Market Pulse Breaking News Alert for Thursday, Sept. 4, 2008: PRRY -- Planet Resource Recovery Featured Positively in a 1200 Plu
September 04 2008 - 7:30AM
Marketwired
Market Pulse News Alert for this AM, Stocks to Watch are: Planet
Resource Recovery, Inc. (PINKSHEETS: PRRY), Ambac Financial Group
Inc. (NYSE: ABK), BioSolar Inc. (OTCBB: BSRC) and Smurfit-Stone
Container Corp. (NASDAQ: SSCC).
Investors need to be watching Planet Resource Recovery, Inc.
(PINKSHEETS: PRRY) this AM! Planet Resource Recovery is the
developer and manufacturer of the PetroLuxus? family of chemical
products. PetroLuxus? is a proprietary, environmentally friendly
chemical that dislodges hydrocarbons (oil) in practically all
natural and man-made environments. PetroLuxus? products can be
applied to multiple hydrocarbon recovery and production enhancement
applications including: separation and collection of hydrocarbons
in contaminated soil remediation, bio-diesel feedstock treatment to
promote separation of water and particulates, treatment for more
efficient separation and recovery of methanol, fatty acids and
glycerin in bio-diesel production, treatment of rheospectic
compounds produced from the use of oil based drilling muds to
recovery oil and reduce hazardous waste, downhole well stimulation
for enhancing oil production in marginal producing wells, cost
effective and environmentally friendly recovery of oil from Utah
tar sands, cost effective cleaning of storage tank bottoms and oil
recovery, oil recovery and remediation of sludge and tailing ponds,
treatment of heavy oil from removal of water and adulterates with
improvement to flow characteristics, to name a few. Through the
acquisition and formation of wholly-owned subsidiaries, PRRY
deploys the PetroLuxus? products. RADA Technologies, Inc. designs
and engineers new mechanical processing equipment proprietary to
PetroLuxus? products while simultaneously providing fuel inventory
management services reducing loss to increase gain for its
customers. Oil Recovery Ventures, LLC deploys PetroLuxus? through
joint ventures in the Enhanced Oil Recovery market. PRRY commenced
working with an AMEX listed oil production company in January 2008,
with the goal to treat a series of wells to increase oil production
with its down hole treatment product -- PetroLuxus? MMMF. The
company's wells are in the Austin Chalk formation in Texas. Oil
production at the primary treated well for February and March 2008
has been significantly improved with over 285 and 287 barrels,
respectfully, of oil for each month, and through April 21, 2008 the
well has continued to average about ten barrels of oil per day.
PRRY recently announced the collaboration between the company and
Affordable Bio Feedstock of Florida aimed at developing a process
utilizing PetroLuxus? products for the separation and recovery of
oils from waste trap grease materials rendering an affordable,
marketable grease feedstock for biodiesel producers. Affordable Bio
Feedstock has purchase commitments from Biodiesel producers
approaching 50 million gallons of raw feedstock annually once the
technology is developed and deployed. The National Renewable Energy
Lab estimates the US generates 495 million gallons of waste grease
trap material yearly -- which does not include millions of gallons
of waste grease captured at municipal water treatment plants. This
quantity of raw feedstock represents an estimated $25 million per
year revenue stream for Planet Resource Recovery. Planet Resource
Recovery's pilot manufacturing plant is operational with
PetroLuxus? ready for commercialization. PRRY is dedicated to
maximizing the recovery and production of hydrocarbon resources
reducing America's dependency on foreign oil and minimizing the
environmental impact of petroleum based hazardous waste through
ecologically responsible and profitable remediation efforts
benefiting clients, associates and investors. Sales through a
dedicated distributor network, design and construction of specific
applications processes, and participation in joint ventures for
enhanced profitability ensure a strategy of introduction of the
PetroLuxus? family of products to the widest audience. Planet
Resource Recovery is poised to become a significant player in the
petrochemical/oil services industry! PRRY just had excellent news
out in a press release before today's opening bell announcing that
the company has been featured in a 1200 plus word feature on the
front page in the Business Section of the Houston Chronicle!
Investors should be watching this one closely!
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), developer,
manufacturer and marketer of PetroLuxus?, is pleased to announce
that the company has been featured in a 1200 plus word feature on
the front page in the Business Section of the Houston Chronicle.
The feature was published in the September 03, 2008 edition under
the headline "Making every drop count - Houston startup joins
others in trying to get more oil from existing wells."
The feature article highlights Planet Resource Recovery, Inc.'s
launch into the enhanced oil recovery market targeting the vast
quantities of stranded oil stuck in reservoirs with its proprietary
product PetroLuxus?.
The complete feature article can be viewed at
http://www.chron.com/disp/story.mpl/business/5980298.html#Intro
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer
and marketer of the PetroLuxus? 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.
Stocks in the news and acting well as of late include: Ambac
Financial Group Inc. (NYSE: ABK), BioSolar Inc. (OTCBB: BSRC) and
Smurfit-Stone Container Corp. (NASDAQ: SSCC).
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stock, available for public trading as follows: Planet Resource
Recovery, Inc. compensation from a third party shareholder: four
hundred thousand free trading shares of stock in Planet Resource
Recovery, Inc., already received from a third party shareholder. To
date, MP has sold three hundred thousand shares of stock in Planet
Resource Recovery, Inc. for proceeds totaling sixty five thousand
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