HOUSTON, Dec. 1, 2010 /PRNewswire/ -- Planet Resource
Recovery, Inc. (Pink Sheets: PRRY) is pleased to announce that
the company's wholly-owned subsidiary, Raptor Ventures, LLC has
executed an Antimony Ore Sales Contract with a Chinese entity.
Raptor Ventures will deliver to the buyer's agent in Chile 300 Metric Tons of Antimony raw ore to
be assayed for final value of Antimony Ore.
Raptor Ventures, LLC commenced operations at its Sorpresa
Antimony mine on September 15, 2010.
Since commencement of the operation, Raptor has been ramping up
production on a weekly basis. This contract represents production
to date at the Sorpresa mine. The company anticipates that once the
monthly target is attained, this kind of contract will become a
monthly sales event.
In addition to the Antimony Ore value, this sales contract may
have additional value due to gold content that has been assayed in
the production to date. This value will be determined at the
processing facility when the Antimony Ore is processed and
refined.
CEO Kurt E. Neubauer, Planet
stated, "Our goal in 2010 was to commence the generation of
considerable sales from our business units and technologies. This
contract represents that we are progressing on our goals. I am very
proud of our staff in Bolivia.
This contract and additional Antimony production, along with the
sales being generated with the sale of our PetroLuxus products is a
great wrap up of our fourth quarter and gives us a great future in
2011 to grow our top line."
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 Technology and Products." The company develops,
manufactures, and markets products, 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. Our goal 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. Our vision is to develop 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 Third quarter ended September 30, 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:
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Planet Resource Recovery,
Inc.
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Investor Relations:
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Jillian Payne
1-877-878-5333
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jn.young@hotmail.com
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SOURCE Planet Resource Recovery, Inc.