MARKETS OF INTEREST

VIEW OUR WIND DEVELOPMENTS

Take a deeper look at how we're harnessing the power of wind to offer an alternative power source for the world. Our research and development will prove that we have our sights on success and that we will produce the desired outcome providing a wise investment for all our shareholders.

Wind Energy
The Company’s wind energy subsidiary, Arcadian Inc., owns a large wind farm in the Altamonte Pass, east of San Francisco. The wind farm has an appraised value of $14,834,400 including more than a thousand wind turbines that were built in the 1980s and retrofitted in the 1990’s. The project includes leasehold interest on approx. 4,000 acres through 2036 with extension options. The Company plans to replace older turbines with new turbines from General Electric. The Company has secured financing of $120 million to “repower” the wind farm in two phases. At present, the wind farm is not operating while California’s Public Utilities Commission (PUC) sets energy prices and policies in the aftermath of California’s energy crisis of 2000, which led to Pacific Gas and Electric filing for temporary bankruptcy, resulting in power purchase contracts becoming uncollectible. PG&E is no longer in bankruptcy and the California legislature currently is developing a plan to ensure the commercial viability of alternative energy. The Company anticipates that the wind farm at Altamonte Pass will become operational again in the near future, with new, state of the art turbines and higher profit margins.


OUR OFFICERS

Robert F. Rood, Chairman, President, Chief Executive Officer, and Secretary

Mr. Rood served as a director and the treasurer of the Company since March 2002. Mr. Rood has been in the finance industry since 1991. Mr. Rood has managed, consulted and served as a financial consultant for Unions and REITS. In conjunction with the mortgage industry, Mr. Rood participated in the designing of secondary market products that be sold to the likes of DLJ Credit Suisse, Numora Bank and Conseco Insurance. In 1997, Mr. Rood entered the mortgage lending industry at Wall Street Mortgage Corporation as head of the sales force and was responsible for promoting custom-made mortgage products and FHA lending. In 2000, Mr. Rood joined F&M Bank in Bethesda, Maryland to start and supervise the newly formed wholesale mortgage division. When F&M Bank was acquired, Mr. Rood left to become manager of the Bethesda office of Fidelity & Trust Mortgage, Inc. In 2000, Mr. Rood helped found First Washington, now a wholly owned subsidiary of the Company. Although continuing on in all facets of the mortgage world and considered by most inside and outside the industry as an expert on a number of levels, Mr. Rood has built on his knowledge in energy. Becoming CEO in 2006, Mr. Rood is well versed in most areas of alternative energy.  Mr. Rood is sole surviving member of the team that saw so many years ago what everyone is coming to realize today, Alternative Energy is something that we must embrace as soon as possible as it is this country’s great untapped solution to an ever growing problem… ENERGY INDEPENDENCE.

James A. Sharon, Director

Mr. Sharon has been a director of the Company since September 2002. Mr. Sharon has public company experience as a former president of a public company and has experience in lease negotiations with major tenants such as Mobil Oil, Cellular-One, and Marriott Corp. Mr. Sharon has extensive experience in the installation of large commercial renewable energy projects. Mr. Sharon was an exchange student at City University in London in 1972 and holds a Bachelor of Science Degree in Civil Engineering with Honors from Worcester Polytechnic Institute. Mr. Sharon is licensed by the State of Florida as a Certified Building Contractor and a Certified Solar Energy Contractor.

C. Timothy Jewell, Director, Chief Operating Officer

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.

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