Planet Resource Recovery, Inc. Signs International Distributor to Market PetroLuxus(TM) Products in Nigeria

  
    
  
  
    
      Planet Resource Recovery, Inc. (Pink Sheets:PRRY) is pleased to announce 
      the Company has executed a Distributor Agreement to market 
      PetroLuxus(TM) products in the African Nation of Nigeria. Kobal Global 
      (Nig) Ltd. will market PetroLuxus(TM) chemical solutions for tank 
      cleaning, well bore and production string cleanup and enhanced oil 
      recovery/well stimulation to the oil rich nation of Nigeria.
    
    
      Kobal Global (Nig) Ltd. will make use of its many associations and 
      contacts to establish a productive market environment for PetroLuxus(TM) 
      products. Planet Resource anticipates use of PetroLuxus(TM) products in 
      Nigeria will produce similar positive results it has realized in the 
      United States. Through the use of “WC-100” 
      well bore and production string cleanup and “MMMF” 
      formation stimulation and enhanced oil recovery products, operators in 
      Nigeria will experience renewed life in old production formations.
    
    
      Nigeria is the largest oil producer in Africa, the eleventh largest 
      producer of crude oil in the world and the world’s 
      eight largest exporter of crude oil and the country is a major oil 
      exporter to the United States with 42 percent of its crude exports going 
      to the United States in 2006. According to Oil and Gas Journal, Nigeria 
      had 36.2 billion barrels of proven oil reserves as of January 2007 and 
      the Nigerian government plans to expand its proven reserves to 40 
      billion barrels by 2010.
    
    
      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.