March 30, 2007 19:09 ET

CCR Technologies Ltd. Reports Year-End 2006 Results

CALGARY, ALBERTA--(CCNMatthews - March 30, 2007) - CCR Technologies Ltd. (TSX:CRL) (the "Corporation") (, a leading chemical purification technology solutions and service provider, today announced financial results for the year ended December 31, 2006.

Revenues for 2006 were $8.1 million results in a net loss of $5.7 million. This compares to 2005 revenues of $6.9 million and a net loss of $3.9 million. The Corporation's working capital position at year end 2006, excluding its debenture debt was $0.4 million compared to $4.0 million at the 2005 year end. Complete details of the Corporation's annual financial and related information are available on SEDAR at

Tom Coyne, who became CEO of CCR in November, 2006, stated "clearly, we are all
disappointed in last year's results. However, a new management team is now in place, and we are moving aggressively to achieve two very clear goals: to substantially increase the value we create for our clients and for our shareholders. We remain confident in the quality of our technology
and the value it creates for our clients. We have already made a number of changes to turn the company around, and expect to make more in 2007." More details about these changes are found in the President's letter that accompanies CCR's financial statements.

CCR Technologies purifies process chemicals and sweetens sour 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 separation business opportunities in other industries and international markets.

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 forwardlooking 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