SOURCE: Planet Resource Recovery, Inc.

August 17, 2011 09:00 ET

Planet Resource Recovery, Inc. Adds S. Jeffrey Johnson to Advisory Board Committee

HOUSTON, TX--(Marketwire - Aug 17, 2011) - Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to announce the addition of S. Jeffrey Johnson to the Company's Advisory Board. Mr. Johnson will advise the Company on corporate finance, execution of the Company's business plan, commercialization of PetroLuxus™ and other potential applications of PetroLuxus in the oil & gas industry, including secondary and Enhanced Oil Recovery applications.

Mr. Johnson was the founder of Cano Petroleum, Inc. (NYSE/Amex) in 2004 and served as Chairman and CEO from 2004-2011. Prior to founding Cano, he was CEO of Scope Operating Company (1998-2004) and the founder and CEO of Acumen Resources, Inc. (1993-1998). From 1989-1993, Mr. Johnson was Vice President of Touchstone Capital, where his primary duties included the structuring and funding of drilling programs for Chesapeake Energy in South Texas. Mr. Johnson currently serves as Chairman of the Board for Circle Star Energy, an OTC listed oil and gas company and serves on the Board of Directors of Y2M, a non-profit organization established to mentor young men who may not have positive male role models in their daily life. Mr. Johnson is also the managing member of High Plains Oil, LLC, a private oil company he founded in April 2011, and has previously served on the NYSE/Amex Listed Company Counsel.

Mr. Johnson stated, "I am both honored and excited to be working with Mr. Salinas and the Planet Resource team. I am particularly enthusiastic about PetroLuxus and the potential this product has exhibited as a low cost, low maintenance EOR product. Field tests have indicated meaningful results leading me to believe that the PetroLuxus technology could potentially be a 'game changer' as it relates to increased production and extending the life of mature oil wells."

Mr. Johnson joins other Planet Resource Recovery Advisory Board members, Mr. Jim Miller, Corporate Advisor and Mr. Emil Pena of the National Corrosion Center.

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of PetroLuxus™, a Green Technology that maximizes hydrocarbon recovery in the Oil & Gas industry. Documented well history case studies indicate deployment of PetroLuxus technologies has helped Oil & Gas
Operators reduce maintenance costs, decrease downtime and increase oil recovery. For more information visit: www.planetresource.net.

Safe Harbor Statement

Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report for the year ended December 31, 2009, the Company's Quarterly Report for the First quarter ended March 31, 2010. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

Contact Information

  • Contact:

    Planet Resource Recovery, Inc.
    281-213-5622
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