**EXHIBIT
      99**





**FOR
                IMMEDIATE RELEASE**
            **CONTACT****January
                29, 2007**
            **Thomas
                T. Fleming****Chairman
                & CEO****215-471-2358**




**CORECARE
      SYSTEMS, INC. (Symbol: CRCS)**


**FILES
      10K REPORT FOR FISCAL YEARS ENDING**


**JUNE
      30, 2004 AND JUNE 30, 2005**




On
      January 29, 2007 CoreCare Systems, Inc. resumed reporting to the Securities
      and
      Exchange Commission with the filing of the Company’s 10-KSB report for the
      fiscal year ended June 30, 2005. Financial problems and the bankruptcy of the
      Company’s major subsidiary, Kirkbride Center, created difficulties which
      hindered the Company’s ability to report timely. With Kirkbride’s emergence from
      bankruptcy in June 2004, the Company changed its fiscal year end from December
      31 st to June
      30 th .





Subsequent
      to emerging from bankruptcy the Company appointed new auditors, Mayer, Hoffman
      and McCann, PC to audit current fiscal years starting with the June 30, 2003
      Balance Sheet. The audit report profiles a Company stabilizing after the
      disruption caused by bankruptcy. Fiscal 2005 revenues of $23.4 Million
      represented a 10.3% increase compared to fiscal 2004. This revenue increase
      led
      to a net income of $259,622 in fiscal 2005 compared to a loss of ($326,381)
      in
      fiscal 2004. Earnings for the period improved slightly from a net loss of $(.01)
      per share in fiscal 2004 to a net income of $.02 per share in fiscal 2005.
      However, one must review the dynamics of the major business lines to adequately
      determine the Company’s future prospects, given that profitability was achieved
      despite destabilization of one of the Company’s business segments. The auditors
      however have issued a qualified opinion given doubt about the Company’s ability
      to continue as a going concern due to expiring debt, loan covenant violations,
      working capital deficiencies and accumulated deficits.





On
      January 3, 2007 the Company filed an 8K report releasing its Offering Memorandum
      on the sale of the real estate and buildings associated with Kirkbride Center.
      This Memorandum does present the Company’s unaudited financial results for the
      fiscal year ending June 30, 2006 as well as projections for subsequent periods.
      Management can not guarantee that the financial projections presented in the
      Offering Memorandum will be achieved. However the Memorandum does offer the
      public additional information on the Company and should be read in conjunction
      with this 10-KSB report.





The
      Company expects to file its Form 10-KSB report for the fiscal year ended June
      30, 2006 during the first quarter of 2007.





The
      Corporate Office of CoreCare Systems, Inc is located at the Blackwell Human
      Services Campus, 111 North 49 th Street,
      Philadelphia, PA 19139. The Corporate Office can be reached at 215-471-2358.
      The
      Form 10-KSB report can be accessed through the Company’s web site, www.kirkbridecenter.com .





*Note:*  *This
      release and oral statements made from time to time by Company representatives
      concerning the same subject matter may contain so-called “forward-looking
      statements.” These statements can be identified by introductory words such as
“expects,” “anticipates,” “plans,” “will,” “estimates,” “forecasts,” “projects,”
or words of similar meaning and by the fact that they do not relate strictly
      to
      historical or current facts. Forward-looking statements frequently are used
      in
      discussing new or proposed products or services, or future performance. Forward
      looking statements are often based upon assumptions of future facts or
      circumstances outside of the Company’s control. Many factors may cause actual
      results to differ from forward-looking statements including inaccurate
      assumptions and a broad variety of risks and uncertainties, some of which are
      known and others of which are not. No forward-looking statement is a guarantee
      of future results or events, and one should avoid placing undue reliance on
      such
      statements. In particular, engagement of an investment banker should not be
      taken as a prediction that any type of transaction will
      occur.*