CRL,100% growth, EPS of .04 6months .39 stock Message Board

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Gold/Mining/Energy : CRL,100% growth, EPS of .04 6months .39 stock

CRL 177.88

-0.5%

Nov 4 3:59 PM EST

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To: Ross Orr who wrote (136)	10/7/1999 7:34:00 PM
From: Ciao	Read Replies (2) of 177

Geez, finally a NR which sounds positive for rev. growth: Canadian Chemical Reclaiming Ltd. Announces Plans For Two New Mobile Reclaiming Units CALGARY, ALBERTA--Canadian Chemical Reclaiming Ltd. ("Corporation") is pleased to announce that the Board of Directors of the Corporation has approved the construction of two new advanced technology mobile reclaiming units, which are anticipated to be commissioned on July 1, 2000, and October 1, 2000, respectively. The addition of these two new units, designated as Unit No. 4 and Unit No. 5, will increase the number of CCR mobile reclaiming units to a total of five (5). These new mobile units, along with the existing three mobile units, will serve markets in the USA and Canada. The estimated capital cost of these two new mobile units is approximately six million Canadian and will be funded from cash flow and the anticipated exercise of outstanding share purchase warrants. The Corporation completed a marketing study and strategic plan with the assistance of the highly qualified and respected international consulting firm, Arthur D. Little Inc. The comprehensive market study included USA and Canada and supported the decision to proceed with the expansion of CCR's mobile reclaiming capacity. Mr. Mike Fillipoff, President and Chief Executive Officer, stated that, "The study clearly showed that CCR's market was much larger than originally thought and it confirmed that there is significant opportunity to capture the additional business identified in the study. CCR is excited about these opportunities and its ability to meet customer demands."

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