SOURCE: Kore Holdings Inc.

January 19, 2006 08:45 ET

Kore Holdings Elects Kaptain Kootz of Mortgage America Bankers to Serve on Board of Directors

OAKHURST, CA -- (MARKET WIRE) -- January 19, 2006 -- Kore Holdings, Inc. (OTC BB: KORH) (the "Company") announced today that Kaptain Kootz has been elected as a director of the Company.

Kaptain Koontz joined the Company through the acquisition of Mortgage America Bankers ("MAB")in June of 2005 and remains as the principal operator of MAB as well as participating in the management of Kore's Financial Services Division. Mortgage America Bankers is a multi-state, residential mortgage Company that originates loans in excess of 25 million dollars per month. Kaptain Koontz is the principal operator of MAB, and has been so for more than 10 years. A native of the Washington, DC metropolitan area, Mr. Koontz has ties throughout the community, and is a long-time working partner of Level One and Rob Rood, Kore's CFO.

Mr. Koontz has a degree in Business Administration, and a major in Real Estate Marketing. He is licensed in multiple states, and fully chartered with HUD/FHA. In addition to marketing skills, he currently manages over 30 employees while still providing a major source of each month's production. He trained in the mortgage business with his father who has been in the industry for over 20 years. Mr. Koontz is both a graduate of Delaware State University and the University of the District of Columbia.

The addition of Mr. Koontz and Mortgage America Bankers to Kore's Financial Services Division will provide both expanded volume and profitability, as well as opportunities in further expansion of our retail production and overall Company Growth. Kore Holdings, Inc. is also a power provider and marketer of alternative energy and financial services with net assets of $23 million.

The Company's financial services entities originate and sell mortgage products to both primary and secondary markets through a series of wholesale and retail offices and brokers.

For more information about Kore Holdings, Inc., visit:www.koreholdings.com

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

  • Contact:
    Denis Costa
    Tel: 559-692-2474

    Rob Rood
    Tel: 301-587-1100