KAL Energy, Inc. - Holds AGM, Announces Investor Conference Call

Mon Jun 23, 2008 11:25pm EDT
 
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SINGAPORE--(Business Wire)--
KAL Energy, Inc (OTCBB:KALG) held its Annual General Meeting in
Singapore with shareholders voting to reappoint the current company
auditors for FY2008. Announced at the AGM, were two future investor
events - an Investor Conference Call to be held at the start of July,
and an additional AGM in the second half of October 2008.

   Mr. Bloking, executive chairman of KAL Energy, stated "We look
forward to our first Investor Conference Call in July, and we hope
investors will take the opportunity to hear from the KAL team on our
progress and plans going forward. As part of our efforts to improve
investor communications, we anticipate this to be a quarterly event
providing a forum for two way communications with our broad investor
base."

   The Investor Conference call will be held at two times, to enable
investors from various regions to participate.

   Session 1: Will be held on July-1/July-2:

   Singapore 9AM (July-2), London 2AM (July-2), East US Coast 9PM
(July-1), West US Coast 6PM (July-1)

   Session 2: Will be held on July-2:

   Singapore 9PM, London 2PM, East US Coast 9AM, West US Coast 6AM

   Conference call details will shortly be published on the KAL
Energy website, in the Investor Relations section
(http://www.kalenergyinc.com/pages/investor-relations).

   For more information on KAL Energy, Inc. please visit our web site
at www.kalenergyinc.com

   KAL Energy, Inc. has rights to two coal concessions situated near
the Mahakam River in North Eastern Kalimantan, Indonesia. This river
is a key transportation system for delivering coal to domestic and
international markets. One of the concessions has a JORC Compliant
Inferred Resource of 204 Million tonnes of thermal coal. With numerous
other coal mines in East Kalimantan, including the world's largest
thermal coal exporter Kaltim Prima Coal (KPC), KAL Energy's
concessions are in a region that is known for its extensive open pit
thermal coal producing mines and environmentally friendlier coal
product. Indonesia has recently surpassed Australia as the world's
leading thermal coal exporter.

   Notice Regarding Forward-Looking Statements

   This news release contains statements regarding our expectations,
beliefs or views about our future financial performance, which
constitute "forward-looking statements," as that term is defined in
Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking statements
can be identified by the use of words such as "believe," "expect,"
"anticipate," "intend," "plan," "estimate," "project," or future or
conditional verbs such as "will," "would," "should," "could," or
"may." Statements in this press release which are not purely
historical are forward-looking statements and include any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Certain factors could cause actual results and conditions to
differ materially from those projected in these forward looking
statements. These factors are identified from time to time in the
Company's filings with the Securities and Exchange Commission. The
Company undertakes no obligation to update such statements to reflect
subsequent events.

KAL Energy, Inc
Mr. William Bloking, +65 6333 7234
Executive Chairman
Fax: +65 6333 7235
www.kalenergyinc.com

Copyright Business Wire 2008

 

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