HOUSTON, Dec. 1, 2010 /PRNewswire/ -- Planet Resource Recovery, Inc. (Pink Sheets: PRRY) is pleased to announce that the company's wholly-owned subsidiary, Raptor Ventures, LLC has executed an Antimony Ore Sales Contract with a Chinese entity. Raptor Ventures will deliver to the buyer's agent in Chile 300 Metric Tons of Antimony raw ore to be assayed for final value of Antimony Ore.
Raptor Ventures, LLC commenced operations at its Sorpresa Antimony mine on September 15, 2010. Since commencement of the operation, Raptor has been ramping up production on a weekly basis. This contract represents production to date at the Sorpresa mine. The company anticipates that once the monthly target is attained, this kind of contract will become a monthly sales event.
In addition to the Antimony Ore value, this sales contract may have additional value due to gold content that has been assayed in the production to date. This value will be determined at the processing facility when the Antimony Ore is processed and refined.
CEO Kurt E. Neubauer, Planet stated, "Our goal in 2010 was to commence the generation of considerable sales from our business units and technologies. This contract represents that we are progressing on our goals. I am very proud of our staff in Bolivia. This contract and additional Antimony production, along with the sales being generated with the sale of our PetroLuxus products is a great wrap up of our fourth quarter and gives us a great future in 2011 to grow our top line."
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is "Spearheading the Charge for the Maximum Economic Recovery of our Planet's Resources through New-Age Technology and Products." The company develops, manufactures, and markets products, processes and technologies based on scientific research and understanding of silicon and siloxane sciences to enhance the recovery of the planet's resources including metals, minerals and hydrocarbons and to provide enhanced coatings resistant to metal corrosion. Our goal is to create new methodologies to optimize Oil & Gas production, maximize the harvesting of base and precious metals, the remediation of toxic heavy metal environmental contamination and the reduction or elimination of corrosion of metal through the use of proprietary with breakthrough technologies utilizing advanced science and chemistry to increase efficiencies, reduce costs, protect the environment and resources. Our vision is to develop new chemical compounds and related processes to maximize efficiencies in the Oil & Gas Industry, Mining Industry, Environmental Cleanup Industry and Corrosion Industry through environmentally-friendly, cost-effective and profitable platforms that are considered "disruptive technology" and will usher in new paradigm shifts in industry. Presently, the company is primarily focused on four distinct markets: 1) Oil & Gas Industry, 2) Remediation of industry toxic metals & byproducts, 3) Mining of base and precious metals and 4) Metal Corrosion Industry. The company has developed the proprietary compounds and is currently developing their related processes that will result in new technologies and methodologies for industry. For more information visit: www.planetresource.net.
"Safe Harbor Statement"
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the company's Annual Report for the year ended December. 31, 2009, the company's Quarterly Report for the Third quarter ended September 30, 2010. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the company's plans or expectations.
Planet Resource Recovery, Inc.
Jillian Payne 1-877-878-5333
SOURCE Planet Resource Recovery, Inc.