SOURCE: Planet Resource Recovery, Inc.

August 30, 2010 12:55 ET

Planet Resource Recovery, Inc. Publishes Independent Audited Financials for FY 2008 and 2009

Continues Process to Submit SEC Filings to Elevate to a Higher Stock Exchange

HOUSTON, TX--(Marketwire - August 30, 2010) -  Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to announce that the company's independent auditors have completed the financial audit of the company's accounting records for the fiscal years ended December 31, 2009 and December 31, 2008. The audited financial statements have been published on the company's website and www.Pinksheets.com.

The company has forwarded the consolidated audited financials to its SEC Counsel, Michael Littman, for inclusion in the Form 10-SB filing to the Securities and Exchange Commission. Upon the effectiveness of the Form 10-SB filed, Planet Resource Recovery, Inc. will be eligible to elevate its stock trading status from the Pink Sheets to a larger, more broadly accepted stock trading exchange.

Mr. Kurt E. Neubauer, President and CEO, stated, "The completion of the consolidated financials is a watershed event for the company. We have completed our first hurdle in the process to elevate to a broader and more accepted trading exchange. We will continue the process in the most expeditious manner for the filing of the Company's Form 10-SB which will be followed by submission of our Form S1 Registration. We will publish press releases as these actions are completed."

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc. is "Spearheading the Charge for the Maximum Economic Recovery of our Planet's Resources through New-Age Products and Technologies!" Technologies developed for and marketed, is the processes and technologies based on scientific research and understanding of silicon and siloxane sciences to enhance the recovery of the planet's resources including metals, minerals and hydrocarbons and to provide enhanced coatings resistant to metal corrosion. The thrust is to create new methodologies to optimize Oil & Gas production, maximize the harvesting of base and precious metals, the remediation of toxic heavy metal environmental contamination and the reduction or elimination of corrosion of metal through the use of proprietary with breakthrough technologies utilizing advanced science and chemistry to increase efficiencies, reduce costs, protect the environment and resources. The development of new chemical compounds and related processes to maximize efficiencies in the Oil & Gas Industry, Mining Industry, Environmental Cleanup Industry and Corrosion Industry through environmentally-friendly, cost-effective and profitable platforms that are considered "disruptive technology" and will usher in new paradigm shifts in industry. Presently, the company is primarily focused on four distinct markets: 1) Oil & Gas Industry, 2) Remediation of industry toxic metals & byproducts, 3) Mining of base and precious metals and 4) Metal Corrosion Industry. The company has developed the proprietary compounds and is currently developing their related processes that will result in new technologies and methodologies for industry. 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.
    Investor Relations:
    Jillian Young
    1-877-878-5333
    Email Contact