PRRY Planet Resource Recovery Inc (PK)

Planet Resource Recovery, Inc. (PINK SHEETS:PRRY) is pleased to announce a follow up to the press release on 5-28-08 regarding collaboration with Affordable Bio Feedstock of Florida. Representatives from both companies have joined together and completed tests to evaluate processes and techniques for utilizing Planet Resource Recovery, Inc.�s premier product, PetroLuxus�, for separation and recovery of oils from trap grease and other sources for waste grease. Tests have proven that a high percentage of oil can be separated and recovered while providing residual water that is environmentally friendly and reduces disposal issues. The most recent tests and study have culminated in the design of a process to be initiated with building the first plant to extract a quality grease feedstock from waste trap grease. Affordable Bio Feedstock has determined the plant location and has ordered the necessary equipment to build their first grease extraction facility. The company stated that it was on a fast track for construction of the plant with the intention to be operational within thirty to forty-five days. Waste grease sources have been established for initial production and several clients for the finished grease feedstock are committed. Discussions are currently underway to develop a model that determines projections for production requirements of PetroLuxus� beyond the initial phase of operation. Plans are for Affordable Bio Feedstock to systematically expand the initial plant capabilities and to build additional, strategically placed facilities in other locations with waste grease resources which will gradually increase their demand for PetroLuxus� products. 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.