CORRE Files Revised Second Quarter Financial Statements
10 11월 2011 - 8:16AM
Marketwired
Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX
VENTURE:CVR)(OTCQX:CRVYF) ("CORRE" or the "Company") announces that
it has filed revised second quarter 2011 financial statements today
(the "Revised Financials"). The sole revision (as compared to the
statements in respect of this period that were initially filed on
August 26, 2011 (the "Prior Financials")) consists of the inclusion
of comparative information in the Interim Consolidated Statements
of Changes in Equity in respect of the six-month period ended June
30, 2010. The Prior Financials presented such information for a
full calendar year to December 31, 2010. Other than the foregoing
revised information which now directly compares to the Interim
Consolidated Statements of Changes in Equity for the six-month
period ending June 30, 2011 to the same period for 2010 (as opposed
to the full calendar year of 2010), there are no other changes in
the Revised Financials, as compared to the Prior Financials.
The Interim Consolidated Statements of Changes in Equity is a
new requirement under International Financial Reporting Standards
which the Company transitioned to effective January 1, 2011.
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).
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 416-368-4027agress@corre.com
CORRE LTD. Lindsay Cross 416-368-3050lcross@corre.com KCSA
Strategic Communications Todd Fromer 212-896-1215 KCSA Strategic
Communications Phil Carlson 212-896-1233 KCSA Strategic
Communications Adam Pollack 212-896-1232Corre@kcsa.com
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