SOURCE: VitalTrust Business Development Corp.

February 27, 2007 07:27 ET

Kairos Holdings Stock Ticker Symbol Changes From KROH to VTBD

Name Change From Kairos Holdings to VitalTrust Business Development Company

TAMPA, FL -- (MARKET WIRE) -- February 27, 2007 -- VitalTrust Business Development Corporation ("VitalTrust" or the "Company") (formerly Kairos Holdings, Inc.) today announced shares of the Company's common stock will trade under the symbol "VTBD" effective Tuesday, February 27, 2007. In addition, the Company announced a name change from Kairos Holdings, Inc. to VitalTrust Business Development Corporation (OTCBB: VTBD).

The Company is now finalizing a series of events leading to the launch of the Company's business mission. VitalTrust has been financed with $1,000,000 by its existing management team and is concluding details relating to an additional $4,000,000. VitalTrust is concluding agreements with five privately held US corporations to be engaged to provide finance and management. Further, the Company is populating its Board of Directors to include an initial slate of three inside and four outside Directors. The Company has scheduled a Board of Directors Meeting for Friday, March 2, 2007 to formalize the VitalTrust launch.

The Company's business model includes, among other elements, a program designed to incubate the initial slate of private companies through profitable operations and positive cash-flows and then to spin-out each private company through a dividend to the VitalTrust shareholders.

Beginning Monday, March, 5, 2007, the Company intends to issue a series of releases detailing the essential aspects to the VitalTrust operations. At the end of the month of March, the Company will conduct a live conference call for investors to respond to any questions which may arise as a course of setting forth our operations, finance, client base and plans for the future.

About VitalTrust Business Development Corporation:

VitalTrust, a registered Business Development Company under the Investment Company Act of 1940, provides management and finance primarily to private companies that desire to become publicly traded during the course of their business cycle. The Company invests and manages enterprises in the healthcare, energy, internet and services sectors. The Company's business model foresees the finance and management of client companies through the point of profitable operations and positive cash-flows and concludes with a spin-out distribution to the VitalTrust shareholders of record. The Company's annual forecast envisions two to four spin-off distributions to the VitalTrust shareholders.

Contact Information

  • For information at the Company contact:

    Chief Executive Officer
    Charles Broes
    813-287-5787, extension 223

    Chief Operating Officer
    Mark Clancy
    813-287-5787, extension 225