CET Services Receives Audit Opinion Which Contained a Going Concern Qualification

Date : 04/16/2007 @ 4:01PM
Source : PR Newswire
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CET Services Receives Audit Opinion Which Contained a Going Concern Qualification

CENTENNIAL, Colo., April 16 /PRNewswire-FirstCall/ -- As required in Section 610(b) of the AMEX Company Guide, CET Services, Inc. (AMEX:ENV) announced today that it received an audit opinion that contains a going-concern qualification, with respect to the Company's consolidated financial statements for the fiscal year ended December 31, 2006, included in its Form 10-KSB for the year ended December 31, 2006 that was filed on March 9, 2007.

CET Services, Inc. is engaged in niche market property development in urban areas with a preference for projects requiring some degree of remediation. The Company is headquartered in Centennial, Colorado.

Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of the Safe Harbor provisions of the federal security laws. Forward-looking statements involve risks and uncertainties, including, but not limited to, the cyclical nature of residential housing in general, local economic conditions, interest rate volatility, weather related factors, and fluctuations in building material prices and other risks detailed from time to time in the Company's Form 10-KSB and other regularly filed reports.

DATASOURCE: CET Services, Inc.

CONTACT: Dale W. Bleck, CFO of CET Services, Inc., +1-720-875-3377

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