Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. (PINK SHEETS:PRRY) developer,
manufacturer and marketer of the PetroLuxus(TM) family of products, is
pleased to announce that the company’s
independent auditor has completed the financial audit of the company for
the fiscal years ended February 29, 2008 and February 28, 2007. The
audited financial statements will be posted on Pinksheets.com and have
been submitted to the company’s SEC Counsel,
Axelrod, Smith & Kirshbaum for inclusion in the Form 10-SB filing to the
Securities and Exchange Commission. Upon the effectiveness of the Form
10-SB filed, Planet Resource Recovery, Inc. will be eligible to elevate
its stock trading status from the Pink Sheets to a large, more broadly
accepted stock trading exchange.
Planet Resource Recovery, Inc., announced the retaining of PS Stephenson
& Co., P.C. as it independent auditor on December, 18, 2007. PS
Stephenson & Co., P.C. audited the consolidated balance sheets of Planet
Resource Recovery, Inc. and its subsidiaries, as of February 29, 2008
and February 28, 2007, and related statements of operations, stockholders’
equity and cash flows for the years then ended.
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.