Exhibit 99.2

         San Diego, CA-August 22, 2003-Planet Polymer Technologies, Inc. (OTC
BB: POLY.OB) a San Diego advanced materials company, reported revenues for the
quarter ending June 30, 2003 of $10,720 and a loss from operations of $97,848
compared to revenues of $43,238 and a loss from operations of $205,654 in 2002.
During the second quarter ending June 30, 2003, Planet recognized a gain on sale
of assets related to its metal injection molding technology of $278,548
resulting in a net profit for the second quarter of 2003 of $180,700 compared to
a net loss of $185,709 for the same period of 2002. Second quarter profit per
share was $.03, compared to a loss of $.02 in 2002. Year to date Planet has
earned $181,202 compared to a loss of $340,750 during the first six months last
year.

         Late in the first quarter, Planet and Agway Inc., entered into two
separate Sales and Licensing Agreements that redefine previous agreements
relating to the agricultural feed and fruit and vegetable coating technologies
developed by Planet. In April of this year, Agway returned all of its 3,000,000
shares in Planet common stock, representing approximately one-third of the
issued and outstanding shares of Planet.

         Ryer Enterprises LLP finalized purchase of Planet's metal injection
molding assets for $301,000 and the licensing of related technology, requiring
royalty payments to Planet for the next eight (8) years on sales by Ryer
utilizing the technology. This transaction was primarily responsible for the
quarterly profit.

         The focus of the Company's limited activities will be to help Agway or
their successor(s) fully commercialize their agrotechnology businesses and to
help Ryer successfully penetrate the metal injection molding market. There will
be little, if any, marketing or new development work.

      Planet Polymer Technologies, Inc. is an advanced materials company that
developed and licenses unique water-soluble polymer and biodegradable materials
with broad applications in the fields of agriculture and industrial
manufacturing.

                  Except for the historical information contained herein, this
news release contains forward-looking statements which involve risks and
uncertainties, including the risk that actual results could differ materially
from the results that may be indicated by such forward-looking statements.
Factors that could cause or contribute to such differences include, but are not
limited to, the development and market acceptance of new products and
technologies, and market conditions as well as other risks detailed from time to
time in Planet Polymer's SEC reports, including the report on Form 10-KSB for
the year ended December 31, 2003.