American BioDiesel Fuels Corp fka ABDL

[Stock Stallion]

NEWS:

ABDL American Biodiesel Fuels Corp. and Planet Resource Recovery, Inc. Complete Acquisition
Monday February 26, 9:00 am ET

HOUSTON--(BUSINESS WIRE)--American Biodiesel Fuels Corp. (PINK SHEETS:ABDL - News) and Planet Resource Recovery, Inc. have completed the acquisition through the execution of a share exchange agreement as announced on February 12, 2007.

Planet Resource Recovery, Inc. management has assumed control of company. The company submitted and has received the new required CUSIP number from Standard and Poor's CUSIP Service Bureau. Planet Resource Recovery Inc.'s new CUSIP number is 72705J 105.

Having procured the new CUSIP number, Planet Resource Recovery has completed the last component of all required documentation for the submission to the NASD for a name change and request a new trading symbol. Management anticipates becoming effective during the first half of March 2007.

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 products. 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, to name a few. Planet Resource Recovery's pilot manufacturing plant is fully operational with PetroLuxus(TM) ready for commercialization.

For an audio/visual demonstration of PetroLuxus(TM), go to the link below. http://www.planetresource.net/test76u31b.htm

For more information please visit www.planetresource.net

"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.


Contact:

Planet Resource Recovery, Inc.
Enrique Salinas, 281-996-5315
[e-mail]