Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. (PINK SHEETS:PRRY) is pleased to announce
a follow up to the press release on 5-28-08 regarding collaboration with
Affordable Bio Feedstock of Florida. Representatives from both companies
have joined together and completed tests to evaluate processes and
techniques for utilizing Planet Resource Recovery, Inc.’s
premier product, PetroLuxus™, for separation
and recovery of oils from trap grease and other sources for waste
grease. Tests have proven that a high percentage of oil can be separated
and recovered while providing residual water that is environmentally
friendly and reduces disposal issues.
The most recent tests and study have culminated in the design of a
process to be initiated with building the first plant to extract a
quality grease feedstock from waste trap grease. Affordable Bio
Feedstock has determined the plant location and has ordered the
necessary equipment to build their first grease extraction facility. The
company stated that it was on a fast track for construction of the plant
with the intention to be operational within thirty to forty-five days.
Waste grease sources have been established for initial production and
several clients for the finished grease feedstock are committed.
Discussions are currently underway to develop a model that determines
projections for production requirements of PetroLuxus™
beyond the initial phase of operation. Plans are for Affordable Bio
Feedstock to systematically expand the initial plant capabilities and to
build additional, strategically placed facilities in other locations
with waste grease resources which will gradually increase their demand
for PetroLuxus™ products.
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.