Planet Resource Recovery, Inc. Introduces PetroLuxus(TM) - Proprietary Chemical for the Oil & Gas Sector to Enhance Oil Recovery.HOUSTON -- American Biodiesel Fuels Corp. (Pink Sheets:ABDL ABDL Adult Baby/Diaper lover ABDL Automatic Binary Data Link ) is pleased to introduce Planet Resource Recovery Inc.'s proprietary chemical formulation for the Oil & Gas sector and related industries to enhance oil recovery and remediation. American Biodiesel Fuels Corp. has entered into a Letter of Intent to Acquire Planet Resource Recovery, Inc. resulting in Planet Resource Recovery, Inc. being the surviving company surviving company The company that emerges in control following a business combination. The surviving company is generally one of the firms entering the combination but may be a new company formed by the combination. . Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of PetroLuxus[TM]. PetroLuxus[TM], (Petro - short for Petroleum and Luxus - Latin derivation of Luxate lux·ate v. To put out of joint; dislocate. lux·a  tion n. - to dislocate dis·lo·catev. To displace a body part, especially to displace a bone from its normal position. or dislodge) is a proprietary non-toxic, non-flammable, cost-effective environmentally friendly chemical formulation for the Oil & Gas sector and related industries. PetroLuxus[TM] has a unique affinity for hydrocarbons that disperses rapidly upon treatment eliminating the interfacial surface tension Noun 1. interfacial surface tension - surface tension at the surface separating two non-miscible liquids interfacial tension surface tension - a phenomenon at the surface of a liquid caused by intermolecular forces between hydrocarbons and all matter it contacts including sand, clay, rock, shale. The elimination of surface tension permits oil and non-hydrocarbon material to separate resulting in a stratification of materials by specific gravity specific gravity, ratio of the weight of a given volume of a substance to the weight of an equal volume of some reference substance, or, equivalently, the ratio of the masses of equal volumes of the two substances. . Segregation by specific gravity facilitates efficient extraction of the desired petroleum components. PetroLuxus[TM] offers a vast range of advantages and solutions to oil and gas producers and related industries. The majority of PetroLuxus[TM] applications require little to no heat. Remediation and recovery efforts are expedited compared to current methods. In crude oil production, PetroLuxus[TM] benefits include: viscosity reduction, improved sediment and water separation, de-sulphurization, demulsification and stratification of materials by specific gravity resulting in maximized efficiencies in recovery. Planet Resource Recovery, Inc. has the PetroLuxus[TM] family of products ready for commercialization and utilization in the field. The company is in discussions and seeking additional distributors in the oil & gas sector and related industries. About Planet Resource Recovery, Inc. Planet Resource Recovery, Inc. is a PetroChemical/Oil Services company that has developed a proprietary, environmentally friendly chemical that dislodges hydrocarbons in practically all natural and man-made environments. The company's flagship product, PetroLuxus[TM], and its derivative product lines have a strong affinity and rapid dispersement qualities to break hydrocarbon chains on a molecular level for cost-effective remediation and recovery of petroleum and petroleum-based materials. The company's prospective markets for remediation and recovery include: oil tank farm cleaning, marine ship cleaning, oil sludge pits, contaminated soil/oil spills, biodiesel, waste oil segregation, heavy oil, tar sands, and Enhanced Oil Recovery Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using EOR, 30-60 %, or more, of the reservoir's original oil can be extracted [1] compared with 20-40% [2] , to name a few. Planet Resource Recovery's pilot manufacturing plant is fully operational with PetroLuxus[TM] ready for commercialization. For more information please visit www.planetresource.net For an audio/visual demonstration of PetroLuxus[TM] in action, click on the link for a 3 minute video of an oil sands capture lab test. http://www.planetresource.net/test76u31b.htm "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement: Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. , risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , competitive risks, reliance on development partners and the need for additional capital. |
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