Planet Resource Recovery, Inc. Announces 90-Day Oil Production Update in Austin Chalk Formation Pilot Well

  
    
  
  
    
      Planet Resource Recovery, Inc. (Pink Sheets: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™ 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™ 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™ MMMF and other PetroLuxus™ 
      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 oil per 
      month to less than 85 barrels of oil per month.
    
    
      After the PetroLuxus™ 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.
    
    
      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.