Planet Resource Recovery, Inc. Completes Independent Audit of Financials for Filing of Form 10-SB
April 10 2008 - 7:30AM
Business Wire
Planet Resource Recovery, Inc. (PINK SHEETS:PRRY) developer,
manufacturer and marketer of the PetroLuxus(TM) family of products,
is pleased to announce that the company�s independent auditor has
completed the financial audit of the company for the fiscal years
ended February 29, 2008 and February 28, 2007. The audited
financial statements will be posted on Pinksheets.com and have been
submitted to the company�s SEC Counsel, Axelrod, Smith &
Kirshbaum for inclusion in the Form 10-SB filing to the Securities
and Exchange Commission. Upon the effectiveness of the Form 10-SB
filed, Planet Resource Recovery, Inc. will be eligible to elevate
its stock trading status from the Pink Sheets to a large, more
broadly accepted stock trading exchange. Planet Resource Recovery,
Inc., announced the retaining of PS Stephenson & Co., P.C. as
it independent auditor on December, 18, 2007. PS Stephenson &
Co., P.C. audited the consolidated balance sheets of Planet
Resource Recovery, Inc. and its subsidiaries, as of February 29,
2008 and February 28, 2007, and related statements of operations,
stockholders� equity and cash flows for the years then ended. 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� family of products are effective and
efficient solutions 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 and biodiesel, to name a
few. Through the acquisition and formation of wholly owned
subsidiaries, Planet Resource Recovery, Inc. deploys the
PetroLuxus� products. 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 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.
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