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Thursday, September 20, 2012 10:50:12 AM
PRESS RELEASE
September 20, 2012
For Immediate Release
Contact:
281-213-5622
Planet Resource Recovery Inc
Planet Resource Recovery, Inc. Publishes Financials for
2011 and 2Q 2012
Highest Sales Revenues in Company History
HOUSTON - September 20, 2012 - Planet Resource Recovery, Inc. (PINK SHEETS: PRRY) announced today that the Company has published its financial statements for the 12 months ended December 31, 2011 and the six month period ended June 30, 2012. The unaudited financial statements are available at www.OTCMarkets.com.
Sales Revenues for the six months ended June 30, 2012 were $208,679, a 96% increase, when compared to Sales Revenue of $106,407 for the twelve month period ended December 31, 2011. Operational Expenses for the six months ended June 30, 2012 were $193,289 versus $1,257,191 for the fiscal year ended December 31, 2011, a reduction of approximately 70% on an annualized basis. Net Income for the six months through June 30, 2012 was $24,564 versus a net loss of $1,174,935 for twelve months of fiscal 2011.
Enrique Salinas, the Company's CEO, said, "We are very pleased with the progress we have made this year in positioning our PetroLuxus family of products for continued revenue growth, while at the same time, substantially improving expense control
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