PATC Responds to TSX Listing Review



    VANCOUVER, Jan. 15 /CNW/ - On January 14, 2008 the Toronto Stock Exchange
(TSX) announced that it is reviewing the listing of the common shares of
Precision Assessment Technology Corporation ("PATC" or the "Company") with
respect to meeting the continued listing requirements of the TSX. This review
is required to be initiated upon PATC's application for and receipt of a
'financial hardship' exemption from the TSX rules pursuant to the s. 604 of
the TSX Company Manual and is a matter of course in such circumstances. Upon
receipt of approval from the TSX to proceed with the previously announced
financings and being up to date in respect to TSX reporting requirements, PATC
believes it will meet the TSX requirements.
    The Spectrum acquisition is completed which is anticipated to provide the
cash flow needed to replace the cash flow which would have come from the
aborted acquisition. Increases in cash flow and the proposed financings, which
are subject to TSX approval, are expected to provide the necessary working
capital and transition PATC to a strong balance sheet with which to go
forward. In addition, PATC's bankers have agreed to restructure its loans,
subject to certain of the financing steps being completed, which are
anticipated to further improve liquidity and the current ratio. An increase in
cash flow from the operations and the recently completed acquisition is
anticipated to improve debt service coverage.
    Bob Nowack, Chairman, stated, "As an operating company, maintaining
liquidity is vital and therefore speed in completing the proposed financings
is key to avoid eroding shareholder value. These steps restructure PATC's
balance sheet which puts the Company in a strong financial position. With the
continued growth in revenue and cash flow, we believe PATC is becoming a
stronger, sustainable drilling services company serving robust market
sectors."

    About PATC - PATC provides drilling services for site assessment and
remediation and groundwater assessment, monitoring and mitigation in the
United States. These services are provided using specialized and innovative
drilling and sampling equipment and technologies from offices in California
and Florida. Precision Assessment Technology Corporation operates through its
wholly owned U.S. subsidiaries, Precision Sampling, Inc., Trenchless
Specialties Inc. and BC2 Environmental Corp. Further information can be found
at www.patc-usa.com. PATC's common shares are listed on the Toronto Stock
Exchange under the symbol "PDT".

    FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all
statements in this news release - including, without limitation, statements
regarding future plans and objectives of PATC are forward-looking statements
that involve various risks and uncertainties. Forward-looking statements in
this document are often, but not always, identified by the use of words such
as "anticipate" and "intend" and statements that an event or result "will"
occur or be achieved and other similar expressions. There can be no assurance
that such statements will prove to be accurate; actual results and future
events could differ materially from those anticipated in such statements.

    %SEDAR: 00003754E




For further information:

For further information: Tony Kirschner, Vice President, Corporate
Development, PATC, Tel: (604) 669-3373 (Ext. 208)

Organization Profile

PRECISION ASSESSMENT TECHNOLOGY CORPORATION

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