SOURCE: IO Circuit

April 27, 2007 09:22 ET

(OTC: KALG) Reports 42% Increase in Coal Price Forecast

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - April 27, 2007) - KAL Energy, Inc. (OTCBB: KALG) (FRANKFURT: D9T) announces a recent Bloomberg article published in the Jakarta Post on April 23rd quoted Dr. Mark Mobius, who oversees US$30 billion for Templeton Asset Management Ltd., saying that, "Asian coal prices may surge 42 percent in five years."

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