Canadian Equipment Rental Fund Limited Partnership restates June 30, 2007 interim financial statements



    CALGARY, Nov. 16 /CNW/ - Canadian Equipment Rental Fund Limited
Partnership ("CERF LP") has restated its unaudited interim financial
statements for the three and six months ended June 30, 2007 (the "Restated
Statements").
    The Restated Statements reflect an increase to the future income tax
liability of CERF LP of $438,682.

    CERF LP is a Canadian limited partnership engaged in the rental, sale and
service of industrial and construction equipment. CERF LP trades on the TSX
Venture Exchange under the symbol "CFL.UN" and currently has 5,440,033 Units
issued and outstanding.

    FORWARD LOOKING STATEMENTS

    This press release contains forward-looking statements. These
forward-looking statements are subject to various risk factors and
uncertainties, which may cause the actual results, performances, cash flows or
the ability to pay distributions to be materially different from the results,
performances, cash flows or the ability to pay distributions expressed or
implied by such forward-looking statements.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.





For further information:

For further information: Wayne Wadley, President & CEO, at (403)
850-4095, by fax at (403) 261-3834, by email at wwadley@cerflp.com; or Ken
Stephens, CFO, at (403) 298-8695, by email at kstephens@cerflp.com

Organization Profile

CANADIAN EQUIPMENT RENTAL FUND LIMITED PARTNERSHIP

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