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Recognized as a global industry expert in areas of refinery design, development and operations, McGinnis brings a wealth of knowledge and international relationships to Planet. McGinnis and Planet's Chief Science Officer, Michael Smallwood, had previously worked together on a project for Valero Oil Company in Aruba. "I am honored that someone of Glenn's stature has joined us in an advisory role at Planet. I am personally excited that the breakthrough technologies perfected by Michael Smallwood allows these two great minds to be reunited", stated Rick Burton, President of Planet. "For Glenn to lend his considerable experience, advice and counsel at this stage of the Company's growth, speaks volumes about our future. It is a significant step forward as we direct our global focus on remediation and recovery of tar sands and oil shale, given his preeminence in this sector of the industry." McGinnis currently serves as Director and Senior Advisor to the "Alberta's First Nations Energy Center", the group developing refinery and carbon sequestration projects on behalf of Indian tribes in Canada, (see http://www.energy.gov.ab.ca/AbRel/639.asp). Originally from Canada, McGinnis was recruited by the owners of Arizona Clean Fuels Yuma, to spearhead their funding and development efforts requisite to build the first new refinery in the United States in over 30 years. This refinery and pipeline project, estimated at $4 billion has received an Air Operating Permit from the state of Arizona and legal authority to develop the pipeline project in Mexico. (see http://www.arizonacleanfuels.com/press.htm). About Glenn McGinnis: Glenn McGinnis holds a Bachelor's degree in Chemical Engineering from McMaster University in Hamilton, Canada, and a Masters of Chemical Engineering degree from the University of Alberta in Edmonton Canada. From 1972 to 1995, he worked for Imperial Oil Limited, an affiliate of Exxon Corporation, in Canada. During this period, he served in various positions in both upstream and downstream divisions including three Refinery Manager positions, Manager of Planning in Downstream and Corporate divisions, Manager of Refining Services including all engineering, construction, safety and environmental services for the Downstream Division. He also served as a Design Supervisor with Exxon Research and Engineering Company and Manager of Supply Coordination for Exxon Company International. In 1995, he joined TransAmerican Refining Company (subsequently Orion Refining Corporation) in Norco Louisiana as Vice President-Manufacturing and subsequently as Chief Executive Officer. This company developed and executed a refinery refurbishment and expansion project for a 160,000 barrel per day refinery costing in excess of $1 billion. During 2002, he served as Vice-President Operations for Aux Sable Liquids Limited, a major gas liquids recovery and fractionation facility associated with the Alliance Pipeline and situated near Morris Illinois. During 2003, Glenn served as Director of Engineering and Planning and subsequently as General Manager for the El Paso Aruba Refinery where he oversaw the development and implementation of over $250 million in projects. In March 2005, Glenn joined Arizona Clean Fuels Yuma LLC as Chief Executive Officer with full responsibility for the development and implementation of a project to permit, build and operate a new 150,000 barrel per day refinery in Arizona. About Planet Resource Recovery, Inc. Planet Resource Recovery, Inc (the "Company") has developed a proprietary platform of products based on a core technology known as PetroLuxus(TM). The Company manufactures and markets the PetroLuxus(TM) platform of products, which represent a disruptive technology for use in the specialty and petrochemical industries. The products are comprised of a series of compounds with a wide array of applications, all of which benefit from its unique ability to dislodge hydrocarbons from organic and inorganic materials. The Company's Phase I revenue approach is comprised of three distinct business units: i) Environmental Remediation ("ER"), ii) Enhanced Oil Recovery ("EOR") and iii) Strategic Business Combinations. The PetroLuxus(TM) platform of products is a "Green Technology." It is a non-toxic, nonflammable and environmentally friendly method of separating hydrocarbons from both man-made and naturally occurring materials. PetroLuxus(TM) truly is a Disruptive Technology. It will disrupt currently accepted best practices and change the way hydrocarbons are being managed and harvested throughout the world. Founded in 2005, the Planet corporate offices are located in Houston, Texas. For more information visit: www.planetresource.com or 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. Planet takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Planet. SOURCE Planet Resource Recovery, Inc. http://www.planetresource.com For full details for PRRY click here.
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