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.