Market Pulse News Alert for this AM, Stocks to Watch are: Planet
Resource Recovery, Inc. (PINKSHEETS: PRRY), Electro-Optical
Sciences Inc. (NASDAQ: MELA), Oracle Corp. (NASDAQ: ORCL) and
Coinstar Inc. (NASDAQ: CSTR).
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, down hole 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 the completion of an
agreement with a recognized leader in the recovery and recycling of
waste oil, Houston, Texas-based Cedar Marine Terminals, a
subsidiary of Vertex Energy, LP! Investors should be watching this
one closely!
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), developer,
manufacturer and marketer of the PetroLuxus(TM) family of products,
is pleased to announce the completion of an agreement with a
recognized leader in the recovery and recycling of waste oil,
Houston, Texas-based Cedar Marine Terminals, a subsidiary of Vertex
Energy, L.P. The agreement defines a clear path to developing
treatment protocols for the use of PetroLuxus(TM) products
utilizing the resources & experience of Cedar Marine Terminals.
PetroLuxus(TM) products will be utilized in processing waste oil to
enhance the quality by reducing undesirable metals and additive
residuals in the oil resulting in higher quality re-refined fuels
and feedstocks and reduced processing and production costs.
Waste oil retains metals from the additives of the original
manufacturer and an assortment of wear metals that are concentrated
during use. The presence of these metals presents problems in
recycling the oil for certain applications and current methods are
inadequate for removal. PetroLuxus(TM) products have been tested
and shown to effectively precipitate (separate) metals from oil and
water in a variety of applications that benefit remediation,
recycling, and production processes. Development will be done at
Cedar Marine Terminals 19 acre facility in Baytown, Texas.
The agreement provides for long term options that promote the
expansion of Cedar Marine Terminals as a leader in the oil
recycling markets and the growth of Planet Resource Recovery, Inc.
as a developer of chemical solutions to meet demanding problems.
Based on estimated projections, Cedar Marine Terminals is
anticipated to initially use up to 2000 gallons of PetroLuxus(TM)
products per month rendering a revenue stream to Planet Resource of
$60,000 monthly. The U.S. generates an estimated 1.3 billion
gallons of used motor oil annually of which only 380 million
gallons are re-refined. The potential for reduction of crude oil
use by better recycling and use of waste oil could reduce crude
consumption. The recovery of one gallon of used oil will produce
2.5 quarts of high quality lube oil and two gallons of recovered
oil which can be used to power a generator to produce enough
electricity to heat an average home for twenty four hours.
About Cedar Marine Terminals L.P.
Cedar Marine Terminals L.P. is a waterfront facility located on
19 acres at the mouth of Cedar Bayou in Baytown, Texas. The
terminal is positioned adjacent to the Houston ship channel
providing the essential functions of supply and distribution of
agricultural and petro-chemical products. Being strategically
located near major metropolitan industrial districts, the location
is ideal for unlimited processing capabilities and terminal
expansion. Cedar Marine Terminal currently serves as a truck-in,
barge out facility providing through-put operations for the
marketing of petroleum products and biofuels by barge into the
Houston market. The management team of CMT is a unique group of
individuals, each specializing in various aspects of petroleum
production and terminal management offering the best truck to barge
solution in the Port of Houston. Cedar Marine Terminals L.P. is a
subsidiary of Vertex Energy, L.P., a leader in the recovery and
recycling of waste oil to multiple markets for use as marine and
bunker fuel, to refineries as cutter stock, and for re-refining.
Vertex Energy, L.P. is a middle market consolidator, refiner and
re-refiner of distressed petroleum streams, such as used oil,
transmix, fuel oils and off-specification commercial chemical
products. Vertex Energy succeeds by delivering outstanding
performance serving as buyer and logistical manager of petroleum
products used for fuels and feedstock throughout 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:
Electro-Optical Sciences Inc. (NASDAQ: MELA), Oracle Corp. (NASDAQ:
ORCL) and Coinstar Inc. (NASDAQ: CSTR).
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Recovery, Inc. compensation from a third party shareholder: seven
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