ATLANTA, GA -- (MARKET WIRE) -- 07/24/08 -- Market Pulse News Alert for this AM, Stocks to Watch are: Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), Qualcomm Inc. (NASDAQ: QCOM), Intuitive Surgical Inc. (NASDAQ: ISRG) and Wachovia Corp. (NYSE: WB).
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 recover 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 downhole 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 that they have launched and posted its branding commercial titled "America's Oil Independence." Investors should be watching this one closely!
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to announce that the company has launched and posted its branding commercial titled "America's Oil Independence." The commercial has been uploaded to YouTube prior to launch in various Texas markets targeting oil producers and the oil industry as the solution to increased oil production in the US. The commercial can be viewed at http://www.youtube.com/watch?v=0zJQrqK7boQ.
Since inception Planet Resource Recovery, Inc. has been dedicated to developing and providing products to the Oil & Gas industry that maximize crude oil production and recovery. These results are being realized in the field with increased oil production and recovery at numerous wells that have been treated with PetroLuxus(TM) products. Planet Resource Recovery, Inc. is endeavoring to assist American oil producers that operate the roughly 400,000 stripper wells in the United States increase their production cost-effectively lessening the demand for foreign oil.
The commercial is aimed at raising awareness of oil producers and the Oil & Gas industry as the solution to increased crude oil production. The commercial will be airing in the Houston, Dallas, Austin and San Antonio, Texas markets in the near future.
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: Qualcomm Inc. (NASDAQ: QCOM), Intuitive Surgical Inc. (NASDAQ: ISRG) and Wachovia Corp. (NYSE: WB).
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