Planet Resource Recovery (PK) (USOTC:PRRY)
Historical Stock Chart
From Jul 2019 to Jul 2024
Planet Resource Recovery, Inc. (Pink Sheets:PRRY), is pleased to
announce that the company has reached an agreement with the landlord of
the company’s manufacturing and R&D facility
in Pearland, Texas to expand the building space to accommodate expansion
of manufacturing capacity. The Landlord has commenced the survey and
retention of a contractor to add on approximately an additional 8,000
square feet to the existing 5,000 square feet currently occupied by
Planet Resource Recovery, Inc. Additional space will provide room for
additional proprietary PetroLuxus™
manufacturing units that will increase capacity by 500 percent.
Planet Resource Recovery, Inc. currently leases 5,000 square feet on
approximately 1.3 acres in Pearland, Texas. The additional manufacturing
square footage will allow the company to increase PetroLuxus™
manufacturing capacity by 500 percent. Surveying and permits are
anticipated to be completed and acquired in the next 60 days.
Construction of new additional square footage is anticipated to be
completed 120 days after surveying and permits. Once building is
completed, the company anticipates a term of 60 days to bring additional
capacity on line to provide PetroLuxus™
products to the growing demand.
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.