Capital Reserve Canada Update.EDMONTON, Alberta -- Capital Reserve Canada Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CRSVF) ("CRC (Cyclical Redundancy Checking) An error checking technique used to ensure the accuracy of transmitting digital data. The transmitted messages are divided into predetermined lengths which, used as dividends, are divided by a fixed divisor. ") and its Chairman, Mr. Donald R. Getty, are pleased to announce that CRC's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , KCP KCP Party of Communists of Kyrgyzstan KCP Khmer Citizen Party (Cambodia) KCP Kingston Computer Planet KCP knurling cup point (fasteners) KCP Kernel Control Path Innovative Services Inc. (KCP), expects to report an increase in sales in the fiscal year ended December 31, 2006 to $1,666,536 (CAD) from $1,038,741 (CAD) during the prior fiscal year, an increase of 60%. CRC expects to file its audited annual financial statements in the next several weeks, which will include such amounts. Also, CRC is pleased to announce that Mr. Rocky Rombs has entered into an agreement with CRC to provide management services and assist with financing for the initial stages of CRC's Two Hills Project. Mr. Rombs has over 30 years experience with developing properties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the oil and gas business. Mr. Rombs also has extensive experience in drilling. His agreement is subject to due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and finalization by both parties. Profile CRC is an oil and gas services company based in Edmonton, Alberta. Through their wholly owned subsidiary, KCP Innovative Services, Inc., the Company offers technologically advanced tools for use in four areas of the industry. The first aids in testing and development of newly found resources; another measures existing wells' productivity and the third hastens well abandonment, ensuring compliance with regulatory emission guidelines. The fourth, through its proprietary hardware and software technologies, is used to determine the profitability of coal bed methane deposits, which may be developed and sold as natural gas. The Company has a second wholly owned subsidiary, Two Hills Environmental, to assist with problem waste from oil & gas companies, and provide underground storage. Cautionary Note Regarding Forward-Looking Statements Statements in this press release regarding the company's business that are not historical facts are "forward looking statements" that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1994, and as such, speak only as of the date made. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in the Company's latest 20-F dated July 17th, 2006. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion