King Resources, Inc.

King Resources, Inc.

April 11, 2012 15:45 ET

King Resources, Inc. (KING) Grid Grabber Targets 1,000 New Installations For Fast Food Industry

Grid Grabber Merger And Launch Program Installs First 3 units

HENDERSON, NEVADA--(Marketwire - April 11, 2012) - King Resources, Inc. (PINKSHEETS:KING) projects 1,000 new installations of Grid Grabber In months coming, Grid Grabber has set up meetings with a couple of major fast food chains, that have great devotion to reducing their carbon footprint on the environment.

Once the deal is completed the Grid Grabber project has the potential to be installing over 1000 units in different locations across North America in the upcoming months.

The recent merger announcement of Grid Grabber with KING kicks off the launch of the Grid Grabber.

Scheduled plans include first tree units will start being installed as early as next week.

Management reports local businesses are showing positive interest in the Grid Grabber. All necessary components have been ordered, and fabrication has begun to prepare 3 units for installs. The types of businesses that are coming on board are:

  • Auto repair shops,
  • The first of many convenience stores,
  • Dry cleaners.

Next planned, targeted and or scheduled installations:

  • An indoor rock climbing facility
  • Non-profit organization that sends clothing to 3rd world countries.

KING management is of the opinion that all of these businesses will benefit from great savings since their hours of operation are during on-peak charge times according to smart meter rates. Once the 3 units are installed, monitoring will begin, and preparation of additional units will commence for further installations later in the month.

In other company news, KING management has received inquiries regarding its recent share price fluctuations. The management does not comment on this issue publicly or privately. Company will however remind its followers that its security is widely held, and the Company affirms its prior statement that it is not engaged in any sort of dilution or toxic financing. KING asks its followers to review the Adequate Disclosure (CE) documents filed with OTC MARKETS for all corporate updates. On that note, the company has heard back from OTC Markets re its current CE filed, and the company's aspirations to reach "Current Issuer" ranking. KING is well under way in the process of furnishing OTC Markets the required documentation.

More details will follow shortly and frequently.

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Information in this news release may contain statements about future expectations, plans, prospects or performance of King Resources, Inc., that constitutes forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. King Resources, Inc. cautions you that any forward-looking information provided by or on behalf of King Resources, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. King Resources, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond King Resources, Inc.'s control. In addition to those discussed in King Resources, Inc.'s press releases, public filings, and statements by King Resources, Inc.'s management, including, but not limited to, King Resources, Inc.'s estimate of the sufficiency of its existing capital resources, King Resources, Inc.'s ability to raise additional capital to fund future operations, King Resources, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match King Resources, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. King Resources, Inc. does not undertake any obligation to publicly update any forward-looking statement.

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