SOURCE: Market Pulse

June 17, 2008 08:30 ET

Market Pulse Breaking News Alert for Tuesday, June 17, 2008: PRRY - Planet Resource Recovery, Inc. Announces Agreement to Market PetroLuxus™ Products in Oil Rich Nation of Nigeria!

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

ATLANTA, GA--(Marketwire - June 17, 2008) - Market Pulse News Alert for this AM, Stocks to Watch are: Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), Energy Conversion Devices Inc. (NASDAQ: ENER), Applied Materials Inc. (NASDAQ: AMAT) and Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA).

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, 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™ 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, 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™ 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 they have executed an agreement to market PetroLuxus™ products in the oil rich nation of Nigeria! Investors should be watching this one closely!

Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to announce the Company has executed a Distributor Agreement to market PetroLuxus™ products in the African Nation of Nigeria. Kobal Global (Nig) Ltd. will market PetroLuxus™ chemical solutions for tank cleaning, well bore and production string cleanup and enhanced oil recovery/well stimulation to the oil rich nation of Nigeria.

Kobal Global (Nig) Ltd. will make use of its many associations and contacts to establish a productive market environment for PetroLuxus™ products. Planet Resource anticipates use of PetroLuxus™ products in Nigeria will produce similar positive results it has realized in the United States. Through the use of "WC-100" well bore and production string cleanup and "MMMF" formation stimulation and enhanced oil recovery products, operators in Nigeria will experience renewed life in old production formations.

Nigeria is the largest oil producer in Africa, the eleventh largest producer of crude oil in the world and the world's eighth largest exporter of crude oil and the country is a major oil exporter to the United States with 42 percent of its crude exports going to the United States in 2006. According to Oil and Gas Journal, Nigeria had 36.2 billion barrels of proven oil reserves as of January 2007 and the Nigerian government plans to expand its proven reserves to 40 billion barrels by 2010.

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 For more information visit: or

Stocks in the news and acting well as of late include: Energy Conversion Devices Inc. (NASDAQ: ENER), Applied Materials Inc. (NASDAQ: AMAT) and Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA).

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