Crescent Resources Corp.
TSX VENTURE : CRC

Crescent Resources Corp.

May 17, 2006 16:56 ET

Crescent Resources Establishes Presence in Europe

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 17, 2006) - Crescent Resources Corp. (TSX VENTURE:CRC) is pleased to announce that it has engaged Kodiak International Inc. ("Kodiak") to act as the point of contact and to perform public relations activities for the Company in Europe. The Company intends to dual list its shares for trading on the Frankfurt Exchange to widen its investment base.

Kodiak is a U.S. based Merchant bank specializing in small and medium sized firms seeking a European listing. Kodiak provides a comprehensive suite of services that have been customized to fit the Company's investor and financial communications needs.

Kodiak and the Company entered into a renewable twelve month contracting agreement on April 20, 2006 that provides for Kodiak to be the Company's point of contact in Europe. Kodiak and its affiliates are at arms length to the Company. The Company will pay Kodiak an annual fee of $125,000 and a fee of $25,000 to list the Company's shares on the Frankfurt Exchange. The Company will be responsible for the costs of travel expenses of both Kodiak and the Company in attending market awareness meetings in Europe.

CRESCENT RESOURCES CORP.

Michael Hopley, President and Chief Executive Officer

WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Contact Information

  • Crescent Resources Corp.
    Don Halliday
    Vice President Corporate Development
    (604) 899-1505