KAIROS Holdings, Inc. Refocuses on Energy Markets
ORLANDO, Fla.--Oct. 1, 20051, 2005--KAIROS Holdings, Inc. ("Company" or "KAIROS") (OTCBB:KROH) announced today its strategy for fiscal year 2005 to enter the multi-billion dollar energy markets. The Company will focus primarily in clean burning coal technologies, the development of coal based alternative fuels, the production of coal bed methane and conventional natural gas, as well as renewable bio-diesel produced from agricultural products such as soybean.After multiple requests to fund energy related businesses the Company has changed its focus from general financial services to specialize in the explosive energy market. KAIROS will work with smaller independent oil and gas exploration and production companies that have turned to the capital markets to raise funds to expand their operations. These smaller public companies trade on the OTC, NASDAQ and AMEX exchanges anywhere from $.38 to $20.00 per share. KAIROS will focus on a long term growth strategy based on aggressively pursuing investment opportunities and joint ventures with energy related companies especially in the alternative fuel business.
Management believes energy security must come through fuel choice and that the only answer to the energy problem is to develop alternatives to the oil that fuels the transportation sector. To be less dependent on foreign oil the US must open the transportation fuel market to other competitively priced non-petroleum based fuels as well. The next-generation fuels are available now as an alternative to oil and can provide virtually a limitless supply of transportation fuel without requiring major infrastructure changes. KAIROS has elected to participate financially in this strategic energy transition.
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The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.