Planet Resource Recovery, Inc. Files Response and
Counterclaim to Inspar/Weisenberg Complaint
HOUSTON, Jan. 25, 2011 /PRNewswire/ -- Planet Resource Recovery, Inc. (Pink Sheets: PRRY) announced today that the Company's legal team led by Mr. Michael Louis Minns of the Minns Law Firm, has filed a response and counterclaim against Kent Weisenberg/Inspar Field Services, LLC for the intentional damage to the Company's share value. The Company filed a Motion to Dismiss in Federal Court on January 20, 2011 and filed its Answers and Counterclaims on January 21, 2011. Planet was served with a Civil Suit initiated by Weisenberg/Inspar Field Services, LLC on December 30, 2010.
The documents filed along with Planet's Original Answers to Weisenberg/Inspar Field Services, LLC Complaint and Counterclaims can be viewed at Planet's website: http://www.planetresource.net/pdf/6-main.pdf and http://www.planetresource.net/pdf/7-main.pdf
In addition to Planet's Lead Counsel - Mr. Michael Louis Minns of the Minns Law Firm, the Company has expanded its legal team by retaining the Adams Law Firm. Mr. Will Adams will assist in this litigation.
Mr. Minns won the largest Test Case Petitioner Refund case in US history in Dixon vs. Commissioner representing the interests of 1300 airline pilots, including numerous Houston based Continental pilots. The IRS was found guilty of fraud and two IRS attorneys were suspended from the practice of law as a result of complaints filed by Minns on behalf of the pilots. Minns has appeared on The Today Show, Hard Ball, Geraldo, MSNBC, ABC, NBC, CBS, and numerous other stations. His victories have been written up in the New York Times, The Houston Post, The Houston Chronicle, The US Observer, and many other papers. Minns has authored two popular books on law, The Underground Lawyer, and How to Survive the IRS. Minns has authored two law journal articles on income tax defense.
Mr. Adams is double Board Certified and a life member of the prestigious Multi-Million Dollar Advocates Forum. Will Adams has been featured in Texas Monthly as a Super Lawyer, a Super Lawyer Rising Star, by H Texas Magazine as a Top Houston Personal Injury Attorney and Top Lawyer for the People, and in other publications. Will currently sits on the board of directors for the Texas Trial Lawyers Association. He received his undergraduate and law degrees from Southern Methodist University in Dallas.
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 31, 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.
Contact:
Planet Resource Recovery, Inc.
Investor Relations: Jillian Payne,
623-238-5245
jn.young@hotmail.com
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Planet Resource Recovery Inc | 10101 Southwest Fwy | Suite 300 | Houston | TX | 77074 | |