Planet Resource Recovery, Inc. Forms Oil Recovery Ventures, LLC to Deploy PetroLuxus(TM) in the Enhanced Oil Recovery Market

  
    
  
  
    
      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 has formed a 
      wholly-owned subsidiary, Oil Recovery Ventures, LLC in the State of 
      Texas. Oil Recovery Ventures, LLC was established to develop the 
      technology and protocols for deployment of the company’s 
      proprietary chemical formulation – PetroLuxus™. 
      The unique characteristics of the PetroLuxus™ 
      effect in oil bearing structures will provide an ideal solution to the 
      enhanced oil recovery market.
    
    
      According to the Office of Fossil Energy of the US Department of Energy, 
      "More than 60% of all known oil reserves in the United States remain 
      untapped because of difficulties in extraction from the ground."
    
    
      The marginal well segment – wells that oil 
      production has slowed to 15 barrels a day or less - the Office of Fossil 
      Energy estimates, “there are nearly 500,000 of 
      these wells in the US, and together they produce about the same amount 
      of oil as America imports from Saudi Arabia.” 
      Due to extraction difficulties and high cost, many marginal wells have 
      been left to continued dwindling oil production until no longer viable 
      and plugged or abandoned.
    
    
      Oil Recovery Ventures, LLC will utilize a specially blended PetroLuxus™ 
      derivative for the enhanced oil recovery market that seeks out 
      hydrocarbons in-situ and eliminates the interfacial surface tension 
      between oil and all matter its in contact with including sand, clay, 
      rock and shale. The treatment dislodges the oil for a cost effective 
      extraction. Oil Recovery Ventures, LLC will develop additional 
      technologies and protocols for the enhanced oil recovery markets. The 
      venture is seeking venture partners to deploy the technology.
    
    
      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(TM), 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(TM) ready for commercialization.
    
    
      For an audio/visual demonstration of PetroLuxus(TM), 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.