Planet Resource Recovery, Inc Provides Update on Affordable Bio Feedstock Collaboration

  
    
  
  
    
      Planet Resource Recovery, Inc. (PINK SHEETS:PRRY) is pleased to provide 
      update on collaboration with Affordable Bio Feedstock (ABF) that 
      commenced on May 28, 2008.
    
    
      After representatives from both companies jointly completed testing and 
      evaluation of 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, ABF launched into the construction of their pilot 
      plant in July. To date, ABF is approximately 75 percent completed and is 
      estimated to be online by mid-September 2008.
    
    
      ABF has designed and is constructing a pilot plant to process 20,000 
      gallons per day of waste trap brown grease in the Orlando, Florida area. 
      Septic Tank companies collecting brown waste grease from the food 
      service industry, schools, hotels, penitentiaries, etc. will now have a 
      cost-effective solution to dispose of their collected waste. Once 
      treated with PetroLuxus and processed in the pilot plant, ABF will be 
      able to harvest the oils to provide an affordable bio feedstock to the 
      biodiesel industry. Additionally significant is that the water with 
      entrained brown grease can be recycled as opposed to current costly 
      disposal methods.
    
    
      Based on market research, the State of Florida alone will require 
      approximately 110 plants to treat and process waste brown grease. ABF’s 
      technology has been developed solely around the efficacy of PetroLuxus™ 
      and will be an additional revenue stream for Planet Resource Recovery, 
      Inc. Planet Resource Recovery, Inc. representatives will meet with ABF 
      at the end of August to execute a long-term contract. Planet Resource 
      Recovery, Inc. will work exclusively with ABF for the treatment of waste 
      brown grease in the United States.
    
    
      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. The company is 
      currently focused on the deployment of PetroLuxus(TM) products to the 
      EOR (Enhanced Oil Recovery) industry. Oil Recovery Ventures, Inc., a 
      wholly-owned subsidiary, 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.