SOURCE: Platinum Research Organization, Inc.

February 09, 2007 06:00 ET

Proxy Statement Filed; Date Set for Special Shareholders Meeting to Approve Major Transaction

VANCOUVER, BC -- (MARKET WIRE) -- February 9, 2007 -- Platinum Research Organization, Inc. (OTCBB: PLRO) (the "Company") announced that it has filed a Preliminary Proxy Statement under Schedule 14A seeking stockholder approval of the Contribution Agreement dated October 26, 2006 the Company entered into with Platinum Research Organization L.P. and related parties as originally disclosed in our press release issued November 1, 2006, and related transactions (the "Proxy Statement").

Stockholders of record as of 5:00 pm (PST) on January 8, 2007 will be entitled to vote at the special meeting. The Company anticipates it will mail its definitive proxy statement to its stockholders on or about February 19, 2007. The special meeting of the stockholders of the Company will be held on March 1, 2007 at 2:00 pm (PST) in Vancouver, B.C. The foregoing dates are subject to change if any regulatory comments are received prior to the date of mailing. Shares of the common stock of the Company held in "Street Name" will not be voted by the a stockholder's broker/dealer unless the stockholder instructs its broker as to how (s)he wants the vote recorded.

Cecelia Pineda, President and CEO of the Company, said, "I believe the Contribution Agreement is in the best interests of the shareholders of the Company and I urge all of our shareholders to cast their votes FOR the Contribution Agreement and related transactions."

Cork Jaeger, CEO of PRO LP, commented, "When we commenced with the development of TechroBond ten years ago, it was already known that ZDDP, the chemical additive package that has been used for 60 years to improve the anti-wear and anti-corrosion properties of motor oil, had a significant negative impact on the environment, but the full extent of the problem was not yet understood. It was with a stated mission of developing a range of innovative chemicals to solve these problems and replace the less-than-perfect additives that had been used in lubricants and coatings for many years that PRO was established."

Mr. Jaeger further stated, "As our technology has evolved, so has the world's understanding of the negative impact of many of the chemical products we seek to replace with TechroBond. As governments, environmental regulators and industry align to conform to standards and specifications that are likely only able to be satisfied with the incorporation of TechroBond in certain formulations, it is gratifying to see the work we have done coming to such a positive culmination. We believe that the elevated profile and improved access to capital likely to be afforded us through our listing on the Nasdaq Bulletin Board will be highly beneficial through this next stage of our corporate development, and I invite you to join us as we introduce TechroBond commercially, and share in our success as we work with industry leaders to transform some of the world's most commonly used compounds into more efficient, better performing, more environmentally friendly products to satisfy the demands of the market today and for years to come."

In reference to the company moving forward, Ms. Pineda noted that its leadership will shift. "I will be resigning the CEO responsibilities of PRO, Inc. at closing and will be passing on those responsibilities to Cork Jaeger. Jaeger's leadership and management skill has attracted and has the full support of a truly outstanding group of independent directors."

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