Business
Planet Resource Recovery Inc Global Corporate Update
Planet Resource Recovery Inc Global Corporate Update.
About this update from Recreatives Industries, Inc.
[{"type":"text","content":"Planet Resource Recovery Inc. (OTC: PRRY) (the “Company”) is pleased to announce that the Company has begun the application with FINRA for a name change and ticker symbol change, which will reflect the over half-century historic identity of the renowned MAX All-Terrain Vehicle (ATV) brand. The Company’s name change will also soon become effective with Nevada Secretary of State.“As we continue to revive MAX ATVs as a brand that will once again dominate the amphibious all-terrain vehicle industry, we are excited to change our company name and symbol to reflect the highly successful legacy of the founding company, Recreatives Industries Inc. of Buffalo, New York. Our new company name will identify with the many thousands of current MAX ATV owners as well as help reactivate relationships with the 100-plus vendors that supplied MAX’s proprietary parts” said Andrew Lapp, the Company’s CEO.Updates: The Company has recently launched a newly designed website (www.maxatvs.com), which showcases the three MAX vehicle models that the Company plans to produce beginning in fall of 2023. The Company has already begun to generate revenue from its OEM Parts website, and new parts continue to be added to the site as the inventory becomes available.The Company is diligently searching for a suitable building to manufacture MAX All-Terrain Vehicles in Western New York that can accommodate the Company’s planned rapid growth - forecasted to reach 1,350 vehicles annually and $18.9 Million in revenue by 2026. The Company’s latest business plan and forecasts are based upon more than 20 years of detailed data generated under previous ownership and interpreted by company President, Galen Reich, who has been a member of upper management with the MAX brand since 1993.Regulation A+ Offering: The Company recently filed an amended Regulation A+ Offering on November 22, 2022. The company’s Offering Statement can be viewed at https://www.sec.gov/edgar/browse/?CIK=1467505. About Planet Resource Recovery Inc.PLANET RESOURCE RECOVERY, INC. (\"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 h...