SOURCE: Kore Holdings Inc.

October 31, 2005 10:18 ET

Kore Holdings Seeks to Add 15 Million Tons of Coal

OAKHURST, CA -- (MARKET WIRE) -- October 31, 2005 -- Kore Holdings Inc. (OTC BB: KORH) announced today that it has been in talks to aquire an additional 15 million tons of coal for a royalty fee to be paid to the current owner. The company currently owns 4 million tons of coal and has options on 1.7 million additional tons. Due diligence on the project is in progress and the company hopes to conclude the transaction by the end of the year.

Information on the company is available on their website at www.koreholdings.com.

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

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