KAL Energy, Inc. Receives Strong Upgrade by Respected Research Firm.Management Reports Geological Estimates of 192 Million Tons of Coal LONDON -- KAL Energy, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: KALG) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC TSC Thestreet.com (stock symbol) TSC Time Stamp Counter TSC Tuberous Sclerosis Complex TSC Tractor Supply Company TSC Terrorist Screening Center (Department of Homeland Security) ), has upgraded their equity rating on KALG. This strong upgrade comes at a time when the company has received five operational drill rigs and has conducted over 1000m of exploratory drilling thus far. KAL Energy has rapidly increased its on-site workforce to 128 people, including 8 geologists. The increased workforce and rigs will be used to explore their concessions for additional coal seams as well as to excavate the estimated 192 million tons of coal situated near the Mahakam River The Mahakam River flows 980 km from the highlands of Borneo, district Long Apari to its mouth in Makassar Strait. The city of Samarinda, the provincial capital of East Kalimantan, lies along the river 48 km (30 mi) from the river mouth. in North Eastern Kalimantan, Indonesia. The strong upgrade is also due to the company anticipating drill results from the Thermal Coal Project in the coming weeks. TSC is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.otclive.com Cameron Reynolds, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of KAL Energy, Inc states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction." Mr. Reynolds further stated, "We look forward to shipping coal to customers later this year and anticipate strong growth." KAL Energy's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Thatcher Thatch·er , Margaret Hilda. Baroness. Born 1925. British Conservative politician who served as prime minister (1979-1990). Her administration was marked by anti-inflationary measures, a brief war in the Falkland Islands (1982), and the passage of a Mining Pte. has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O'Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton. For more information on KAL Energy, Inc. please visit our web site at www.kalenergyinc.com Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially. |
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