Planet Resource Recovery, Inc. Closes on Fifty Percent Acquisition of RADA Technologies, Inc.

  
    
  
  
    
      Planet Resource Recovery, Inc. (Pink Sheets:PRRY), developer, 
      manufacturer and marketer of the PetroLuxus™ 
      family of products, announced today that the company has closed on its 
      transaction to acquire a fifty percent in Pearland, Texas-based RADA 
      Technologies. The acquisition terms were $90,000 and 48,500 restricted 
      common shares of Planet Resource Recovery, Inc. RADA Technologies, Inc. 
      realized revenues of $ 1,020,000 in 2006.
    
    
      RADA Technologies, Inc. is an engineering and design based company that 
      provides operational and equipment based turn-key solutions to their 
      clients in the oil & gas sector. Since 2004, RADA Technologies, Inc has 
      provided engineering and consulting services, inventory management and 
      custody transfer systems for liquid bulk storage facilities. The company 
      services major oil & gas companies, commercial & general aviation 
      facilities, US Department of Defense, US Department of Energy, and 
      National Aeronautics and Space Administration (NASA) the Johnson Space 
      Center – Houston, Texas. For more information 
      visit - http://www.radatechnologies.com/.
    
    
      This strategic acquisition provides Planet Resource Recovery, Inc. with 
      the knowledge, experience and customer base of RADA Technologies, Inc. 
      This will allow us to expand the offering of the PetroLuxus™ 
      family of products. RADA Technologies capabilities to engineer new 
      equipment and technology, coupled with PetroLuxus™ 
      will offer the oil & gas new cost-effective, eco-friendly platforms to 
      address their needs. Engineering new technologies and equipment will 
      expedite PetroLuxus™ market penetration 
      through the offering of complete proprietary package solutions to the 
      industry.
    
    
      “The benefits of PetroLuxus™ 
      are numerous. The potential is enormous. This chemical will 
      revolutionalize many aspects and applications of the oil & gas industry,” 
      stated Robert Arias, President of RADA Technologies, Inc. “After 
      interacting with Planet Resource Recovery, Inc management, we felt we 
      could play a critical role in the deployment of the chemical throughout 
      the industry with our engineering experience and customer base. 
      PetroLuxus™ can immediately address many 
      issues our current customer base is experiencing.”
    
    
      Mr. Kurt Neubauer, President and CEO of Planet Resource Recovery, Inc. 
      said, “This is an ideal acquisition for both 
      parties. In essence, RADA Technologies will engineer the proverbial “razor”, 
      while we provide the “razor blades” 
      – PetroLuxus™. Our 
      joint efforts will provide much needed solutions to the industry which 
      will grow market penetration resulting in increased shareholder value.”
    
    
      About Planet Resource Recovery, Inc.
    
    
      Planet Resource Recovery, Inc. is an innovative PetroChemical/Oil 
      Services company that has developed a proprietary, 
      environmentally-friendly chemical that dislodges hydrocarbons in 
      practically all-natural and man-made environments. The company’s 
      flagship product, PetroLuxus™, and its 
      derivative product lines have a strong affinity` and rapid dispersement 
      qualities to break hydrocarbon chains on a molecular level for 
      cost-effective remediation and recovery of petroleum products. The 
      company’s prospective markets for remediation 
      and recovery include: oil tank farm cleaning, marine ship cleaning, oil 
      sludge pits, contaminated soil/oil spills, biodiesel, waste oil 
      segregation, heavy oil, tar sands, and Enhanced Oil Recovery, to name a 
      few. Planet Resource Recovery’s pilot 
      manufacturing plant is fully operational with PetroLuxus™ 
      ready for commercialization.
    
    
      For an audio/visual demonstration of PetroLuxus™, 
      click on the link below.
    
    
      
        
          
            http://www.planetresource.net/test76u31b.htm
          
        
      
    
    
      For more information please visit 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.