SOURCE: Kensington Energy Corp.

March 01, 2007 13:33 ET

Kensington Energy Signs Exclusive Development Agreement

MINNEAPOLIS, MN -- (MARKET WIRE) -- March 1, 2007 --Kensington Energy Corp. (PINKSHEETS: KNGC), Minneapolis, Minnesota, announced today that it has entered into an exclusive business relationship for the development of proprietary technology for tracking, monitoring, and identifying maritime shipping containers. The technology will be developed with a company represented by Private Escrow Company, Ltd. of Florida. Kensington Energy Corp anticipates being able to announce more details shortly.

Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the company, which include the ability of the company to implement its business plans and consummate the proposed acquisition, actual results may differ materially from the expectations expressed in the forward-looking.

Contact Information

  • Contact:
    Kensington Energy Corp.
    William Schluter
    CEO
    Tel: 952-808-1800