ASC Lifts Interim Cease Trade Order Against CV Technologies

    CALGARY, June 22 /CNW/ - The Alberta Securities Commission (ASC) has
removed its Interim Cease Trade Order issued against CV Technologies Inc.
    The Interim Order, originally issued on April 19, 2007, and extended on
May 2, 2007 and June 15, 2007, was removed effective June 22, 2007 as a result
of CVT meeting all conditions of the latest ASC Extension Order.
    In a news release issued on April 11, 2007, CVT acknowledged that its
financial statements for the year ended September 30, 2006 and first quarter
interim financial statements for the period ended December 31, 2006 were not
prepared in accordance with Canadian generally accepted accounting principles.
As a result, the ASC issued the initial Interim Cease Trade Order.

    The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.

For further information:

For further information: For Media Inquiries: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-4488

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