SOURCE: Kalahari Greentech, Inc.

February 09, 2011 10:05 ET

Kalahari Greentech, Inc. Updates Shareholders; Announces Election of New Directors -- Plans Going Forward

LAS VEGAS, NV--(Marketwire - February 9, 2011) - Kalahari Greentech, Inc. (PINKSHEETS: KHGT) released a shareholder update from its newly appointed Director and President, Mr. Andrew S. Austin today, announcing recent changes to the membership of the Board of Directors, appointment of new Officers and outlining the Company's prospective plans for development and operations in 2011.

On December 23, 2010, shareholders accounting for a majority of the outstanding votes eligible to case votes held a special meeting pursuant to the Company's by-laws and applicable Nevada Revised Statutes. At this meeting unanimous consent was given to the election of Andrew S. Austin as director, and the removal of Mr. Gunther Than and Mr. Robert Matthews as directors of the Company. Mr. Than was removed as Secretary and President and Mr. Austin was named President of the Company. The Company's Board of Directors now consists of Mr. Austin and Mr. Michael Kaier.

Mr. Austin commented: "I am very excited to assist the Company's efforts to fully develop its previously announced solar technology initiatives. Towards that end, I have taken action to acquire all of the Company's books and records from former management, and am looking forward to investigate other possible 'green' technologies in order to bring revenues and profitability to the Company's shareholders."

ABOUT KALAHARI GREENTECH, INC.

Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.

Safe Harbor Statement
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

Contact Information

  • CONTACT:
    Investor Relations Inquiries
    Atlanta Capital Partners, LLC
    (404) 856-9157 Office
    (866) 692-6847 Toll Free - U.S. & Canada