CCR TECHNOLOGIES LTD.
TSX : CRL

CCR TECHNOLOGIES LTD.

August 20, 2007 17:10 ET

CCR Technologies Ltd. Reports New Executive Hires and Promotion

CALGARY, ALBERTA--(Marketwire - Aug. 20, 2007) - CCR Technologies Ltd. (TSX:CRL) (the "Corporation") (www.reclaim.com), a leading chemical purification technology solutions and service provider, today announced the hiring of four new executives and a new promotion.

Don Aromando joins CCR as a Business Development Manager. Don has a BA in Chemistry and an MBA, and has spent over twenty years in sales management positions in the chemicals industry.

Judy Copithorne, C.A., will become CCR's controller. Judy has more than twenty years of accounting, tax and financing experience. Judy is a member of the Alberta and Canadian Institutes of Chartered Accountants, and the Treasury Management Association of Canada.

Marcel Kessler has an undergraduate degree in engineering from the Federal Institute of Technology in Zurich, and an MBA from London Business School. Since 2001, Marcel has been a partner at McKinsey & Company. He will become CCR's Vice President of Business and Corporate Development.

Peter Graham has an undergraduate degree in engineering and over thirty years of experience in senior operating, joint venture, safety, health, environment and risk management positions at Proctor and Gamble and NOVA Chemicals in North America and Europe. He will become CCR's Vice President of Operations and Human Resources.

Finally, Terry Trofimuk, who joined CCR earlier this year, has been promoted to Vice President of Engineering and Technology. Previously, he was head of process engineering for a major Canadian engineering firm.

Tom Coyne, CEO of CCR, noted, "we are extremely pleased to have these four very talented and experienced leaders join the CCR team, and to recognize Terry Trofimuk's contributions to our firm. The added depth these changes bring to our organization will be critical to the execution of our future growth plans."

About CCR Technologies

CCR Technologies purifies process chemicals and removes impurities from natural gas through the use of proprietary patented separation technologies. The Corporation provides environmental and economic benefits to the upstream and downstream oil and gas industries, and is also pursuing new environmental business opportunities in other industries and international markets. CCR's proven, patented technology is applied via a fleet of mobile units that purify chemicals both on and off client sites. CCR also provides design, engineering and project management services for permanent large scale industrial installations that use its technology, primarily in refineries and offshore gas production. CCR is also the authorized Canadian and South American licensor of the Shell - Paques Biological Gas Desulphurization process for natural gas applications. Other liquid and gas separation technologies are in development. For information, please visit the CCR Technologies website at: www.reclaim.com.

Shares of CCR Technologies Ltd. trade on the Toronto Stock Exchange under the symbol "CRL".

The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond CCR's control, including: the impact of general economic conditions in Canada and in countries in which CCR and its subsidiaries currently do business, industry conditions, increased competition, the lack of available qualified personnel or management, equipment failures, fluctuations in product prices and in foreign exchange or interest rates and stock market volatility. CCR's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits CCR will derive there from.

Contact Information

  • CCR Technologies Ltd.
    Tom Coyne
    President and CEO
    (403) 543-6699
    or
    CCR Technologies Ltd.
    Alan D. Mosher C.A
    Vice President and Chief Financial Officer
    (403) 543-6699
    Website: www.reclaim.com