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HYHY Hydrogen Hybrid Technologies Inc (CE)

0.0005
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hydrogen Hybrid Technologies Inc (CE) USOTC:HYHY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0005 0.00 01:00:00

Market Pulse Breaking News Alert for Thursday, June 26, 2008: PRRY - Planet Resource Recovery Reports Single Well Treatment With

26/06/2008 1:30pm

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ATLANTA, GA , Hydrogen Hybrid Technologies Inc. (OTCBB: HYHY), Oracle Corp. (NASDAQ: ORCL) and Sequenom Inc. (NASDAQ: SQNM).

Investors need to be watching Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) this AM! Planet Resource Recovery is the developer and manufacturer of the PetroLuxus(TM) family of chemical products. PetroLuxus(TM) is a proprietary, environmentally friendly chemical that dislodges hydrocarbons (oil) in practically all natural and man-made environments. PetroLuxus(TM) products can be applied to multiple hydrocarbon recovery and production enhancement applications including: separation and collection of hydrocarbons in contaminated soil remediation, bio-diesel feedstock treatment to promote separation of water and particulates, treatment for more efficient separation and recovery of methanol, fatty acids and glycerin in bio-diesel production, treatment of rheospectic compounds produced from the use of oil based drilling muds to recovery oil and reduce hazardous waste, downhole well stimulation for enhancing oil production in marginal producing wells, cost effective and environmentally friendly recovery of oil from Utah tar sands, cost effective cleaning of storage tank bottoms and oil recovery, oil recovery and remediation of sludge and tailing ponds, treatment of heavy oil from removal of water and adulterates with improvement to flow characteristics, to name a few. Through the acquisition and formation of wholly-owned subsidiaries, PRRY deploys the PetroLuxus(TM) products. RADA Technologies, Inc. designs and engineers new mechanical processing equipment proprietary to PetroLuxus(TM) products while simultaneously providing fuel inventory management services reducing loss to increase gain for its customers. Oil Recovery Ventures, LLC deploys PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery market. PRRY commenced working with an AMEX listed oil production company in January 2008, with the goal to treat a series of wells to increase oil production with its down hole treatment product -- PetroLuxus(TM) MMMF. The company's wells are in the Austin Chalk formation in Texas. Oil production at the primary treated well for February and March 2008 has been significantly improved with over 285 and 287 barrels, respectfully, of oil for each month, and through April 21, 2008 the well has continued to average about ten barrels of oil per day. PRRY recently announced the collaboration between the company and Affordable Bio Feedstock of Florida aimed at developing a process utilizing PetroLuxus(TM) products for the separation and recovery of oils from waste trap grease materials rendering an affordable, marketable grease feedstock for biodiesel producers. Affordable Bio Feedstock has purchase commitments from Biodiesel producers approaching 50 million gallons of raw feedstock annually once the technology is developed and deployed. The National Renewable Energy Lab estimates the US generates 495 million gallons of waste grease trap material yearly -- which does not include millions of gallons of waste grease captured at municipal water treatment plants. This quantity of raw feedstock represents an estimated $25 million per year revenue stream for Planet Resource Recovery. Planet Resource Recovery's pilot manufacturing plant is operational with PetroLuxus(TM) ready for commercialization. PRRY is dedicated to maximizing the recovery and production of hydrocarbon resources reducing America's dependency on foreign oil and minimizing the environmental impact of petroleum based hazardous waste through ecologically responsible and profitable remediation efforts benefiting clients, associates and investors. Sales through a dedicated distributor network, design and construction of specific applications processes, and participation in joint ventures for enhanced profitability ensure a strategy of introduction of the PetroLuxus(TM) family of products to the widest audience. Planet Resource Recovery is poised to become a significant player in the petrochemical/oil services industry! PRRY just had excellent news out in a press release before today's opening bell announcing their single well treatment with PetroLuxus(TM) MMMF maintains increased oil production output! This 90-day update marks the continued longevity and effectiveness of PetroLuxus(TM) MMMF! Investors should be watching this one closely!

Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to announce the continued maintained oil production of a pilot well treated in February 2008. Production rates were recently posted on the Texas Railroad Commission website for February, March and April 2008. After a single treatment with PetroLuxus(TM) MMMF in February, output continues to maintain the original significant increase of oil production of an isolated well in the Austin Chalk formation. This 90-day update marks the continuing longevity and effectiveness of PetroLuxus(TM) MMMF.

Planet Resource Recovery, Inc. commenced working with an AMEX listed oil production company in January 2008, with the goal to treat a series of wells to increase oil production with its down hole treatment products -- PetroLuxus(TM) MMMF and other PetroLuxus(TM) products. The company's wells are situated in the Austin Chalk formation in Texas. The selected primary oil well treatment had dramatically declined in production since being brought back online in September of 2007. This well's oil production had slipped in production from over 750 barrels of oil per month to less than 85 barrels of oil per month.

After the PetroLuxus(TM) MMMF treatment was performed in February 2008, increased oil production was realized within two weeks which was extremely encouraging as porosity in the Austin Chalk is some of the lowest in any formation. Oil production at the selected treated well for February, March and April 2008 has been significantly improved resulting in 287, 271 and 284 barrels per month, respectfully. Since treatment, not only has oil production been revitalized, but improved equipment efficiency has been realized allowing for less down time due to equipment failure.

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of the PetroLuxus(TM) family of products, a proprietary environmentally friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus(TM) family of products are effective and efficient solutions for the remediation and recovery of petroleum-based products. PetroLuxus(TM) applications include Enhanced Oil Recovery, Oil Sands, oil spills, oil tank farm cleaning, marine ship cleaning, remediation of oil sludge pits, treatment of raw fuel feedstocks, waste oil segregation and biodiesel, to name a few. Through the acquisition and formation of wholly owned subsidiaries, Planet Resource Recovery, Inc. deploys the PetroLuxus(TM) products. Oil Recovery Ventures, Inc. deploys PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery market. For an audio/visual demonstration of PetroLuxus(TM), click on the link http://www.planetresource.net/index-21.html. For more information visit: http://www.planetresource.net or http://www.petroluxus.com.

Stocks in the news and acting well as of late include: Hydrogen Hybrid Technologies Inc. (OTCBB: HYHY), Oracle Corp. (NASDAQ: ORCL) and Sequenom Inc. (NASDAQ: SQNM).

Information contained herein is the opinion of Market-Pulse.com ("MP") and is intended to be used strictly for informational purposes. You should be aware that MP attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, MP does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of MP's analyses and/or parties related to those companies. MP also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted.

MP, because it relies on information supplied by various third parties disclaims any responsibility for the accuracy of such information. Any investor considering making an investment in any security which has been the subject of a MP analysis or opinion should, before making any such investment, consult with his/her market professional and/or do his/her own independent research regarding the company which is the subject of an MP opinion, recommendation or analysis. Information regarding companies which MP has opined upon is normally available from many sources including the subject company's filings with the SEC and various press releases issued by the company.

You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated in free trading shares of common stock, available for public trading as follows: Planet Resource Recovery, Inc. compensation from a third party shareholder: three hundred thousand free trading shares of stock in Planet Resource Recovery, Inc., already received from a third party shareholder. In addition, MP has pending one hundred thousand free trading shares of stock in Planet Resource Recovery, Inc. from a third party shareholder. To date, MP has sold one hundred thousand shares of stock in Planet Resource Recovery, Inc. for proceeds totaling twenty thousand four hundred sixty nine dollars. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market-Pulse.com and Market Pulse Breaking News Alert are owned by Market Pulse LLC.

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