American Biodiesel Fuels and Planet Resource Recovery Complete Acquisition

Houston, Texas [] American Biodiesel Fuels Corp. and Planet Resource Recovery, Inc. have completed the acquisition through the execution of a share exchange agreement. 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. Now Planet Resource Recovery can apply for a name change and request a new trading symbol. Management anticipates becoming effective during the first half of March 2007.
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