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PRRY Planet Resource Recovery Inc (PK)

0.0002
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Planet Resource Recovery Inc (PK) USOTC:PRRY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0002 0.0002 0.004 0.00 01:00:00

Planet Resource Recovery, Inc. Retains Sales Consultant to Establish Sales Force for PetroLuxus™ EOR Products in Western US

08/01/2009 2:33pm

Business Wire


Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. (PLANET) (Pink Sheets:PRRY), developer, manufacturer and marketer of the PetroLuxus(TM) family of products, is pleased to announce that the company has retained a veteran sales establishment executive to develop a market presence for PetroLuxus™ Enhanced Oil Recovery products in the Western United States. PLANET tapped Mr. Michael Sullivan to immediately lay the foundation and establish a sales force presence. To date, Mr. Sullivan has recruited seven professional salesmen from the chemical and oil & gas industries to lead the market penetration and presence initiative. Michael Sullivan has over thirty years of sales and marketing experience. He had been recognized for his ability to establish start-up company sales & marketing departments through his experience and development of sales protocols, training, manuals and identifying sales force efficiencies. Mr. Sullivan began his career in 1977 when was hired by Toshiba of North America. Shortly after being hired, based on his sales production performance, he was promoted to management, where he went on to build one of Toshiba's top sales organizations. In 1979 Michael took his sales management skills in a new direction when he was recruited to build a loan origination department for Wells Fargo mortgage division - Banco Mortgage. He spent over three and half years at Banco, and ultimately built that operation to number one in the country, a standing he held for three years. In 1985 he was recruited by an investor to build the sales force of a brand new mortgage company from scratch. His new company, Heritage Capital Mortgage, Inc. became the largest retail mortgage company in the State of Colorado. Michael founded his own mortgage company in 1987 - Ambassadors First Mortgage, Inc. At AFM he served as president, managing a staff of 30 mortgage officers, and introducing new techniques for customer relations that have become a model for other mortgage and banking companies across the country. For the past 11 years he managed his real estate investments under the banner of Michael R. Sullivan Mortgage. Additionally during this time, he consulted others on the establishment of productive and efficient sales departments. He is an alumni of Colorado State University, where he majored in Business Accounting. Michael and his wife Nancy have three children and reside in Littleton, CO. 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.

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