HOUSTON, Jan. 25, 2011 /PRNewswire/ -- Planet Resource
Recovery, Inc. (Pink Sheets: PRRY) announced today that the
Company's legal team led by Mr. Michael
Louis Minns of the Minns Law Firm, has filed a response and
counterclaim against Kent
Weisenberg/Inspar Field Services, LLC for the intentional
damage to the Company's share value. The Company filed a Motion to
Dismiss in Federal Court on January 20,
2011 and filed its Answers and Counterclaims on January 21, 2011. Planet was served with a Civil
Suit initiated by Weisenberg/Inspar Field Services, LLC on
December 30, 2010.
The documents filed along with Planet's Original Answers to
Weisenberg/Inspar Field Services, LLC Complaint and Counterclaims
can be viewed at Planet's website:
http://www.planetresource.net/pdf/6-main.pdf and
http://www.planetresource.net/pdf/7-main.pdf
In addition to Planet's Lead Counsel – Mr. Michael Louis Minns of the Minns Law Firm, the
Company has expanded its legal team by retaining the Adams Law
Firm. Mr. Will Adams will assist in
this litigation.
Mr. Minns won the largest Test Case Petitioner Refund case in US
history in Dixon vs. Commissioner representing the interests of
1300 airline pilots, including numerous Houston based Continental pilots. The
IRS was found guilty of fraud and two IRS attorneys were suspended
from the practice of law as a result of complaints filed by Minns
on behalf of the pilots. Minns has appeared on The Today Show, Hard
Ball, Geraldo, MSNBC, ABC, NBC, CBS, and numerous other
stations. His victories have been written up in the
New York Times, The Houston Post, The
Houston Chronicle, The US Observer, and many other papers.
Minns has authored two popular books on law, The Underground
Lawyer, and How to Survive the IRS. Minns has authored two
law journal articles on income tax defense.
Mr. Adams is double Board Certified and a life member of the
prestigious Multi-Million Dollar Advocates Forum. Will Adams has been featured in Texas Monthly as
a Super Lawyer, a Super Lawyer Rising Star, by H Texas Magazine as
a Top Houston Personal Injury Attorney and Top Lawyer for the
People, and in other publications. Will currently sits on the board
of directors for the Texas Trial Lawyers Association. He
received his undergraduate and law degrees from Southern Methodist University in Dallas.
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 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:
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Planet Resource Recovery,
Inc.
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Investor Relations:
Jillian Payne,
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623-238-5245
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jn.young@hotmail.com
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SOURCE Planet Resource Recovery, Inc.