SOURCE: Planet Resource Recovery, Inc.

June 04, 2009 10:56 ET

Planet Resource Recovery Premieres New Website

Revolutionary Oil & Gas Remediation Recovery Technology Showcased

HOUSTON, TX--(Marketwire - June 4, 2009) - Planet Resource Recovery, Inc. ("PLANET") (PINKSHEETS: PRRY), developer, manufacturer and marketer of the PetroLuxus™ line of environmentally friendly specialty chemical technology products, announced today the premier of its new website, www.planetresource.com. Included for the first time in the public domain is the story behind the founding of Planet and the development of the PetroLuxus™ platform of products.

According to President Rick Burton, "It is no coincidence that exactly 150 years after the first dedicated exploration well in America -- one drilled solely for oil, in Titusville, Pennsylvania -- that our company has successfully participated in the remediation of an EPA Super Fund project in the same area, setting the stage for a paradigm shift in the methods used to remediate and recover hydrocarbons and metals trapped in contaminated soil. In fact, our success in the field, remediating contaminants buried in the railcar over 50 years ago exceeded all expectations. This EPA Region III project was less than 400 miles from where Edwin Drake launched what has become a juggernaut of global economics -- the oil and gas industry. We believe the proprietary science represented by our PetroLuxus™ products will be as significant and revolutionary in the remediation and recovery of oil as was Drake's first gusher at Titusville."

Planet's initial focus for commercialization of the PetroLuxus™ platform of products will address project-specific needs for large scale remediation and recovery in the North American hemisphere, as the Company continues to develop and manufacture new applications for use by private, industrial, commercial and governmental agencies throughout the world.

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc (the "Company") has developed a proprietary platform of products based on a core technology known as PetroLuxus™. The Company manufactures and markets the PetroLuxus™ platform of products, which represent a disruptive technology for use in the specialty and petrochemical industries. The products are comprised of a series of compounds with a wide array of applications, all of which benefit from its unique ability to dislodge hydrocarbons from organic and inorganic materials. The Company's Phase I revenue approach is comprised of three distinct business units: i) Environmental Remediation ("ER"), ii) Enhanced Oil Recovery ("EOR") and iii) Strategic Business Combinations.

The PetroLuxus™ platform of products is a "Green Technology." It is a non-toxic, nonflammable and environmentally friendly method of separating hydrocarbons from both man-made and naturally occurring materials. PetroLuxus™ truly is a Disruptive Technology. It will disrupt currently accepted best practices and change the way hydrocarbons are being managed and harvested throughout the world. Founded in 2005, Planet Resource Recovery has offices in Arizona and Texas.

For more information visit: www.planetresource.com or 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 its project 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 and the need for additional capital.

Contact Information

  • Company Contact:
    Enrique M. Salinas III
    Planet Resource Recovery, Inc.
    281-996-5315
    Email Contact

    Media Contact:
    Rod Mitchell
    281-350-5506
    Email Contact