EDMONTON, ALBERTA--(Marketwire - July 27, 2007) - CV Technologies Inc. (TSX:CVQ) today confirmed that as stated in certain recent media reports, on July 20, 2007, a class action lawsuit was issued in the Ontario Superior Court of Justice against the Company and certain officers and directors, Gordon Tallman, Harry Buddle and Jacqueline Shan and the Company’s former auditor. The lawsuit was commenced by two shareholders and seeks certification of a class action on behalf of any persons who acquired the Company’s securities between December 11, 2006 and March 23, 2007. The lawsuit relates to allegations concerning CVQ’s audited financial statements for the year ended September 30, 2006, and its interim unaudited financial statements for the first quarter of fiscal 2007. The lawsuit alleges the financial statements for those periods were misleading.
