SOURCE: Planet Resource Recovery, Inc.

April 16, 2009 07:00 ET

Planet Resource Recovery, Inc. Appoints General Counsel and Executive Vice President

HOUSTON, TX--(Marketwire - April 16, 2009) - Planet Resource Recovery, Inc. ("Planet" or the "Company") (PINKSHEETS: PRRY), developer, manufacturer, and marketer of the PetroLuxus® line of environmentally friendly specialty chemical technology products announced today the appointment of Christopher S. Reeder and Reeder, Lu Green, LLP as General Counsel and Marc S. Sperberg as Executive Vice-President of the Company.

Christopher S. Reeder, 39, is founding partner of the Los Angeles based law firm of Reeder, Lu & Green, LLP, and focuses on a wide array of complex civil litigation and business and financial matters, including business law, intellectual property, employment and securities law, complex commercial litigation and white collar crime. Prior to founding Reeder, Lu & Green, Mr. Reeder served as a partner in the Los Angeles office of Sheppard Mullin Richter & Hampton, LLP. Prior to his law career, Mr. Reeder served in The United States Navy from 1989-1994 as an Operations Specialist and Anti-Submarine Air Controller, during which time he received three letters of commendation and five medals serving in Operation Desert Storm. Mr. Reeder is admitted to practice in California, United States Ninth Circuit Court of Appeals, all of the United States District Courts throughout California, and is admitted pro hac vice in various courts throughout the United States. Mr. Reeder holds a BS in Political Science and Sociology from the University of the State of New York and a JD, magna cum laude, from University of Dayton School of Law.

Marc S. Sperberg, 46, is the President of MSA Consulting, Inc., a business development, marketing and governmental affairs company primarily engaged in the area of early and development stage companies. Mr. Sperberg has consulted with numerous start-up and development stage companies. He has earned a reputation as a highly skilled business, administration and government affairs expert and has successfully managed and held key positions in numerous public and private companies.

Planet President Mr. Rick Burton stated, "I have worked with Chris and Marc in their respective capacities for many years. I am very pleased have them join the Planet team and bring their extensive knowledge and experience to the Company as we position ourselves for what we believe will be an aggressive market introduction to our proprietary technology and related product lines."

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc. is a developer, manufacturer and marketer of the PetroLuxus® line of disruptive technologies within the field of specialty chemicals. We manufacture proprietary products that are cost-effective, highly efficient alternatives to existing methods of implementing above and below ground soil remediation, oil and gas production, and clean coal technologies. The Company's proprietary platform of oxygen-scavenging products are environmentally friendly chemical compounds that dislodge oil and other particulate matter at a molecular level from virtually all natural occurring and man-made environments, thus removing the unwanted contaminates and leaving in place innocuous and acceptable levels of material for varied usages. PetroLuxus® products are also applicable to enhanced oil and gas recovery, oil sands, oil spills, oil tank farm cleaning, marine barge and ship cleaning, remediation of oil sludge pits, treatment of raw fuel feedstocks, waste oil segregation and biodiesel manufacturing. Through the acquisition and formation of certain wholly owned subsidiaries, the Company deploys its PetroLuxus® product lines to specialty markets through Oil Recovery Ventures, Inc., and other market-specific subsidiaries.

For an audio/video demonstration of PetroLuxus® and information about its safety, efficacy and specific application performance click on the link http://www.planetresource.net/index-21.html.

For more information about the Company visit http://www.planetresource.net or http://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 necessary 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, the current and future economic climate, the ability to protect the Company's trade secrets, trademarks, and other intellectual property, and the need for additional capital.

Contact Information

  • Company Contact:

    Enrique M. Salinas III,
    Chief Communications Officer
    Planet Resource Recovery, Inc.
    U.S. 281-996-5315
    Email Contact

    Media Contact:

    Rodney Mitchell
    President & CEO
    Adventures in Media Corporation
    U.S. 281-350-5506
    Email Contact