Planet Resource Recovery, Inc. Acquires MAX Amphibious Six-Wheel Drive All-Terrain Ve

[AndyL]

Sarasota, FL, November 29, 2021 – Planet Resource Recovery, Inc. (OTC:PRRY) is pleased to announce that the company acquired MAX Amphibious All-Terrain Vehicle’s product line, assets, tooling, and intellectual property from Agile Vehicle Technologies Limited on Friday, November 26, 2021.

Recreatives Industries Inc. of Buffalo, New York began production of the MAX Amphibious All-Terrain Vehicle (ATV) in 1969. In 2013, the MAX product line and associated assets were sold to new management and remained in production until 2016. The total number of MAX ATVs built between 1969-2016 exceeds 25,000 vehicles.

Andrew Lapp, CEO of Planet Resource Recovery, Inc. stated: “This is an extremely unique opportunity for an OTC company. Our first task is to begin the process of re-establishing the supply chain for vehicle components and parts with previous vendors along with re-opening an assembly line for new vehicle production around Buffalo, New York. As a result of the massive success of MAX ATVs over a span of 47 years, the vehicle’s dominance in the Amphibious ATV market has created a viable revenue stream for replacement parts and accessories for an estimated 10,000 vehicles in existence today. Planet Resource Recovery, Inc. intends to re-launch the MAX parts and accessory business for the current market of MAX vehicles as the company begins the process of re-introducing MAX ATVs into the all-terrain vehicle market.”

“We are also excited to announce the appointment of Mr. Galen Reich as President of Planet Resource Recovery, Inc. Mr. Reich served as General Manager and Marketing Manager for Recreatives Industries Inc. from 1993-2013 and continued managing MAX ATVs under its new management from 2013-2015. Upon Mr. Reich joining Recreatives Industries in 1993, he began implementing his strategies for business development, assembly line production, sales leads, marketing, dealer network expansion, and military contract negotiations. This resulted in the company achieving a 24% compounded annual growth rate in sales revenue during the first 5 years. We are confident that Galen brings the needed experience to successfully re-launch the MAX brand and evolve the product line as we enter into a new generation of MAX ATVs.”


Planet Resource Recovery
Currently headquartered in Sarasota, Florida, Planet Resource Recovery, Inc. is the manufacturer of MAX Six-Wheel Drive Amphibious All-Terrain Vehicles. First launched in 1969, MAX ATVs have been used in numerous applications relating to recreation, hunting, commercial, industrial, and military. Planet Resource Recovery Inc. will produce the MAX ATV product line along with MAX parts and MAX factory original accessories. For more information about PRRY, visit our new corporate website at www.recreatives.com or contact Investor Relations at ir@recreatives.com / (561) 402-8025.

Contact
Planet Resource Recovery, Inc.
561-402-8025
www.recreatives.com

[john swenson]

great news planet resource ..... we have all wondered if max machines would ever return . looking forward to your future developments ! as a '' few max owner machines '' enthusiast , i wish you the best . johnboy va.

[xbunsenx]

This is fantastic news! We might even see the improved T-21 and T-25 transmissions be available. I am looking forward to what's next for MAX machines.

[msafi65]

Great news. Galen has always been dedicated to the Max line. Good to hear that parts are coming back.

[tbone9]

Great news. Hopefully some updates to these machines are added to make sales more attractive. Maybe some creature comforts like suspension seats and nice riding tires.

[lindegtx]

glad to hear although can belive they are picking new york as the place to build them new york is not business friendly im sure it had something to do with ri selling out the state wants to make more money than you do !!

[AndyL]

It actually has to do with logistics. Making a decision such as this is much more complex than simply looking at state taxes unfortunately. Trust me I have always lived in Florida where there is no state income tax, and it's nice...

[PlumCrazy]

Hmmm Dealerships !

[North Country Tough]

Missed all this Recreatives was just across the ditch when i lived in Southern Ontario and once had a plant tour by the owner and discussed dealer opportunity's in Ontario always had a want for a Buffalo Truck when they shut down i took it off my list now back on i did own a Max iv i liked that unit but it lacked carrying space i will now be watching this is there a update have dealers started yet any production.NCT

[marauder]

Has anybody heard whether this company is still in business? Is the MAX coming back or did this company that was going to resurrect it go down in flames? I signed up for their newsletter but haven't heard anything for the longest time. Anybody got any info on them at this point? Thanks.