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Wednesday, October 5, 2022

Planet Resource Recovery (OTCMKTS: PRRY) Under Accumulation as Co Gears up to Recommence Manufacturing MAX ATVs

Planet Resource Recovery (OTCMKTS: PRRY) has made a big move northbound after the Company announced it has acquired the intellectual property and tooling associated with the MAX Amphibious ATV (All-Terrain Vehicle) product line. The company is gearing up to recommence manufacturing of MAX ATVs, which were originally manufactured by Recreatives Industries Inc., The company’s new MAX parts website will soon go live, which will firmly establish PRRY as the official supplier of genuine OEM MAX parts and accessories. The company believes this is a major step in reviving the MAX brand as well as reawakening the customer base; building, refining, and establishing a sales infrastructure; and eventually becoming a significant revenue generating department.  

PRRY is starting to get noticed by some big-time players in small caps and it’s easy to see why; currently trading at a total market valuation of just $1.9 million PRRY has a tiny float of just 57,296,760 shares. Management has big plans, according to a recent press release PRRYs goals in subsequent years include uplisting to OTCQB and eventually to NASDAQ as well as acquiring select vendors for supply chain consolidation.  

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Planet Resource Recovery (OTCMKTS: PRRY) is a Nevada-based company that has recently acquired the intellectual property and tooling associated with the MAX ATV (all-terrain vehicle) product line and will begin manufacturing MAX ATVs (originally manufactured by Recreatives Industries Inc. between 1970-2013) in New York state. The Company’s management has a collective of 56-plus years of experience in manufacturing, engineering, business management, eCommerce, and finance, and the company President was General Manager of Recreatives Industries for more than 20 years.  

PRRY will capitalize on MAX’s brand legacy of 52 years as well as the proven product design embedded in all the intellectual property developed over decades and now exclusive to PRRY. The company will initially focus on building the recreational/light utility MAX all-terrain vehicle (ATV) product line from existing, proven designs, which will serve to re-build the supply chain and re-gain acceptance more rapidly into the broader global ATV market which continues to grow at over 1,010,000 units per year. Once the supply infrastructure, assembly line, and sales channels have all been re-activated and developed for the MAX ATV product line, PRRY has forward-looking plans to diversify its product portfolio by investing heavily in focused R&D to bring pragmatic new vehicles and accessories to market in a compressed timeframe. 

Planet Resource Recovery Inc. (@PlanetPrry) / TwitterIn July the Company completed its Reg A+ Offering Statement and in concert with the filing has re-capitalized the company with an increase in the authorized share structure. PRRY CEO Andrew Lapp said at the time, “The Companys Board of Directors believes that proceeding with a Regulation A Offering will enable the company to raise the capital that’s required to procure tooling and aggressively purchase production quantities of inventory from over 100 legacy MAX vendors to manufacture complete vehicles beginning in 2023. The board also intends to hire experienced former MAX engineers in the near term as well as secure a suitable manufacturing plant in western New York that can accommodate our sales growth, which is forecasted to exceed 2,000 vehicles annually by 2026. We see this as the optimal move for us as a company as well as for incoming and existing shareholders. 

MAX ATVs were originally manufactured by Recreatives Industries Inc. of Buffalo, New York between 1969-2013. In November 2021, PRRY acquired the MAX all-terrain vehicle brand and assets, including all intellectual property in the form of CAD drawings, for a pre-existing line of successful vehicles and accessories, 43 years of supplier and customer records, the historic toll-free telephone number and website URL, and physical assets including all major tooling to manufacture MAX vehicles. 

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PRRY will initially focus on building the recreational/light utility MAX all-terrain vehicle product line from existing, proven designs, which will serve to re-establish the supply chain and regain acceptance more rapidly into the broader global ATV market, which continues to grow at over 1,010,000 units per year. In essence, PRRY will reactivate the assembly line for proven products built using pre-existing designs. This will jump-start the company in a compressed timeframe, which in turn allows new products to be launched sooner to fuel growth. 

Planet Resource Recovery, Inc. Acquires MAX Amphibious Six-Wheel Drive  All-Terrain VehiclesOn August 10 PRRY announced it has acquired the intellectual property and tooling associated with the MAX Amphibious ATV (All-Terrain Vehicle) product line (www.maxatvs.com). The company is gearing up to recommence manufacturing of MAX ATVs, which were originally manufactured by Recreatives Industries Inc., between 1969-2013 in Buffalo, New York. The company’s new MAX parts website will soon go live, which will firmly establish PRRY as the official supplier of genuine OEM MAX parts and accessories. The company believes this is a major step in reviving the MAX brand as well as reawakening the customer base; building, refining, and establishing a sales infrastructure; and eventually becoming a significant revenue generating department. The Company acknowledges that it is crucial to source the production of proprietary MAX components before commencing vehicle manufacturing since this will energize the supply chain and feed the assembly line for the new MAX vehicles that will enter production in 2023. 

President Galen Reich stated: “Our mission is to offer extraordinary off-road mobility to both consumer and commercial markets by manufacturing off-road vehicles with unique design features that give them the exceptional capability to traverse terrain that is impassable to most other types of off-road vehicles.” The company’s initial focus is on relaunching the recreational/light utility MAX all-terrain vehicle product line using tried-and-true designs to help rebuild the supply chain and achieve acceptance more quickly in the larger global ATV industry, which is still expanding at a rate of over 1,010,000 units per year. 

https://twitter.com/JDuncan1987/status/1557365640482226178

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Currently trading at a $1.9 million market valuation PRRY has 324,422,996 shares outstanding and just 57,296,760 shares in the float. Planet Resource Recovery is gearing up to recommence manufacturing of MAX ATVs, which were originally manufactured by Recreatives Industries Inc., PRRY will capitalize on MAX’s brand legacy of 52 years as well as the proven product design embedded in all the intellectual property developed over decades and now exclusive to PRRY. The company will initially focus on building the recreational/light utility MAX all-terrain vehicle (ATV) product line from existing, proven designs, which will serve to re-build the supply chain and re-gain acceptance more rapidly into the broader global ATV market which continues to grow at over 1,010,000 units per year. Management has big plans, according to a recent press release PRRYs goals in subsequent years include uplisting to OTCQB and eventually to NASDAQ as well as acquiring select vendors for supply chain consolidation. We will be updating on PRRY when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in PRRY either long or short and we have not been compensated for this article.

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