Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. (Pink Sheets:PRRY), is pleased to
announce its research has lead to new product formulations that create
exciting opportunities and the company’s
decision to seek partners to take new solutions to the market.
Since inception of the company, Planet Resource has been dedicated to
developing its premier product, PetroLuxus(TM), for use to improve oil
recovery in applications, such as well cleaning, matrix stimulation,
corrosion reduction, water flooding, heavy oil treatment, and other
oilfield uses where separation and recovery of hydrocarbon is desirable.
Objectives in this area have been realized and marketing of products for
these applications are well under way.
With development of our base product for use in hydrocarbon separation
and recovery, two years of testing and research have led to the
development of ten chemical variations that offer significant
opportunities in other potential applications. Through research into
product improvement and new product development, Planet Resource’s
research team has developed the methods and process to infuse beneficial
metals into our products that significantly enhance its basic
characteristics and offer potential benefit in a variety of applications
beyond oil and hydrocarbon recovery.
This breakthrough in new chemical variations and the opportunity to
pursue multiple venues in product marketing has led to the decision to
expand growth by seeking partnerships, joint ventures, private labeling,
and other arrangements with outside parties. This decision to expand
partnering is based on the successful results of the recently announced
venture with Affordable Bio Fuels. Planet Resource intends to solicit
partners that will help contribute the resources and commitment needed
to exploit potential applications and large untapped markets.
Increased and enhanced chemical characteristics have been identified in
the new product variations that lead to a range of applications,
including but not limited to the following:
Oxygen Scavenging
Odor control of bio waste
Bacteria and microbe destruction
Parasite control
Fire retardant for paper and wood
Separation, water contaminants
Brine water bacteria
Heavy metals reduction, i.e. barium, titanium, arsenic, etc.
Black liquor treatment
Separation, hydrocarbons
Fuel additive for separation of water and sediments
Water and sediment isolation in tank farms
Isolation of water, sediments and metals in heavy oil
API separators
Oil based drilling mud waste
Drill cuttings
Remediation, hydrocarbon spills and heavy metals contamination
EPA Clean up of spills, MGP sites, refineries, chemical plants,
disposal sites, sludge ponds
Creosote recovery
Heavy metals isolation, treatment and encapsulation
Cleaning, hydrocarbons
Tank bottoms
Marine vessels
Pipelines
Exchangers
These are but a few of the potential uses for new PetroLuxus(TM)
products that offer opportunity for profit and growth while providing
tremendous and exceptional potential for benefits to health and the
environment.
Planet Resource Recovery, Inc. recognizes the prospects for expanded
application of these new products and wants to develop and pursue a
strategy that joins with market leaders. Market leaders can provide
market access and identification, product evaluation, process and
equipment design, and marketing channels to expedite delivery of
beneficial products to market while benefiting in increased profits and
market recognition. Association with these companies, which are
dedicated to growth through strategic use of resources and assets, will
allow Planet Resource to aggressively focus on further advancements of
new technologies while securing its position as a leader in the
innovation and development of smart chemicals for intelligent solutions.
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.