Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. (PINK SHEETS:PRRY), is pleased to
announce the appointment of Mr. Lawrence Clayton, Jr. to its advisory
board. Mr. Clayton is a private consultant with significant financial
and operational energy expertise in high growth energy companies, where
he has served as Chief Financial Officer and Senior Vice President over
the past 20 years. Mr. Clayton will sit on the Planet Resource Recovery,
Inc. Advisory Board advising senior management in financial analysis,
deal-structuring, strategic planning, financial planning and business
modeling.
Mr. Clayton’s prior senior executive officer
experience includes: Aquila Energy, wholesale energy marketer with
annual revenues of $17 billion, EOTT Energy, crude oil gathering,
transportation and marketer, with annual revenues of $10 billion and
Commerce Energy Group, Inc., retail energy marketer with annual revenues
of $300 million. Mr. Clayton earned Bachelors (Business) and Masters
(Accounting) degrees from Rice University, Houston, Texas.
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™
family of products are effective and efficient solutions for the
remediation and recovery of petroleum-based products. PetroLuxus™
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™ products. Oil Recovery Ventures,
Inc. deploys PetroLuxus™ through joint
ventures in the Enhanced Oil Recovery market.
For an audio/visual demonstration of PetroLuxus™,
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.