KAL Energy Inc. Retains Grayling Global as Investor Relations Counsel
09 September 2008 - 11:49PM
PR Newswire (US)
NEW YORK, Sept. 9 /PRNewswire-FirstCall/ -- KAL Energy, Inc. (OTC
Bulletin Board: KALG), a thermal coal explorer and developer,
announced today that it has retained Grayling Global as the
Company's strategic investor relations and financial communications
counsel. William Bloking, Executive Chairman and President of KAL
Energy, Inc., said, "We selected Grayling Global based on their
broad experience, reputation, and proven track record of enhancing
visibility and shareholder value for clients. Their extensive
expertise and experience in the energy sector will be invaluable as
we communicate with a broader audience. "KAL is entering into a new
pivotal phase which requires the right team to ensure excellent
execution and communication. KAL is now firmly focused on exploring
and developing its thermal coal resources in Kalimantan, Indonesia,
one of the world's most prolific coal exporting areas." KAL owns
the economic rights to two concessions in East Kalimantan, near the
Mahakam River. "We are currently advancing the work undertaken
during our initial exploration program, which resulted in a JORC
compliant inferred resource of 204 million tonnes of thermal coal.
We are conducting additional exploration and other studies, such as
aerial topography and transportation and environmental assessments,
to determine the economic viability of the concessions. As soon as
all studies are completed and, assuming that economic viability is
established, KAL plans to begin the exploitation phase. While we
still have some way to go to complete this very critical work, we
are very excited about the overall project," added Mr. Bloking. "We
are delighted to work with KAL Energy as we are able to draw from
our experience and success in the energy/mining sector, and
small-cap growth stock arenas," stated Lucia Domville, Managing
Director of Grayling Global. "The energy market is currently in the
global spotlight and at an exciting phase right now. This is
especially true for Asia, where KAL is focused, given its strong
long-term market fundamentals. We are looking forward to working
with KAL Energy's management team to develop a strategic
communications program targeting current stakeholders, potential
investors, and the public in general." About KAL Energy, Inc. KAL
Energy, Inc, through its wholly owned subsidiary of Thatcher Mining
Pte. Ltd., has economic rights to two coal concessions near the
Mahakam River in East Kalimantan, Indonesia. KAL Energy has
commenced exploration programs and feasibility studies on these
concessions to determine their commercial viability. The Company
intends to develop and produce coal from these concessions in an
socially, environmentally and economically sustainable manner, as
guided by the Equator principles. End markets for KAL's thermal
coal product include local Indonesian consumers as well as export
markets in India, China, North Asia, and Southeast Asia. KAL Energy
is incorporated in the State of Delaware and is publicly traded on
the NASDAQ OTCBB. For further information regarding KAL Energy,
Inc., please visit the website at http://www.kalenergyinc.com/.
About Grayling Global Grayling Global, a wholly owned subsidiary of
Huntsworth PLC (LSE:HNT.LLSE:- News), is headquartered in London,
with offices in New York, Brussels, Edinburgh, Los Angeles,
Istanbul, Madrid, Moscow, Sacramento, Shanghai, Hong Kong and Tel
Aviv. The firm focuses on providing services to privately held and
publicly traded corporate clients in the areas of investor
relations/financial communications, corporate communications, and
public affairs. Additional information may be found at
http://www.hfgcg.com/. Contact: William Bloking Executive Chairman
and President KAL Energy, Inc. T. +62 21 521-1110 Email: Lucia
Domville - Investor Relations Grayling GlobalT: +1 (646) 284-9416
E: Ivette Almeida - Media Relations Grayling Global T: +1 (646)
284-9455 E: DATASOURCE: KAL Energy, Inc. CONTACT: William Bloking,
Executive Chairman and President of KAL Energy, Inc.,
+62-21-521-1110, ; or Lucia Domville, Investor Relations
+1-646-284-9416, , Ivette Almeida, Media Relations,
+1-646-284-9455, , both of Grayling Global Web site:
http://www.kalenergyinc.com/ http://www.hfgcg.com/
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