TORONTO, ONTARIO--(Marketwire - Feb. 15, 2012) - Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR)(OTCQX:CRVYF) ("CORRE" or the "Company") is pleased to announce that it has been selected as one of the top 50 performing companies on the TSX Venture Exchange and has been recognized as a TSX Venture 50 company.
The companies were selected based on strong results in key measures of market performance which include share price appreciation, trading volume, market capitalization growth and analyst coverage. The TSX Venture 50 is an annual ranking of the top performers of the Venture Exchange and is comprised of ten companies from each of five sectors: Clean Technology, Mining Oil & Gas, Diversified Industries, and Technology & Life Sciences.
"We are extremely honored to be included in the TSX Venture 50 and to be recognized as a top performer in the clean technology sector," commented John Lorenzo, CORRE's CEO.
CORRE is privileged to have been selected from the more than 2,000 companies listed on the TSX Venture Exchange and to be invited to attend the TSX Venture 50 Spotlight Event on April 3rd, 2012 in Toronto where the Company will be showcased in front of the investment community. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.
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.