Planet Resource Recovery, Inc. and Its Bolivian Subsidiary Raptor Ventures, SLR Granted Commercialization License by Bolivian Au
August 03 2010 - 9:59AM
Marketwired
Planet Resource Recovery, Inc. (PINKSHEETS:
PRRY) is pleased to announce that the company's Bolivian
subsidiary, Raptor Ventures, SLR's corporate charter has been
ratified by Bolivian authorities. The ratification of the company's
corporate charter grants the company the commercial license to
commence mining operations. Commercial operations are slated to
commence before mid-August 2010.
Included in the corporate charter granted by Bolivian
Authorities, Raptor has the right to import and export products and
raw materials including oil and gas in and out of Bolivia. This
opens the door for Raptor Ventures to export its antimony and other
raw material production from its mining operations to the
international marketplace. Raptor will additionally commence the
importation of PetroLuxus™ and other Oil & Gas related products
for entry into the Bolivian oil and gas Industry.
Planet Resource CEO, Kurt Neubauer, in a statement said, "The
import-export license is very important because they are very hard
to procure -- they are not easily obtainable -- and with this
import-export license, we have the right, to not only export our
antimony production, but also gas and oil products. We have already
been contacted by other companies that want to work with us to
export products out of Bolivia. We expect our antimony mine
operations to be up and running within the next seven to ten days.
I will update you with the opening of the operational mine."
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is "Spearheading the Charge for
the Maximum Economic Recovery of our Planet's Resources through
New-Age Products and Technologies!" Technologies developed for and
marketed, is the processes and technologies based on scientific
research and understanding of silicon and siloxane sciences to
enhance the recovery of the planet's resources including metals,
minerals and hydrocarbons and to provide enhanced coatings
resistant to metal corrosion. The thrust is to create new
methodologies to optimize Oil & Gas production, maximize the
harvesting of base and precious metals, the remediation of toxic
heavy metal environmental contamination and the reduction or
elimination of corrosion of metal through the use of proprietary
with breakthrough technologies utilizing advanced science and
chemistry to increase efficiencies, reduce costs, protect the
environment and resources. The development of new chemical
compounds and related processes to maximize efficiencies in the Oil
& Gas Industry, Mining Industry, Environmental Cleanup Industry
and Corrosion Industry through environmentally-friendly,
cost-effective and profitable platforms that are considered
"disruptive technology" and will usher in new paradigm shifts in
industry. Presently, the company is primarily focused on four
distinct markets: 1) Oil & Gas Industry, 2) Remediation of
industry toxic metals & byproducts, 3) Mining of base and
precious metals and 4) Metal Corrosion Industry. The company has
developed the proprietary compounds and is currently developing
their related processes that will result in new technologies and
methodologies for industry. For more information visit:
www.planetresource.net.
"Safe Harbor Statement" Under The Private
Securities Litigation Reform Act of 1995: The statements in this
presentation that relate to the Company's expectations with regard
to the future impact on the Company's results from new products in
development are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The results
anticipated by any or all of these forward-looking statements may
not occur. Additional risks and uncertainties are set forth in the
Company's Annual Report for the year ended December. 31, 2009, the
Company's Quarterly Report for the First quarter ended March 31,
2010. The Company undertakes no obligation to publicly release the
result of any revisions to these forward-looking statements that
may be made to reflect events or circumstances after the date
hereof, or to reflect the occurrence of unanticipated events or
changes in the Company's plans or expectations.
Contact: Planet Resource Recovery, Inc. Investor
Relations: Jillian Young 1-877-878-5333 Email Contact
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