 Kore Holdings Inc. (OTCBB: KORH) is a Power Provider and marketer of Alternative Energy and Financial Services. The company has
estimated
net assets of $24 million and delivers products and services through subsidiary companies. The Energy divisions own and develop
Alternative Energy via its endeavors in Wind Farms,
Alternative Fuels, Bio Mass and Distributed Power
Facilities. Traditional sources of energy involvement exist
through Kore’s Coal Reserves, which it has ongoing
exploration of Clean Methods of bringing those reserves to
market at maximum profitability. Previously the Financial
Services Division had a significant hand in the origination
and selling of mortgage products to both the primary and
secondary markets through a series of wholesale and retail
offices. As that world has eroded into a world of little
bottom line achieved vs. tremendous risk, new directions are
being pursued to bring the division back to “Make Sense
Profitability”. |
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03-16-09 -
Bethesda, MD
Kore Holdings Inc. ( OTC:
KORH - News) A statement from the CEO of KORE
Holdings, Inc., Robert F. Rood: “It's been just over
three years since our founder and my longtime
friend, Denis Costa Tseklenis, suddenly passed away.
During that time much has happened in the world and
Kore and although these times have been exceedingly
difficult, our shareholders must be better kept
informed. I am pleased to report that all aspects of
KORE are well suited for the environment of today's
market. More importantly, KORE is positioned well
for the months and years ahead. Our Energy Assets
are included in the Coal and Wind Energy markets
which are of supreme focus in solving this country’s
dependency on the resources of other nations.
Further, these are energy related industries which
present a great deal of promise in job creation and
thus a tremendous amount of dollars has been
allocated for these industries within the recently
passed Stimulus Bill. KORE will explore all possible
ways to interface its energy operations with the
government’s targeted job creation programs.
In addition, KORE historically had been involved
directly and indirectly in the residential mortgage
industry, but completely removed itself from that
industry at the first sign of weakening in 2006. The
financial services division of KORE has been
maintained through it’s First Washington Financial
Corp subsidiary which currently has no mortgage
operations of any type, although we continue to
explore other financial focused opportunities.
Kore’s Officers and Directors are committed to
return to our corporate policy of a steady flow of
information to our current and potential
shareholders. We have a greatly under-valued company
well positioned for the future, and we will continue
to advise the public of new developments as they
occur. |
-- Kore Holdings, Inc. ( OTCBB:
KORH.PK ), announced today, C. Timothy Jewell has
been appointed Chief Operating Officer by Kore Holdings,
Inc.
C. Timothy Jewell has been CEO of International
Mercantile Company, a publicly traded company, which was
a web-based vertical business-to-business (“B2B”)
developing high-end industry standard server and
workstation products for the information technology (IT)
industry. Mr. Jewell has extensive, senior-level
experience in management of public companies, investment
banking, strategic planning, business development,
mergers and acquisitions, legal, accounting, finance,
marketing, sales, advertising, and investor relations.
Most recently, Mr. Jewell has been deeply involved in
all aspects of Financial Services relating Property,
Banks and Wall Street, thus providing a well rounded
resource to the KORE team. |
Wind Energy - CLICK HERE
Wind-generated energy is an excellent source of emission-free electricity. According to the American Wind Energy Association, worldwide, about 40,000 megawatts of utility-scale wind turbines are installed today – 0.4 percent of the world's electricity demand. Europe makes up about 30,000 megawatts and the United States comprises roughly 6,300 MW.
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