Planet Resource Recovery, Inc. Appoints New Corporate President
April 13 2009 - 8:00AM
Marketwired
Planet Resource Recovery, Inc. ("Planet" or the "Company")
(PINKSHEETS: PRRY), developer, manufacturer, and marketer of the
PetroLuxus� line of environmentally friendly specialty chemical
technology products, announced today the appointment of Rick L.
Burton as President of the Company, effective immediately. Mr.
Burton will also become a member of the Company's Board of
Directors.
Mr. Burton, 56, has a distinguished and successful career as a
businessman and entrepreneur. Mr. Burton has significant experience
in business management, government affairs and commercial finance.
Throughout his 35 year career, Mr. Burton has developed, built and
financed a series of successful enterprises. His endeavors include
a broad spectrum of industries including commercial real estate,
oil and gas exploration and production, new renewable energy
initiatives, aviation operations and corporate finance.
Prior to joining Planet, Mr. Burton was a recognized industry
leader and nationally renowned developer of large-scale commercial
real estate developments and a series of fixed-based operations
(FBO) private jet centers in the Southwestern United States. Mr.
Burton has developed such high profile projects such as Zanjero in
Glendale, Arizona, anchored by Cabela's and featuring several
nationally branded hotels and restaurants. Mr. Burton was
instrumental in procuring the relocation and development of the new
spring training facility for the Los Angeles Dodgers and Chicago
White Sox in Arizona and successfully arranged $250 million of
commercial financing for the acquisition of a substantial real
estate and aviation portfolio primarily in Nevada and Arizona.
Mr. Burton will assume the position previously held by Planet
Founder and Chief Executive Officer, Mr. Kurt E. Neubauer, Jr., who
will continue to serve as Chairman of the Board and Chief Executive
Officer.
Mr. Neubauer stated, "Rick brings a depth and breadth of
knowledge and business acumen to the Company, particularly in the
areas of management, finance, operations and business development.
His background will blend well with the technical and operational
experience of the existing management team. Rick understands the
technology and its applications, and shares our vision as we
continue to establish our role as an industry leader in disruptive
technologies related to soil remediation, clean coal technologies,
and oil and gas production. We are very pleased to have him join
our senior management team during this exciting period in the
company's history."
In addition to his business acumen, Mr. Burton and his family
actively participate in non profit endeavors such as the Boys and
Girls Clubs of America, Phoenix Suns Charities, Arizona
Diamondbacks Charities, the I AM Foundation, the Greater Phoenix
Economic Council, the Lili Claire Foundation and the Miss America
Scholarship Organization.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is a developer, manufacturer and
marketer of the PetroLuxus� line of disruptive technologies within
the field of specialty chemicals. We manufacture proprietary
products that are cost-effective, highly efficient alternatives to
existing methods of implementing above and below ground soil
remediation, oil and gas production, and clean coal technologies.
The Company's proprietary platform of oxygen-scavenging products
are environmentally friendly chemical compounds that dislodge oil
and other particulate matter at a molecular level from virtually
all natural occurring and man-made environments, thus removing the
unwanted contaminates and leaving in place innocuous and acceptable
levels of material for varied usages. PetroLuxus� products are also
applicable to enhanced oil and gas recovery, oil sands, oil spills,
oil tank farm cleaning, marine barge and ship cleaning, remediation
of oil sludge pits, treatment of raw fuel feedstocks, waste oil
segregation and biodiesel manufacturing. Through the acquisition
and formation of certain wholly owned subsidiaries, the Company
deploys its PetroLuxus� product lines to specialty markets through
Oil Recovery Ventures, Inc., and other market-specific
subsidiaries.
For an audio/video demonstration of PetroLuxus� and information
about its safety, efficacy and specific application performance
click on the link http://www.planetresource.net/index-21.html.
For more information about the Company visit
http://www.planetresource.net or http://www.petroluxus.com.
Safe Harbor Statement
Certain statements in this release are "forward-looking"
statements as defined in the Private Securities Litigation Reform
Act of 1995. Such statements are subject to numerous risks and
uncertainties. Actual results may vary significantly from the
results expressed or implied in such statements. Factors that could
cause actual results to materially differ from forward-looking
statements include, but are not limited to, the Company's ability
to meet the terms and conditions required to obtain necessary
financing, risks and delays associated with product development,
risk of market acceptance of new products, risk of technology or
product obsolescence, competitive risks, reliance on development
partners, the current and future economic climate, the ability to
protect the Company's trade secrets, trademarks, and other
intellectual property, and the need for additional capital.
Company Contact: Enrique M. Salinas III Chief Communications
Officer Planet Resource Recovery, Inc. U.S. 281-996-5315 Email
Contact Media Contact: Rodney Mitchell President & CEO
Adventures in Media Corporation U.S. 281-350-5506 Email Contact
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