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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. Takes Steps to Establish Operating Company in Bolivia -- Raptor Mining and Energy, SLR

12/05/2010 6:42pm

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Planet Resource Recovery (PK) (USOTC:PRRY)
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Planet Resource Recovery, Inc. ("PLANET") (PINKSHEETS: PRRY), developer, manufacturer and marketer of PetroLuxus™ and other "Green" technologies for the remediation and recovery of the planet's resources, announced today that the company's wholly-owned subsidiary, Raptor Ventures, LLC has taken steps to establish an operating company in Bolivia. The operating company in Bolivia will be known as Raptor Mining and Energy, SLR, and will administer the company's working interests in Bolivia.

On April 8, 2010, PLANET announced a Joint Venture agreement with Franklin Mining establishing Raptor Ventures, LLC. PLANET's project funding partner, MidWest General has joined the Joint Venture and will assist in providing funding and operational expertise.

Members of the Joint Venture recently returned from Bolivia. While in Bolivia the participants performed a site survey of the San Antonio de Turiri Antimony mine for the commencement of operations. They also evaluated numerous other mining and oil and gas opportunities in Bolivia. A wide range of potential endeavors were explored for the deployment of PLANET's technologies for mining, oil and gas, environmental remediation and corrosion.

The company retained the Ferrere Group as its legal counsel in Bolivia. For more information visit http://www.ferrere.com/web/index/ourfirm.html.

About Planet Resource Recovery, Inc. Houston, Texas-based Planet Resource Recovery, Inc. is the developer, manufacturer, and marketer of unique, environmentally friendly proprietary chemical compounds and processes that will usher in a new paradigm shift in industry. The company is primarily focused on three distinct sectors: 1) Oil & Gas Industry with PetroLuxus™, 2) Remediation of mining toxic byproducts and 3) mining of base and precious metals. The company has developed multi-dimensional compounds and their related processes, technologies and methodologies to provide these sectors enhanced benefits and revenue opportunities. For more information visit: www.planetresource.com or www.petroluxus.com.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional information is available at www.FranklinMining.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. Planet takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Planet.

Media Contact: Rod Mitchell 281-350-5506 Email Contact A.S. Austin Company 858-537-7439 Email Contact

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