LONDON, ONTARIO -- (MARKET WIRE) -- May 02, 2007 -- Critical Outcome Technologies Inc. (TSX VENTURE: COT) announces today, under the Company’s Stock Option Plan, that the Board of Directors approved the granting of 130,000 stock options on Tuesday May 1, 2007 to Mr. Murray Wallace who was appointed a Director of the Company and Chairman of the Audit Committee on April 23, 2007. The exercise price is $1.00 per share and the stock options vested immediately. The exercise price represents the closing price of the Company’s common shares on April 30, 2007, as reported on the TSX Venture Exchange.
