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Canadian Oil Recovery & Remediation Enterprises Ltd.: CORRE Announces New Addition to Management Team


Published on 2010-06-07 09:50:12 - Market Wire
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TORONTO, ONTARIO--(Marketwire - June 7, 2010) - Canadian Oil Recovery & Remediation Enterprises Ltd. (TSX VENTURE:CVR) ("CORRE" or the "Company") is pleased to announce that Mr. Kirk Davis has recently joined the management team of CORRE to head the Company's Middle East and North Africa ("MENA") operations and business development efforts. Mr. Davis has over 25 years of experience operating in the MENA regions. He joins CORRE with an extensive and highly experienced background in environmental remediation, including expertise in soil and water remediation, oil spill management and oil recovery. Mr. Davis will be based in Kuwait and will immediately assist CORRE, as well as the SAR-CORRE MENA operating partnership, in the launch of their commercial operations in the MENA regions. As previously announced, CORRE is completing the optimization of its 20 ton per hour ARES I soil remediation operating facility during this summer at which time CORRE believes it will be well-placed and well- timed to capitalize on this year's anticipated large-scale remediation contracts utilizing the ARES I operating facility for sludge treatment, oil-contaminated soil remediation and oil recovery.

Mr. Davis has worked in the Middle East since 1984. During that time, Mr. Davis responded to over thirty seven major oil spills and acted as incident commander. His experience in soil and water remediation, oil spills and HAZMAT (Hazardous Material) response has been extensive and has included serving as special advisor to the Ministers of Environment for the United Arab Emirates, Turkmenistan, the Sultanate of Oman, as well as the Kuwait Environmental Protection Agency ("EPA"). Mr. Davis started his career as a US Naval Officer. He worked with the US Army in Kuwait and the US Navy in Bahrain to build and operate oil spill and HAZMAT response organizations, and to successfully elevate hazardous waste management programs to international standards. Mr. Davis joins CORRE directly from the US Army in Kuwait where he was the Senior Department Manager responsible for environmental oversight and regulatory compliance for the US Army's Environmental programs, as well as compliance with US EPA regulations within the US Army's area of operations throughout Kuwait.

Mr. John Lorenzo, CEO of CORRE, commented: "We are extremely pleased to have Kirk join our growing MENA operations as we continue to demonstrate to our customers and shareholders the infrastructure we have been putting in place to successfully secure and operate large-scale remediation contracts."

Mr. Davis' expertise is sought by the environmental community at large, including most recently by the State of Louisiana for the Deep Horizon oil spill in the Gulf of Mexico. Mr. Davis has lectured and consulted for a variety of Middle East organizations including the Regional Clean Seas Organization (RECSO), European Maritime Safety Agency (EMSA) and the International Tankers Oil Pollution Fund (ITOPF). Mr. Davis has worked directly with a number of major oil and gas companies including ChevronTexaco, BP Shell, PETRONAS and the Gulf States National Oil Companies. He has also served as the Middle East Regional and General Manager for major environmental service companies including Clean Globe Oman, Seacor Environmental Services Middle East, Fender and Spill Response, and Fender Care Middle East Ltd.

Mr. Davis is a graduate of the University of Colorado and has a Masters of Business Administration.

About CORRE

CORRE is a Canadian company that utilizes its proprietary Advanced Recovery Equipment Systems ("ARES") for sludge treatment, soil remediation and oil recovery. As part of ARES, CORRE owns exclusive licenses to use innovative technologies and has developed proprietary processes for oil recovery, sludge and drill cuttings treatment and remediation of oil-contaminated sites. CORRE is deploying ARES in the oil producing countries of the Middle East and other regions where there is substantial demand for its services.

Through strategic operating partnerships with multi-national oil services companies, CORRE is significantly expanding its line of oil services across the Middle East and North Africa to include waste management, oil storage and oil tankers tank cleaning, water treatment, and oil and gas engineering and project management.

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.