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CRVYF Canadian Oil Recovery and Remediation Enterprises Ltd (CE)

0.00001
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian Oil Recovery and Remediation Enterprises Ltd (CE) USOTC:CRVYF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00001 0.00 01:00:00

CORRE LTD Retains KCSA Strategic Communications as Investor Relations Counsel

15/06/2011 11:00pm

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Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE: CVR)(OTCQX: CRVYF) ("CORRE" or the "Company") announces it retained KCSA Strategic Communications, a leading New York-based communications firm, to direct the Company's investor relations program.

KCSA has been retained to employ a thorough, multi-faceted investor relations communication campaign designed to increase awareness and enhance the understanding of CORRE among the investment community. Since KCSA's inception over forty years ago, the firm has developed a strong reputation for its work representing public companies. Todd Fromer, Managing Partner of KCSA, will lead the KCSA team and provide strategic counsel on operational and financial communication matters.

"CORRE's recent development and growth in the Middle East combined with our global strategic partnerships make this the optimal time to build awareness for CORRE within the investment community. As the Company continues to execute on its growth strategy, CORRE has started to make significant strides, particularly in the Middle East. Through our SAR-CORRE MENA operating partnership we were recently pre-qualified by the Kuwait Oil Company to bid on three SEED tenders for soil remediation and oil recovery contracts worth up to $210 million. These initial tenders are pre-cursors for in excess of $3.5 billion of soil remediation contracts for the clean-up of the Kuwait Oil Lakes soon to be released. The Oil Lakes are one of the largest global environmental disasters and represents decades of clean-up work," stated Alex Gress, CORRE's Chief Financial Officer and Senior Vice President. "CORRE is very excited to engage KCSA to help us to maximize shareholder value by instituting a proactive investor relations campaign that expands our visibility within the investment community."

Todd Fromer, Managing Partner of KCSA Strategic Communications commented, "We are very excited to work with CORRE and are confident the Company has positioned itself well to take advantage of the opportunities in the oil recovery and soil remediation space. We look forward to working with CORRE and its management team as we conduct a comprehensive investor relations program."

KCSA has been retained by CORRE for an initial period of six months for a fee of US $10,000 per month. KCSA does not hold any securities of CORRE and prior to this agreement did not have a relationship with the Company.

About CORRE

CORRE (www.corre.com) is a Canadian-based clean technology company that provides innovative and complete oil waste management and environmental solutions to its customers. CORRE's operating lines include remediating oil-contaminated soil; treating sludge, oil based muds and drilling waste; oil recovery; automated oil storage tank cleaning; oil and gas engineering, and project management. CORRE provides its services through its owned and operated Advanced Recovery Equipment Systems ("ARES") and through strategic operating partnerships. ARES is a platform of services and operating equipment facilities based on proven technologies and innovative operating processes. CORRE's customers are primarily in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies).

About KCSA Strategic Communications

Founded in 1969, KCSA Strategic Communications is an integrated communications agency that helps clients synchronize their brand messages across investor relations, public relations and all other strategic marketing channels. The firm offers its clients a rare opportunity to achieve true brand alignment and develop close, meaningful relationships with their key audiences. For further information please visit www.kcsa.com.

Forward Looking Statements

Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Company undertakes no obligation to update forward- looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Contacts: CORRE LTD. Alex Gress - CFO 416-368-4027 agress@corre.com CORRE LTD. Lindsay Cross 416-368-3050 lcross@corre.com www.corre.com KCSA Strategic Communications Todd Fromer 212-896-1215 Corre@kcsa.com KCSA Strategic Communications Phil Carlson 212-896-1233 Corre@kcsa.com KCSA Strategic Communications Adam Pollack 212-896-1232 Corre@kcsa.com www.kcsa.com

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