Fundamental research issues BUY rating for Compliance

TSX-V TRADING SYMBOL: CEC

VANCOUVER, Oct. 20 /CNW/ - Compliance Energy Corporation (the "Company" or "Compliance") was issued a buy rating from Fundamental Research Corp. Fundamental research initiated coverage on "Compliance" in June of 2009 and has continued its coverage with a "BUY" rating and a "fair value" of $1.30 a share.

In July of 2009 Fundamental Research analyst, Vincent Weber, BSc. visited "Compliance's" Raven site and a video was created with an interview with John Tapics, President & CEO of "Compliance". This video can be viewed by visiting Reuters Insider (http://reuters.com/), Resource World TV.com, (http://resourceworldtv.com),

Fundamental Research Corp has been providing the highest institutional quality equity research coverage on small and micro cap companies since 2003. Fundamental Research is registered as a Security Advisor with the B.C. Securities Commission.

Fundamental Research's report can be viewed on our website at www.complianceenergy.com and at www.researchfrc.com.

About Compliance Energy Corporation

Compliance Energy Corporation is a coal exploration and development company with an interest in over 75,000 acres of coal and mineral rights on Vancouver Island BC and that owns the Basin Coal Mine near Princeton BC. The company is focused on developing the Raven Coal Project for the Comox Joint Venture, of which it has a 60% interest. The remaining 40% is owned by I-Comox Coal Inc. a subsidiary of Itochu Corporation of Japan and by LG International Investments (Canada) Limited, a subsidiary of LG International Corp. of Korea. Company shares trade on the TSX Venture Exchange under the symbol CEC and investor information is available on the Company's web page at www.complianceenergy.com.

    
    On behalf of the Board of
    COMPLIANCE ENERGY CORPORATION

    John Tapics
    Chief Executive Officer

    Neither the 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 this release
    

Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements.

SOURCE Compliance Energy Corporation

For further information: For further information: Greg Werbowski, Investor Relations or Rod Shier, CFO at (604) 689-0489

Organization Profile

Compliance Energy Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890