Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. (PINK SHEETS:PRRY), is pleased to
announce that the company has executed a distributor agreement with
Joseph A. Khoury & Associates. Joseph A. Khoury & Associates will
distribute PetroLuxus™ products in Canada with
its initial focus on enhanced oil recovery and well bore & production
string cleanup. Other target markets include oil sands and soil
remediation of Canada’s Oil & Gas industry
sites with environmentally friendly products.
Joseph A. Khoury & Associates was recently formed to solely distribute
PetroLuxus™ products to Canada’s
large oil & gas industry. Mr. Joseph Khoury founded the company after
successful testing of PetroLuxus™ products in
various applications. Mr. Khoury has extensive contacts in Canada’s
Oil & Gas Industry that have previously performed due diligence testing
stating that PetroLuxus™ products are “excellent
products that should provide fantastic results.”
According to Oil and Gas Journal (OGJ), “Canada
had a reported 178.8 billion barrels of proven oil reserves as of
January 2006, second only to Saudi Arabia. However, the bulk of these
reserves (over 95%) are oil sands deposits in Alberta. The inclusion of
oil sands in official reserve estimates is not without controversy,
because oil sands are much more difficult to extract and process than
conventional crude oil. Canada sends over 99 percent of its crude oil
exports to the U.S., and it is one of the most important sources of U.S.
oil imports.”
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.