KLYG Kelyniam Global Inc (PK)

Kelyniam Global, Inc. (PINKSHEETS: KLYG), an advanced Engineering and Rapid Prototyping Company specializing in the use of CADCAM technology, announces that it has entered negotiations with a Major U.S. Aircraft manufacturer to provide on-site engineering consultants.

James Ketner, President and CEO of Kelyniam Global, Inc., stated: "This contract has the potential to significantly increase our forecasted Revenues and Earnings for year end 2009. The contract is a time and material type, with a fixed billing rate for each engineer placed. Our margins usually run around 30% on this type of work."

Kelyniam recently became profitable at the end of 3rd quarter 2008 and had a 17% revenue increase between 2nd and 3rd quarter. Kelyniam will post record revenues for 2008, and is on track to meet or beat 2009 earnings forecast of $.11-.15 per share retained earnings.

Kelyniam recently released 3rd quarter earnings results on December 12 which can be viewed by following the link www.kelyniam.com/2008PR/12_12_08.htm

A financial condition update from Mr. Ketner can be found in that press release by following the link www.kelyniam.com/investor_relations.htm

Mr. Ketner added: "I would venture to say that we have been lucky to be involved with our new medical technology at this time, which has insulated us from the downturn in the U.S. economy. With FDA approval on the horizon of the implant process, and with the signature of this new contract, Kelyniam will be poised for growth and profitability for 2009."

Kelyniam Global, Inc. recently posted a new video which tells more about the company's new and exciting medical process utilizing CADCAM technology. The video can be watched by going to the company website, and selecting the "Watch our New Medical Video" on Kelyniam's home page, or by following the link www.kelyniam.com/video.wmv

About Kelyniam Global, Incorporated:

Kelyniam Global, Inc. is a balanced vertically integrated multi-industry holding corporation. Our divisions and subsidiaries service a vast array of clients across numerous fields and industries encompassing, but not limited to, medical, automotive, aerospace, jewelry, nautical and consumer products. The company specializes in the use of CADCAM technology with recent developments in the production of high precision replication of artificial bone implants for medical applications.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact: Michelle LynRay Kelyniam Global, Inc. www.kelyniam.com 1-800-280-8192