CV Technologies Inc.-Maker of COLD-fX(R)-Files Restated Financial Statements for Fiscal 2006 and First Quarter of Fiscal 2007; Announces Second Quarter Results

EDMONTON, ALBERTA--(Marketwire - June 14, 2007) - CV Technologies Inc. (TSX:CVQ) today released restatements of its previously reported consolidated financial statements for the year ended September 30, 2006 and interim consolidated financial statements for the three month period ended December 31, 2006. The restatement of the Company's consolidated financial statements followed an internal review of the Company's revenue recognition policy as it related to product returns in the U.S. and its effect on the Company's consolidated financial statements. The Company is also releasing the interim consolidated financial statements for the three month period ended March 31, 2007.
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