SOURCE: Kore Holdings Inc.

November 23, 2005 08:45 ET

Kore Holdings Coal Development Near Completion

OAKHURST, CA -- (MARKET WIRE) -- November 23, 2005 -- Kore Holdings Inc.(OTC BB: KORH) announced today that it is in the final stages of development for the company's coal projects and expects that sales should commence as of next year. Total revenue from the coal sites is projected to exceed $900 million dollars over the life of the assets based on market prices currently quoted for this quality coal. Additional projects are being reviewed for acquisition, however priority is being given to the current assets sales. The engineering studies which have been previously completed are set for final revision to submit for permits and bonding application, subcontractors, equipment, partnership financing and project management are in final negotiations pending the forthcoming start dates. The current and future outlook for coal to fill the growing energy needs of the domestic market and abroad create positive growth opportunities for Kore Holdings Inc. Company management and Board of Directors are reviewing how best to utilize Corporate assets for future growth which may include a restructure of the company to not only focus on coal development but also enhance the alternative energy sector and the growing financial services division for possible shareholder dividends.

Kore Holdings is a power provider and marketer of energy and financial services.

Company Contact: Denis Costa PH-559.692.2474 Company website Information - - www.koreholdings.com

Additional company info at http://www.publiccoreport.net/featured/KORH/company.asp

FORWARD-LOOKING STATEMENTS IN THIS PRESS RELEASE REGARDING KORE HOLDINGS INC ARE MADE PURSUANT TO THE SAFE HARBOR' PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. INVESTORS ARE CAUTIONED THAT SUCH FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES AS FURTHER DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. AS A RESULT THERE CAN BE NO ASSURANCE THE COMPANY'S FUTURE RESULTS WILL NOT BE MATERIALLY DIFFERENT FROM THOSE PROJECTIONS. THE COMPANY HEREBY DISCLAIMS ANY OBLIGATION OR UNDERTAKING TO RELEASE PUBLICLY ANY UPDATED REVISIONS TO ANY SUCH STATEMENTS TO REFLECT ANY CHANGE IN THE COMPANY'S EXPECTATIONS OR ANY CHANGE IN EVENTS CONDITIONS OR CIRCUMSTANCES ON WHICH THIS STATEMENT IS BASED.

Contact Information

  • Company Contact:
    Denis Costa
    PH-559.692.2474