Market Pulse Breaking News Alert for Monday, August 18, 2008: PRRY - Planet Resource Recovery Provides Positive Update on Afford
August 18 2008 - 8:30AM
Marketwired
Market Pulse News Alert for this AM, Stocks to Watch are: Planet
Resource Recovery, Inc. (PINKSHEETS: PRRY), SunPower Corporation
(NASDAQ: SPWR), Spongetech Delivery Systems Inc. (OTCBB: SPNG) and
Ambac Financial Group Inc. (NYSE: ABK).
Investors need to be watching Planet Resource Recovery, Inc.
(PINKSHEETS: PRRY) this AM! Planet Resource Recovery is the
developer and manufacturer of the PetroLuxus(TM) family of chemical
products. PetroLuxus(TM) is a proprietary, environmentally friendly
chemical that dislodges hydrocarbons (oil) in practically all
natural and man-made environments. PetroLuxus(TM) 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(TM) products. RADA Technologies, Inc.
designs and engineers new mechanical processing equipment
proprietary to PetroLuxus(TM) products while simultaneously
providing fuel inventory management services reducing loss to
increase gain for its customers. Oil Recovery Ventures, LLC deploys
PetroLuxus(TM) 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(TM) 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(TM) 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(TM) 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(TM) 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 an update on collaboration
with Affordable Bio Feedstock that commenced on May 28, 2008!
Investors should be watching this one closely!
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), is pleased to
provide update on collaboration with Affordable Bio Feedstock (ABF)
that commenced on May 28, 2008.
After representatives from both companies jointly completed
testing and evaluation of processes and techniques for utilizing
Planet Resource Recovery, Inc.'s premier product, PetroLuxus(TM),
for separation and recovery of oils from trap grease and other
sources for waste grease, ABF launched into the construction of
their pilot plant in July. To date, ABF is approximately 75 percent
completed and is estimated to be online by mid-September 2008.
ABF has designed and is constructing a pilot plant to process
20,000 gallons per day of waste trap brown grease in the Orlando,
Florida area. Septic Tank companies collecting brown waste grease
from the food service industry, schools, hotels, penitentiaries,
etc. will now have a cost-effective solution to dispose of their
collected waste. Once treated with PetroLuxus(TM) and processed in
the pilot plant, ABF will be able to harvest the oils to provide an
affordable bio feedstock to the biodiesel industry. Additionally
significant is that the water with entrained brown grease can be
recycled as opposed to current costly disposal methods.
Based on market research, the State of Florida alone will
require approximately 110 plants to treat and process waste brown
grease. ABF's technology has been developed solely around the
efficacy of PetroLuxus(TM) and will be an additional revenue stream
for Planet Resource Recovery, Inc. Planet Resource Recovery, Inc.
representatives will meet with ABF at the end of August to execute
a long-term contract. Planet Resource Recovery, Inc. will work
exclusively with ABF for the treatment of waste brown grease in the
United States.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer
and marketer of the PetroLuxus(TM) family of products, a
proprietary environmentally friendly chemical compound that
dislodges oil in practically all natural and man-made environments.
The PetroLuxus(TM) family of products are effective and efficient
solutions for the remediation and recovery of petroleum-based
products. PetroLuxus(TM) 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(TM) products. Oil Recovery Ventures, Inc. deploys
PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery
market. For an audio/visual demonstration of PetroLuxus(TM), 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: SunPower
Corporation (NASDAQ: SPWR), Spongetech Delivery Systems Inc.
(OTCBB: SPNG) and Ambac Financial Group Inc. (NYSE: ABK).
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Recovery, Inc. compensation from a third party shareholder: four
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