Planet Resource Recovery, Inc. Engages Auditors to Audit Financials for Filing of Form 10-SB

Business Wire, Dec 18, 2007

HOUSTON -- Planet Resource Recovery, Inc. (Pink Sheets:PRRY), developer, manufacturer and marketer of the PetroLuxus[TM] family of products, announced today that the company has engaged PS Stephenson & Co., P.C. as the company's financial auditors. PS Stephenson & Co., P.C. will conduct and complete the audit to be filed with the Securities and Exchange Commission as part of the company's Form 10-SB filing. Upon the effectiveness of the Form 10-SB filed with the SEC, Planet Resource Recovery, Inc. will be eligible to elevate its stock trading status form the Pink Sheets to a larger, more broadly accepted stock trading exchange.

PS Stephenson & Co., P.C. will audit the consolidated balance sheets of Planet Resource Recovery, Inc. and subsidiaries as of October 31, 2007 and related statements of operations, stockholders' equity and cash flows for the year then ended. The audit is anticipated to be completed during the first portion of calendar 1Q 2008.

The engagement of PS Stephenson & Co., P.C. as auditors, coupled with retaining Axelrod, Smith & Kirshbaum as SEC counsel, completes all parties required to file Planet Resource Recovery, Inc.'s Form 10-SB with the Securities and Exchange Commission.

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc. is a holding company spearheaded by its Petrochemical manufacturing unit that has developed PetroLuxus[TM], a proprietary environmentally friendly chemical compound that dislodges oil in practically all natural and man-made environments. The PetroLuxus[TM] family of products is an effective and efficient solution 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, biodiesel, to name a few.

Through the acquisition and formation of wholly-owned subsidiaries, Planet Resource Recovery, Inc. deploys the PetroLuxus products. RADA Technologies, Inc. engineers new mechanical processing equipment proprietary to PetroLuxus products while simultaneously providing fuel inventory management services reducing loss to increase gain for its customers. 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/test76u31b.htm.> For more information please visit 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 its project 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 and the need for additional capital.