Planet Resource Recovery, Inc. (PINK SHEETS:PRRY), is pleased to announce the appointment of Mr. Lawrence Clayton, Jr. to its advisory board. Mr. Clayton is a private consultant with significant financial and operational energy expertise in high growth energy companies, where he has served as Chief Financial Officer and Senior Vice President over the past 20 years. Mr. Clayton will sit on the Planet Resource Recovery, Inc. Advisory Board advising senior management in financial analysis, deal-structuring, strategic planning, financial planning and business modeling. Mr. Clayton�s prior senior executive officer experience includes: Aquila Energy, wholesale energy marketer with annual revenues of $17 billion, EOTT Energy, crude oil gathering, transportation and marketer, with annual revenues of $10 billion and Commerce Energy Group, Inc., retail energy marketer with annual revenues of $300 million. Mr. Clayton earned Bachelors (Business) and Masters (Accounting) degrees from Rice University, Houston, Texas. 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.
Planet Resource Recovery (PK) (USOTC:PRRY)
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