Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. (Pink Sheets:PRRY), developer,
manufacturer and marketer of the PetroLuxus™
family of products, is pleased to announce that the company has retained
Wilshire Capital Group, Inc. to provide the company with Business
Development and strategic business advisory services. Wilshire Capital
Group, Inc. will assist Planet Resource Recovery, Inc. in its future
endeavors. Wilshire Capital Group, Inc. will commence its strategic
business advisory services on an immediate basis.
Wilshire Capital Group, Inc. is a specialty firm providing business
planning, investment banking, and advisory services to the energy
industry. The firm provides its clients with services specifically
tailored to each client’s needs. Wilshire
brings both national and international network of relationships
providing the resources needed to successfully develop and support the
diverse demands of growing companies.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is a holding company spearheaded by its
Petrochemical manufacturing unit that has developed PetroLuxus™,
a proprietary environmentally friendly chemical compound that dislodges
oil in practically all natural and man-made environments. The PetroLuxus™
family of products is an effective and efficient solution for the
remediation and recovery of petroleum based products. PetroLuxus™
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,
biodiesel, to name a few.
Through the acquisition and formation of wholly-owned subsidiaries,
Planet Resource Recovery, Inc. deploys the PetroLuxus products. RADA
Technologies, Inc. engineers new mechanical processing equipment
proprietary to PetroLuxus products while simultaneously providing fuel
inventory management services reducing loss to increase gain for its
customers. Oil Recovery Ventures, Inc. deploys PetroLuxus™
through joint ventures in the Enhanced Oil Recovery market.
For an audio/visual demonstration of PetroLuxus™,
click on the link http://www.planetresource.net/index-21.html
For more information please visit www.planetresource.net
or http://www.petroluxus.com
For information on Wilshire Capital Group visit www.wilshirecapitaltexas.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.