the use of PetroLuxus™ products utilizing the resources & experience of Cedar Marine Terminals. PetroLuxus™ products will be utilized in processing waste oil to enhance the quality by reducing undesirable metals and additive residuals in the oil resulting in higher quality re-refined fuels and feedstocks and reduced processing and production costs.

Waste oil retains metals from the additives of the original manufacturer and an assortment of wear metals that are concentrated during use. The presence of these metals presents problems in recycling the oil for certain applications and current methods are inadequate for removal. PetroLuxus™ products have been tested and shown to effectively precipitate (separate) metals from oil and water in a variety of applications that benefit remediation, recycling, and production processes. Development will be done at Cedar Marine Terminals 19 acre facility in Baytown, Texas.

The agreement provides for long term options that promote the expansion of Cedar Marine Terminals as a leader in the oil recycling markets and the growth of Planet Resource Recovery, Inc. as a developer of chemical solutions to meet demanding problems. Based on estimated projections, Cedar Marine Terminals is anticipated to initially use up to 2000 gallons of PetroLuxus™ products per month rendering a revenue stream to Planet Resource of $60,000 monthly. The U.S. generates an estimated 1.3 billion gallons of used motor oil annually of which only 380 million gallons are re-refined. The potential for reduction of crude oil use by better recycling and use of waste oil could reduce crude consumption. The recovery of one gallon of used oil will produce 2.5 quarts of high quality lube oil and two gallons of recovered oil which can be used to power a generator to produce enough electricity to heat an average home for twenty four hours.

About Cedar Marine Terminals L.P.

Cedar Marine Terminals L.P. is a waterfront facility located on 19 acres at the mouth of Cedar Bayou in Baytown, Texas. The terminal is positioned adjacent to the Houston ship channel providing the essential functions of supply and distribution of agricultural and petro-chemical products. Being strategically located near major metropolitan industrial districts, the location is ideal for unlimited processing capabilities and terminal expansion. Cedar Marine Terminal currently serves as a truck-in, barge out facility providing through-put operations for the marketing of petroleum products and biofuels by barge into the Houston market. The management team of CMT is a unique group of individuals, each specializing in various aspects of petroleum production and terminal management offering the best truck to barge solution in the Port of Houston. Cedar Marine Terminals L.P. is a subsidiary of Vertex Energy, L.P., a leader in the recovery and recycling of waste oil to multiple markets for use as marine and bunker fuel, to refineries as cutter stock, and for re-refining. Vertex Energy, L.P. is a middle market consolidator, refiner and re-refiner of distressed petroleum streams, such as used oil, transmix, fuel oils and off-specification commercial chemical products. Vertex Energy succeeds by delivering outstanding performance serving as buyer and logistical manager of petroleum products used for fuels and feedstock throughout the United States.

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of the PetroLuxus™ family of products, a proprietary environmentally friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus™ family of products are effective and efficient solutions for the remediation and recovery of petroleum-based products. PetroLuxus™ 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™ products. Oil Recovery Ventures, Inc. deploys PetroLuxus™ through joint ventures in the Enhanced Oil Recovery market.

For an audio/visual demonstration of PetroLuxus™, click on the link

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Stocks in the news and acting well as of late include: Electro-Optical Sciences Inc. (NASDAQ: MELA), Oracle Corp. (NASDAQ: ORCL) and Coinstar Inc. (NASDAQ: CSTR).

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