KMT Global Resources Corp.

March 23, 2011 23:28 ET

KMT Global Resources Corp. Acquired Recovery Enterprises Inc. (RCVY)

TORONTO, ONTARIO--(Marketwire - March 23, 2011) -

KMT Global Resources Corp. announced today that it has completed its acquisition of Recovery Enterprises, Inc. (RCVY) based in Nevada. The acquisition of approximately 99% of its common shares represents majority control. Recovery Enterprises currently has no significant operations and its trading on Pink Sheets bearing the symbol RCVY. "It is a good start for us as we are looking to use the North America presence to begin promoting our products and services to the global communities," said Gu Gang, Chairman of Baoying and KMT. KMT course of action is to seek regulatory approval to reverse merge one of its operation with RCVY in the near future.

ABOUT KMT GLOBAL RESOURCES CORP. 

KMT Global Resources Corp. (SEYCHELLES Incorporated) is a member Company of Baoying Holdings Ltd., with diversified interest in commercial & residential real estate investments, hotels ownership, commodity trading, capital investment focusing on health science and green technology. KMT is set up as global platform for launching our products and services.

More information about KMT Global Resources Corp. can be found at: www.kmtglobalcorp.com

SAFE HARBOR STATEMENT

This release includes forward-looking statements, which are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the Internet and e-commerce market; including the travel and research and development of technology moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise

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