Planet Resource Recovery, Inc. Adds S. Jeffrey Johnson to Advisory Board Committee
August 17 2011 - 8:00AM
Marketwired
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to
announce the addition of S. Jeffrey Johnson to the Company's
Advisory Board. Mr. Johnson will advise the Company on corporate
finance, execution of the Company's business plan,
commercialization of PetroLuxus™ and other potential applications
of PetroLuxus in the oil & gas industry, including secondary
and Enhanced Oil Recovery applications.
Mr. Johnson was the founder of Cano Petroleum, Inc. (NYSE/Amex)
in 2004 and served as Chairman and CEO from 2004-2011. Prior to
founding Cano, he was CEO of Scope Operating Company (1998-2004)
and the founder and CEO of Acumen Resources, Inc. (1993-1998). From
1989-1993, Mr. Johnson was Vice President of Touchstone Capital,
where his primary duties included the structuring and funding of
drilling programs for Chesapeake Energy in South Texas. Mr. Johnson
currently serves as Chairman of the Board for Circle Star Energy,
an OTC listed oil and gas company and serves on the Board of
Directors of Y2M, a non-profit organization established to mentor
young men who may not have positive male role models in their daily
life. Mr. Johnson is also the managing member of High Plains Oil,
LLC, a private oil company he founded in April 2011, and has
previously served on the NYSE/Amex Listed Company Counsel.
Mr. Johnson stated, "I am both honored and excited to be working
with Mr. Salinas and the Planet Resource team. I am particularly
enthusiastic about PetroLuxus and the potential this product has
exhibited as a low cost, low maintenance EOR product. Field tests
have indicated meaningful results leading me to believe that the
PetroLuxus technology could potentially be a 'game changer' as it
relates to increased production and extending the life of mature
oil wells."
Mr. Johnson joins other Planet Resource Recovery Advisory Board
members, Mr. Jim Miller, Corporate Advisor and Mr. Emil Pena of the
National Corrosion Center.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer
and marketer of PetroLuxus™, a Green Technology that maximizes
hydrocarbon recovery in the Oil & Gas industry. Documented well
history case studies indicate deployment of PetroLuxus technologies
has helped Oil & Gas Operators reduce maintenance costs,
decrease downtime and increase oil recovery. 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.
281-213-5622 Email Contact
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