CORRE LTD Retains KCSA Strategic Communications as Investor Relations Counsel
16 June 2011 - 8:00AM
Marketwired
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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